India Floor Coatings Market by Binder (Epoxy, Thermoplastic, Thermoset and Others); By Coating Component (One Component, Two Component and Three Component); By Floor Structure (Wood, Terrazzo, Mortar and Others); By Application (Residential, Commercial and Industrial); by Region (North India, South India, Western India and East India)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Floor coating is used to improve the longevity of concrete, tiles, floors of wood, tapestries, vinyl, and other materials. These are anti-static, vibration-resistant, and waterproof and have stylish surfaces and bare concrete finishes. They consist of sealers and sealants to form a barrier against oxidation and moisture. Since the floor is susceptible to maximum harm, it demands security and due consideration in new building and renovation work. The floor coatings protect the concrete from damage, such as thermal shocks, abrasions, corrosions, and chemical attacks.
Indian Floor Coatings Market is anticipated to reach USD XXXX million in 2030 from USD XXXX million in 2019 growing at a CAGR of XX.XX% during the forecast period, i.e., 2019-2030. Increasing awareness about the advantages that floor coatings offer in manufacturing, commercial and residential areas and the production of environmentally friendly floor coverings are major factors driving the growth of India’s floor coatings market.
India Floor Coatings Market: Segments
Growing popularity of Epoxy segment
Indian Floor Coatings market is segmented by binder into epoxy, thermoplastic, thermoset and others. In the Indian market, the Epoxy segment is dominating the floor coating market with increase in abrasions, slippages, waste, heat, and resistance to chemicals. The floor coatings of Epoxy are expected to grow at fastest CAGR during the forecast period as they are smooth, anti-static and easy to take care of. Epoxy coatings are used on industrial buildings, walking paths and sometimes even on walls or ceilings, usually on garage floors. For commercial or industrial buildings, like production plants, supermarkets, pharmacy buildings, food and beverage plants and even labs, many plants benefit from epoxy flooring.
India Floor Coatings Market: Market Dynamics
Floor coatings are an inexpensive way of making the floor on a concrete surface that is appealing. The application of epoxy floor coating is a job that reduces the expense of skilled installers, simultaneously adding shine, lustre and other features.
For a hard floor in the garage or basement, epoxy floors are a long-lasting choice. The car will cause issues for the material you choose for your floor in a garage you use for parking. The thermal tires in a vehicle can cause paint peel, but floors that are epoxy can withstand automotive hazards. Floors with epoxy resist to peeling, cracking and tinting.
India Floor Coatings Market: Regional Analysis
Indian Floor Coatings market is segmented on the basis of regional analysis into four major regions. These include North India, South India, Western India and Eastern India. Geographically, North India captured the largest share of the flooring market in India in 2019. Floor coatings are growing in importance with supportive government policies like Make in India and increased investments in infrastructures. Moreover, in the Indian market for floor coating, expansion in commercial activities including the development of new hotels and restaurants offers significant potential for growth.
· Akzo Nobel N.V.
Key Product Offerings
Key Performance Indicators
· Asian Paints Ltd.
· Akema S.A.
· Berger Paints India Limited
· Indigo Paint
· PPG Industries
· Conpro Chemicals
· Kansai Nerolac Paints Limited
· Carbolink India Pvt. Ltd.
Indian Floor Coatings Market Report also contains an analysis on:
· India Floor Coatings Market by segment:
• By Binder
• By Coating Component
• By Floor Structure
• By Application
• By Region
· India Floor Coatings Market Size
· India Floor Coatings Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints