Industrial Floor Coating Market Price Trend, Competitive Market Share & Forecast, 2016 – 2024

Global industrial coating floor market share is fragmented with numerous key players including PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel N.V., BASF SE, RPF International Inc, 3M Company and Dow Chemicals Inc.   

Rapid industrialization across the globe and increasing production facilities will create new opportunities for the product demand. Increase in preference for superior finishing ability, high mechanical strength and high chemical & temperature resistance has encouraged the product penetration. Increasing industrial activities along with rising economic conditions globally has positively influenced the industry.

Potential outlook in food & beverages equipment industry will support the product development. Global food & beverages market will grow at over 6% up to 2024 This growth is attributed to the increasing levels of hygiene, contamination, quality and purity of products.

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Key trending factors driving industrial floor coating market growth to 2024 include high disposable income, growth in modern retailing and increase in the demand for commercial and manufacturing projects. Refinery, coal, cement, fertilizers, crude oil and steel industry expansion particularly in the emerging economies will support the industry growth.

In the binder segment, epoxy market will witness significant gains, with the CAGR over 3%. Rapid industrialization and urbanization coupled with technological advancement in industrial activities will drive the industry growth. High flexibility, adhesion, superior chemical and solvent resistance are some of the substantial properties fueling the product demand.

Polyaspartic binders offers better protection from UV rays, abrasion resistance and prevention from wear. China epoxy market share accounts for more than 50% of the overall industry in 2015, with a CAGR exceeding 5% up to 2024.

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U.S. terrazzo market generated approximately USD 800 million in 2015. Technological advancements in commercial and educational industries are the factors propelling industry growth. Terrazzo has gained increased importance in the recent years, owing to its significant properties including high-durability, no shrinkage, cost effective, no bacteria growth and easy maintenance. The product witnessed high demand from schools, hospitals, commercial buildings and government buildings.

North America industrial floor coating market is estimated to witness high growth in the forecast period, Continued income growth and a developed economy will boost the U.S. industrial floor coating market size. Necessity to improve the chemical resistance, abrasion resistance and ease in use have enhanced the industrial floor coating usage in production facilities, warehouses and processing plants.

Everchanging political and economic conditions has widely influenced the Latin America industrial floor coating market growth. Regulatory compliance and rising manufacturing activities in Brazil and Mexico will support the regional industry growth.

Global industrial coating floor market share is fragmented with numerous key players including PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel N.V., BASF SE, RPF International Inc, 3M Company and Dow Chemicals Inc. Other prominent players include Nora System Inc., Lubrizol Corporation, and Maris Polymer S.A., ArmorPoxy, CPC, Apurva India Pvt Ltd.
 

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