Wednesday, 12 August 2020
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Friday, 31 Jul 2020 07:49 pm

Asia Pacific Floor Coating Market Study Offering Deep Insight Related to Growth Trends Until 2027

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 segmented into Type, Formulation, Coating Component, Flooring Material, Application, and Countries.

By SMN Bureau

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.

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.

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In numerous industrial settings, such as warehouses, airplane hangars, assembly plants, paint shops, body shops, and distribution facilities, concrete floors are subject to wear and tear from exposure to harsh as well as corrosive chemicals and oils, and damage by scratches and abrasions caused by heavy machines and equipment such as airplanes and forklifts. Floor coatings impart durability and strength to the normal concrete floors. They provide protection to the concrete floors from abrasions and wear from the constant movement of automated guided vehicles, sliding carts, forklifts, etc. Moreover, the slip resistance provided by these coatings to floors help minimize the accidents on work floors. The rising importance of ensuring workplace safety and worker welfare has led to high consumption of floor coatings in industrial applications. The deployment of floor coatings in industrial applications to increase the productivity by allowing faster material movement and lowering the risks of accidents at workplaces is expected to fuel the demand for industrial-grade floor coatings during the forecast period.

These factors are expected to offer broad growth opportunities in the Chemicals and Materials industry and this is expected to cause the demand for Asia Pacific Floor Coating in the market.

Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

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Asia Pacific Floor Coating Market – 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
  • Maris Polymers S.A.
  • Michelman, Inc
  • The Lubrizol Corporation
  • The Sherwin-Williams Company
  • PPG Industries, Inc
  • 3M Company
  • Sika AG
  • Nippon Paint Holdings Co., Ltd.
  • Rust Oleum

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Tags Asia Pacific Floor Coating Market Asia Pacific Floor Coating Market share Asia Pacific Floor Coating Market Trends Asia Pacific Floor Coating Market Analysis Asia Pacific Floor Coating Market Growth Asia Pacific Floor Coating Market Size

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