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Industrial Floor Coatings Market

Industrial Floor Coatings Market

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Industrial Floor Coatings Market

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  1. Industrial Floor Coatings Market Size 2021 | Status | Top Players | Trends And Forecast To 2026 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Industrial Floor Coatings Industry • According to the report published by Global Market Insights, the global industrial floor coatings industry share was assessed at $5.24 billion in the year 2019 and is estimated to hit $7.01 million by 2026, registering a CAGR of a 6.9%. • Industrial floor coatings are expected to foresee extensive demand in view of elevated spending in the construction sector. Increasing foreign direct investments across developing countries have anchored construction of new manufacturing units across the world. Highlighting an instance, in 2019, Tesla revealed plans to invest about $4.4 billion to set up its a new electric car factory near Berlin. Execution of such construction activities could spark the demand for industrial floor coatings. • UK, Germany, France, and Italy are the major countries contributing to the growth of the industrial floor coatings sector. Strong presence of manufacturing companies in the region are catering to product demand. Investments in R&D initiatives by industrial floor coatings manufacturers could support market expansion. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • While favorable government initiatives to offer a boost to the industrial sector might bolster the demand for industrial floor coatings. As per the report, Europe is projected to record 15% demand share in 2026. • Asian Paints, BASF SE, Sherwin-Williams, PPG Industries, AkzoNobel, Axalta Coating System, and Kansai Paints, are some of the leading contenders in the global market. In addition to its application in the industrial sector, these coating are also prominent in the transportation and aviation industry. • Reports suggest that the transport and aviation industry could account for over USD 1,315 million by 2026. • These application spaces require superior industrial floor coatings to use of heavy machinery & vehicle and their association with fuel, chemicals, solvents, tire tracks, oils, and other contaminants. Lack of adequate flooring can led to absorption of hazardous chemicals by the floor causing the development of stains and creating a safety hazard. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/1193 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • In floor coating type, the polyurethane segment is expected to reach 610 USD million by 2026. Polyurethane coatings offer multiple features like a smooth and seamless finish which makes it ideal for usage in food & beverage facilities, where temperature changes are frequent. A rise in growth of the food processing industry may push polyurethane coatings demand. • Unarguably, industries worldwide are heading towards digitalization due to the current COVID-19 pandemic. The outbreak has encouraged consumers to purchase from online retailers and e-commerce platforms. Intensifying customer base and reliance on e-commerce platform has triggered the need for large scale warehouses. In 2021, Oregon-based distributor of consumer goods, Newacme LLC announced its plans to expanding its operations to the East Coast by investing $1.5 million in a 217,000-square-foot warehouse and distribution center in Delaware Logistics Park. Such initiatives could have a positive impact on the demand for industrial floor coatings across warehouses worldwide Request for customization:https://www.gminsights.com/roc/1193 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Dow Chemical, Akzo Nobel, Sika AG, PPG Industries, and Kansai Paints are some of the key players operating in the Industrial Floor Coatings Market. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. 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 Request for customization: https://www.gminsights.com/roc/1193 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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