Industrial Floor Coating Market

Industrial floor coatings are the products that can be applied on floor structures to enhance the performance of floors in industrial and commercial areas by improving the durability of concrete and other flooring materials. Industrial floor coatings offer several benefits such as increased durability, abrasion resistivity, easy movability, ease of maintenance, and protection against harmful chemicals, and better finishing of floors. These floor coatings are widely used across various industries such as automotive, electronics, chemical, food and beverage facilities, warehouses, parking garages, and other industries. The global market for industrial floor coatings has been segmented on the basis of resin type (epoxy, polyurethane, hybrid, and others), flooring material (concrete, mortar, terrazzo, and others), coating component (one-component, two-component, three-component, four-component, five-component), technology (water-borne and solvent-borne), end-use sector, and by geographical region.

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The growing demand of industrial floor coatings in a wide range of industries and commercial infrastructures, including manufacturing, aviation, transportation, food & beverages, car parking infrastructures, hospitality, healthcare, and public safety sectors is primarily driving the growth of the market. The rising demand for floor coatings in industries owing to its beneficial properties including long-term performance, low maintenance cost, moisture resistant, corrosion-resistant, cost-effectiveness, and increased aesthetic value is expected to augment to create various growth opportunities in the market. Moreover, continuing economic development, along with high government investments to develop the manufacturing sector across the world, are some of the factors driving the global industrial floor coatings market. Increasing demand for floor coatings in the industries, where high chemical resistant and tensile strength flooring is required, is further propelling the growth of the market. However, the inconsistent price of raw materials is anticipated to hamper the growth of the industrial floor coating market during the forecast period. The manufacturing industry is being significantly affected due to the COVID-19 pandemic, thereby restraining the growth of the industrial floor coating market.

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Based on resin type, the market is segmented into epoxy, polyurethane, hybrid, and others that includes, alkyd and acrylic. The epoxy segment is expected to grow at a higher CAGR during the forecast period owing to a huge demand in industrial sites, warehouses, and commercial buildings flooring. Additionally, it offers high-performance, anti-skid surface floor, smooth, high-gloss and hard-wearing durable surface when applied over concrete floors. Epoxy floor coatings are widely utilized in industries including automobile industries, power plants, pharmaceutical industries, nuclear power plants, moulding industries, and food industries owing to its high resistance to temperature and degradation caused by moisture, acids, and other impacts.

Based on the flooring material, the market is segmented into concrete, mortar, terrazzo, and others, including asphalt and previously coated. The concrete segment is anticipated to witness a higher CAGR during the forecast period. This can be attributed to various benefits offered by concrete flooring that includes durability, inexpensiveness, easy maintenance, design flexibility, resistance to dampness, adequate stiffness. Moreover, concrete material is extremely resilient and can withstand heavy furniture, high temperature, the risk of scratches on its surface due to which it is used in industrial environments and commercial establishments.

Based on end-use sector, the market is segmented into manufacturing, aviation & transportation, food processing, science & technology, and others including car parks, hospitality, healthcare, and fire & public safety sectors. The manufacturing segment is expected to dominate the market during the forecast period. This is mainly due to the surge in the number of manufacturing facilities and factories in various manufacturing industries including electronic industry, mechanical industry, energy industries, plastic industry, metalworking industries, telecommunications industries, and chemical industries.

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Based on the region, Asia-Pacific region is projected to grow at a higher CAGR during the forecast period due to the rapidly growing manufacturing, infrastructural & construction, electronics, and automotive industries in the region. Rise in per capita disposable incomes, rapidly increasing middle-class population, and the huge number of small and medium scale manufacturing industries are expected to accelerate the demand for industrial floor coating in the region.

Various notable players operating in the global industrial floor coating market include BASF SE, Daw SE Group, PPG Industries, Inc., Akzo Nobel N.V., 3M Company, RPM International Inc., The Sherwin-Williams Company, Axalta Coating Systems, LLC, The Lubrizol Corporation, Asian Paints Ltd., Sto SE & Co. KGaA,  and Bona AB among others.

