The demand for additives for floor coatings has triggered the manufacturers of additives for floor coatings market to produce high-quality additives to ensure effective delivery for the customer’s requirements.
Additives for floor coatings are being produced on a large scale owing to the significance given to the floor beautification and overall aesthetics in the household as well as commercial sector.
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Additives for Floor Coatings Market Highlight: Additives for Floor Coatings with Anti-slip Technology
While there are various alternatives and options in the additives for coatings market, the anti-slip technology is gaining greater traction owing to its endless benefits. The participants of the additives for floor coatings market are harnessing these benefits by manufacturing and distributing these additives for floor coatings in the developed countries that showcase greater demand for additives for floor coatings for their industrial and other floors.
In line with this approach are various market contributors such as Tennant Coatings, Protective Industrial Polymers (PIP), All Garage Floors, and others. Leveraging the slip resistant technology, the players of the additives for floor coatings market are seen gaining a competitive edge while focusing on providing new innovative additives for floor coatings in future.
Market Dynamics
Rising awareness among the industrial sector as well as other end users about the benefits of additives in floor coatings such as anti-slip, chemically resistant, mechanically durable, aesthetically pleasing properties also serve as a fuel to the high demand of additives of floor coatings. Increased industrialization and modern urbanization are the prominent factors that have tremendous potential to boost the market.
On the contrary, the variable prices of the raw materials required for additives for floor coatings can be one of the obstructions in the growing trend of this market. But the increasing demand from the developing nations is expected to neutralize the effect of this restraint in the near future. Innovation is a vital market for the additives for floor coatings as this can further lower the manufacturing cost.
The greater share in floor coatings consists of Epoxy systems with Urethane systems occupying a comparatively smaller share due to its unstable interaction with concrete. Also, with strict government regulations coming into picture, a shift is observed from solvent-borne additives for floor coatings to water-borne additives for floor coatings and powder based additives for floor coatings which can be a prospective opportunity for the market players.
Regional Outlook
Market growth is likely to occur widely in the developing economies with a slight share to be experienced by the developed ones as well. Asia-Pacific and Middle East & Africa are regions where substantial growth in infrastructures is being observed. The same trend is expected to be followed in the near future boosting the additives for floor coatings market in these regions.
The key market players include AkzoNobel N.V., BASF SE, BYK Additives & Instruments, Arkema Group, The DOW Chemical Company, Solvay S.A., Evonik Industries AG, Eastman Chemical Company, and Momentive Performance Materials Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Market Segmentation
Additives for floor coatings can be segmented on the basis of end use, applications and product types.
On the basis of end use, additives for floor coatings market can be segmented as:
- Industrial use
- Commercial use
- Residential use
On the basis of application, additives for floor coatings market can be segmented into:
- 100% Solid Epoxy Floor Coatings
- Water-borne Epoxy Floor Coatings
- Solvent-borne Epoxy Floor Coatings
- Solvent Free Epoxy Floor Coatings
- Encapsulant Floor Coatings
- Radiation Curable Floor Coatings
On the basis of product, additives for floor coatings can be segmented by:
- Acrylic additives for floor coatings
- Urethane additives for floor coatings
- Fluoropolymers additives for floor coatings
- Metallic additives for floor coatings
- Alkoxylates additives for floor coatings
- Other additives for floor coatings
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