The report “Industrial Floor Coating Market by Resin Type, Flooring Material (Concrete, Mortar, Terrazzo), Coating Component, Technology, End-use Sector (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region – Global Forecast to 2024″ The global industrial floor coating market size is projected to grow from USD 5.5 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 4.6% from 2019 to 2024.
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Recent Developments
- In December 2019, AkzoNobel acquired Mauvilac Industries Limited (Africa), a manufacturer of paint and coating. This initiative includes the acquisition of Mauvilac Industries’ local manufacturing facility, four concept stores, and a strong distribution network. This strategic initiative is expected to strengthen AkzoNobel’s footprint in Sub-Saharan African markets.
- In October 2019, AkzoNobel introduced a new range of powder coating ‘Interpon Redox,’ which is an ideal solution for corrosion protection. This powder coating may be used to all array of surfaces, substrates, and environments (such as cable cars, window frames, wind turbines, and chemical plants).
- In July 2019, AkzoNobel invested USD 4 million (3 million Euros) in Changzhou powder coatings plant in China, with an aim to enhance its production facilities as well as supply chain. Furthermore, the company invested in adding three new production lines at the same plant in China.
On the basis of technology
- Water-borne
- Solvent-borne
On the basis of end-use sector
- Manufacturing
- Aviation & transportation
- Food processing
- Science & technology
- Others (car parks, hospitality, healthcare, and fire & public safety sectors)
On the basis of region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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