Floor Coatings

Floor Coatings Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
2018-2026
In any structure, the floor is subjected to tremendous stress due to constant
movement and direct load applied by the occupant or interior components such as
furniture. Thus, the floor undergoes high levels of friction that causes frequent wear
and tear, in turn requires frequent maintenance and repair. Floor coatings are used
to ensure proper protection and maintenance of floors. These offer high resistance to
chemicals, abrasion, and impact, while adding to aesthetic appeal. Floor coatings
cost-effective, widely available, and easy to apply, and provide ample protection to
the applied surface. A wide variety of floor coatings are available in the market,
depending on the environment, structure, and specific requirements of consumers.
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Increasing government investments on corporate and commercial infrastructures is
expected to potentially drive demand for floor coatings. For instance, the Indian
government has decided to step up the investments in infrastructure sector. For
example, in 2015, the Indian Ministry of Road Transport, Highways and Shipping
announced a target of US$ 376.53 billion investment in infrastructure sector by 2018.
This in turn creates a highly conducive environment for growth of the global floor
coatings market, considering the highly populous region that offers highly lucrative
growth opportunities for players. Furthermore, easy of FDI norms in emerging
economies such as India and China has led to an increasing influx of multinational
companies in the region. Major companies lay high emphasis on maintaining
aesthetic appeal of their commercial buildings, especially those that directly engage
with clients. This fuels demand for high quality floor coatings, among other things in
order to ensure high aesthetic appeal without compromising on functionality. The
food industry is emerging as a major end user of floor coatings, as floors of
associated buildings are subjected to high levels of corrosion. Steady growth of the
food industry is another factor that is expected to augment growth of the floor
coatings market in the foreseeable future.
Rapid urbanization in emerging economies such as India, China, and Brazil has led
to upsurge in civil construction activities, which is a key driving factor that promotes
the usage of floor coatings in the residential, commercial, and industrial sectors.
Anti-slip floor coatings are mainly used for specific zones such as ramps, pathways,
and walkways. Anti-slip coatings are supplemented with the floors coatings to create
an anti-slip texture. Fast drying floor coatings range from those for car parks to resin
floor coatings drying tarmac, and cold room floor coatings that are best suited for
such environments. Cold room floor coatings are specifically formulated to resist very
low temperatures. These types of floor coatings are ideal for food industries,
supermarkets, dairies laboratories, and cold storages. All the types of coatings have
floor protection solutions can include anti-bacterial coatings that provide a sterile
environment.
Floor Coatings Market Outlook- Asia-Pacific is expected to be the top
investment pocket for key players operating in the market
Based on geographical segmentation, the global floor coatings market has been
classified into North America, Europe, Latin America, Middle East, and Africa. Asia
Pacific is expected to be a large market for floor coatings, owing to the booming
infrastructural development especially in India and China.
According to Asian Development Bank, Asia is estimated to invest around US$ 8-9
trillion in infrastructural development by 2018. Major investments in building &
construction industry is expected to be a resultant of rapid global economic
development and increasing population in both developed and developing countries,
which in turn is projected to boost demand for global floor coatings.
North America and Europe are also expected to register significant market growth for
floor coatings attributed to rising demand among business firms, commercial
buildings and educational institutions in an effort to enhance the aesthetic appeal of
the interiors.
Key players in the global floor coatings market include Maris Polymers, Arden
Endure, A & I Coatings, Megadeal flooring systems, Root Polymers and Chemicals,
3M, Key Resin Company, Lubrizol, Tambour, Asian Paints, Grand Polycot’s
Company Pt. Ltd, Aura India Limited, Nora Systems Inc., Key Resin Company, and
Lubrizol.
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Floor Coatings Market report categorizes global market by product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

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