PUNE, India, March 2, 2017 /PRNewswire/ --
The report "Industrial Floor Coating Market by Binder Type (Epoxy, Polyaspartic), Flooring Material (Concrete, Mortar, Terrazzo), End-use Sector (Manufacturing, Aviation & Transportation, Food Processing), Coating Component, and Region - Global Forecast to 2021" published by MarketsandMarkets, the market size is estimated to grow from USD 4.75 Billion in 2016 to USD 6.07 Billion by 2021, at a CAGR of 5.0% between 2016 and 2021.
Browse 156 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on "Industrial Floor Coating Market"
Early buyers will receive 10% customization on this report.
The global Industrial Floor Coating Market is projected to witness decent growth in the next few years due to expansion of industrial activities as a result of improving economic condition. Rapid industrialization in emerging economies and increase in number of production facilities in developing countries are creating growth opportunities for the Industrial Floor Coating Market.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=114088165
Food processing sector to gain maximum traction during the forecast period
The food processing sector is projected to grow at a higher CAGR during the forecast period. The growth can be attributed to the increase in concerns for quality and purity maintenance of food products and to ensure a hygienic environment inside the production facility. Additionally, characteristics such as easy application, chemical resistance, and abrasion resistance have made it essential to apply industrial floor coating in the processing facilities.
Epoxy segment projected to be the fastest-growing during the forecast period
On the basis of binder type, the epoxy segment is projected to grow at the highest CAGR from 2016 to 2021. This growth can be attributed to the industrialization in growing economies and setting up of new manufacturing facilities. The dominant market positon of epoxy can be attributed to its superior properties such as high adhesion, flexibility, and chemical and solvent resistance.
Asia-Pacific region constitutes the largest market share in the Industrial Floor Coating Market
The Asia-Pacific region contributes a major market share in the global Industrial Floor Coating Market. It is also projected to register the highest growth from 2016 to 2021, while India is projected to be fastest-growing country-level market in the region for the Industrial Floor Coating Market. North America is projected to grow at the second-highest rate between 2016 and 2021, with the U.S. registering the highest growth rate in the region. Emerging economies such as UAE, Brazil, Saudi Arabia, and other countries in the Middle East are projected to grow at moderate CAGRs between 2016 and 2021.
The global market for industrial floor coating is dominated by major players of the construction paints & coating industry. BASF SE (Germany), PPG Industries Inc. (U.S.), 3M Company (U.S.), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.), The Lubrizol Corporation (U.S.), and Asian Paints PPG Pvt. Limited (Mumbai). Other key players including Florock Polymer Flooring Systems (U.S.), Nora System, Inc. (Germany), Maris Polymers SA (Greece), Plexi-Chemie, Inc. (U.S.), Grand Polycoats (India), Ardex Endure (India), A&I Coatings (Australia), Milliken & Company (U.S.), Michelman, Inc. (U.S.), Roto Polymers and Chemicals (India), CPC Floor Coatings (U.S.), Tambour (Israel), ArmorPoxy (India), and Pro Maintenance, Inc. (U.S.) are the leading manufacturers operating in the Industrial Floor Coating Market. These companies use various strategies such as mergers & acquisitions, investments & expansions, and new product launches to strengthen their position in the market.
Browse Related Reports:
Epoxy Adhesives Market by Type (One-component, Two-component), Application (Building & Construction, Transportation, Automotive, Wind Energy, Marine, Electrical & Electronics), and Region - Global Forecast to 2026
Wood Coating Market by Coating Type (Stains & Varnishes, Shellacs, Wood Preservatives & Water Repellents), Application Method (Roll & Brush Coating, Vacuum Coating, Spray Coating), End User (Furniture, Cabinets, Siding, Flooring & Decking), & by Region - Trends & Forecast to 2020
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle
WA 98101, United States
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets