United State- Floor coatings are resinous solutions used to increase the durability of concrete, tiles, wooden floors, carpets, vinyl, and others. Floor is subjected to greatest amount of wear, and thus requires protection and careful consideration during new construction and refurbishment projects. Floor coatings prevent the floor from damages such as thermal shocks, abrasions, corrosions, and chemical attacks. They consist of sealers and sealants to protect the surface from oxidation and moisture, respectively. In addition, they contain one or more liquid resins, which are mixed with aggregates, powders, and decorative materials at the time of application, giving them a highly finished and utilitarian appearance.
Other operational advantages of floor coatings are waterproofing, puncture resistance, slip resistance, and microbial protection. They are used across industries such as commercial retail stores, medical & healthcare facilities, aviation & transportation, correctional facilities, educational institutes, restaurants, and others.
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The global floor coatings market generated revenue of $1,666 million in 2015, and is estimated to reach $2,612 million by 2022, registering a CAGR of 6.6% during the forecast period. The market is segmented based on binder type, coating component, floor structure, end user, and geography. By binder type, floor coatings market is segmented as epoxy, thermoplastic, thermoset, and others. The floor coatings are made up of resins such as epoxy, polyurethane, polyaspartics, hybrids, and acrylic. Epoxy floor coatings segment dominated the market due to factors such as high wear & tear resistance, high chemical resistance, low shrinkage, and high durability. In the year 2015, the epoxy floor coatings contributed one-third share of the global floor coatings market, and is expected to grow at a CAGR of 7.0%.
On the basis of coating components, the floor coatings market is segmented as one-component (1K), two-component (2K), and three-component (3K). According to structure, the market is segmented as wood, terrazzo, mortar, and others. By end user, the global floor coatings market is divided into residential, commercial, and industrial. The infrastructural development of residential and commercial structures in emerging economies such as India and China motivated several manufacturers of floor coatings to increase their production capacities in these regions. For instance, The Dow Chemical Company expanded its Texas facility by increasing the production capacity of glycidyl methacrylate (GMA) by 30% annually, which is a chemical used in the production of epoxy resins.
Geographically, the floor coatings market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the floor coatings market in 2015, and is anticipated to maintain this trend. This is attributed to growth in population, increase in standard of living, and rise in construction industries & multinational companies, especially in India and China. The leading companies operating in the global floor coatings market include
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BASF SE Akzo Nobel NV Tambour The Dow Chemical Company The Arkema Group The Sherwin Williams Company Inc. Maris Polymers Nora Systems Inc. Asian Paints PPG Pvt. Ltd. RPM Internationals Inc.
The report provides an extensive analysis of the current trends, drivers, and dynamics of the global floor coatings market to elucidate the prevailing opportunities and the probable investment pockets. It offers qualitative trends as well as quantitative analysis from 2014 to 2022 to assist the stakeholders to understand the market scenario. In-depth analysis of the key segments demonstrates the consumption of floor coatings in different applications across various industries. Competitive intelligence highlights the business practices followed by key business players across the geographies as well as the prevailing market opportunities. Key players are profiled along with the strategies and developments, which portray the competitive market outlook.
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Floor Coatings Market also experienced a slowdown. Statista estimates that the industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.
The degree of competition among prominent global companies has been developed by analyzing several leading Floor Coatings Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.]A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries.
One-component (1-K) Two-component (2-K) Three-component (3-K)
Residential Indoor Outdoor Commercial Garage Warehouses Retail outlets Others Industrial Food & beverages Chemicals IT & software Others
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North America U.S. Canada Mexico Europe Germany France UK Italy Rest of Europe Asia-Pacific China India Japan Rest of Asia-Pacific LAMEA Brazil Turkey Africa Rest of LAMEA
OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE
Ardex Endura Grand Polycoats Company Pvt. Ltd Key Resin Company Lubrizol Apurva India Ltd. A & I Coatings Milliken & Company Michelman Inc.
Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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