 Key Developments: 

• • Akzo Nobel N.V. acquired Mauvilac Industries Limited, one of the leading paints and coatings companies in Mauritius, Africa. This acquisition includes the local production facility, four concept stores, and a strong distribution network of Mauvilac Industries Limited. This acquisition is anticipated to strengthen AkzoNobel’s customer reach in the African market.
  • In 2020, Bona AB, a company that offers products for installing, renovating, maintaining, and restoring premium floors, has launched Excimer technology as part of its industrial coating offerings. This new curing technology will deliver a wood parquet flooring with improved scratch and chemical resistance, improved appearance, smoother, and more matte floor surface. This launch of floor coating product will enhance the product portfolio of the company.
  • In 2019, Sto SE & Co. KGaA, one of the prominent international manufacturers of products and systems for building and floor coatings dacquire 50.1% company shares of VIACOR Polymer GmbH, a Germany based company that offers industrial floors and sports floor coatings under the PORPLASTIC brand. This axquisition is expected to effectively expand the product portfolio of Sto SE & Co. KGaA in the industrial floor coating market.

The global industrial floor coating market has been segmented on the basis of resin type, flooring material, coating component, technology, end-use sector, and region. Based on resin type, the market is segmented into epoxy, polyurethane, hybrid, and others. Based on flooring material, the market is segmented into concrete, mortar, terrazzo, and others. Based on coating component, the market is segmented into one-component, two-component, three-component, four-component, and five-component. Based on technology, the market is segmented into water-borne and solvent-borne. Based on end-use sector, the market is segmented into manufacturing, aviation & transportation, food processing, science & technology, and others.

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Key questions answered in this research report:

• • At what pace is global industrial floor coating market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in industrial floor coating market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global industrial floor coating market?
  • Which resin type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use sectors of global industrial floor coating market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Resin Type, By Flooring Material, By Coating Component, By Technology, By End-Use Sector, and By region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Daw SE Group, PPG Industries, Inc., Akzo Nobel N.V., 3M Company, RPM International Inc., The Sherwin-Williams Company, Axalta Coating Systems, LLC, The Lubrizol Corporation, Asian Paints Ltd., Sto SE & Co. KGaA, and Bona AB among others among others; a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial Floor Coating Market by Resin Type

• • Epoxy
  • Polyurethane
  • Hybrid
  • Others

Global Industrial Floor Coating Market by Flooring Material

• • Concrete
  • Mortar
  • Terrazzo
  • Others

Global Industrial Floor Coating Market by Coating Component

• • One-component
  • Two-component
  • Three-component
  • Four-component
  • Five-component

Global Industrial Floor Coating Market by Technology

• • Water-borne
  • Solvent-borne

Global Industrial Floor Coating Market by End-Use Sector

• • Manufacturing
  • Aviation & Transportation
  • Food Processing
  • Science & Technology
  • Others

Global Industrial Floor Coating Market by Region

• • North America Industrial Floor Coating Market (Option 1: As a part of the free 25% customization)
    • North America Market by Resin Type
    • North America Market by Flooring Material
    • North America Market by Coating Component
    • North America Market by Technology
    • North America Market by End-Use Sector
    • US Market All-Up
    • Canada Market All-Up
  • Europe Industrial Floor Coating Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Resin
    • Europe Market by Flooring Material
    • Europe Market by Coating Component
    • Europe Market by Technology
    • Europe Market by End-Use Sector
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Industrial Floor Coating Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Resin Type
    • Asia-Pacific Market by Flooring Material
    • Asia-Pacific Market by Coating Component
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by End-Use Sector
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Industrial Floor Coating Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Resin Type
    • RoW Market by Flooring Material
    • RoW Market by Coating Component
    • RoW Market by Technology
    • RoW Market by End-Use Sector
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Industrial Floor Coating Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Daw SE Group
  • PPG Industries, Inc.
  • Akzo Nobel N.V.
  • 3M Company
  • RPM International Inc.
  • The Sherwin-Williams Company
  • Axalta Coating Systems, LLC
  • The Lubrizol Corporation
  • Asian Paints Ltd.
  • Sto SE & Co. KGaA
  • Bona AB