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Industrial Floor Coating Market by Binder Type, Flooring Material, End-use Sector, Coating Component, and Region - Global Forecast to 2021

Industrial Floor Coating Market: Global Forecast until 2021

  • March 2017
  • 191 pages
  • ID: 4763092
In this report:
The demand for industrial floor coating in Asia-Pacific was estimated at ##.## KT in 2015, which is projected to grow at a CAGR of ##.##% between 2016 and 2021.
Post the economic slowdown, the GDP of Russia declined to -##.##% in 2015, after registering a positive growth of ##.##% in 2014, while that of Poland went up to ##.##%.

Summary

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"Industrial floor coating market forecasted to grow at a compound annual growth rate (CAGR) of 5.00 percent"

The industrial floor coating market size is expected to rise at a compound annual growth rate (CAGR) of 5.0% during the forecast horizon of 2016-2021 and attain ~$6.1B by 2021. Industrial floor coatings offer sustainable solutions to improve the performance of floors in industrial and commercial facilities by growing the durability of concrete and other flooring materials. As the floor in any industrial facility or commercial outlet is exposed to a great amount of wear and physical abuse, it requires adequate protection and maintenance to assure better longevity. Industrial floor coating prevents damages including abrasions, corrosion, thermal shocks, and chemical attacks. Other benefits specified by these coating solutions contain waterproofing, slip resistance, puncture resistance, microbial protection, and decorative finish. Poor acceptance of industrial floor coating among the end-users due to pre-defined mindsets about industrial floor coating is a constraint in the rise of industrial floor coating market.

"The epoxy segment, by binder type, recorded for the more significant market share in the industrial floor coating market in 2015"

The epoxy segment controled the industrial floor coating market in 2015; it is expected to retain the leading position through 2021. Epoxy is the most commonly used industrial floor coating and comes in various thickness. This type of industrial floor coating controls the industry due to its superior properties including high adhesion, impact resistance, flexibility, and chemical and solvent resistance. It is extensively used for flooring applications in industrial facilities including refineries, chemical plants, and production.

"The concrete segment, by flooring material, recorded for the more important market share in the industrial floor coating market"

The industrial floor coating market has been broken down into three flooring materials, that is, concrete, mortar, and terrazzo. The concrete segment led the industry demand for flooring material in industrial floor coating in 2015 and is expected to grow at the maximal compound annual growth rate (CAGR) from 2016 to 2021. Cost-efficiency and superior durability are the driving factors for the increasing demand for concrete flooring. The ability to withstand high temperature and abrasion is also influencing the increasing application of concrete flooring material in the industrial facilities.

"The Asia-Pac area anticipated to witness the fastest-growth during the forecast period"

The Asia-Pac region is expected to register the highest CAGR (Compound annual growth rate) globally, between 2016 and 2021. India (IN) recorded for the biggest market for industrial floor coating in the Asia Pacific (APAC) area, in 2015. The Indian market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, because China (CN) recorded for the biggest share in the industrial floor coating market in 2015. Quick industrialization in the region as well as increase in a number of commercial structures in China (CN), Indonesia (ID), and India (IN) is driving the rise of the Asia-Pacific industrial floor coating market. Also, there are less stringent norms and standards for safety and environmental compliance together with easy availability of cheap labor, which is attracting top actors across diverse sectors to set up production facilities in these countries.

Breakdown of Primaries

By Company Type: Tier 1 - 35.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 35.0 percent

By Designation: C-Level - 65.0 percent and Manager Level - 35.0 percent

By area: North america (NA) - 25.0 percent, Europe - 28.0 percent, Asia-Pacific - 22.0 percent, Latin America - 10.0 percent, and Middle East & Africa - 15.0 percent

Note: The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2015.

Tier n1: Revenue > $500.0M; Tier 2: $100.0M < Revenue < $500.0M; Tier 3: Revenue < $100.0M

Segment Research

The primary objective of the study is to define, segment, and project the overall industrial floor coating market based on binder type, flooring material, coating component, end-use market, and area. The report aims at strategically analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the total market. It also offers exhaustive information about the main factors influencing the increase of the market (drivers, industry restraints, possibilities, and market-specific challenges). Additionally to this, the market research examines competitive developments including mergers & acquisitions, business investments & business growths, latest product launches, and analysis & developmental activities in the industrial floor coating market.

Why acquiring this study can help you

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the industrial floor coating market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the sector and offers them information on main market drivers, market restraints, alternatives, and opportunities.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector. The competitive outlook section includes mergers & acquisitions, market investments & business developments, and recent product launches.

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