Industrial Floor Coating Market: Information by Binder (Epoxy, Polyaspartic, Polyurethane,  Acrylic, Methyl Methacrylate, and Others), by Flooring Material (Concrete, Mortar, and Terrazzo), by Application (Industrial, Commercial, and Residential), Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)—Forecast till 2025

Market Synopsis

Industrial Floor Coating Market is projected to reach USD 7.35 billion in terms of value by 2025, growing with the CAGR of over 5.08% during the review period. The industrial floor coating products enhance the performance of floors in industrial and commercial areas by improving the durability of concrete and other flooring materials.

Expanding the construction industry in the developing markets of Asia-Pacific and the Middle East & Africa with the rise in residential and commercial construction has fueled the demand for industrial floor coating. Its ability to protect concrete from moisture, grease, cracks, and stain, as well as enhance floor durability makes it an ideal application.

Growing urbanization with rising per capita disposable income and improving living standards is another critical factor driving the residential construction activities, thus global industrial floor coating market. Such as Indian government such as Smart Cities Mission, Green Corridor, the building of ports, and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for infrastructure development have led to a rapid increase in construction activities. In December 2016, the Thailand government approved approximately USD 25.2 billion for infrastructure plan for 2017, which includes railways, roads, and ports.

Moreover, public sector investment in commercial construction projects has increased the construction of commercial buildings such as warehouses, departmental stores, malls, and hospitals are also supporting the growth of the construction industry in the developing markets. The rapidly growing construction industry in the markets in the Middle East & Africa due to the shift from an oil-based economy to industrial development together with increasing investment in big infrastructure projects, mainly hospitality and manufacturing sector, is likely to drive the demand for industrial floor coating in the coming years.

Key Players

Some of the leading players in the global industrial floor coating market BASF SE (Germany), PPG Industries Inc (US), Sika AG (Switzerland), 3M (US), A&I Coatings (Australia), CPC Floor Coatings (US), Watco Group (Singapore), Asian Paints PPG Pvt Ltd. (India), Henkel AG & Co. KGaA (Germany) and MAPEI (Italy). Global players are expanding their production capacity to achieve competitive advantage.

Intended Audience

Industrial floor coating manufacturers

Traders and distributors of Industrial Floor Coating chemicals

Research and development institutes

Potential investors

Raw material suppliers

Nationalized laboratories

Regional Analysis

The global industrial floor coating market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

North America industrial floor coating market is significantly growing owing to high US spending on construction & infrastructure. Revenue from the construction industry crossed USD 1 trillion in 2016–17 and is expected to reach USD 1.7 trillion by 2020. This market growth can be attributed to the increase in residential construction with the growing need for single-family dwellings coupled with the prevalence of low mortgages in the country. Such trends have significantly driven the regional industrial floor coating market during the forecast period.

The Asia Pacific is the fastest growing market, an increase in the number of construction projects has positively influenced the paint & coatings industry, thus favoring industrial floor coating market growth. In addition, increasing government funding and investment in the pharmaceutical sector is supporting the market growth industrial floor coating solvents. Further, the rise in the application of industrial floor coating additive in adhesive and sealants for packaging is fueling market growth.

Europe industrial floor coating market is projected to grow exponentially owing to an increase in the application of industrial floor coating commercial space such as manufacturing, food processing, parking plot, and office areas, among others
The Middle East & Africa and Latin America region are likely to witness steady growth due to increasing investment in construction owing to growing tourism in the region.

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Market Segmentation

The global industrial floor coating market has been segmented based on binder, flooring material, application, and region. Based on binder, the global market has been divided into epoxy, polyaspartic, polyurethane, acrylic, methyl methacrylate, and others. Based on the flooring material, the global industrial floor coating market has been categorized as concrete, mortar, and terrazzo. The concrete segment is the fastest growing market, which is expected to grow at a significant rate. Application segment comprises of industrial, commercial, and residential. The residential segment held the largest market share of global industrial floor coating market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology