India Floor Coatings Market – Industry Analysis and Forecast (2019-2027)

 India Floor Coatings Market accounted for US$ XX Mn in 2019 and is anticipated to reach US$ XX by 2027, registering a CAGR of XX % during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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India Floor Coatings Market Dynamics
Increase in demand from end-users such as commercial, industrial, and residential. Favorable government initiatives such as “Make in India” and the rise in investment in infrastructural development increase the importance of floor coatings. In addition, economic development drives urbanization and industrialization, which has a positive impact on the floor coatings market. Growth in commercial activities, such as the construction of new hotels and restaurants provides significant growth opportunities for the floor coating market in India. Along with the healthy growth rate maintained by industrialization, the buoyant urban infrastructure scenario is driving the market.
Segment Analysis of the India Floor Coatings Market
The epoxy segment has gained popularity in the Indian market as they exhibit abrasion, slippage, spillage, heat, and chemical resistance hence is dominating the India floor coating market. Epoxy floor coatings are applied seamlessly, antistatic, and are easy to maintain. Epoxy coatings are used on floors for commercial buildings, walkways, even on walls or ceilings at times, and most commonly on garage floors. Many facilities are experiencing the benefits of epoxy flooring for commercial or industrial buildings such as manufacturing plants, warehouses, pharmaceutical buildings, food or beverage plants, even laboratories.
The two-component (2K) segment dominated the market in 2019. Two-component floor coatings offer unique mechanical properties, superior weather resistance, high chemical resistance, and enable rapid curing and could withstand high temperatures when cured and thus can be applied at nearly any temperature. This in turn increases the adoption of two-component coatings in industrial applications. Two-component floor coating offers resistance to vibration, shock, ability to withstand thermal cycling, gap-filling capabilities, strong adhesion to similar and dissimilar substrates, even stress distribution, long-term durability, and is easy to apply.
The mortar segment dominated the market in 2019, owing to its low-cost and high strength. This in turn increased the adoption of mortar floor structures for outdoor walls. While, the residential segment dominated the market in 2019, owing to the construction of new residential spaces. This in turn increased the adoption of floor coatings for residential construction.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding floor coatings market dynamics, structure by identifying and analyzing the market segments and project the market size.
Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
India Floor Coatings Market, Key Highlights:
• India Floor Coatings Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the India Floor Coatings Market
• India Floor Coatings Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• India Floor Coatings Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• India Floor Coatings Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the India Floor Coatings Market are also profiled
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Scope for the India Floor Coatings Market: Inquire before buying
India Floor Coatings Market, by Binder:
• Epoxy
• Thermoplastic
• Thermoset
• Others
India Floor Coatings Market, by Coating Component
• One Component (1K)
• Two Component (2K)
• Three Component (3K)
India Floor Coatings Market, by Floor Structure
• Wood
• Terrazzo
• Mortar
• Others
India Floor Coatings Market, End-User:
• Residential
• Commercial
• Industrial
India Floor Coatings Market Report Key Player
• Akzo Nobel N.V.
• Akema S.A.
• Asian Paints Ltd.
• Berger Paints India Limited
• DowDuPont
• Flowcrete India Pvt. Ltd.
• Indigo Paint
• Kansai Nerolac Paints Limited
• Sika Industries Ltd
• 3M
• Sherwin-Williams company
• PPG Industries
• Conpro Chemicals
• Carbolink India Pvt. Ltd.
• British Paints
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