About Floor Paints
Floor paints are tough, protective layers used in corrosion wear surfaces. Floor paints are typically used in warehouses, chemical plants, and manufacturing floors to brighten or define areas facilities, mark traffic aisles, route traffic, cover stained concrete. Floor paints are long-lasting, protective in nature, gives strength to the floor, are easy to maintain, and are cost-effective. Floors paints are darker in color than wall paints.
Attributes | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Floor Paints is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PPG (United States), The Sherwin-Williams Co. (United States), AkzoNobel (Netherlands), Nippon Paint Holdings Co. (Japan), RPM International Inc. (United States), Axalta Coating Systems (United States), BASF Coatings (Germany), Kansai Paint Co. Ltd. (Japan), Asian Paints Ltd. (India) and Jotun (Norway) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Floor Paints market by Type (Coating, Ceramic Coating, Primer, Base Coat and Others) and Region.
On the basis of geography, the market of Floor Paints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Film Drying / Air Setting will boost the Floor Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Aerosol will boost the Floor Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functions, the sub-segment i.e. Anti-Static / ESD Control will boost the Floor Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Substrate/Surface, the sub-segment i.e. Aluminum will boost the Floor Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Consumer Demand for the Protective and Glossy Surface Paints
Market Growth Drivers:
Rapid Industrialization coupled with Growing Construction Activities and Rising Applications of Floor Coating in Residential and Commercial Sectors
Challenges:
Stringent Guidelines on the Handling Process of the Floor Paints
Restraints:
Fluctuations in Raw Material Prices can hamper the Floor Paints Market Growth.
Opportunities:
Rising Government Spending on Infrastructure Activities can create Opportunities for Floor Paints Market Growth
Market Leaders and their expansionary development strategies
On 22nd February 2021, PPG acquired coatings manufacturer VersaFlex. VersaFlex specialized in polyurea, epoxy, and polyurethane coatings which are used for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications.
On 29th September 2020, PPG launches a Comprehensive Line of flooring coatings. The flooring coatings include prime cost, base coats, and topcoats. It also provides optimum performance based on the specific work environment.
According to Occupational Safety and Health Administration (OSHA) Floor Marking Guidelines, “Where mechanical handling equipment is used, sufficient safe clearances shall be allowed for aisles, at loading docks, through doorways and wherever turns or passage must be made. Aisles and passageways shall be kept clear and in good repair, with no obstruction across or in aisles that could create a hazard. Permanent aisles and passageways shall be appropriately marked.”
Key Target Audience
Floor Paints Manufacturers, Floor Paints Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.