Floor Coatings Market Overview:
Floor Coatings Market is growing rapidly post 2018 as the market is boosted due to growing demand of decorative floor and construction activities across the globe. The market size is expected to increase at CAGR of 7.2% by the end of 2022.
Floor Coatings Market is used for protecting concrete, tiles, wooden floors etc. from corrosion and climatic condition. Floor coatings is applied in order to increase shelf life with low maintenance and cost effective. These coating contains resins which protect them from oxidation and moisture. Owing to operational advantages, different varieties of floor coatings possesses various characteristics to suit various environment.
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Floor Coatings Market Key Players:
• BASF SE (Germany)
• Sherwin Williams Company Inc (US)
• The Dow Chemical Company (US)
• Akzo Nobel NV (Netherlands)
• The Arkema Group (France)
• Asian Paints PPG Pvt. Ltd (India)
• Nora Systems Inc. (Germany)
• RPM Internationals Inc. (US)
• Maris Polymers (Europe)
• Tambour (Israel)
Floor Coatings Market Segmentation:
Floor Coating is divided into 1K, 2K, 3K and others. 1K or single component contains low level of VOC and vaporizes when exposed to air. It does not require hardener, activator or catalyst. Thus, single component is eco-friendly is fastest growing segment owing to government policies regarding usage of eco-friendly products. 2K or “two components” is widely used with hardener, activator or catalyst to prevent it from chemicals, weather and UV rays. Water based 2K polyurethane systems provides curing and hardness which is top preferred choice in residential, commercial and industrial applications.
Based on end user, floor coatings in segmented into residential, commercial and industrial. The growing construction and infrastructure development in countries like china and India has boosted the demand for floor coatings in coming years. Increasing demand from multinational companies for decorative coatings is expected to boost the demand for floor coatings in near future. Innovation in floor coatings is major opportunity for many manufacturers to increase their production capacity.
Floor Coatings Market Regional Analysis:
Geographically, Asia-Pacific is largest consumer of floor coatings with more than 35% of market share in global floor coatings market. Huge investment in building and construction along with infrastructure development has fueled the demand for floor coatings in coming years. China is major revenue generating country due to growing construction activities which leads to decorative floor coating in various industries. Europe & North America accounts for second and third market share respectively.
Floor Coatings Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Floor Coatings Market
Floor Coatings Market Table of Content to be Continue……,
Floor Coatings Market List of Table:
Table 1 World Population: By Major Regions (2015 To 2030) (Billion)
Table 2 Global Floor Coatings Market: By Region, 2014-2022 (USD Billion)
Table 3 North America Floor Coatings Market: By Country, 2014-2022 (USD Billion)
Table 4 Europe Floor Coatings Market: By Country, 2014-2022 (USD Billion)
Table 5 Asia-Pacific Floor Coatings Market: By Country, 2014-2022 (USD Billion)
Floor Coatings Market List of Table to be Continue……,
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