Anti-Slip Coating Market: Industrial floors to be coated with anti-slip coating
Posted by rohan on January 10th, 2020
The growth in industrialization and new Research & Developments in the chemical sector, promises the growth of the Global Anti-Slip Coating Market. The increasing growth rate is an average of 6.5% globally, due to the demand in increasing industries. Dow DuPont, a leading shareholder in the Global Specialty Polystyrene Resin market, has proposed to break into a total of 3 entities, which may affect the market. The market will become complicated as businesses worth nearly USD 8 billion will be transferred from its Materials Science division to its Specialty Products division, in terms of sales. The Global Anti-Slip Coating market size was around $ 105 million by the end of 2018. It is anticipated to grow at a 6.5% CAGR to reach $ 161 million by 2023.
Market Drivers and Restraints:
The demand for the anti-slip coating in the industrial and ceramic sectors is the primary driver of this market. As the safety of the workers is of significance, every industrial floor is coated with anti-slip coating. Easy availability of raw materials to the market and demand site being close to manufacturing sites, in a way, makes the market profitable.
Less technology on the different types of resin which could be used is a restraint of the Global Anti-Slip Coating market. Also, some environmental loss caused by the production of the coating material acts as a restraint to the Anti-Slip Coating market.
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Report segmented as:
By End-use Industry:
By geography, the Global Anti-Slip Coating market is segregated into Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. Asia Pacific had the largest market share in the year 2018 and is estimated to be the quickest-growing market, attributed to its high CAGR. This region is ruling in both production and consumption due to the easy access to raw material required for the market. The large customer base in the regions like India and China (of about 35% of the global population) and low-cost labor in these regions is one of the reasons for its dominance in this region. North America and Europe have a decently stable Global Anti-Slip Coating market, as the leading industries in these regions are self-sustainable for the requirement in their region.
Important Market Players:
The leading shareholders of the Global Anti-Slip Coating market by the end of 2018 are Dow DuPont(US), 3M (US), Skidproof Ltd. (UK), PPG Industries (US), Axalta Coating Systems (US), Hempel A/S (Europe), RPM International (Mexico), Sherwin Williams (US), Amsteps Products (England), Randolph Products (UK), Anti-slip Anywhere (US), Safemate Anti-slip Pvt. Ltd. (Germany),, Industrial Applications Inc. (UK), Halosurfaces International Ltd. (New Zealand), North Central Electric (US), Paramelt RMC B.V (Netherlands), Wooster Products (US), Tesoplas (England), American Safety Technologies (US), and Diamond Safety Concepts (Japan).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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