Floor Coatings Market Key Players:
The major participants of this market are: BASF SE (Germany), Sherwin Williams Company Inc (US), The Dow Chemical Company (US), Akzo Nobel NV (Netherlands), The Arkema Group (France), Asian Paints PPG Pvt. Ltd (India), Nora Systems Inc. (Germany), RPM Internationals Inc. (US), Maris Polymers (Europe), Tambour (Israel) and others.
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Floor Coatings Market Overview:
Global Floor coatings market is growing rapidly post 2018 as the market is boosted due to growing demand of decorative floor and construction activities across the globe. The market size is expected to increase at CAGR of 7.2% by the end of 2022.
Floor Coatings Market Segmentation:
Global Floor Coatings market is majorly segmented on the basis of resin types, coating component and end user. Based on resin types of floor coatings the market is segmented into epoxy, polyaspartic, polyurethane and others. Similarly, on the basis of coating component the market is classified into 1K, 2K, 3K and others. Further, based on end user, floor coating market is segmented into residential, commercial, and industrial.
Floor Coating Market Regional Analysis:
Geographically, Asia-Pacific is largest consumer of floor coatings with more than 35% of market share in global floor coatings market. Huge investment in building and construction along with infrastructure development has fuelled the demand for floor coatings in coming years. China is major revenue generating country due to growing construction activities which leads to decorative floor coating in various industries. Europe & North America accounts for second and third market share respectively.
Floor Coatings Market Competitive Analysis:
Floor Coatings Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the floor coatings market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for floor coatings materials in residential and industrial applications will influence the end user products from these industries. Floor coatings market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Floor Coatings Market Table of Content to be Continue………
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