Global Floor Coatings Market Information-by resin types (Epoxy, Polyaspartic, Polyurethane and others), by coating component (1K,2K,3K and others), by end user (Residential, Commercial, and Industrial) and by Region - Forecast to 2022
Pune, India -- (SBWIRE) -- 05/16/2018 -- Floor Coatings Market is used for protecting concrete, tiles, wooden floors etc. from corrosion and climatic condition. Floor Coatings is applied in order to increase shelf life with low maintenance and cost effective. These coating contains resins which protect them from oxidation and moisture. Owing to operational advantages, different varieties of Floor Coatings possesses various characteristics to suit various environment.
Floor Coatings are segmented on basis of resin type, coating component and end user. Based on resin type, Floor Coating Market is segmented as epoxy, polyaspartic, polyurethane and others. Epoxy floor coatings is largest market share owing to high wear & tear resistance, high chemical resistance and high durability. Polyaspartic Floor Coatings is expected fastest growth owing to superior properties such as high abrasion, rapid curing and high UV protection. Development of bio based polyurethane is expected to open opportunity for Floor Coating Market over the forecasted period.
According to coating component, Floor Coating is segmented into 1K, 2K and 3K. 1K or single component is highly sensitive to moisture and humidity. It evaporates when exposed to air and do not require hardener, activator or catalyst. Other coating component like 2K or single component is highly preferred choice of manufacturer owing to faster curing and strong hardness and protect from heat, UV rays and chemicals.
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Asia Pacific accounts for largest share of Global Floor Coatings Market. China being a largest producer of paints & coatings demand for Floor coatings on a large scale. Rapid industrializations, favorable government regulations and increase in consumer spending will significantly grow the Floor Coatings Market in emerging economies such as China, India and Japan. The market in North America is witnessing a constant growth due to stable marine activities, currency fluctuations as a result of uncertainties post-recession and slow growth of construction activities. Government of counties like Indonesia, Thailand, Malaysia are increase trade which is supporting industries through tax subsidies, regulations and incentives.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 85 pages of the project report. Go through the in-depth table of content (TOC) & market synopsis on "Global Floor Coatings Market Research Report –Global Forecast to 2022.
Global Floor Coatings Market Players:
BASF SE (Germany)
Sherwin Williams Company Inc (US)
The Dow Chemical Company (US)
Akzo Nobel NV (Netherlands)
The Arkema Group(France)
Asian Paints PPG Pvt. Ltd (India)
Nora Systems Inc.(Germany)
RPM Internationals Inc.(US)
Maris Polymers (Europe)
The Global Floor Coatings Market is majorly segmented on the basis of resin types, coating component and end user. Based on resin types of Floor Coatings the market is segmented into epoxy, polyaspartic, polyurethane and others. Similarly, on the basis of coating component the market is classified into 1K, 2K, 3K and others. Further, based on end user, Floor Coating Market is segmented into residential, commercial, and industrial.
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