The Industrial Floor Coating Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Floor Coating Global Market Report 2024, The industrial floor coating market size has grown strongly in recent years. It will grow from $5.53 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in industrial expansion, rise in safety and durability, increased chemical resistance, demand for easy maintenance, rise in compliance with regulations.
The industrial floor coating market size is expected to see strong growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising sustainability, increasing demand for hygienic surfaces, increasing use in industrial applications, growing pharmaceutical and healthcare industry, increasing pharmaceutical and healthcare. Major trends in the forecast period include sustainable coating solutions, high-performance epoxy coatings, decorative floor coatings, decorative floor coatings, fast-curing technologies.
The industrialization of floor coatings globally is significantly contributing to the growth of the industrial floor coating market. Industrial floor coatings 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 in infrastructure development for industrialization and urbanization. So, growing industrialization will drive the industrial floor coating market.
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The industrial floor coating market covered in this report is segmented –
1) By Resin Type: Epoxy, Polyurethane, Hybrid, Other Resin Types
2) By Flooring Material: Concrete, Mortar, Terrazzo, Other Flooring Material
3) By Technology: Water-Borne, Solvent-Borne
4) By Component: One-Component, Two-Component, Three-Component, Four-Component
5) By End-Use Sector: Manufacturing, Aviation & transportation, Food processing, Science & technology, Other End-User Sector
New product launches are a key trend in the industrial floor coating market. Companies are launching innovative and improved coating products to increase their customer base and revenues. For example, in 2021, Sika Group, a Swiss specialty chemical company, launched a new technology for ESD coatings. Sikafloor-2350 ESD is a protective dissipative self-leveling system for concrete or cement screeds that is especially suitable for areas with low electrostatic charge requirements. In 2021, Unilin Technologies launched the Unicoat waterproof coating for flooring.
The industrial floor coating market report table of contents includes:
- Executive Summary
- Industrial Floor Coating Market Characteristics
- Industrial Floor Coating Market Trends And Strategies
- Industrial Floor Coating Market – Macro Economic Scenario
- Global Industrial Floor Coating Market Size and Growth
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- Global Industrial Floor Coating Market Competitive Benchmarking
- Global Industrial Floor Coating Market Competitive Dashboard
- Key Mergers And Acquisitions In The Industrial Floor Coating Market
- Industrial Floor Coating Market Future Outlook and Potential Analysis
- Appendix
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