Anti-Slip Coatings Market size is forecast to reach $138.81 million by 2025, after growing at a CAGR of 6.45% during 2020-2025. Anti-slip coatings are a type of chemical liquid solution, powdered covering used on various substrates and surfaces in the application, resulting in increased friction between different surfaces and thus protecting against slips and falls. Due to the aesthetic appeal, there is an increasing demand for Anti-slip coating in various end-use industries. Besides, to prevent major accidents from slippery floor Anti-slip coating is used in construction, marine, medical, and other various industries. Due to these properties, the growth of the Anti-slip coatings is expected to accelerate in the forecast era.
By Type – Segment Analysis
Water based Anti-Slip Coatings are extensively used in Anti-Slip Coatings Market. Water based Anti-Slip Coating is a durable two-part slip-resistant water-based coating that is designed to provide a strong concrete seal against chemical intrusion and existing concrete physical degradation. Water based Anti-Slip Coatings is designed as a sealer and top-coat for concrete floors in facilities such as hospitals, schools, nursing homes, commercial buildings or industrial plants where solvent smells and/or flammability issues would usually prevent the use of a sealer. Water based Anti-Slip Coatings is highly recommended for every application in the automotive field due to no offensive odor and Low VOC. Since, Water based Anti-Slip Coating provides a strong finish, which protects against dust, dirt, water, acid and alkaline cleaners, alcohol, Skydrol, and brake fluid it is anticipated to enhance the market in the forecast era.
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By Resin Type – Segment Analysis
Epoxy resin coating is widely used in Anti-Slip Coatings Market. Epoxy resin coating offers strength, durability, and resilience when faced with a variety of testing conditions, such as heavy footfall, physical impacts, extreme temperatures, and corrosive chemicals. Thus, the epoxy resin coating is also well suited to industrial installations, where the floor is likely to face a long list of everyday challenges. Also, superior chemical resistance of epoxy resin coating in floors has made them popular in the food & beverage industry, where large quantities of corrosive acids and by-products are contained, which means that it needs floor that can withstand chemical attack from organic acids, as well as sugar, malt, caustic and strong cleaning agents. Also, excellent UV-resistance of epoxy resins prevents the underlying epoxy from yellowing over time when being used as a topcoat over epoxy owing to which the demand for anti-slip coatings is estimated to increase in the forecast period.
By Flooring Type – Segment Analysis
Anti-Slip Coatings is widely used in wood flooring in Anti-Slip Coatings Market for wood protection. It offers an anti-slip surface for foot traffic as well as a skid-resistant surface for wheeled traffic to aid in areas with slip and skid hazards from slipping and skidding. Unlike standard products for which grit is sprinkled onto a wet finish, Anti-slip is a prepared product that is added to the wood as it is. Anti-Slip Coatings in wood provides a textured surface that is more even and penetrates the wood, bonding with the fibers to give a finely textured, versatile and long-lasting anti-slip satin finish. It helps slow down the graying process when the wood is exposed to UV rays and can be used on all wood types, whether new and weathered woods, planed and rough sawn woods. Also, solvent-based coatings provide tough anti-slip protection and also protect the floor from chemical penetration and physical deterioration of the existing surface. Configuration of anti-slip coatings in wood is simple and repair is a breeze without the need for sanding or scraping.
By Application Type – Segment Analysis
Residential Building held the largest share in Anti-Slip Coatings Market in 2019 and is projected to grow at a CAGR of 7.85% during the forecast period 2020-2025. Whether it’s an industrial or commercial building there is a whole host of industrial flooring surfaces that can benefit from anti-slip coating to facilitate a healthy work environment. The advantage of anti-slip coating is that there is a wide variety of products available ensuring that just about any flooring surface can be covered in any area, whether it is in a commercial or non-commercial setting. Also, environments that are more likely to be exposed to liquid or chemical spillages such as toilet floors, kitchen floors, factory floors, and pools in a residential building are places with the greatest benefits of adding an anti-slip cover. Increasing the use of anti-slip coating will also help to reduce the risk of falls in spaces such as walkways, stairs, under rugs, and in car parks and will boost the market in the forecast period.
By End Use -Segment Analysis
Construction Industry held the largest share in the Anti-Slip Coatings Market in 2019. Anti-Slip Coatings offers property such as high durability, low cost, and safety due to which there is an increasing demand for Anti-Slip Coatings in the construction industry. There is no visible improvements in a large proportion of anti-slip coatings, except in certain situations where it potentially makes the flooring look a lot clearer, making it look fresh and new. Adding a coating may also provide a protective layer that ensures that the flooring itself is not compromised and has a longer life span in effect. Perhaps the most appealing benefit for the construction industry is that it is much easier to substitute current flooring with dedicated non-slip safety flooring than tearing and to ensure durability and skilled finish, the best choice is to apply the coating properly and ensure that it is properly finished, designed for maximum protection and without damage. Also, the most common and successful way to inspect the flooring is through pendulum slip checking. According to the UK Health and Safety Executive (HSE), it is accepted as the test of choice, as well as widely regarded in UK courts. Hence, the rising construction of buildings will ultimately drive the market.
Geography- Segment Analysis
Asia Pacific held the largest share with 52.3% in Anti-Slip Coatings Market due to the increasing use of anti-slip coatings in the construction industry for safety. Countries such as China, India, Japan, and South Korea are expected to lead the Asia-Pacific Anti-Slip Coatings Market, with China accounting for the largest share in the regional demand for Anti-Slip Coatings. China is the world’s leading construction market; hence the demand for Anti-Slip Coatings in China is comparatively high. According to the International Trade Administration, in China, the construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Also, according to The Government of Japan, initiatives are taken by the Japanese government partnering with private companies to introduce modern building technologies in the construction sector, using Information and Communication Technologies (ICT). Due to the COVID-19 palindrome paints & coatings companies, including those under the public sector are considering to scale down the production. Owing to nationwide shutdown, ongoing construction in various places has been paused and the coatings industry henceforth is being impacted.
Drivers –Anti-Slip Coatings Market
Use of Anti-Slip Coatings in Multi-Use Games Area
The anti-slip coating comes in a vast number of colors, including red, green, or blue. Anti-slip coating provides a particularly versatile, hard-wearing, and durable coating that contains texture agents for the grip and necessary slip resistance. Line markings are also available, creating multi-use areas ideal for football, basketball, and netball. Anti-Slip Sports Coating is installed on all types of sport courts throughout the UK due to it is highly resistant, antireflective, and skid-free properties. After every few years, the UK’s anti-slip painting program requires a respray which helps to keep it in good shape and keep slip-resistant qualities. India currently houses about 100 sports facilities that meet international sports infrastructure standards. Also, recently, India witnessed a massive growth of franchise-based sporting leagues, with 10 leagues existing in the country; to sustain this growth momentum in sports, there is a need to increase the number of sporting facilities with world-class infrastructure.
Increasing use of Anti-slip coatings in Marine Decks
Decks are a critical area that is exposed to all elements and also to the wear and tear of foot traffic. They need to be safe to walk, stand, or rush about on especially in the wet. The best way to achieve this is to use an anti-slip (non-slip) deck coating which both protects the surface and helps grip. Non-Slip marine deck paint is ideal for use on maritime vessels, boats, ships, barges & narrowboats where there might be light foot traffic. Perfect for use on floors where spillage or moisture is prevalent, providing strong chemical resistance to the anti-slip finish. Non-Slip Marine Deck Paint is based on a polyurethane enamel resin that provides a strong hard wearing and anti-slip coating once completely dry, with a mirror-like gloss finish to mild steel, wood, and other suitably pruned substrates. Also, Anti-slip coatings spread quickly and easily offering a beautiful, high traction surface due to which it is anticipated to boost in the forecast period.
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Challenges –Anti-Slip Coatings Market
An overcoat of existing coatings
People generally re-coat their walls mostly due to the original coating flaking, bubbling, moving, but may be due to the new coating being worn and tired. One big mistake of many is just trying to overcoat the existing coating to be shiny and ready. Re-Coating will come off as clean as a whistle, thereby demonstrating that the surface was more than likely previously sealed with a surface hardener or silicone sealant, leading to zero penetration of the subsequent coating into the substratum. The new surface should be sealed, whether it is the old paint or the concrete floor itself to show that the fresh paint has adhered to the current coating, but that the original coating has delaminated from the surface, or that the back is coated in anything from big concrete lumps to small surface dust showing the concrete’s surface breaking up. Oil, waxes, and contaminants present in the substrate beforehand can also be seen on the back of the sample piece or can often be seen clearly on the concrete surface itself. And again, if it is rising damp, the darkness of the floor from which the coating was just removed will be darker than the concrete already exposed surrounding it. Hence, overcoating of floors will create a hurdle for Anti-Slip Coatings Market in the forecast period.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Anti-Slip Coatings Market. Major players in the Anti-Slip Coatings Market are3 M, Amsteps Products, Axalta Coating Systems, Hempel A/S, PPG Industries, Paramelt Rmc B.V., RPM International, Sherwin Williams, Randolph Products Co. among others.
APAC dominates the Anti-Slip Coatings Market due to increasing safety regulations in residential and non-residential constructions.
Use of Anti-Slip Coatings provides superior performance, zero maintenance, and easy repair and rectification in stairs, ramps, and walkways owing to which it is expected to boost the demand of Anti-Slip Coatings Market in the predicted period.
Surface contamination or condensation during the overcoat of coatings on the floor will create hurdles for the Anti-Slip Coatings Market in the forecast period.
The construction industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation, this factor restricts the growth of the anti-slip coatings market.
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