Industrial Coatings Market Highlights:
The market of industrial floor coating around the world is growing rapidly. Factors such as modern retailing and increase in demand for commercial and manufacturing segment are driving the demand for industrial floor coating market. The limitations of concrete flooring result in the wide acceptance of floor coatings. Additionally, offering a joint-free, and seamless finish with no cracks, to restrict the entry of dirt and bacteria, are some of the factors driving the industrial floor coating market. Moreover, Resistance to dirt and water make it a flooring method that can be installed directly over the floor without requiring demolition.
Industrial floor coating market is growing in Asia-Pacific, with China and India expected to be the most promising markets. The main driving factors of the market in the Asia-Pacific region are industrialization in developing economies with hygiene requirements. The lack of awareness about industrial floor coating among end-users, however, is a major restraint in the market.
Top Manufacturers Analysis:
BASF SE (Germany), Asian Paints PPG Pvt Ltd. (Mumbai), PPG Industries Inc. (U.S.), 3M Company (U.S.), A&I Coatings Pty Ltd (Australia), Nora System, Inc. (Germany),The Dow Chemical Company (U.S.) and CPC Floor Coatings (U.S.).
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Industrial Coatings Regional Analysis:
Asia-Pacific is the fastest and largest growing nature due to rise in the number of construction activities and the increase in industrialization in emerging economies such as China and India. Moreover, offering joint-free and seamless finish to avoid cracks or crevices that harbor dust, dirt and bacteria, is another factor contributing to the market growth.
North America market has seen technological advancements in commercial and educational industries. By material type, Terrazzo has gained importance owing to its significant properties such as high-durability, cost effectiveness, hygiene and easy maintenance. The product shows higher demand from schools, hospitals, commercial buildings and government buildings.
Market Research Future Analysis:
Low cost and the rise in demand for anti-bacterial flooring are some of the factors driving the growth of the industrial floor coating market. Disposal of waste, environmental & health related issues and fluctuating prices of raw materials are some of the factors hampering the market of the industrial floor coating market.
Besides properties such as easy-clean and maintenance, reduced noise levels is causing the boom of the market. Currently, Asia-Pacific is leading the market of industrial floor coating market. Moreover, government initiatives such as “Make in India”, is leading to the growth of the manufacturing sectors which will open new avenues for the industrial floor coating market in India. Increasing Foreign Direct Investments along with the growing employment in China, Taiwan and South Korea will support the regional demand.
Study Objectives of Industrial Floor coating Market.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the industrial floor coating market
- To provide insights about factors affecting the market growth
- To analyze the Industrial floor coating markets market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries North America, Europe, Asia, and Rest of the World (ROW)
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- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
The report for Global Industrial Floor Coating Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advance Industrial flooring, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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