Friday, 26 April 2024
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
By Formulation
By Coating Component
By Flooring Material
By Application
By Country
Company Profiles
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