Chemical Industry Growth: Paint Plasticizers, DMPA, and Floor Coatings Markets Set to Expand

Paint Plasticizers Market to Grow by USD 542.9M from 2024-2028, Real Estate and Construction Boom Drives Revenue, AI Transforming the Market Landscape - Technavio Report

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- The global paint plasticizers market size is estimated to grow by USD 542.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.19% during the forecast period. Growing real estate and construction industry is driving market growth, with a trend towards shift toward eco-friendly paint plasticizers. However, regulations on emissions of vocs in paints poses a challenge. Key market players include ADD Chem Germany, ARDIN CHEMICAL CO., BASF SE, Eastman Chemical Co., Guangzhou Xiongxing Plastic Products Co. Ltd., Henan GP Chemicals Co. Ltd., India Glycols Ltd., KLJ Group, Kraton Corp., Lanxess AG, Nayakem, New Japan Chemical Co. Ltd, Perstorp Holding AB, Polynt Spa, Prakash Chemicals International Pvt. Ltd., Shandong Aojin Chemical Technology Co. Ltd., Suntek, Swastik Plasticizer and PVC Pipe Indore Pvt. Ltd., Vinyl Group. , and Witmans Industries PVT. LTD.. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data - Segment Covered Type (Phthalate and Non-phthalate), End-user (Construction, Automotive, and Consumer goods), and Geography (APAC, Europe, North America, Middle East and Africa, and South America) Region Covered APAC, Europe, North America, Middle East and Africa, and South America Key companies profiled ADD Chem Germany, ARDIN CHEMICAL CO., BASF SE, Eastman Chemical Co., Guangzhou Xiongxing Plastic Products Co. Ltd., Henan GP Chemicals Co. Ltd., India Glycols Ltd., KLJ Group, Kraton Corp., Lanxess AG, Nayakem, New Japan Chemical Co. Ltd, Perstorp Holding AB, Polynt Spa, Prakash Chemicals International Pvt. Ltd., Shandong Aojin Chemical Technology Co. Ltd., Suntek, Swastik Plasticizer and PVC Pipe Indore Pvt. Ltd., Vinyl Group. , and Witmans Industries PVT. LTD. Key Market Trends Fueling Growth The Paint Plasticizers market is experiencing steady growth due to increasing demand for flexible and durable coatings. Plasticizers improve paint's workability and flexibility, making it ideal for various applications. Major industries such as automotive, construction, and packaging are significant consumers. Market players focus on innovation and product development to cater to evolving customer needs and regulations. Global trends towards sustainable and eco-friendly solutions are influencing the market dynamics. The Paint Plasticizers market is witnessing significant trends in various industries. In the Coatings Industry, Disononyl adipate (DINA), Trioctyl trimellitate (TOTM), and Triisononyl trimellitate (TINTM) are popular choices for solvent-based paint plasticizers in applications like Wires & Cables, Films & Sheets, and Automotive Parts. For infrastructure projects, durability, adhesion, and impact resistance are key factors driving demand. Water-based paint plasticizers, including Dibutyl maleate (DBM) and Dioctyl maleate (DOM), are gaining traction due to sustainability concerns and digitalization. Flexible polymers in construction activities benefit from these plasticizers, enhancing viscosity, softness, and flexibility. Non-phthalates like DBM and DOM are replacing traditional phthalates in consumer goods sector and textiles industry due to regulatory pressures. The market is also catering to automotive components, medical equipment, toys, and other applications requiring high impact, scratch, and chip resistance. Overall, the Paint Plasticizers market continues to evolve, focusing on customer interactions and innovation. Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample! Market Challenges The Paint Plasticizers market is a significant sector in the global chemicals industry. These additives enhance paint properties, such as flexibility and durability. Major applications include architectural and industrial coatings. Key players include BASF SE, Eastman Chemical Company, and Covestro AG. Market growth is driven by increasing construction activities and automotive production. Regulations regarding VOC emissions may pose challenges, but solutions like waterborne plasticizers are being adopted. Overall, the market is expected to grow steadily, offering opportunities for manufacturers and suppliers.The Paint Plasticizers market plays a crucial role in the Coatings Industry, enhancing the properties of both Water-based and Solvent-based paints. Flexible polymers, such as PVC, rely on plasticizers like Dioctyl phthalate (DOP), Diisononyll phthalate (DINP), Dioctyl terephthalate (DOTP), and Dibutyl phthalate (DBP) for viscosity control, softness, and flexibility. The Consumer goods sector and Textiles industry are significant end-users. However, concerns over Phthalates have emerged, leading to a shift towards eco-friendly alternatives. Bio-based plasticizers, Terephthalates, Epoxies, Aliphatics, and