The advancement in technology and increasing industrialization and implementation of safety measures for workers and the general public
The global anti-slip coating market size is projected to reach nearly USD 210.4 million by 2028. Additionally, the market is forecasted to grow a CAGR of above 5.2% over the forecast period of 2020-2028. Construction floors and marine decks are two of the most common applications for anti-slip coating. Anti-slip coatings are most often used on construction floors across the world. These coatings are intended to prevent accidents caused by sliding, tripping, or falling. Construction flooring is predicted to rise due to demand for anti-slip coatings from end-use sectors such as commercial, residential, and industrial construction. Due to qualities such as high adhesion, flexibility, solvent resistance, hardness, and wear and tear strength, epoxy resin is frequently utilized as protective and performance coatings.
The report also outlines the various characteristics of the global Anti-Slip Coating industry by assessing the market from value chain analysis. Moreover, the Anti-Slip Coating market report comprises various qualitative parts of the Anti-Slip Coating industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The anti-slip coating market has huge competition amongst the already well-known and new market players. Also, the Anti-Slip Coating industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
It is primarily a thermosetting resin that cures to an irreversible hardness. Epoxy resins are utilized in industrial flooring because they create a durable and sturdy walking surface. They're employed in industries where slip-and-fall incidents are more common. The total protection and performance coatings market determines the growth of the epoxy-based anti-slip coatings industry. Epoxy coatings have traditionally been applied as solvent-borne solutions. Water-borne coatings, on the other hand, are becoming more popular as environmental concerns grow.
In terms of both production and consumption, APAC is one of the most promising markets for anti-slip coatings. It is the most appealing market in the world due to the abundance of raw materials and strong local demand. The area is home to the world's two most populous countries, China and India, which together account for more than a third of the world's population. Anti-slip coatings are projected to become more popular in the region as the construction and industrial sectors expand. To address expanding demand from both local and international markets, PPG Industries (US) developed a merger and acquisition strategy. The firm bought Crown Group, a coating firm, in October 2017. Crown Group is one of North America's major component and product finishers.
The major players of the global Anti-Slip Coating 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). The major players in the market comes up with some of the developments to enhance the market growth in the global industry.
Segment Overview of Global Anti-Slip Coating Market
Type Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- Construction flooring
- Marine deck
Resin Overview, 2018-2028 (USD Billion)
- Polyaspartic & acrylic
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America