The global industrial floor coating market size was valued at $5,899.2 million in 2020, and is projected to reach $9,485.8 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Floor coatings are strong, protective coverings that are often utilized for industrial or commercial flooring when corrosion or excessive wear is expected. These floor coverings are also utilized to brighten or define facilities, direct traffic, and hide discolored concrete, among other things.
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- The Industrial Floor Coating Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
- The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.
The Industrial Floor Coating Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.
Competition Analysis
Key companies profiled in the report include BASF SE, Cipy Polyurethanes Pvt. Ltd., Cornerstone Flooring, Don Construction Products Ltd., Fosroc, Inc., MAPEI S.p.A., RPM International Inc., Sika AG, Twintec Group Limited, and VIACOR Polymer GmbH. Product launch is the key strategy being adopted by leading players to remain competitive in the market. For instance, in December, 2019, BASF, a Germany-based multinational chemical company, launched MasterTop XTC solution, a high-performance flooring system with unique material characteristics and high durability.
Covid-19 scenario:
The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.
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The report provides a study of the past and current market trends and evaluates the future opportunities. The Industrial Floor Coating Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.
The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.
Major market players analyzed in the report:
The report includes a comprehensive study of major market players including are
The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.
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