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Rapid industrialization, rising government expenditure on infrastructure and manufacturing facilities will positively influence industrial floor coatings market growth. Shift in consumer preference for improved finishing ability with high mechanical strength and chemical resistance flooring will encourage product penetration.
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Industrial Floor Coating Market Share by Applications and Regions for 2017-2024 @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
Overview • Industrial floor coatings market is thriving on the cusp of rapid urbanization and industrialization, as the importance for flooring has been depicting a rise across various industrial sectors. Most of the companies have been renovating their floors to install smooth and protective coatings, as unprotected flooring leads to regular wear and tear. • Most companies in industrial floor coatings industry have been undertaking collective efforts to usher in a range of bio-based materials to be used in flooring. Nanotech Industries, Inc., for instance, has recently patented a technology called Green Polyurethane™, the commercialization of which has already garnered massive prominence. • The product exhibits high durability, weather resistance, thermal shock endurance, and chemical resistance. On these grounds, it held more than 25% of industrial floor coatings market, and is expected to register a CAGR of more than 6.5% over 2017-2024. @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
This growth can be undeniably attributed to the numerous benefits delivered by this product, prominent ones being, high flexibility, excellent adhesion, solvent resistance, mechanical impact resistance, effective single-coat layering, and high resilience. • As per experts, the future depicts positive growth prospects for industrial floor coatings market. Having recorded a base valuation of more than USD 3.5 billion in 2016, it has been forecast that industrial floor coatings market size may nearly double by 2024 – as per analyst predictions, this business space may be valued for more than USD 6 billion by 2024. • Asia Pacific industrial floor coatings industry will exhibit an annual growth rate of more than 6.5% over the coming seven years. Various manufacturing and food processing companies have also been giving preference to APAC, owing to the favorable regulatory landscape. @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
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This is Industrial floor coatingsmarket research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Industrial floor coatings industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles. • Reasons to Buy This Report • Industrial floor coatings market size & forecast by product & application • Growth drivers, pitfalls & industry challenges • Key is Industrial floor coatings market growth opportunities & emerging business models • Competitive benchmarking with market share analysis and company profiles @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
Competitive Trends: • The notable industries inIndustrial floor coatings marketare • PPG Industries • Axalta Coating Systems • Kansai Paints • Asian Paints • BASF • Akzo Nobe • RPM International Inquire Before Buying This Report@ https://www.fractovia.org/request-purchase/602 @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
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