According to IMARC Group’s latest report, titled “Floor Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global floor coatings market reached a value of US$ XX Billion in 2020. Floor coatings are protective layers used in places where corrosion or heavy surface wear is expected. They protect the floor from cracks and moisture, and provide a smooth and high-performance surface that can withstand heavy loads for several years. Floor coatings also assist in brightening or defining areas of facilities, marking traffic aisles, routing traffic, etc. As a result, they find a wide range of applications in hospitals, manufacturing, industrial plants, commercial and retail stores, garages, etc.
The escalating product utilization in the chemical industry to ensure high-performance flooring for production plants, research and development (R&D) labs, and other facilities is one of the key factors driving the floor coatings market. Furthermore, the growing need for protective coverings that ensure chemical resistance and strict hygiene, while protecting the health of workers and adhering to safety protocols, is also catalyzing the market growth. Additionally, the widespread utilization of floor coatings in the manufacturing industry is further bolstering the market growth. Apart from this, the inflating risk of microbial growth spillage in the food and beverage (F&B) industry, which can degrade the quality of the processed food, is propelling the demand for thick and durable floor coatings. Additionally, the expanding construction sector, on account of the rising infrastructural developments across the commercial and residential sectors, is anticipated to fuel the floor coatings market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
Akzo Nobel N.V.
Asian Paints Ltd.
Axalta Coating Systems Ltd.
Henkel AG & Co. KGaA
Kansai Paint Co. Ltd.
Koninklijke DSM N.V.
PPG Industries Inc.
RPM International Inc.
The Dow Chemical Company
The Sherwin-Williams Company.
Breakup by Binder Type:
Breakup by Coating Component:
Breakup by Floor Structure:
Breakup by Formulation:
Breakup by End User:
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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