Global Floor Coatings Market Overview:
Floor coating is permanent covering of a floor which use for guarding concrete floors from abrasions and wear and tear. There are various types of floor coating including Epoxy, Thermoplastic, Thermoset and Others. Increasing housing and commercial infrastructure in Emerging Country, rising urbanization and globalization will act as key driver for global floor coating market. Epoxy coatings are usually applied over concrete floors to offer a high-performance, smooth, and durable surface that can last many years and withstand heavy loads. Another key factor that has made the concrete floor coatings popular among the consumer is the fact that defends concrete floors from harsh climatic conditions. Some of the key players profiled in the study are BASF SE (Germany), PPG Industries Inc. (United States), Akzo Nobel N.V. (Netherlands),, The Dow Chemical Company (United States), 3M Company (United States), The Sherwin-Williams Company (United States), Koninklijke DSM N.V. (Netherlands), RPM International Inc. (United States), The Lubrizol Corporation (United States), Asian Paints PPG Pvt. Limited (Mumbai), Florock Polymer Flooring Systems (United States) and Nora System, Inc. (Germany). According to Market Analyst at AMA, the Global Floor Coatings market may see a growth rate of 6.22%
On the basis of geography, the market of Floor Coatings 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). If we see Market by Coating Type, the sub-segment i.e. 1K will boost the Floor Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Floor Structure, the sub-segment i.e. Wood will boost the Floor Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Binder Type, the sub-segment i.e. Epoxy will boost the Floor Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Floor Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Globalization and Urbanization
- Rising Demand Due To Properties Such As High Mechanical Strength, High Chemical & Temperature Resistance
- High Adoption of 1K Water-Based Polyurethane
- Increase in Necessity to Protect Concrete Floors in Industrial and Commercial Facilities
- High Prices of Raw Materials as well as Energy
- Economic Downturn in Already Developed Countries
- High Demand of Architectural Coatings That Reflect the Sun Radiant Heat
- Increasing housing and commercial infrastructure in Emerging Country
- Stringent Environmental Regulation Enforced By Governments
Major Market Developments:
On April 2018, Sherwin-Williams has launched Loxon Self-Cleaning Acrylic Coating, a product specifically engineered for exterior, above-grade masonry to provide a clean as well as attractive look with high-performance safeguard.
On 21st November 2018, BASF has launched online solution-finder for the construction industry. The solution-finder delivers users with the means to discover and find applicable solutions as well as products for construction projects in the food-and-beverage, chemical, and wastewater-engineering industries. and On 14th September 2018, BASF’s Coatings division has opened a new laboratory for automotive OEM coatings at its site in Münster, Germany. The modular “Lean Lab” concept purposes to confirm optimized, digitalized and transparent processes and efficient use of resources in the laboratory area throughout Europe.
According FDA “The coatings are formulated from optional substances that may include: (1) Substances generally recognized as safe in food. (2) Substances the use of which is permitted by regulations in this part or which are permitted by prior sanction or approval and employed under the specific conditions, if any, of the prior sanction or approval.”
Raw Material Suppliers, Floor Coating Manufacturers, Construction Contractors, Building System Associations, Advanced Floor Coating Researchers and Developers, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Floor Coatings market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Floor Coatings market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Floor Coatings industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Maris Polymers SA (Greece), Plexi-Chemie, Inc. (United States), Grand Polycoats (India), Ardex Endure (India), A&I Coatings (Australia), Milliken & Company (United States), Apurva India Private Limited (India), Michelman, Inc. (United States), Roto Polymers and Chemicals (India), CPC Floor Coatings (United States), Tambour (Israel), ArmorPoxy (India) and Pro Maintenance, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Floor Coatings market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.