Industrial Floor Coatings Market 2022 Regional Trend | Growth Projections to 2028

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Industrial Floor Coatings Market to at over 7.2
CAGR from 2022 to 2028 Global Market Insights,
Inc.
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Overview of Industrial Floor Coatings Market

• An often overlooked component of the industrial
  sector, the industrial floor coatings market is
  all set to churn out lucrative gains in the years
  to follow. An intrinsic surge in construction
  spending, coupled with rising number of
  small-scale producers in different economies
  around the world would as well spur the market
  demand over the span of 2022-2028.
• Ongoing advancements in the space would bolster
  the market share throughout the period. For
  instance, PPG Industries- a renowned brand in the
  industrial floor coating business- in 2020
  introduced a comprehensive line of floor coating
  systems that include topcoats, prime coats, and
  base coats.
• These are customized to offer optimum performance
  based on specific work environment. As per
  reports users can get to opt from 4 flooring
  coatings systems such as wear-resistant, urethane
  cement, general-purpose, and chemical resistance,
  with more tailored options.

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• Such developments are evident to have a
  significant impact on the industrial floor
  coatings market in the coming years, generating a
  revenue share of USD 7.5 billion by 2028 end.
• Epoxy floor coatings in the industrial spaces
  offer exceptional hardness in different colors,
  with an extended lifespan and relatively low
  maintenance. Besides, the product is considered
  to be more versatile and used to protect and
  beautify concrete floors.
• Growing demand for these coatings has enabled
  different companies operating in the floor
  coatings business to take up strategic measures
  like acquisitions, mergers, collaborations, and
  product launches to fortify their positions in
  the overall market. For instance, in 2022,
  Milburn Flooring announced the acquisition of
  Blendex Industrial Corporation. This new move is
  expected to add the epoxy division- Blendex- by
  Milburn Flooring. In addition, the strategy also
  forms a part of Milburns growth strategy in the
  region.

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• A potential alternative to epoxy coatings,
  polyurethane coatings are highly abrasion
  resistant and flexible floor coatings used across
  a host of industries like manufacturing, aviation
  and transportation, and food processing. These
  are also known for their longevity and shine.
• Recently, Covestro publicized its plans to
  establish its new production facility for
  polyurethane dispersions at its Integrated site
  in China. This novel innovation is expected to be
  used in industrial floor coatings and as
  basecoats for automotive industry.
• As per industry analysts, the polyurethane floor
  coatings segment across the overall market would
  surge to 865 million mark by 2028.
• Polyaspartic coatings are considered to be ideal
  choice amongst industrial flooring leaders. This
  can be credited to its ability to be used as a
  complete flooring system as well as a topcoat.

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• This implies that polyaspartic coatings are
  liable to accomplish in a single coat what PU and
  epoxy coatings would normally take two coats to
  achieve. Notably, this enables them to
  potentially reduce the labor and material costs
  and application times.
• Another benefit linked with polyaspartic coatings
  is the ability of these coatings to be
  customized.
• Industrial floor coatings provide exceptional
  properties and advantages that lend themselves to
  different applications. Factors like
  environmental conditions, sustainability, and
  anticipated traffic, and durability requirements,
  must be highly considered to determine which type
  of floor coatings are highly appropriate for a
  specific industry.

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