{"id":560187,"date":"2021-08-30T09:38:02","date_gmt":"2021-08-30T09:38:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=560187"},"modified":"2021-08-30T09:38:02","modified_gmt":"2021-08-30T09:38:02","slug":"increasing-penetration-of-biobased-floor-coatings-owing-to-growing-environmental-concerns-among-end-users","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/increasing-penetration-of-biobased-floor-coatings-owing-to-growing-environmental-concerns-among-end-users_560187.html","title":{"rendered":"Increasing Penetration of Bio-Based Floor Coatings Owing to Growing Environmental Concerns Among End Users"},"content":{"rendered":"
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Industrial Floor Coatings Market report by \u201cFact.MR \u2013 Market Research And Insights\u201d\n<\/div>\n<\/div>\n<\/div>\n
Increasing usage of floor-protective material by various industries is driving the industrial floor coatings market growth<\/div>\n

As per a study by Fact.MR, a market research and competitive intelligence provider, the global industrial floor coating market is forecast to reach a valuation of around US$ 7Bn by 2031, rising at a CAGR of approximately 3% during the assessment period 2021-2031.<\/p>\n

Increasing industrialization in the developed economies is a key factor driving demand for industrial floor coatings.<\/p>\n

Due to the outbreak of COVID-19 pandemic, the industrial floor coatings registered tepid growth, nonetheless the market’s valuation stood at around US$ 5Bn in 2020. Thanks to the increasing incorporation of bio-based floor coatings, the market is poised to expand at a positive rate during the forecast period.<\/p>\n

Rapid adoption of bio-based floor coatings<\/a> can be attributable to increasing environmental concerns. Rising focus on sustainable solutions will emerge as a chief growth driver in the coming years.<\/p>\n

The manufacturing sector is anticipated to garner high requisition for industrial floor coatings and is forecast to post a CAGR of over 5% CAGR based on volume over the assessment period. Increasing internalization and trade volumes have been encouraging manufacturing sector growth. This will in turn fuel scope for industrial coatings applications.<\/p>\n

Epoxy coatings are widely used in the commercial and industrial sectors for coating concrete floors. Key properties of epoxy coatings such as impact resistance, abrasion resistance and chemical resistance are fueling their demand across various end- user sectors.<\/p>\n

The demand for epoxy industrial floor coatings is poised to expand at a CAGR of approximately 4% and reach at a market valuation of US$ 4 Billion by the end of 2031.<\/p>\n

“Companies operating in the market are swayed by the increasing demand on sustainable solutions by consumers. Consequently, there is high focus on manufacturing bio-based industrial coatings,” said a lead analyst at Fact.MR<\/strong><\/em><\/p>\n

Request a report sample with 170 pages to gain comprehensive insights at<\/strong><\/p>\n

https:\/\/www.factmr.com\/connectus\/sample?flag=S&rep_id=6250<\/strong><\/p>\n

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Key Takeaways:<\/strong><\/p>\n