Floor refers to the bottom surface of any room or vehicle. They may be made up of wood, stone, bamboo, metal, or any other material which can support the expected load. The coating is a covering that is put on the surface of an object, also known as substrate. The coating is applied for both, decorative and functional purposes. Floor coatings act as a defensive layer on the floor surface. They proffer protection from corrosion, moisture and requires low maintenance cost. Floor coatings are used to design the floor to make it look pleasing and promotional.
The growing demand for decorative floors from huge business and multinational companies drives the growth of the floor coatings market. Increasing demand for floor coatings from manufacturing sector owing to its high mechanical strength, excellent adhesion and enhanced chemical resistance also drives the growth of the market. However, incrementing price of raw materials and commodity severely affects the fruitful development of the floor coatings market. Upcoming innovations such as architectural coatings which reflect the radiant heat of the sun are anticipated to bode well the growth of the floor coatings market.
The "Global Floor Coatings Market Analysis to 2027" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the floor coatings market with detailed market segmentation by type, formulation, flooring material, application and geography. The global floor coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floor coatings market players and offers key trends and opportunities in the market.
The global floor coatings market is segmented on the basis of type, formulation, flooring material, application and geography. On the basis of type the market classify into epoxy, polyurethane, acrylics, polymethyl methacrylate and others. As per formulation the market is broken into solvent-based, water-based and others. The market on the basis of flooring material is bifurcated into wood, concrete, mortar, terrazzo and others. As per application the market is divided into commercial buildings, educational buildings, infrastructure, residential, industrial and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The floor coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the floor coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the floor coatings market in these regions.
The reports cover key developments in the floor coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from floor coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for floor coatings market in the global market. Below mentioned is the list of few companies engaged in the floor coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the floor coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Apurva India Limited
- Ardex Endura Private Limited
- Asian Paints Ltd.
- Gr and Polycoats Company Pvt. Ltd
- Lubrizol Corporation
- Maris Polymers, A and I Coatings
- Megaseal flooring systems
- Milliken and Company
- Nora Systems Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.