Le Lézard
Classified in: Oil industry

Industrial Floor Coatings Market to cross $6bn by 2024


OCEAN VIEW, Del., Oct. 19, 2017 /PRNewswire-iReach/ -- Industrial Floor Coatings Market is expected to witness strong application potential in the food and beverage processing industry. While working in the food processing industry, it is quite important to keep all the areas clean- including the floor. Certain food constituents such as blood, sugar, acids, oils, fats, etc. often fall onto the floors, which are highly susceptible to infections and contaminations. In response to this fact, it is highly important to maintain the sanitary standards of the floors, which has provided a major thrust to the demand of industrial floor coatings market from this application. As per estimates, in 2016, food processing accounted for more than 30% of the overall market and is further expected to grow at an annual rate of 6% over 2017-2024.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1193

In the industrial sector, the coating of the floor is considered as a crucial facet, subject to which the global industrial floor coatings market has been witnessing a phenomenal demand over the recent years. The utilization of coatings is touted as an impressive solution for optimal protection and aesthetics of the industrial and commercial infrastructures. The noticeable shift in the consumer preference for high chemical resistance, mechanical strength, and improved finishing ability of the flooring has significantly influenced the product demand. As per a report by Global Market Insights, Inc., industrial floor coatings market was pegged at USD 3.5 billion in 2016 and is anticipated to generate revenue over USD 6 billion by 2024.

Many of the food processing industries rely on the epoxy type of coatings, which are highly durable and withstand strong chemical resistance & thermal shocks. Contributing to over 25% of the overall industrial floor coatings market, epoxy cementitious is estimated to be the fastest growing product with y-o-y growth of 6.5% over 2017-2024

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1193

Concrete contributed over 85% overall industry share in 2016, superior features including better wear & tear and scratch resistance has positively influenced material demand. Ease of customization, low maintenance and appealing finishing drives the product consumption in several industries.

Growing demand for strong and high mechanical resistant floors in storehouses will drive demand in warehousing segment. Industrial floor coating demand from aviation and transportation stood at over 115 kilo tons in 2016.

APAC industrial floor coatings market is anticipated to be valued over USD 2.5 billion by 2024. China and India are projected to be among the key revenue generating countries. Favorable FDI norms along with increase in government spending to expand manufacturing sector will drive regional growth.

Germany will observe over 6% growth up to 2024. Presence of major automotive manufacturing facilities in the country will drive regional industry growth. Germany generated over USD 30 million from aviation and transportation application.

Presence of numerous multinational and domestic manufacturers makes the global industrial floor coatings market share highly competitive and fragmented in nature. Mergers & acquisitions, product portfolio expansion and supply agreements are some of the business development strategies adopted major industry players.

Browse key industry insights spread across 210 pages with 317 market data tables & 12 figures & charts from the report, "Industrial Floor Coatings Market Forecast, 2017 ? 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-floor-coating-market

Asian Paints, Sherwin-Williams, RPM International, Akzo Nobel, PPG Industries, BASF, Axalta Coating Systems, Roto Polymers, Tambour, Maris Polymers, Nora System, Milliken & Company, ArmorPoxy and Florock Polymer are among the key industry players.

Other notable companies includes DSM, Dow Chemical, Apurva India, Koninklijke Grand Polycoats, The Lubrizol, Plexi-Chemie, Michelman, Pro Maintenance and Ardex Endure.

Browse Related Reports:

Concrete Floor Coatings Market size was more than USD 850 million in 2015 and is estimated to witness growth more than 7% over the projected timespan. Robust growth in the construction industry, including both residential & commercial, across the globe is the major factor propelling the concrete floor coatings market size by 2024. The overall construction spending in 2013 was roughly around USD 7 trillion and is likely to exceed 13 trillion.

https://www.gminsights.com/industry-analysis/concrete-floor-coatings-market

Global Architectural Coatings Market size is majorly driven by the developments in the construction industry and rising demand for exotic coatings. Increasing number of commercial buildings coming up throughout the globe will propel the market for architectural coatings. With the global shift towards Asia Pacific for commercial spaces, the architectural market size is forecasted to grow significantly from 2016 to 2024.

https://www.gminsights.com/industry-analysis/architectural-coatings-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected] 
Web: https://www.gminsights.com 
Blog: https://www.gminsights.com/blogs 
Connect with us: Facebook | Google+ | LinkedIn | Twitter

Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Global Market Insights, Inc.


These press releases may also interest you

at 08:00
Verdagy, a renewable hydrogen electrolysis company with over a decade of technology and product development experience, announced today that Shell provided technical endorsement of Verdagy's eDynamic® electrolyzers. This major step qualifies Verdagy...

at 07:30
ENGlobal Corporation , a provider of innovative engineering project solutions focused on the energy industry, announced that it will file its 2023 annual report on Form 10-K with the U.S. Securities and Exchange Commission for the year ended December...

at 07:15
SinglePoint Inc (CBOE: SING) ("SinglePoint" or "the Company") subsidiary Boston Solar, a proud partner of the Boston Red Sox and a leading provider of solar energy solutions, proudly announces their transformative solar installation project at Pelham...

at 07:00
Canadian Solar Inc. (the "Company", or "Canadian Solar") , today issued the following comment: Canadian Solar recently became aware that Maxeon Solar Pte. Ltd. ("Maxeon") has filed a patent infringement lawsuit against Canadian Solar, Inc. in the...

at 07:00
McDermott today announced mechanical completion of a pioneering industrial-scale biosurfactant plant for Evonik. Less than two years from contract award, Evonik has achieved initial production of Rhamnolipids, a bacterial surfactant with the...

at 06:45
Ur-Energy Inc. (the "Company" or "Ur-Energy") is pleased to announce the appointment of Ryan S. Schierman as Ur-Energy's Vice President Regulatory Affairs.Ur-Energy Chairman and CEO, John Cash, stated, "We are pleased to...



News published on and distributed by: