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  • Industrial Floor Coating Market Growth Analysis | 2023-2028

    Industrial Floor Coating Market Growth Analysis | 2023-2028

    Industrial Floor Coating Market Growth Analysis | 2023-2028
    Report code - SRAM480 Delivery - 2 Weeks
    Industrial Floor Coating Market Size, Share, Trend, Forecast, & Industry Analysis &nda See more...

    Market Insights

    The industrial floor coating market was estimated at USD 5.41 billion in 2022 and is likely to grow at a CAGR of 5.12% during 2023-2028 to reach USD 7.33 billion in 2028.

    Industrial-Floor-Coating-Market-Size

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    What is industrial floor coating?

    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.

    Industrial Floor Coating Market Highlights

    Market Size in 2028

    USD 7.33 Billion

    Market Size in 2022

    USD 5.41 Billion

    Market Growth (2023-2028)

    CAGR of 5.12%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the major players in the industrial floor coating market are-

    • 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.
    • The Dow Chemical Company

    Market Dynamics

    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.

    Industrial-Floor-Coating-Market-Snapshot

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    Segments Analysis

    By Resin Type

    The market is segmented as epoxy, polyurethane, hybrid, and others. The epoxy segment held the largest share of the market in 2022, 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.

    By 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.

    Regional Analysis

    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.

    Industrial-Floor-Coating-Market-Regional-Analysis

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    Market Segmentation

    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.

    The industrial floor coating market is segmented into the following categories:

    By Resin Type:

    • Epoxy
    • Polyurethane
    • Hybrid
    • Others

    By Flooring Material Type:

    • Concrete
    • Mortar
    • Terrazzo
    • Others

    By Coating Component Type:

    • One-Component
    • Two-Component
    • Three-Component
    • Four-Component
    • Five-Component

    By Application Type:

    • Manufacturing
    • Food Processing
    • Aviation & Transportation
    • Warehousing
    • Others

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Research Methodology

    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.

    Report Features

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Industrial Floor Coating Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the resin types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The global industrial floor coating market is expected to witness an impressive growth of 5.12% 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 market.

    Asia-Pacific is expected to be the largest market during the next five years.

    The epoxy segment is expected to remain dominant in the market in the coming years.

    The manufacturing segment dominates the market.

    High growth of industrial and commercial construction industries across the world are the factors driving the growth of the market.

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