Industrial Floor Coatings Market growth drivers & Challenges by 2024

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Global Industrial Floor Coatings Market to
Surpass 1,300 kilo tons by 2024
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Global Market Scenario of Industrial Floor
Coatings Industry

• Industrial Floor Coatings Market size is
  estimated to surpass USD 6 billion by 2024
  according to a new research report by Global
  Market Insights, Inc.
• Increasing number of manufacturing units coupled
  with rising industrialization is anticipated to
  drive industrial floor coatings market growth.
  Customer preference for better quality finishing
  and chemical resistant flooring will support
  product demand.
• Strong application potential in food processing
  industry to maintain hygiene, quality and purity
  will fuel industry growth.
• Global food processing industry will register 6
  growth through to 2024. The industry contributes
  significantly in industrial floor coatings
  revenue generation owing to rising quality
  standards.

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Continue-

• Double component accounts for over 50 of market
  share in 2016. Offering high toughness to
  withstand maximum possible friction on the floor
  is among the key feature driving product demand.
  Chemical resistance towards various organic and
  inorganic acids, wastes, alkalis, water and
  petroleum products will enhance growth.
• Epoxy cementitious is the fastest growing segment
  increasing over 6.5 rate up to 2024. Effective
  layering with single coats, high resilience and
  excellent resistance to chemicals and mechanical
  impacts will propel demand.
• Oscillating crude oil prices will impact
  industrial floor coatings market price trend. RD
  on bio based coating materials owing government
  regulations on material residues will open new
  avenues in the industry.

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• Product Analysis-
• Epoxy cementitious contributes over 25 revenue
  share in industrial floor coatings market in
  2016. Polyaspartic will witness a growth over
  5.5 up to 2024. Rising need for protection from
  harmful UV rays makes polyaspartic an excellent
  option for outdoor applications.
• Concrete contributed over 85 overall industry
  share in 2016, superior features including better
  wear tear and scratch resistance has positively
  influenced material demand. Ease of
  customization, low maintenance and appealing
  finishing drives the product consumption in
  several industries.
• Application Analysis-
• Food processing accounted for over 30 of the
  overall demand in 2016. Growing demand for strong
  and high mechanical resistant floors in
  storehouses will drive demand in warehousing
  segment. Industrial floor coating demand from
  aviation and transportation stood at over 115
  kilo tons in 2016.
• Manufacturing application generated over USD 1.1
  billion in 2016 and is anticipated to register
  over 6 growth till 2024.

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• Regional Analysis
• APAC industrial floor coatings market is
  anticipated to be valued over USD 2.5 billion by
  2024. China and India are projected to be among
  the key revenue generating countries. Favorable
  FDI norms along with increase in government
  spending to expand manufacturing sector will
  drive regional growth.
• Germany will observe over 6 growth up to 2024.
  Presence of major automotive manufacturing
  facilities in the country will drive regional
  industry growth. Germany generated over USD 30
  million from aviation and transportation
  application.
• Competitive Analysis
• Asian Paints, Sherwin-Williams, RPM
  International, Akzo Nobel, PPG Industries, BASF,
  Axalta Coating Systems, Roto Polymers, Tambour,
  Maris Polymers, Nora System, Milliken Company,
  ArmorPoxy and Florock Polymer are among the key
  industry players.
• Other notable companies includes DSM, Dow
  Chemical, Apurva India, Koninklijke Grand
  Polycoats, The Lubrizol, Plexi-Chemie, Michelman,
  Pro Maintenance and Ardex Endure.

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Latest Research Report On Industrial Floor
Coatings Market_at_ https//www.gminsights.com/indust
ry-analysis/industrial-floor-coating-market
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