Industrial Floor Coatings Market To Offer Lucrative Growth Opportunities For Players During Forecast Period 2022 – 2032 : Fact.MR

A study on the global market for industrial floor coatings was recently released by the highly regarded consulting firm Fact.MR. According to the analysis, the market is projected to experience a CAGR of almost 3%, growing to approximately $7 billion by 2031. Due to extensive industrialization, industrial floor coverings are probably applied extensively throughout the manufacturing sector.

Prior to 2019, the market was valued at around US$ 6 billion, reflecting significant gains. The COVID-19 pandemic problem brought about a mild recession, which eventually reached a peak of roughly US$ 5 billion in 2020. Manufacturers are moving more and more toward bio-based floor coatings as they consider the newest developments in industrial product production’s relationship to sustainability.

For instance, Roquette Freres is a well-known producer of bio-based floor coatings, providing the POLYSORB® monomer and the BIOSUCCINUM® bio succinic acid. The former has exceptional surface hardness and great scratch, temperature, and UV resistance. Both facilitate the use of 100% renewable resins and contain 60–70% renewable components like oils or fatty acids.

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Report Also Addresses:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Industrial Floor Coatings and How to Navigate
  • Recommendation on Key Winning Strategies

Key Takeaways from Market Study

  • By 2031, the market for epoxy industrial floor coatings is expected to reach $4 billion, growing at a CAGR of about 4%.
  • Industrial floor coverings made of polyaspartic will grow at a CAGR of almost 3% during the projection period.
  • Industrial floor coatings for the manufacturing sector will see a volume CAGR of more than 5%, by end use.
  • The United States is expected to have strong growth potential, topping $1 billion in 2020 thanks to a strong manufacturing sector.
  • Strict workplace safety regulations will shift demand throughout China, where this market is growing at a CAGR of over 6%.
  • Germany’s market is expected to increase moderately, at a CAGR of about 2%.

Key Companies Profiled

  • 3M Company
  • A&I Coatings
  • Akzo Nobel N.V
  • PPG Industries
  • Grand Polycoats
  • Florock Polymer Flooring
  • Ardex Endura (India) Pvt. Ltd.
  • Apurva India Private Limited
  • ArmorPoxy
  • Pro Maintenance Inc.
  • Roto Polymers and Chemicals
  • RPM International Inc.
  • The Sherwin-Williams Company
  • The Lubrizol Corporation
  • Milliken & Company

Competitive Landscape

A&I Coatings, Florock Polymer Flooring, Ardex Endura (India) Limited, Pro Maintenance Inc., Grand Polycoats, 3M Company, ArmorPoxy and Roto Polymers, and Chemicals are a few well-known makers of industrial floor coatings.

  • The FloroStoneTM Cove was introduced by Florock Polymer Flooring in July 2020 as a part of its decorative epoxy industrial flooring line. It eliminates difficult-to-reach 90-degree angles along the edges of the floor and creates a seamless transition from floor to wall, limiting the accumulation of microbes to create a more hygienic environment.
  • The MasterTop XTC solution, created with the XolutecTM technology, an inorganic modified high-density crosslinking polymer that offers seamless floor cleaning and is also incredibly user-friendly, was announced by BASF SE in December 2019.

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