Industrial Floor Coatings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Resin Type (Polyurethanes, Acrylic, Polyesters, Epoxy, Fluoropolymer, Alkyd and Others), By Flooring Material (Concrete, Mortar, Terrazzo, Others), By Component Type (One-Component, Two-Component, Three-Component, Four-Component, Five-Component), By Technology (Water-based, So
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndustrial Floor Coatings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Resin Type (Polyurethanes, Acrylic, Polyesters, Epoxy, Fluoropolymer, Alkyd and Others), By Flooring Material (Concrete, Mortar, Terrazzo, Others), By Component Type (One-Component, Two-Component, Three-Component, Four-Component, Five-Component), By Technology (Water-based, So
In 2022, the degree of urbanization worldwide was at 57 percent.
Industrial floor coating is a transparent, liquid substance applied to the floor and dries to form a walking surface. It is described as a thin coating applied to the floor structure to guard against exposure and dangerous substances. There are several types of industrial floor coatings found at in the market, including epoxy, polyurethane, acrylic, and others. Epoxy coatings are the most commonly used industrial floor coatings due to their excellent adhesion, chemical resistance, and durability. Polyurethane coatings are also gaining popularity due to their high resistance to abrasion and chemicals. Industrial floor coating adds aesthetic value and offers abrasion and anti-skid protection. These coatings provide maintenance, repair, and protection options for various commercial and industrial flooring requirements while resisting abrasion and chemicals. Industrial floor coatings can provide environmentally friendly ways to enhance the functionality of the floors in commercial and industrial buildings by lengthening the lifespan of the concrete and other flooring components. Enterprises emphasize performance, labor savings, and environmentally friendly raw materials as key growth areas. The market for industrial floor coatings is primarily driven by the growing demand from various end-use industries such as automotive, food and beverage, pharmaceuticals, chemical processing, and others. These coatings provide a range of benefits such as improved durability, abrasion resistance, slip resistance, and ease of maintenance. They also enhance the appearance of the surface, making it more aesthetically pleasing. The Industrial Floor Coatings market is expanding rapidly. Over the next few years, the market is anticipated to grow due to increased R&D spending and continued product development to improve the performance of Industrial Floor Coatings. Another factor driving the growth of the industrial floor coatings market is the increasing focus on sustainability and eco-friendliness. Many manufacturers are now offering low-VOC and solvent-free coatings that are environmentally friendly and comply with strict regulations. These coatings also offer excellent performance and durability, making them an attractive option for many industries.
Download Free Sample Report Growing Demand from The Construction Industry
For instance, according to the United Nations Department of Economic and Social Affairs, 2.5 billion people, or 68% of the global population, will live in urban areas by 2050.
Growing Technological Advancement
As per growing technological development, there has been a variety of floor coating developed that could be used based on the end user's demand. Poly aspartic coatings are a type of coating that offers excellent durability and chemical resistance. They are also fast-curing, which means that they can be applied quickly and efficiently. Recent advancements in poly aspartic coatings have focused on improving their UV resistance and color stability, making them ideal for use in outdoor applications. Poly aspartic coatings are aliphatic polyurea coatings. Similarly, Nanotechnology is being increasingly used in the development of industrial floor coatings. Nanoparticles can be added to coatings to improve their performance properties, such as scratch resistance and UV stability. They can also be used to create self-cleaning surfaces that are resistant to dirt, dust, and other contaminants. Four flooring coating systems are found at, including general-purpose industrial floor coating, wear-resistant industrial floor coating, chemical-resistant industrial floor coating, urethane cement, and additional custom options on request that coating manufacturers can develop. The rising importance of technological advancement helps in the appropriate use of layers, ensuring safety and welfare along with optimized material consumption. Hence, enhancing the productivity and aesthetic look in the arena.
Recent Developments
- In 2019,
Sherwin-Williams acquired the Valspar Corporation, a major manufacturer of industrial
coatings. This acquisition has enabled Sherwin-Williams to expand its product
offerings and strengthen its position in the industrial coatings market.
Product Launch
- In 2021,
Sherwin-Williams launched Resuscreed 43, a high-performance polyurethane resin
flooring system. The product offers excellent chemical resistance and is ideal
for use in demanding industrial environments.
- In 2020, PPG
launched Aquapon WB EP, a water-based epoxy coating that offers excellent
adhesion and durability. The product is free from harmful chemicals, making it
an environmentally friendly option for industrial flooring.
- In 2018, Sika
launched Sikafloor-264 Thixo, a high-performance epoxy coating that offers
excellent chemical and abrasion resistance. The product features a thixotropic
formulation, making it easy to apply to vertical surfaces and overhead areas.
Capacity Expansions
- In 2020, PPG
announced plans to invest $15 million to expand its coatings manufacturing
facility in Greenville, South Carolina.
- In 2019,
AkzoNobel opened a new production plant in India to produce its international
brand of protective coatings. The plant has a production capacity of 20,000
tons per year and produces a range of coatings, including high-performance
industrial floor coatings.
- In 2018, BASF opened a new production plant in Indonesia to meet the increasing demand for its industrial coatings in the Asia-Pacific region. The plant has a production capacity of 60,000 tons per year and produces a range of coatings, including epoxy and polyurethane coatings.
Market Segmentation
Global Industrial Floor Coatings market is segmented by resin type, flooring material, component type, technology, and end-user. Based on resin type, the market is segmented into polyurethanes, acrylic, polyesters, epoxy, fluoropolymer, alkyd, and others. Based on the flooring material, the market is segmented into concrete, mortar, terrazzo, and others. Based on component type, the market is segmented into one-component, two-component, three-component, four-component, and five-component. Based on the end user, the market is segmented into transportation, general industrial, packaging, marine, aerospace, industrial wood, and others.
Market players
Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc, Dow Chemical Company, Nora System GmbH, Asian Paints Ltd, Milliken & Company, Nippon Paint Holdings Co., are some of the key market players.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report
Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
Covered |
Resin Type Flooring Material Component Type Technology End User |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South
Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
Akzo
Nobel N.V., The Sherwin-Williams Company, PPG Industries, Inc, Dow Chemical Company, Nora System GmbH,
Asian Paints Ltd, Milliken & Company, Nippon Paint Holdings Co., Ltd, 3M
Company, and BASF SE |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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