The global Industrial Floor Coating market is expected to develop US$ 7 billion by 2031, at a compound annual increase in price (CAGR) of 3% throughout the forecast period.
Leading to a growth in demand for these coatings in the food processing sector, the industrial floor coating market is expanding significantly. In addition, rapid urbanization growth and expanded government efforts to provide better manufacturing facilities in developing economies are improving the demand for industrial floor coatings.
The aim of the report is to estimate the size of the market for Industrial Floor Coating and the future growth potential of the market for Industrial Floor Coating across various segments, such as type and application.
The base year considered for the analysis is 2019 and from 2020 to 2028 the market size is estimated. Factors such as rising demand in the Asia-Pacific region, growth in the healthcare sectors and other construction sectors are the key drivers of the Industrial Floor Coating market in the coming years.
The global industrial floor coating market is led by a growth in demand for chemical-resistant and tensile strength flooring. However, the global industrial floor coating market is being slowed by high raw material prices and the enforcement of strict government restrictions on the use of these coatings in the food industry. Growing infrastructure and commercial construction, though, is generating prospects for the global demand for industrial floor coating. Due to the increase in industrialization and commercialization by developing economies, Asia Pacific is projected to account for the largest share of the global industrial floor coating market during the forecast period.
Industrial Floor Coating Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||US$ 7 billion|
|Growth Rate||CAGR of 3 % during 2022-2031|
|Segment Covered||By Binder Type, By End-Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||PPG Industries, Inc., AkzoNobel N.V., The Sherwin-Williams Company, BASF SE, RPM International Inc., The 3M Company, The Daw Group, The Lubrizol Corporation, Asian Paints PPG Pvt. Ltd., Axalta Coating Systems Ltd., and The Dow Chemical Company|
Key Segments of the Global Industrial Floor Coating Market
Product Overview, 2018-2028 (USD Million)
- Epoxy cementitious
- Methyl Methacrylate (MMA)
Application Type 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Important Companies in Global Industrial Floor Coating market
- BASF SE
- Sherwin Williams
- PPG Industries
- Axalta Coating System
- Kansai Paints
- Asian Paints
- BASF SE
- CPC Floor Coatings
- Sika AG.
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of floor coating Market Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Industrial Floor Coating Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on solution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Industrial Floor Coating Market. The report will benefit: Every stakeholder involved in the Industrial Floor Coating Market.
- Managers within the field service management industry looking to publish recent and forecasted statistics about Industrial Floor Coating Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Industrial Floor Coating Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies