Industrial Floor Coatings Market growth drivers & Challenges by 2024 - PowerPoint PPT Presentation


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Industrial Floor Coatings Market growth drivers & Challenges by 2024


Industrial Floor Coatings market from Mortar material is expected to register 5.6% CAGR up to 2024. Increasing demand for decorative and durable flooring will provide advancement for product penetration. – PowerPoint PPT presentation

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Title: Industrial Floor Coatings Market growth drivers & Challenges by 2024

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

  • 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.

  • 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
  • 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.


Latest Research Report On Industrial Floor
Coatings Market_at_ https//
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