The report "Industrial Floor Coating Market by Resin Type, Flooring Material (Concrete, Mortar, Terrazzo), Coating Component, Technology, End-use Sector (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2024" The global industrial floor coating market size is projected to grow from USD 5.5 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 4.6% from 2019 to 2024. The market is projected to grow in accordance with the growth of various end-use industries across the globe. Factors such as an increase in the industrial and commercial construction, along with the demand for floors in industrial facilities to withstand various chemical attacks & environment conditions, are expected to support market growth during the forecast period.

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In terms of value and volume, the epoxy segment is estimated to lead the industrial floor coating market in 2019.

The epoxy segment, by resin type, accounted for the largest market share among all the resin types because of the various properties of epoxy. Some of them include high adhesion, impact resistance, flexibility, and resistance to chemicals and solvents. Despite being more expensive than the other types of coating binders, the market for epoxy resins witnesses the largest demand due to features such as flexibility, superior adhesion, and corrosion resistance when applied on metallic substances.

In terms of value and volume, the concrete segment is estimated to lead the industrial floor coating market in 2019.

The concrete segment, by flooring material, led the industrial floor coating market in 2018, in terms of value and volume. Factors such as lower cost of concrete, its superior durability, and its tensile strength make it the widely used material for the construction of industrial floors. Coatings protect concrete floors from degradation due to contamination and also prevent the growth of microbes on floor surfaces. It also provides concrete flooring with excellent chemical resistance, ease of maintenance, enhanced aesthetic appeal, and superior structural performance.

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PPG Industries, Inc. (US), AkzoNobel N.V. (The Netherlands), The Sherwin-Williams Company (US), BASF SE (Germany), and RPM International Inc. (US) are the key players operating in the industrial floor coating market. Expansions, acquisitions, partnerships, investments, divestitures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the industrial floor coating market.