Industrial Floor Coatings market analysis by Fact MR identifies leading segments in terms of Binder Type, End Use, and Region. The study is intended to inform business about key trends influencing behavior pattern of consumers. It also offers recommendations to help them make informed decisions and navigate through unforeseen challenges.
Award-winning consulting firm Fact.MR recently published a report on the global market for industrial floor coatings. As per the study, the market is anticipated to register a CAGR of around 3%, reaching almost US$ 7 billion by 2031. Extensive application of industrial floor coatings is likely across the manufacturing industry, attributed to widespread industrialization. epoxy industrial floor coatings are expected to generate over half of total demand, reaching a value of more than US$ 4 billion by 2031.
Significant gains were recorded in the past, with the market being valued at nearly US$ 6 billion in 2019. Recessionary impacts ushered in by the COVID-19 pandemic crisis led to a moderate crunch, closing in at around US$ 5 billion in 2020. Manufacturers are increasingly tilting towards bio-based floor coatings, keeping in mind emerging sustainability trends associated with producing industrial goods.
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Roquette Freres, for instance, is a prominent bio-based floor coatings manufacturer, offering the POLYSORB® monomer and the BIOSUCCINUM® bio succinic acid. The former offers high scratch, temperature, and UV resistance, while also imparting excellent surface hardness. Both enable 100% renewable resins and comprise 60-70% renewable materials such as oils or fatty acids.
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Some prominent industrial floor coating manufacturers include BASF SE, PPG Industries, A&I Coatings, Akzo Nobel N.V., Florock Polymer Flooring, Ardex Endura (India) Limited, Pro Maintenance Inc., Grand Polycoats, 3M Company, ArmorPoxy and Roto Polymers, and Chemicals.
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Fact.MR, in its new offering, presents an unbiased analysis of the industrial floor coatings market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of binder (epoxy and polyaspartic) and end use (manufacturing, aviation & transportation, food processing, and other end uses), across sevenmajor regions of regions (North America, Latin America, Europe,East Asia,South Asia, Oceania, and the Middle East & Africa).
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