Eco-friendly options are gaining popularity. Urbanization and Construction sector growth fuel demand for plasticizers in Automotive components, Medical equipment, Toys, and various applications like Windows, Flooring, Doors, Pipes, Wires and cables, Electrical devices, and Roofing. Dioctyl adipate (DOA) is a promising alternative for food-grade applications in Packed food and Beverages. For more insights on driver and challenges - Download a Sample Report Segment Overview This paint plasticizers market report extensively covers market segmentation by Type 1.1 Phthalate1.2 Non-phthalateEnd-user 2.1 Construction2.2 Automotive2.3 Consumer goodsGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America 1.1 Phthalate- The phthalate segment holds a significant share in the global paint plasticizers market, accounting for a substantial portion due to their superior performance characteristics. Phthalates, a class of compounds, are added to paints to enhance their workability, flexibility, and durability. Their low volatility, high stability, exceptional resistance to UV radiation and harsh temperatures, and affordability make them popular in the industry. However, concerns regarding potential health and environmental hazards of certain phthalates, such as diisononyl phthalate (DINP) and di(2-ethylhexyl) phthalate (DEHP), have led to regulations and limitations in various regions. In response, there is a growing trend towards the use of alternative plasticizers, such as non-phthalate or bio-based options. Despite this, phthalates continue to dominate the market due to their proven track record, accessibility, and cost-effectiveness. Consequently, the increasing demand for phthalates will drive the expansion of the phthalate segment in the global paint plasticizers market throughout the forecast period. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( - ) - Download a Sample Report Research Analysis The Paint Plasticizers market refers to the industry dedicated to producing and supplying plasticizers for use in paints and coatings. Plasticizers are essential additives that enhance the properties of flexible polymers, improving their viscosity, softness, flexibility, and workability. The market caters to various industries, including the Coatings Industry, Consumer Goods Sector, Textiles Industry, and Automotive Components. Water-based and Solvent-based paint plasticizers are the two primary types. Water-based plasticizers are eco-friendly alternatives to solvent-based, making them increasingly popular. However, solvent-based plasticizers offer superior properties like durability, adhesion, and impact resistance, making them indispensable in specific applications. The Paint Plasticizers market plays a crucial role in enhancing the performance of coatings in infrastructure projects, construction sector, and automotive components. It also contributes to the production of medical equipment, toys, and other consumer goods. The market's growth is driven by the demand for improved viscosity, softness, flexibility, and impact resistance in various applications. Market Research Overview The Paint Plasticizers market refers to the industry that produces and supplies plasticizers for use in paints and coatings. Plasticizers are essential additives that enhance the properties of flexible polymers, such as PVC, in the coatings industry. They improve the viscosity, softness, and flexibility of paints and coatings, making them suitable for various applications in the consumer goods sector, textiles industry, and the automotive and construction industries. Water-based and solvent-based plasticizers are the two main types, with solvent-based plasticizers being commonly used for their superior performance in terms of durability, adhesion, and flow and leveling. Phthalates, including Dioctyl phthalate (DOP), Diisononyll phthalate (DINP), Dioctyl terephthalate (DOTP), and Dibutyl phthalate (DBP), are widely used plasticizers. However, due to environmental concerns, there is a growing trend towards eco-friendly plasticizers, such as bio-based plasticizers, terephthalates, epoxies, aliphatics, and eco-friendly alternatives. The Paint Plasticizers market caters to various industries, including the coatings industry, automotive components, medical equipment, toys, urbanization, construction sector, and infrastructure projects. Applications include films, cables, wood, iron products, windows, floorings, doors, pipes, wires and cables, electrical devices, flooring, roofing, cladding, films and sheets, packed food, beverages, and automotive parts. Digitalization and customer interactions are also driving growth in the market, with a focus on sustainable construction materials and infrastructure projects. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation TypePhthalateNon-phthalateEnd-userConstructionAutomotiveConsumer GoodsGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/paint-plasticizers-market-to-grow-by-usd-542-9m-from-2024-2028--real-estate-and-construction-boom-drives-revenue-ai-transforming-the-market-landscape---technavio-report-302236601.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Dimethylolpropionic Acid Market to Grow by USD 230.2 Million (2024-2028) Due to Strict VOC Emissions Regulations - AI's Impact on Market- Technavio

