Industrial Floor Coatings Gaining Popularity amid Surging Application in Manufacturing Sector: Fact.MR

Increasing industrialization in the developed economies is a key factor driving demand for industrial floor coatings. Increasing industrialization in the developed economies is a key factor drivingdemand for industrial floor coatings. Due to the outbreak of COVID-19 pandemic, the industrial floor coatings registered tepid growth, nonetheless the market's valuation stood at aroundUS$ 5Bnin 2020. Thanks to the increasing incorporation of bio-based floor coatings, the market is poised...

Increasing industrialization in the developed economies is a key factor driving demand for industrial floor coatings.

Due to the outbreak of COVID-19 pandemic, the industrial floor coatings registered tepid growth, nonetheless the market's valuation stood at around US$ 5Bn in 2020. Thanks to the increasing incorporation of bio-based floor coatings, the market is poised to expand at a positive rate during the forecast period.

Rapid adoption of bio-based floor coatings can be attributable to increasing environmental concerns. Rising focus on sustainable solutions will emerge as a chief growth driver in the coming years.

The manufacturing sector is anticipated to garner high requisition for industrial floor coatings and is forecast to post a CAGR of over 5% CAGR based on volume over the assessment period. Increasing internalization and trade volumes have been encouraging manufacturing sector growth. This will in turn fuel scope for industrial coatings applications.

Epoxy coatings are widely used in the commercial and industrial sectors for coating concrete floors. Key properties of epoxy coatings such as impact resistance, abrasion resistance and chemical resistance are fueling their demand across various end- user sectors.

The demand for epoxy industrial floor coatings is poised to expand at a CAGR of approximately 4% and reach at a market valuation of US$ 4 Billion by the end of 2031.

"Companies operating in the market are swayed by the increasing demand on sustainable solutions by consumers. Consequently, there is high focus on manufacturing bio-based industrial coatings," said a lead analyst at Fact.MR

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Key Takeaways:

Prominent Drivers

Key Restraints

Competitive Landscape

Some of the key players operating in the industrial floor coatings market profiled by Fact.MR are 3M Company, A&I Coatings, Akzo Nobel N.V, PPG Industries, BASF SE, Grand Polycoats, Florock Polymer Flooring, and Ardex Endura (India) Pvt. Ltd.

The leading players operating in the market are aiming at increasing their market share by adopting different strategies such as joint ventures, partnerships, new product launches .They are also engaging in forming strategic alliances, merger and acquisitions to broaden their global reach.

For instance,

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More Valuable Insights on Industrial Floor Coating Market

Fact.MR, in its new report, offers an unbiased analysis of the global Industrial Coating Market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on in industrial floor coating market on the basis of various criteria. These include:

Key Questions Covered In The Report

Explore Fact.MR's Coverage on the Chemical & Materials Domain –

Concrete Floor Coatings Market- Since the last decade, demand for concrete floor coatings has continuously increased due to the development of building, construction, and renovation projects. With an increase in demand for both indoor and outdoor applications, concrete floor coating producers have seen continuous growth in demand. While demand for epoxy-based coatings has risen, sales of concrete floor coatings have increased in recent years due to the expansion of the construction and building industry.

Coating Additives Market- Coating additives are becoming more and more essential to meet zero-VOC emission standards. Governments all around the world are upping the ante in their efforts to reduce carbon emissions from construction. The introduction of green coatings has ushered in a new era for the coating additives business. Green coatings are predicted to become more popular in the automobile industry in the coming years, which will aid the coating additives market's value-pool growth potential.

Coating Solvent Market- Coating solvents are additives that are utilised to provide coatings specific performance attributes and provide the needed consistency. Environmentally friendly, green, and sustainable trends have influenced regulatory changes in the coatings sector. As a result, the use of bio-based raw ingredients such as solvents in coating formulations has increased.

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