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Industrial Floor Coating Market | Covid-19 Impact Analysis
The Industrial Floor Coating Market is Segmented by Resin Type (Epoxy, Polyurethane, Hybrid, and Others), by Flooring Material Type (Concrete, Mortar, Terrazzo, and Others), by Coating Component Type (One-Component, Two-Component, Three-Component, Four-Component, and Five-Component), by Application Type (Manufacturing, Food Processing, Aviation & Transportation, Warehousing, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Industrial floor coating market is likely to witness an impressive CAGR of 5.2% during the forecast period. The prime factor contributing to the demand for industrial floor coatings is mainly the high growth of industrial and commercial construction industries across the world. Advantages of industrial floor cleaning products such as low maintenance cost, moisture resistance, corrosion resistance, and cost effectiveness are the other factors that are driving the growth of the market. Increasing demand for industrial floor coating products from manufacturing, aviation, and transportation sectors is also propelling the market growth.
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Industrial Floor Coating Market – Snapshot |
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Growth |
5.2% for the next five years |
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Major Resin Type |
Epoxy |
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Dominant Application Type |
Manufacturing |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
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 |
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Based on the resin type, the market is segmented as epoxy, polyurethane, hybrid, and others. The epoxy segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Superior properties such as excellent adhesion, high mechanical strength, and improved chemical resistance are benefitting its rising demand in the manufacturing sector.
Based on the application type, the industrial floor coating market is segmented as manufacturing, food processing, aviation & transportation, warehousing, and others. The manufacturing segment dominates the market, owing to rapid industrialization in emerging economies offering attractive opportunities to increase production capacity.
In terms of regions, Asia-Pacific is estimated to be the largest market for industrial floor coating products during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is mainly driven by the growing construction and manufacturing sectors in the major economies of the region. Strong presence of manufacturing companies in the region is stimulating the product demand. Numerous applications of industrial floor coatings in food processing, heavy equipment & machinery, logistics & warehouse, and chemical industries is boosting the further growth of the region.
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Some of the major players in the industrial floor coating market are-
Industrial floor coating is a liquid, transparent material that is applied over the floor, which hardens when dried to provide a walking surface. It is defined as a thin layer of coating on the floor structure to protect the floor from exposure and harmful chemicals. Industrial floor coating contributes to the aesthetic appeal and provides anti-skid and abrasion protection. These coatings provide resistance to abrasion and chemicals and offer maintenance, repair, and protection solutions for a wide range of flooring requirements in commercial and industrial sectors. Industrial floor coatings also offer sustainable solutions to improve the performance of the floors in the commercial and industrial buildings by increasing the durability of concrete and other flooring materials.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Industrial Floor Coating Market Research Report – Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The industrial floor coating market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The industrial floor coating market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.
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 are among the key players in the industrial floor coating market.
Asia-Pacific is expected to be the largest industrial floor coating market during the next five years.
The epoxy segment is expected to remain dominant in the industrial floor coating market in the coming years.
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