Industrial Floor Coatings Market 2019 to 2024, key industry players & growth trends

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Industrial Floor Coatings Market to accrue
commendable proceeds over 2019-2024
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Global Market Scenario of Industrial Floor
Coatings Industry

• The latest trending report on global Industrial
  Floor Coatings Market research offered by Global
  Market Insights, inc is an informative study
  covering the market with detailed analysis, the
  report will assist reader with better
  understanding and decision making.
• Industrial floor coatings market is expanding
  owing to the rapid pace of industrialization
  worldwide. Rising awareness about the benefits of
  flooring depicts a surge in demand across various
  manufacturing sectors.
• Improved focus on reducing maintenance costs
  amidst harsh working conditions, such as heavy
  machinery, excessive heat, and chemical spills,
  will boost product penetration.
• According to the Asian Development Bank, Asian
  countries are expected to invest USD 9 trillion
  in infrastructure development between 2010 and
  2020.
• A major share of these investments expected to be
  allocated in manufacturing industries to support
  the needs of the growing population, fueling the
  business growth over the forecast period.

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• Several companies-initiated renovations
  incorporating floor coatings to achieve a
  reduction in wear and tear from heavy equipment.
  The product is generally used as a protective
  outer layer and it is applied to the ground
  surface. Growing need for high mechanical
  resistance to withstand wheels traffic in the
  plant will attract industries to adopt industrial
  floor coatings products.
• Lower temperature reduces product performance of
  floor coatings due to the presence of organic
  chemicals while coating production. This limited
  performance at certain temperature is likely to
  restrict industrial floor coatings market growth
  during the forecast period.
• Epoxy market was accounted over USD 1.6 billion
  in 2017. The product is extensively used on
  flooring surfaces of manufacturing facilities,
  food beverage plants and warehouses. The
  self-leveling layers that contribute to the
  protection and filling hairline crack on floors
  augmenting product demand.
• Superior properties, such as exceptional
  adhesion, high resistance to chemicals
  solvents, and flexibility, are among the major
  factors propelling product profile.

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360 Industry Analysis

• Asia Pacific market captured more than 38
  revenue share in 2017 and likely to observe over
  8 CAGR up to 2024. Global manufacturing industry
  is mainly concentrated in Asian countries,
  particularly in China, Japan South Korea.
• Regional growth was credited to China and Japan
  together contributed for over 30 of the global
  manufacturing output. For instance, in 2017, the
  Government of India announced the allocation of
  INR 6,000 crores for the establishment of 42 mega
  food parks to reduce food wastage, offering
  lucrative opportunities to the industrial floor
  coatings players in the region.
•  

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• Competitive Analysis
• Industrial floors coatings market is highly
  fragmented in nature due to the huge presence of
  small manufacturing companies. Key companies
  include BASF, Sherwin-Williams, Roto Polymers,
  PPG Industries, Akzo Nobel, 3M, Kansai Paints,
  Axalta, Maris Polymer, and Florock Polymer.
• These companies are focusing on strategic
  collaboration with small companies to enhance
  position in the market.

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