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Industrial Floor Coatings Market Share

Report ID: GMI1193
Published Date: Jul 2024
Report Format: PDF

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Industrial Floor Coatings Market Share

Industrial Floor Coatings Market Company Share, (2023)

Players, including Akzo Nobel N.V., Axalta Coating Systems, CPC Floor Coatings, Asian Paints, and BASF SE, are augmenting their foothold by focusing on innovation and product development.

They are introducing advanced formulations that offer superior durability, chemical resistance, and sustainability features, catering to diverse industry needs. Additionally, strategic collaborations and partnerships with distributors and end-users help expand their geographical reach and customer base. These efforts enable companies to offer comprehensive solutions and services, including installation and maintenance, thereby enhancing their presence in the market.

Furthermore, companies are investing in research and development to introduce technologically advanced coatings that meet evolving regulatory standards and environmental norms. By leveraging efficient manufacturing processes and adopting digital marketing strategies, they streamline operations and effectively communicate product benefits to customers. This proactive approach strengthens brand reputation and fosters long-term customer relationships, driving sustained growth and market leadership in the competitive industrial floor coatings industry outlook.

Industrial Floor Coatings Market Companies

Key players operating in the industry include:

Akzo Nobel N.V.
Asian Paints
Axalta Coating Systems
BASF SE
CPC Floor Coatings
Florock Polymer Flooring Systems
Kansai Paints
Koninklijke DSM
PPG Industries
Sherwin-Williams
Sika AG
The Lubrizol Corporation

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Market size for industrial floor coatings was USD 5.32 billion in 2023 and is expected to register 7.2% CAGR from 2024-2032 owing to innovations in coating formulations, in line with increasing awareness of the benefits of floor coatings worldwide.

Industrial floor coatings industry from the epoxy segment is expected to register 7.7% CAGR from 2024-2032 due to its superior durability, resistance to chemicals, and ability to withstand heavy traffic and mechanical stress.

Asia Pacific industry is expected to register 7.9% CAGR from 2024-2032 due to the rapid industrialization and infrastructure development across countries like China, India, and Southeast Asia in the region.

Akzo Nobel N.V., Asian Paints, Axalta Coating Systems, BASF SE, CPC Floor Coatings, Florock Polymer Flooring Systems, Kansai Paints, Koninklijke DSM, PPG Industries, Sherwin-Williams, Sika AG, and The Lubrizol Corporation, are some of the major industrial floor coatings companies worldwide.