Global Industrial Floor Coating Market Size, Trends & Analysis - Forecasts to 2026 By Resin Type (Epoxy, Polyurethane, Hybrid, Others), By Flooring Material (Concrete, Mortar, Terrazzo, Others), By Coating Component (One-Component, Two-Component, Three-Component, Four-Component, Five-Component), By Technology (Water-Borne, Solvent-Borne), By End Use Sector (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Industrial Floor Coating Market: By Resin Type
On the basis of resin type, the global industrial floor coating market is segmented into epoxy, polyurethane, and hybrid among others. In terms of volume and value, the epoxy segment is expected to hold the largest market share during the forecast period. Superior properties, such as high adhesion, impact resistance, flexibility, and resistance to chemicals and solvents are expected to propel the market growth for epoxy type during the forecast period. Also the epoxy segment is projected to be the fastest-growing segment in the global industrial floor coating market. Hybrid type is expected to grow at a significant CAGR during the forecast period. Growing demand for advanced floor coatings in manufacturing sectors is propelling the market growth for hybrid type segment.
Industrial Floor Coating Market: By Flooring Material
On the basis of flooring material, the market is segmented into concrete, mortar, and terrazzo, among others. Concrete segment is expected to hold the significant market share during the forecast period. Also the concrete segment dominates the market due to its easy installation process, cost efficiency, durability, and high tensile strength compared to other material types. Concrete is the widely used flooring material for the construction of industrial floors.
Industrial Floor Coating Market: By Coating Component
Based on coating component, the industrial floor coating market is segmented into single-component, two components, three components, four components and five components among others. Four component coating segment is dominating the market and is projected to grow at a high CAGR in terms of revenue during the forecast period. Four components coating offers various features such as: smooth, hygienic, and easy clean floor finishing among others; these are some of the major factors propelling the market growth.
Industrial Floor Coating Market: By End Use
On the basis of end-use industry, the industrial floor coating market is segmented into manufacturing, aviation & transportation, food processing, and science & technology among others. The manufacturing sector is estimated to account for the largest market share, in terms of volume, during the forecast period (2019-2026). Rise in production plants along with increase in industrialization in emerging economies are the major factors propelling the market growth for industrial floor coating. Favorable government policies along with growing investments in emerging economies such as China, India and Japan among others is expected to propel the market growth during the forecast period.
Industrial Floor Coating Market: By Region
On the bases of region, the global industrial floor coating market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Asia Pacific is expected to witness considerable growth in the industrial floor coating market during the forecast period. The expanding manufacturing sector and increasing foreign investments in the region are the major factors driving the industrial floor coating market growth. Growing industrial, infrastructural & construction, marine, and automotive industries in the region is also propelling the market growth. Europe and North America hold significant market share of the industrial floor coating due to the high demand for these coatings in aviation & transportation and food processing industries among others.
Industrial Floor Coating Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Ford motors, Boeing Co, Nestle and Samsung among others.
Industrial Floor Coating Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Industrial Floor Coating market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Industrial Floor Coating Market Share & Competitor Analysis
Some of the key players operating in the industrial floor coating market are the Sherwin-Williams Company, Akzo Nobel N.V., BASF SE, RPM International Inc, Koninklijke Dsm N.V., The Lubrizol Corporation, Asian Paints PPG Pvt. Ltd., Florock Polymer Flooring Systems, Nora System, Inc., Maris Polymers Sa, Tennant Coatings., and Grand Polycoats among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2018, Tennant Coatings launched a new range of secondary containment coatings for industrial floors and walls to protect substrates in severe industrial environments
Check the Press Release on Global Industrial Floor Coating Market Report
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The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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