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Industrial Floor Coating Market Trends, Top Manufactures, Market Dynamics, Industry Growth Analysis & Forecast

Global Industrial Floor Coating Market Information, By Flooring Material (Concrete, Mortar, Terrazzo), By Application (Residential, Commercial, and Industrial) and Regions - Forecast 2016-2022.
Published 23 January 2018
Pune, India,  January 23, 2018/MRFR Press Release/- Market Research Future published a  Half Cooked Research “Global Industrial Coating Market Research Report - Forecast to 2022”- Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022

AkzoNobel N.V, BASF SE, PPG Industries Inc., Valspar (U.S.), Sherwin-Williams Co. Ltd, DuPont Co, NOROO Paints & Coatings, Asian Paints, Burke Industrial Coatings, and Industrial Nanotech, Inc. are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the Global Industrial Coatings Market.

Industrial Coating Global Market – Overview
Industrial Coating are used for a multiple applications across industries for a range of advantages it offers. Primarily for protecting the substances from various types of corrosion. Specifically to prevent concrete or steel from corroding and to make these materials more fire resistant. Industrial Coatings are extensively used in industries like automotive, building & construction, marine, O&G, medical & healthcare. Government legislation regarding Volatile Organic Compound (VOC) content has augmented the demand for innovative and bio based coatings that can offer increased service life & improve corrosion resistance. This demand from the end user industries have prompted the manufacturers to develop environmentally sustainable Industrial Coating which offer similar coating properties compared to established systems. These factors are fueling the market growth of Industrial Coating globally allowing market to garner phenomenal prominence.

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Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Industrial Coating market is expected grow to USD 31.4 billion by 2022, registering 3.9 %  of a CAGR during the anticipated period (2016 – 2022).  In 2016, the market was valued to be USD 24.2 billion.

Demand from the burgeoning industries like automotive, construction, healthcare are predominantly driving the market growth fueling the demand for protective & maintenance coatings, coil coatings, packaging coatings, wood coatings and marine coatings. Additionally, increase in demand for fire resistant and corrosion resistant especially from the building & construction sector has estimated to increase the demand of industrial coating in the forecasted period. Coil coatings and general finish coatings are too witnessing an augmented demand in the electrical and automotive sector which is estimated to propel the market growth.

Worldwide Industrial Coating Market – Segmentation
The Industrial Coating Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

By Types: Comprises Water Based Coatings, Powder Coatings, & Solvent Based Coatings.

By Application: Automotive OEMs, Marine Coatings, Protective & Maintenance Coatings, Coil Coatings, Packaging Coatings, Wood Coatings and others.

By Regions:  North America, Europe, APAC and Rest of the World.

Liquid or water based coatings accounts for largest market share owing to the low Volatile Organic Compound (VOC) content which leads to less carbon emission in the environment.

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Worldwide Industrial Coating Market – Competitive Landscape
The Industrial Coating Market appears to be highly competitive owing to the presence of numerous well-established vendors. The vendors compete in terms of price, quality, branding, and customer service. Since product differentiation is low and a wide range of similar products are available in the market, vendors aim to minimize the brand recall of their products among consumers through effective marketing communications. The Industrial Coating Market demonstrates a high potential growth due to which several new entrants are expected to get attracted to this market during the anticipated period.

Industry/ Innovation/Related News:
January 18, 2018 - Adaptive Surface Technologies, Inc. (UK) a global provider of line of industrial coatings announced the product launch of SLIPS® Repel. Designed for large industrial liquid containers, SLIPS®Repel coatings create a slippery, self-healing liquid layer on surfaces to allow sticky materials to easily flow through industrial production systems with virtually no residue left behind.

January 16, 2018 - Axalta Coating Systems (US) global provider of Industrial coatings providing with innovative, colorful, beautiful and sustainable solutions for automotive OEM announced the launch of two new apps and a new feature to an existing app that are designed to help customers complete tasks more quickly and accurately. Some more features of Axalta Apps include ‘General Industrial Product System Selector App’ analyses user inputs to recommend best coatings solution, ‘China OEM and Refinish Digital Color App’ boosts productivity with on-demand library of more than four million color formulas, snap a picture, and get a color match with the north America ‘Industrial Color Matching App’ for liquid and powder coatings.
Worldwide Industrial Coating Market – Regional Analysis
Geographically, Asia-Pacific region accounts for largest market share owing to rapid industrialization, increase in demand from end user industries like automobile and construction along with government initiatives to increase FDI will fuel the market growth. China is major revenue generating country due to growing demand of paints & coatings. Europe & North America accounts for second and third market share respectively. Other countries like Indonesia, Thailand, and Brazil are focusing on setting an automotive OEMs to increase trading with other countries. 

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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