Industrial Expansion in Emerging Economies & Growing modern building techniques booming the growth of Industrial Floor Coating.

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Growth Drivers:
-Increase in Need to Protect Concrete Floors in Industrial and Commercial Facilities
-Industrial Expansion in Emerging Economies

Opportunities:
-Increase in Industrial and Commercial Constructions

The industrial floor coating market is expected to witness significant growth as a result of the recovery of the global economy and high rate of industrialization in the Asia-Pacific region. Growth in modern retailing, rise in consumer income and employment, and increase in demand for new commercial and industrial construction projects are some of the other factors influencing the growth of the industrial floor coating market.

The industrial floor coating market was valued at USD 4.75 Billion in 2016 and is projected to reach USD 6.07 Billion by 2021, at an estimated CAGR of 5.0% between 2016 and 2021.Factors such as the comparatively lower cost than other materials used for flooring and superior durability and tensile strength make concrete the most widely used material for the construction of industrial floors.

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Key Players:
The global market for industrial floor coating is dominated by major players such as PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), RPM International Inc. (U.S.), 3M Company (U.S.), The Dow Chemical Company (U.S.), Koninklijke DSM N.V. (Netherlands), The Lubrizol Corporation (U.S.) and Asian Paints PPG Pvt. Limited (India).