Geographically, Asia-Pacific is largest consumer of Floor Coatings with more than 35% of market share in Global Floor Coatings Market. Huge investment in building and construction along with infrastructure development has fueled the demand for Floor Coatings in coming years. China is major revenue generating country due to growing construction activities which leads to decorative floor coating in various industries. Europe & North America accounts for second and third market share respectively.
The report for Global Floor Coatings Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also provides details information and strategies of the top key players in the industry along with giving detail about different market segments and regions.
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Study Objectives of Floor Coatings Market:
To study market overview of Floor Coatings.
To estimate market size by Types, by Application and Region.
To provide insights about market drivers, restrains and opportunities of Floor Coatings market.
To provide geographical market analysis and outlook for North America, Europe, Asia, and rest of the world (ROW).
To analyze the Global Floor Coatings Market based on various factors like supply chain analysis, Porters Five Force analysis etc.
To provide strategic profiling of key players in the market, broadly analyzing their core competencies.
To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Floor Coatings Market.
With innovation in Floor Coating, manufacturer in developed and developing regions are looking out for expansion in capacities. The key players of Global Floor Coatings Market are BASF SE (Germany), Sherwin Williams Company Inc (US), The Dow Chemical Company (US), Akzo Nobel NV (Netherlands), The Arkema Group(France), Asian Paints PPG Pvt. Ltd (India), Nora Systems Inc.(Germany), RPM Internationals Inc.(US), Maris Polymers (Europe), Tambour (Israel) and others.
According to coating component, Floor Coating is divided into 1K, 2K, 3K and others. 1K or single component contains low level of VOC and vaporizes when exposed to air. It does not require hardener, activator or catalyst. Thus, single component is eco-friendly is fastest growing segment owing to government policies regarding usage of eco-friendly products. 2K or “two components” is widely used with hardener, activator or catalyst to prevent it from chemicals, weather and UV rays. Water based 2K polyurethane systems provides curing and hardness which is top preferred choice in residential, commercial and industrial applications.
Based on End User, Floor Coatings in segmented into residential, commercial and industrial. The growing construction and infrastructure development in countries like china and India has boosted the demand for floor coatings in coming years. Increasing demand from multinational companies for decorative coatings is expected to boost the demand for Floor Coatings in near future. Innovation in floor coatings is major opportunity for many manufacturers to increase their production capacity.
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