Industrial floor coating demand is driven by factors such as rapid industrialization and increasing manufacturing industries around the world. Market growth will be driven by growing product demand from small-scale enterprises and increasing investment in the manufacturing sector in the Asia Pacific and Middle East.
Adroit Market Research study on the global market for antimicrobial packaging offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global industrial floor coating market have been analyzed in depth.
In developed economies, the manufacturing sector is experiencing strong growth due to cheap labor, increasing investment, infrastructure upgrades, and support for government policies. In addition, due to numerous cost advantages and prospects, global producers are moving their production units to these economies. Due to the growing trend in the use of floor-protective materials by end-user industries, the industrial floor coatings market is expected to see strong growth.
The use of high-performance machinery & equipment is expected to increase as many end-user industries integrate technological innovation into production. This will generate the need for efficient floor protective solutions among end users. The need for smooth floors has been intensified by the implementation of high-tech material handling equipment with improved mobility. Industrial floors are vulnerable to various violations, such as abrasion, wear & tear, degradation, impacts, and chemical exposure. Industrial floor coatings provide a complete solution with much lower costs to all the above-mentioned problems; thus, more industries now prefer industrial floor coatings compared to other alternatives.
A negative effect on the overall industry and supply chain was the Covid-19 pandemic. The modern standard has been lockdowns, social distancing, closure of factories, and new rules & regulations. A huge challenge for industry stakeholders was created by the partial or full lockdown around the globe. Fluctuating prices of raw materials and a strict regulatory environment can pose challenges for players in the industrial floor coating industry.
The key players of global industrial floor coating market report include- Sherwin Williams, PPG Industries, Axalta Coating System, Kansai Paints, Asian Paints, AkzoNobel, BASF SE, CPC Floor Coatings, and Sika AG.
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