In any structure, the floor is subjected to tremendous stress due to constant movement and direct load applied by the occupant or interior components such as furniture. Thus, the floor undergoes high levels of friction that causes frequent wear and tear, in turn requires frequent maintenance and repair. Floor coatings are used to ensure proper protection and maintenance of floors. These offer high resistance to chemicals, abrasion, and impact, while adding to aesthetic appeal. Floor coatings cost-effective, widely available, and easy to apply, and provide ample protection to the applied surface. A wide variety of floor coatings are available in the market, depending on the environment, structure, and specific requirements of consumers.
Increasing government investments on corporate and commercial infrastructures is expected to potentially drive demand for floor coatings. For instance, the Indian government has decided to step up the investments in infrastructure sector.
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This fuels demand for high quality floor coatings, among other things in order to ensure high aesthetic appeal without compromising on functionality. The food industry is emerging as a major end user of floor coatings, as floors of associated buildings are subjected to high levels of corrosion. Steady growth of the food industry is another factor that is expected to augment growth of the floor coatings market in the foreseeable future.
Rapid urbanization in emerging economies such as India, China, and Brazil has led to upsurge in civil construction activities, which is a key driving factor that promotes the usage of floor coatings in the residential, commercial, and industrial sectors.
Floor Coatings Market: Market Taxonomy
By Product Type
Global market can be segmented on the basis of product type as follows:
Epoxy floor coatings
Polyurethane floor coatings
Anti-slip floor coatings
Antimicrobial floor coatings
Decorative floor coatings
Thermal shock-resistant floor coatings
Global market can be segmented on the basis of application as follows:
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Key players in the global floor coatings market include Maris Polymers, Arden Endure, A & I Coatings, Megadeal flooring systems, Root This fuels demand for high quality floor coatings, among other things in order to ensure high aesthetic appeal without compromising on functionality.Polymers and Chemicals, 3M, Key Resin Company, Lubrizol, Tambour, Asian Paints, Grand Polycot’s Company Pt. Ltd, Aura India Limited, Nora Systems Inc., Key Resin Company, and Lubrizol.
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