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Effect of Covid-19 on Asia Pacific Floor Coating Market by 2019-2027| Maris Polymers S.A., Rust Oleum, 3M Company

Asia Pacific floor coating market is accounted to US$ 905.6 Mn in 2018 and is predicted to grow at a CAGR of 7.1% during the forecast period 2019 – 2027, to account for US$ 1,675.0 Mn by 2027.

By SMN Bureau
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The Asia Pacific Floor Coating Market is growing along with the Chemicals and Materials industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

Floor coatings are surface coatings applied on concrete surfaces to enhance its wear and abrasion resistance and prolong life. They are inert to oils, detergents and cleaners, transmission fluids, water, hail, snow, and corrosive chemicals. Floor coatings impart waterproof, anti-static, anti-vibration, and anti-skid properties to concrete floors and hence are favored in many industrial, as well as construction industries.

Asia Pacific floor coating market is accounted to US$ 905.6 Mn in 2018 and is predicted to grow at a CAGR of 7.1% during the forecast period 2019 – 2027, to account for US$ 1,675.0 Mn by 2027.

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The Asia Pacific floor coating market is bifurcated based on flooring material as wood, concrete, mortar, terrazzo, and others. The concrete segment dominated the Asia Pacific floor coating market in 2018. The concrete flooring material is not only durable, reliable, and incredibly long-lasting, but also developed a reputation for being austere, utilitarian, and course underfoot. However, modern advancements have given the flooring professionals a variety of design options that are allowing them to reinvent this primary building material entirely. Today concrete floors have the option to be polished smooth or even be textured to provide traction.

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ASIA PACIFIC FLOOR COATING MARKET SEGMENTATION

By Type   

  • Epoxy
  • Polyurethane
  • Acrylics
  • Polymethyl Methacrylate
  • Others

By Formulation

  • Solvent-Based
  • Water-Based

By Coating Component

  • 1k
  • 2k
  • 3k

By Flooring Material

  • Wood
  • Concrete
  • Mortar
  • Terrazzo
  • Others

By Application

  • Residential
  • Commercial
  • Industrial

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Company Profiles

  • Axalta Coating Systems Ltd
  • Michelman, Inc
  • The Lubrizol Corporation
  • The Sherwin-Williams Company
  • PPG Industries, Inc
  • 3M Company
  • Sika AG
  • Nippon Paint Holdings Co., Ltd.

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Tags Asia Pacific Floor Coating Market Size Asia Pacific Floor Coating Market Asia Pacific Floor Coating Market Research Asia Pacific Floor Coating Market Insight Asia Pacific Floor Coating Market Trends

SMN Bureau

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