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Floor Coatings Demand Supported by Growing F&B Industry – Exclusive Report by Mordor Intelligence

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Floor Coatings Demand Supported by Growing F&B Industry – Exclusive Report by Mordor Intelligence

November 18
23:08 2021
Floor Coatings Demand Supported by Growing F&B Industry - Exclusive Report by Mordor Intelligence
Mordor Intelligence
The industrial segment is dominating the overall floor coatings market. The core sectors such as chemical, automotive, manufacturing, and other industries such as food and beverages and electrical and electronics, among others, are some of the major consumers of floor coatings.

Floor Coatings Market Overview

The floor coatings market is projected to register a CAGR of more than 5% during the forecast period (2021-2026). Floor coatings are durable, protective layers applied to surfaces that are subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications. The demand for floor coatings from the industrial sector dominated the market, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry. The promising performance of poly aspartic coatings is likely to act as an opportunity in the future. In the short term, the housing construction activities in the emerging economies of Asia-Pacific are likely to increase. However, there are strict regulations on VOCs released for floor coatings.

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Floor Coatings Market – Geographical Overview

Asia-Pacific region dominated the global floor coatings market share

The increasing housing construction activities in the emerging economies of Asia-Pacific have also hugely contributed to the market growth. As state-owned and private enterprises dominate the construction industry, increased government and private expenditure in this regard are pushing the industry toward global primacy. In recent years, the entry of major construction players from the European Union in China has further boosted the growth of this industry. Besides, the consumption of floor coatings has been witnessing positive strides in China, owing to the significant growth of high-rise buildings in the country for the past five years. According to the Council on Tall Buildings and Urban Habitat, in 2019 alone, 56 high-rise buildings (over 200 meters in height) were completed in the country.

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Key Highlights of the Floor Coatings Market

  • The floor coatings market, in general, is a highly fragmented market, with no significant share to any particular company, and the same applies to all the subtypes of floor coatings. SIKA AG is the largest player in the market in almost all types of floor coatings.
  • In the food and beverage industry, cleanliness and purity are of paramount importance. Hence, this industry must apply appropriate protective coatings on the concrete floor. Besides this, the risk of microbial growth due to spillage is high in the food and beverage industry. Consequently, these contaminants degrade the processed food’s purity. To avoid such problems, the industry requires durable and thick floor coatings to provide a protective barrier, which can help prevent contaminants from entering the concrete substrate and ensures a hygienic surface.

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List of Key Players in the Floor Coatings Market

  • Akzo Nobel NV
  • ArmorPoxy
  • Asian Paints
  • BASF SE
  • Epoxy-Coat
  • Henkel AG & Co. KGaA
  • Jotun
  • Kansai Nerolac Paints Limited
  • LATICRETE International Inc.
  • Mapei
  • Maris Polymers
  • NIPSEA Group (Nippon Paint)
  • PPG Industries Inc.
  • Sika AG
  • StoCretec GmbH
  • Tambour
  • Teknos Group
  • The Sherwin-Williams Company
  • Tikkurila Oyj

*List Not Exhaustive 

Mordor Intelligence has segmented the global floor coatings market on the basis of product type, floor material, coatings component, end-user industry, and geography:

  • Product Type (Market Size & Forecast based on Revenue (USD million) and Volume (kilo ton), 2016-2026)
    • Epoxy
    • Polyaspartics
    • Acrylic
    • Polyurethane
    • Other Product Types
  • Floor Material (Market Size & Forecast based on Revenue (USD million) and Volume (kilo ton), 2016-2026)
    • Wood
    • Concrete
    • Other Floor Materials
  • Coatings Component (Market Size & Forecast based on Revenue (USD million) and Volume (kilo ton), 2016-2026)
    • One-component (1K)
    • Two-component (2K)
    • Three-component (3K)
    • Other Components
  • End-user Industry (Market Size & Forecast based on Revenue (USD million) and Volume (kilo ton), 2016-2026)
    • Residential
      • Indoor
      • Outdoor
    • Commercial
      • Parking Lots
      • Retail Outlets
      • Warehouses
      • Other Commercial Industries
    • Industrial
      • Chemical Industry
      • Food and Beverage Industry
      • Other Industries
  • Geography (Market Size & Forecast based on Revenue (USD million) and Volume (kilo ton), 2016-2026)
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia & New Zealand
      • South Korea
      • Indonesia
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • Italy
      • Russia
      • France
      • Rest of Europe
    • Middle-East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle-East and Africa
    • South America
      • Brazil
      • Argentina
      • Rest of South America

About Mordor Intelligence

Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.

We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.

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