Floor Paints Market Scope
Floor paints are tough, protective layers used in corrosion wear surfaces. Floor paints are typically used in warehouses, chemical plants, and manufacturing floors to brighten or define areas facilities, mark traffic aisles, route traffic, cover stained concrete. Floor paints are long-lasting, protective in nature, gives strength to the floor, are easy to maintain, and are cost-effective. Floors paints are darker in color than wall paints.
The Floor Paints market study is segmented by Type (Coating, Ceramic Coating, Primer, Base Coat and Others) and major geographies with country level break-up.
Global Floor Paints is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
PPG (United States), The Sherwin-Williams Co. (United States), AkzoNobel (Netherlands), Nippon Paint Holdings Co. (Japan), RPM International Inc. (United States), Axalta Coating Systems (United States), BASF Coatings (Germany), Kansai Paint Co. Ltd. (Japan), Asian Paints Ltd. (India) and Jotun (Norway) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Floor Paints market by Type, Application and Region.
On the basis of geography, the market of Floor Paints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 22nd February 2021, PPG acquired coatings manufacturer VersaFlex. VersaFlex specialized in polyurea, epoxy, and polyurethane coatings which are used for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications.
On 29th September 2020, PPG launches a Comprehensive Line of flooring coatings. The flooring coatings include prime cost, base coats, and topcoats. It also provides optimum performance based on the specific work environment.
According to Occupational Safety and Health Administration (OSHA) Floor Marking Guidelines, “Where mechanical handling equipment is used, sufficient safe clearances shall be allowed for aisles, at loading docks, through doorways and wherever turns or passage must be made. Aisles and passageways shall be kept clear and in good repair, with no obstruction across or in aisles that could create a hazard. Permanent aisles and passageways shall be appropriately marked.”
- Growing Consumer Demand for the Protective and Glossy Surface Paints
- Rapid Industrialization coupled with Growing Construction Activities
- Rising Applications of Floor Coating in Residential and Commercial Sectors
- Rising Government Spending on Infrastructure Activities can create Opportunities for Floor Paints Market Growth
- Fluctuations in Raw Material Prices can hamper the Floor Paints Market Growth.
- Stringent Guidelines on the Handling Process of the Floor Paints
Key Target Audience
Floor Paints Manufacturers, Floor Paints Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.2. How big is the Floor Paints Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.