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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Global Industrial Floor Coatings Market to Surpass 1,300 kilo tons by 2024
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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Industrial Floor Coatings Market size is estimated to surpass USD 6 billion by 2024; according to a new research report by Global Market Insights, Inc. Industrial Floor Coatings Market Increasing number of manufacturing units coupled with rising industrialization is anticipated to drive industrial floor coatings market growth. Customer preference for better quality finishing and chemical resistant flooring will support product demand. Strong application potential in food processing industry to maintain hygiene, quality and purity will fuel industry growth. Global food processing industry will register 6% growth through to 2024. The industry contributes significantly in industrial floor coatings revenue generation owing to rising quality standards. Global Market Scenario of Industrial Floor Coatings Industry
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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Double component accounts for over 50% of market share in 2016. Offering high toughness to withstand maximum possible friction on the floor is among the key feature driving product demand. Chemical resistance towards various organic and inorganic acids, wastes, alkalis, water and petroleum products will enhance growth. Epoxy cementitious is the fastest growing segment increasing over 6.5% rate up to 2024. Effective layering with single coats, high resilience and excellent resistance to chemicals and mechanical impacts will propel demand. Oscillating crude oil prices will impact industrial floor coatings market price trend. R&D on bio based coating materials owing government regulations on material residues will open new avenues in the industry. Continue:-
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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Request Sample Of this research report@ https://www.gminsights.com/request-sample/detail/1193 https://www.gminsights.com/request-sample/detail/1193
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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Product Analysis:- Epoxy cementitious contributes over 25% revenue share in industrial floor coatings market in 2016. Polyaspartic will witness a growth over 5.5% up to 2024. Rising need for protection from harmful UV rays makes polyaspartic an excellent option for outdoor applications. Concrete contributed over 85% overall industry share in 2016, superior features including better wear & tear and scratch resistance has positively influenced material demand. Ease of customization, low maintenance and appealing finishing drives the product consumption in several industries. Application Analysis:- Food processing accounted for over 30% of the overall demand in 2016. Growing demand for strong and high mechanical resistant floors in storehouses will drive demand in warehousing segment. Industrial floor coating demand from aviation and transportation stood at over 115 kilo tons in 2016. Manufacturing application generated over USD 1.1 billion in 2016 and is anticipated to register over 6% growth till 2024. Request for customization: https://www.gminsights.com/roc/1193
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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Regional Analysis: APAC industrial floor coatings market is anticipated to be valued over USD 2.5 billion by 2024. China and India are projected to be among the key revenue generating countries. Favorable FDI norms along with increase in government spending to expand manufacturing sector will drive regional growth. Germany will observe over 6% growth up to 2024. Presence of major automotive manufacturing facilities in the country will drive regional industry growth. Germany generated over USD 30 million from aviation and transportation application. Competitive Analysis: Asian Paints, Sherwin-Williams, RPM International, Akzo Nobel, PPG Industries, BASF, Axalta Coating Systems, Roto Polymers, Tambour, Maris Polymers, Nora System, Milliken & Company, ArmorPoxy and Florock Polymer are among the key industry players. Other notable companies includes DSM, Dow Chemical, Apurva India, Koninklijke Grand Polycoats, The Lubrizol, Plexi-Chemie, Michelman, Pro Maintenance and Ardex Endure.
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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Latest Research Report On Industrial Floor Coatings Market@ https://www.gminsights.com/industry-analysis/industrial-floor-coating-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1193 https://www.gminsights.com/request-sample/detail/1193 Request for customization: https://www.gminsights.com/roc/1193
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