Global Industrial Floor Coating Market

  January 29, 2020    |      Chemicals and Materials    |       550


New York City, NY, 29 January, 2020/ 24 Market Reports: It is estimated for the global industrial floor coating market to grow from USD 5.2 billion in 2019 and reach that of USD 6.4 billion by the year 2024 witnessing the growth at a CAGR of 4.3% during the forecast period of 2019 to 2024. The high growth of industrial and commercial construction industries across the globe is propelling the demand for the industrial floor coatings. Rapid industrialization and growing manufacturing industries around the globe are the factors that are driving the growth of the market during the forecast period.

The epoxy segment to grow at the fastest rate in the market during the forecast period

The epoxy segment, based on the resin type is estimated to grow at the fastest rate during the forecast period. The superior properties of the epoxy segment such as high adhesion, impact resistance, flexibility and resistance to chemicals and solvents are the factors that are driving the growth of the segment in the market during the forecast period. Also, the epoxy segment is termed to be the fastest-growing segment in the industrial floor coating market.

The concrete segment to be the fastest-growing segment in the market during the forecast period

The concrete segment, based on flooring material is estimated to be the fastest-growing one during the forecast period. Lower cost of concrete, its superior durability and its tensile strength are the factors that make the segment the widely used material during the construction of industrial floors.

Manufacturing segment to be the largest segment in the market during the forecast period

During the forecast period, it is estimated for the manufacturing segment based on the end-use industry to be the largest segment in the market. The exponential growth of the manufacturing industry around the globe is resulting in the growth of the segment in the market during the forecast period. An opportunity for the application of industrial floor coating is been created with the increasing market for manufacturing activities resulting in the increasing number of production plants.

Asia Pacific region to dominate the global industrial floor coating market throughout the forecast period

In the year 2018, the Asia Pacific region accounted for the largest share in the market and the trend is estimated to continue throughout the forecast period. The growing industrial, infrastructural & construction, marine, and automotive industries has resulted in the increasing demand for protective coatings in the region. Along with the easy availability of cheap labour, the less stringent norms and standards for safety and environmental compliance are the factors that are attracting the major players of the market to set up their production facilities in the countries of Asia Pacific. These factors are driving the growth of the market in the region during the forecast period.

The following are the major objectives of the study:

  • To define, describe, and forecast the global industrial floor coating market on the basis of product, application and region.
  • To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
  • To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
  • To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
  • To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global industrial floor coating market.

Critical Questions which the report answers:

  • What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
  • What are the key revenue generating pockets for global industrial floor coating market and their future potential during next decade?
  • How competitive landscape is evolving in global industrial floor coating market?

Major Industry outlook Of Industrial Floor Coating Market