Global floor coatings market
In buildings, floors are probably the areas subject to the greatest wear and so require significant maintenance.
Floor coatings are generally used as a defensive layer that is applied to the floor surface. They offer protection from abrasion and chemicals, impact resistance and decorative effects. They are generally low cost and simple to apply.
There are different varieties of floor coatings with different characteristics to suit particular environments. The main concerns are durability, corrosion resistance; moisture resistance, cost and maintenance requirements.
Floor coatings are segmented into decorative coatings, non-slip coatings, cold room floor coatings and others:
- Decorative coatings are used to create a floor that is visually pleasing
- Non-slip floor coatings are used for specific zones such as pathways, ramps and walkways. Non-slip coatings are added to the primers or floors coatings to apply a finishing layer to create a bonded non-slip texture.
- 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 storage.
All the types of coatings have floor protection solutions that include anti-bacterial coatings to create a hygienic environment.
Quality, cost, colour and design are the crucial factors driving the growth of the floor coatings market. The growing demand from businesses decorative floor coatings is driving the floor coatings market globally. The increasing use of floor coatings in the food industry is also expected to boost demand for floor coatings.
Innovation is the major opportunity for the floor coatings market. Innovative products such as the architectural coatings that reflect the sun's radiant heat are expected to be in high demand in the near future.
North America, Europe, Asia Pacific and Rest of the World (RoW) are the key segments for floor coatings in the market. Asia Pacific is expected to be the largest consumer due to growing end user industries in the region, especially in China. North America and Europe are also expected to fuel market growth due to rising demand from businesses and educational institutions.
The major players in the market include: 3M, Tambour, Maris Polymers, A & I Coatings, Megaseal flooring systems, Ardex Endura, Grand Polycoats Company Pvt. Ltd, Apurva India Limited, Roto Polymers and Chemicals, Asian Paints, Nora Systems Inc, Akzo Nobel Coatings nv, Key Resin Company, Lubrizol, Milliken and MICHELMAN among others.
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