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Industrial Floor Coatings Market Trends

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

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Industrial Floor Coatings Market Trends

The industrial floor coatings industry is propelled by the adoption of innovative coatings offering enhanced durability, chemical resistance, and faster application times. Additionally, there is a rising preference for customizable solutions that combine aesthetic appeal with functional benefits. These trends cater to diverse industry needs, from manufacturing to healthcare, fostering demand for tailored floor coatings that improve safety, hygiene, and operational efficiency across industrial sectors.

For instance, in April 2024, Evonik introduced Ancamine® 2880, a rapid-curing, UV-resistant epoxy curing agent. It enhances mechanical strength, abrasion resistance, and color stability. Ideal for flooring, it ensures a pristine surface with low coloration and high gloss throughout its lifespan. This development could drive innovation and competitiveness within the market, encouraging other manufacturers to enhance their product offerings to meet similar demands for quality and efficiency in industrial flooring applications.

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.