Anti-Slip Coatings Market Projected to Reach $161 million by 2023

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MarketsandMarkets Presents
Anti-Slip Coatings Market Projected to Reach 161
million by 2023
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• The report "Anti-Slip Coating Market by Resin
  (Epoxy, Polyurethane, Polyaspartic Acrylic),
  Type (Water-based, Solvent-based), End-use
  Industry, and Region (North America, Europe,
  APAC, Middle East Africa, South America) -
  Global Forecast to 2023", The anti-slip coating
  market size is estimated at USD 105 million in
  2018 and is projected to reach USD 161 million by
  2023, at a CAGR of 6.5 between 2018 and 2023.
  The growing construction industry and increase in
  maritime activities are expected to drive the
  anti-slip coating market.
• Browse 187 market data Tables and 30 Figures
  spread through 137 Pages and in-depth TOC on
  "Anti-Slip Coating Market - Global Forecast to
  2023"Download PDF Brochure https//www.markets
  andmarkets.com/pdfdownloadNew.asp?id54495608
• Key Market Players
• 3M is one of the leading manufacturers of
  anti-slip coatings. Coatings offered by the
  company are used in various end-use industries
  like construction flooring, marine deck,
  aerospace, industrial equipment, and packaging.
  The companys strong focus on research
  development activities is considered to be the
  major reason for the growth in sales and profit.
  In 2019, the company plans to invest USD 2
  billion in research development. 3M has its
  distribution network all over the world and
  continuously focuses on growth, operational
  efficiency, and strong customer relationship. On
  the other hand, Axalta Coating Systems is a core
  technology driven company and invests a
  significant share of its budget in research
  development. The company believes in serving its
  customer in a better way by constantly improving
  and localizing its resources. Hempel has huge
  investments in new research and development. The
  company is also actively organizing internal
  compliance and audits to maintain the quality of
  the product. It is also focusing on more greener
  technologies of manufacturing.

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137 Pages Report The market for anti-slip
coatings is projected to grow from USD 105
million in 2018 to USD 161 million by 2023, at a
CAGR of 6.5 during the forecast period.
Anti-slip coatings are used on various surfaces
such as workshop floors, stairs, scaffolds, and
so on. It is wear resistant and resists oils,
acids, detergents, and others. Anti-slip coatings
can be directly used without the need for any
previous mixing. Construction flooring segment
is projected to be the fastest-growing end user
of anti-slip coatings during the forecast
period.According to the national PMI (Project
Management Institute), the growth in
manufacturing is expected to be more in developed
nations. Europe is the strongest performing
region. This increase in global manufacturing
resulted in increased employment and construction
of industrial facilities. Flooring is also an
essential part of industrial facilities such as
manufacturing plants, offices, restaurants, and
warehouses. Increasing industrialization in
countries such as India, Taiwan, Malaysia,
Brazil, Turkey, South Africa, Norway, Denmark,
and Belgium is driving the market for anti-slip
coatings. Epoxy resin is estimated to be the
largest segment in the overall anti-slip coatings
market during the forecast period.Epoxy resin
is widely used as protective and performance
coatings due to their strong properties such as
good adhesion, flexibility, solvent resistance,
hardness, and wear and tear strength. It is a
predominantly thermosetting resin, which becomes
irreversibly hard after curing. In industrial
flooring, epoxy resins are preferred as they
provide a hard and strong surface to walk. They
are used in industries where accidents due to
slips are more likely to happen. The growth of
epoxy resin-based anti-slip coating depends on
the market for protective and performance
coating. Traditionally, epoxy coatings have been
applied as solvent-borne systems. However, due to
the growing importance of reducing VOC (Volatile
Organic Compound) emission, the use of
water-borne coating is increasing.
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• APAC is estimated to account for the largest
  share of the market during the forecast period.
• APAC is estimated to dominate the overall
  anti-slip coatings market in 2018. The region has
  emerged as the largest consumer of anti-slip
  coatings, owing to the growth in demand for
  anti-slip coatings in countries such as China,
  Japan, India, South Korea, and Australia. The
  growing industrialization in these countries is
  expected to drive the market for anti-slip
  coatings in the region during the forecast
  period. The construction sector is expected to
  grow in the future, especially in countries
  located in Asia. The global economy is growing
  and is expected to continue to grow in the near
  future. With the growth of the economy, the
  construction market is estimated to experience
  huge growth, at  an average of 3.5 in the coming
  10 years.
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• Recent Developments
• In February 2015, 3M launched its anti-slip floor
  coating to improve safety. This floor coating
  combines anti-slip properties with peelable
  removability. It is a combination of translucent
  beads and polymer dispersion.
• In March 2017, PPG completed its high-performance
  waterborne and high-solids coatings production
  line in China. This line enhances the production
  and service capabilities of PPGs automotive
  coatings business for customers in China.
• In June 2017, Axalta acquired Valspar
  Corporations North American Industrial Coatings.
  

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Industry Leaders   The leading players in the
anti-slip coatings market are 3M (US), PPG
Industries (US), Axalta Coating Systems (US),
Hempel A/S (Europe), RPM International (Mexico),
Sherwin Williams (US), Amsteps Products
(England), Randolph products (UK), No Skidding
Products (US), North Central Electric (US),
Paramelt RMC B.V  (Netherlands),  Safemate
Anti-Slip Pvt. Ltd. (Germany), Skidproof Ltd.
(UK), Industrial applications Inc. (UK),
Halosurfaces International Ltd. (New Zealand),
Wooster Products (US), Anti-slip Anywhere (US),
Tesoplas (England), American Safety Technologies
(US), and Diamond Safety Concepts (Japan). These
players adopted expansions and acquisitions as
their key growth strategies from 2015 to 2018,
which helped them increase their capacities and
cater to the widening customer base. For more
Info Visit Our Blog _at_ https//chemicalsresearchmar
ket.wordpress.com/Blog Geographical Scenario
  APAC to hold the largest market for anti-slip
coatings during the forecast period. APAC is one
of the most promising markets for anti-slip
coatings, both in terms of production and
consumption. The availability of raw materials
along with significant domestic demand make it
the most attractive market, globally. The region
has the two most populous countries in the world
China and India, which together account for more
than 35 of the global population. The growing
building construction and industrial sectors
are expected to increase the demand for anti-slip
coatings in the region.

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