Floor Coatings Market Overview:
Floor Coatings Market is set to capture a CAGR of 7.2% till 2022. Rapid globalization and industrial boom in various parts of the world is supporting the growth of the market.
Floor Coatings Market Major Key Players:
- Akzo Nobel N.V. (the Netherlands)
- BASF SE (Germany)
- The Dow Chemical Company (U.S)
- Arkema S.A. (France)
- The Sherwin-Williams Company (U.S)
- Asian Paints Ltd. (India)
- RPM International Inc. (U.S)
- 3M Company (U.S)
- PPG Industries, Inc. (U.S)
- CPC Floor Coatings (U.S)
are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Floor coatings Market.
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Floor Coatings Market Segmental Analysis:
This report includes a comprehensive segmental analysis of the global floor coatings market based on coating component, resin type and end user.
Some of other key characteristics of polyaspartic include zero VOC emission, UV stable, low viscosity equivalent to water and bubble free surface even in unfavourable conditions. Polyaspartic floor coatings also have high abrasion resistance and fast curing time, which makes such as coatings sought-after.
By end user, the market has been segmented into industrial, commercial and residential. A sharp rise in construction activities and increase focus on infrastructure development in many of the fast-developing countries in regions such as APAC, MEA and LatAm has booted the global sales of floor coatings. Rapid industrialisation and development future-ready buildings has created tremendous market opportunities for floor coating suppliers in recent years and the trend is likely to continue beyond 2019. Product innovation is expected to remain a key area of focus for manufacturers in the years to come.
Floor Coatings Market Regional Analysis:
Globally, the market for floor coatings is driven by the region Asia pacific, rapid development in construction and oil & gas industries population is driving the floor coatings market. The chief function of a protective coating is to prevent moisture and oxygen from reaching the substrate. Floor coatings materials are extensively used in the air conditioning applications (HVAC) to maintain cooling and humidity control in residential and non-residential properties, and public transport. Floor coatings materials possess low thermal conductivity, high levels of shear and compression strength, low density and light weight, and strong adhering properties. These materials help to conserve mass, energy and cost economize various industrial processes.
These coatings can be formulated in a wide range of colors and finishes while still maintaining high levels of chemical resistance and durability. As good and as tough as these coatings may be, they are still vulnerable to delamination and, in some cases, blistering. On the other hand, emission of harmful volatile organic compounds (VOCs) when exposed to extreme harsh conditions of temperatures and chemical attacks which is in turn expected to influence floor coatings market.
Floor Coatings Market Table of Content to be Continue……,
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