The global industrial floor coating market size is expected to grow from $4.91 billion in 2021 to $5.13 billion in 2022 at a compound annual growth rate (CAGR) of 4.59%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global industrial floor coatings market size is expected to reach $6.21 billion in 2026 at a CAGR of 4.86%.
What is the Global Industrial Floor Coating Market?
The industrial floor coating market consists of sales of industrial floor coating by entities (organizations, sole traders, and partnerships) that manufacture industrial floor coatings. Floor coatings are tough, protective layers used in applications where heavy surface wear or corrosion is expected. Typical applications include chemical plants, warehouses, and manufacturing floors. Floor coatings are also used to brighten or define areas of facilities.
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What drives the Global Industrial Floor Coating Market?
The growing industrialization globally in floor coating is significantly contributing to the growth of the industrial floor coating market. Industrial floor coating are designed to meet the highest industry standards in chemical and corrosion resistance. These coatings are used in chemical plants, warehouses, and manufacturing floors. For instance, Asian countries are expected to invest $9 trillion for infrastructure development of industrialization and urbanization. So, growing industrialization will drive the industrial floor coating market.
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Global Industrial Floor Coating Market Segments
The global industrial floor coating market is segmented:
By Resin Type: Epoxy, Polyurethane, Hybrid, Others
By Flooring Material: Concrete, Mortar, Terrazzo, Others
By Technology: Water-Borne, Solvent-Borne
By Component: One-Component, Two-Component, Three-Component, Four-Component
By End-Use Sector: Manufacturing, Aviation and Transportation, Food Processing, Science and Technology, Others
By Geography: The regions covered in the industrial floor coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global industrial floor coating market.
Industrial Floor Coating Global Market Report 2022provides market size and growth forecasts for the global industrial floor coating market, global industrial floor coating market share, industrial floor coating market segments and geographies, industrial floor coating market competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial floor coating market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Industrial Floor Coating Industry Playersinclude PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, The Dow Chemical Company, Asian Paints PPG Pvt Ltd, Nora system inc, RPM International, The Daw Group, CPC Floor Coatings, Cipy Polyurethanes Pvt. Ltd, Apurva India Private Limited, Armorpoxy, Axalta Coating Systems Ltd., Conren Ltd., Florock Polymer Flooring, Grand Polycoats, Michelman Inc., and Rpm International Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
