Industrial Floor Coatings Market 2021: Industry Future Set To Massive Growth With High CAGR Value, Forecast By 2026

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Industrial Floor Coatings Market Size 2021
Status Top Players Trends And Forecast To 2026
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Global Market Scenario of Industrial Floor
Coatings Industry

• According to the report published by Global
  Market Insights, the global industrial floor
  coatings industry share was assessed at 5.24
  billion in the year 2019 and is estimated to hit
  7.01 million by 2026, registering a CAGR of a
  6.9.
• Industrial floor coatings are expected to foresee
  extensive demand in view of elevated spending in
  the construction sector. Increasing foreign
  direct investments across developing countries
  have anchored construction of new manufacturing
  units across the world. Highlighting an instance,
  in 2019, Tesla revealed plans to invest about
  4.4 billion to set up its a new electric car
  factory near Berlin. Execution of such
  construction activities could spark the demand
  for industrial floor coatings.
• UK, Germany, France, and Italy are the major
  countries contributing to the growth of the
  industrial floor coatings sector. Strong presence
  of manufacturing companies in the region are
  catering to product demand. Investments in RD
  initiatives by industrial floor coatings
  manufacturers could support market expansion.

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• While favorable government initiatives to offer a
  boost to the industrial sector might bolster the
  demand for industrial floor coatings. As per the
  report, Europe is projected to record 15 demand
  share in 2026.
• Asian Paints, BASF SE, Sherwin-Williams, PPG
  Industries, AkzoNobel, Axalta Coating System, and
  Kansai Paints, are some of the leading contenders
  in the global market. In addition to its
  application in the industrial sector, these
  coating are also prominent in the transportation
  and aviation industry.
• Reports suggest that the transport and aviation
  industry could account for over USD 1,315 million
  by 2026.
• These application spaces require superior
  industrial floor coatings to use of heavy
  machinery vehicle and their association with
  fuel, chemicals, solvents, tire tracks, oils, and
  other contaminants. Lack of adequate flooring
  can led to absorption of hazardous chemicals by
  the floor causing the development of stains and
  creating a safety hazard.

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360 Industry Analysis

• In floor coating type, the polyurethane segment
  is expected to reach 610 USD million by 2026.
  Polyurethane coatings offer multiple features
  like a smooth and seamless finish which makes it
  ideal for usage in food beverage facilities,
  where temperature changes are frequent. A rise in
  growth of the food processing industry may push
  polyurethane coatings demand.
• Unarguably, industries worldwide are heading
  towards digitalization due to the current
  COVID-19 pandemic. The outbreak has encouraged
  consumers to purchase from online retailers and
  e-commerce platforms. Intensifying customer base
  and reliance on e-commerce platform has triggered
  the need for large scale warehouses. In 2021,
  Oregon-based distributor of consumer goods,
  Newacme LLC announced its plans to expanding its
  operations to the East Coast by investing 1.5
  million in a 217,000-square-foot warehouse and
  distribution center in Delaware Logistics Park.
  Such initiatives could have a positive impact on
  the demand for industrial floor coatings across
  warehouses worldwide
•  

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• Competitive Analysis
• Dow Chemical, Akzo Nobel, Sika AG, PPG
  Industries, and Kansai Paints are some of the key
  players operating in the Industrial Floor
  Coatings Market.

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Coatings Market_at_ https//www.gminsights.com/indust
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