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global dimethylolpropionic acid market size is estimated to grow by USD 230.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.05% during the forecast period. Stringent regulations on voc emissions is driving market growth, with a trend towards increasing demand for water-based paints and coatings. However, availability of substitutes for dimethylolpropionic acid poses a challenge. Key market players include Actylis, Anhui Sinograce Chemical Co. Ltd., Biosynth Ltd., Connect Chemicals GmbH, Fengchen Group Co. Ltd., Glister Industrial Development Co. Ltd., Huzhou Changsheng Chemical Co. Ltd, Jiangxi Keding Chemical Material Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co.Ltd., Jiangxi Selon Industrial Co. Ltd., Merck KGaA, NutriScience Innovations LLC, Perstorp Holding AB, Pinpools GmbH. , Shandong Pulisi Chemical Co. Ltd., Shanghai Wibson Biotechnology Co. Ltd, Vesino Industrial Co. Ltd. , Yigyooly Enterprise Ltd., and Zhang Jia Gang Yarui Chemical Co. Ltd.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Dimethylolpropionic Acid Market Scope Report Coverage Details Base year 2023 Historic period - Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 7.05% Market growth 2024-2028 USD 230.2 million Market structure Fragmented YoY growth 2022-2023 (%) 6.42 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 41% Key countries US, China, India, Germany, UK, and Canada Key companies profiled Actylis, Anhui Sinograce Chemical Co. Ltd., Biosynth Ltd., Connect Chemicals GmbH, Fengchen Group Co. Ltd., Glister Industrial Development Co. Ltd., Huzhou Changsheng Chemical Co. Ltd, Jiangxi Keding Chemical Material Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co.Ltd., Jiangxi Selon Industrial Co. Ltd., Merck KGaA, NutriScience Innovations LLC, Perstorp Holding AB, Pinpools GmbH. , Shandong Pulisi Chemical Co. Ltd., Shanghai Wibson Biotechnology Co. Ltd, Vesino Industrial Co. Ltd. , Yigyooly Enterprise Ltd., and Zhang Jia Gang Yarui Chemical Co. Ltd. Market Driver The Dimethylolpropionic Acid (DMPA) market is experiencing steady growth due to its increasing applications in various industries. DMPA is primarily used as a corrosion inhibitor and as a cross-linking agent in the production of resins and coatings. Its demand is driven by the construction, automotive, and packaging industries. Key players in the market include BASF SE, Dow Inc., and Eastman Chemical Company. They focus on expanding their production capacity to meet the growing demand. DMPA's unique properties, such as its low toxicity and high efficiency, make it a preferred choice for manufacturers. The market is expected to continue growing due to its versatile applications and the increasing demand for sustainable and eco-friendly products. The Dimethylolpropionic Acid (DMPA) market is experiencing significant growth due to its versatile applications in various industries. According to Textile Exchange, DMPA is increasingly used in Polyurethane Dispersions for textiles, leather, and furniture upholstery. In the adhesives and sealants sector, DMPA is a key ingredient in Alkyd Resins, Architectural Coatings, and Paints & Coatings for building & construction. DMPA's unique properties, such as flexibility and toughness, make it an ideal choice for Powder coatings, Epoxy polyester, and Urethane elastomers. Its use in water-soluble resins and aqueous urethane dispersions for gloss waterborne coatings is also on the rise. DMPA's functional properties are sought after in industries like metal, appliances, HVAC systems, and infrastructure. As a raw material, it is used in the production of Trimethylolethane, Trimethylolpropane, and other water-borne coatings. The market for DMPA is driven by its eco-friendly nature, as it is derived from formaldehyde and propionaldehyde, which are renewable raw materials. The petrochemical industry's shift towards sustainable practices is expected to further boost the demand for DMPA. DMPA is used in various industries, including textiles, adhesives, coatings, metal, appliances, and infrastructure. Its unique properties, such as flexibility, toughness, and impact resistance, make it an ideal choice for various applications. DMPA is used in textiles for Polyurethane Dispersions, in adhesives and sealants for Alkyd Resins and Architectural Coatings, and in the metal industry for electro-deposition coatings. Its use in powder coatings, epoxy polyester, and urethane elastomers is also significant. DMPA's water-soluble resins and aqueous urethane dispersions are used in the production of gloss waterborne coatings. The market for DMPA is driven by its eco-friendly nature, as it is derived from renewable raw materials like formaldehyde and propionaldehyde. The shift towards sustainable practices in the petrochemical industry is expected to further boost the demand for DMPA. DMPA's functional properties, such as adhesion, flexibility, and toughness, make it an ideal choice for various applications on glass, steel, plastic, fiberglass, and other materials. Its use in industries like textiles, adhesives, coatings, metal, appliances, and infrastructure is expected to continue to grow. Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample! Market Challenges The Dimethylolpropionic Acid (DMPA) market is experiencing steady growth due to its increasing demand in various industries. DMPA is a versatile chemical used as a cross-linking agent in coatings, adhesives, and construction materials. Its ability to enhance the durability and resistance of these products makes it an essential component in their production. The market is driven by factors such as growing infrastructure development and rising consumer awareness for eco-friendly and high-performance products. Key players in the market include BASF SE, DuPont, and Eastman Chemical Company.The Dimethylolpropionic Acid (DMPA) market faces several challenges in various industries. In water-soluble resins and aqueous urethane dispersions, DMPA is required for enhancing flexibility and toughness. However, its use in gloss waterborne coatings presents a challenge due to its impact on flow property. Powder coatings, epoxy polyester, and urethane elastomers also utilize DMPA for its adhesion properties. In the metal industry, DMPA is essential for glass, steel, plastic, fiberglass, and electro-deposition coatings. Functional properties like impact resistance and gloss are improved with DMPA in appliances, HVAC systems, and infrastructure. Raw materials like formaldehyde, propionaldehyde, and polyester resin are used in the production of DMPA. However, the use of DMPA in coatings and adhesives, waterborne coatings, multi-substrate coatings, and electrodeposition coatings presents challenges due to its eco-friendly nature and the need for alternative raw materials. Linseed oil glyceride, glass fiber sizing, and resin coatings are potential alternatives. The petrochemical industry and infrastructure sectors are significant markets for DMPA as protective coatings. For more insights on driver and challenges - Request a sample report! Segment Overview This dimethylolpropionic acid market report extensively covers market segmentation by Application 1.1 Coatings1.2 Additives and sealants1.3 OthersEnd-user 2.1 Automotive industry2.2 Paints and coating industry2.3 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America 1.1 Coatings- Dimethylolpropionic acid (DMPA) is a crucial raw material in the production of various coatings. The free acid form of DMPA enhances resin solubility or dispersibility in water upon neutralization with a base. This improvement in polar groups facilitates better coating adhesion and increased dye receptivity in synthetic fibers. Additionally, DMPA-based coatings offer excellent protection against corrosion, making them widely used in industries. DMPA's compatibility with a broad range of coating polymers, including industrial coatings, concrete floors, and road paints, further expands its applications. The rising demand for coatings, driven by their protective properties, will boost the market growth for DMPA during the forecast period. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report Research Analysis Dimethylolpropionic Acid (DMPA) is a versatile organic compound used as a cross-linking agent in various industries. It plays a crucial role in enhancing the properties of coatings, adhesives, and resins. DMPA is widely used in textile exchange for producing Polyurethane Dispersions (PUDs), which are essential in textile finishing for imparting softness, flexibility, and toughness. In the adhesives and sealants industry, DMPA is used to improve the performance of water-soluble resins and aqueous urethane dispersions. In the coatings sector, DMPA is used in Alkyd Resins, Architectural Coatings, Automotive & Industrial Coatings, and Wood & Leather Finishes. It provides desirable properties such as gloss, flow property, impact resistance, and water resistance to these coatings. DMPA is also used in Powder coatings, Epoxy polyester, and Electrodeposition coatings for multi-substrate applications. Moreover, DMPA is used in various industries like electrical appliances, glass fiber sizing, and resin coatings. It is also used in the production of Linseed oil glyceride and is a key ingredient in the formulation of Gloss waterborne coatings. DMPA's unique properties make it an essential ingredient in various industries, including Paints & Coatings, and it is used in the production of waterborne coatings and various types of coatings like powder coatings, epoxy polyester, and electrodeposition coatings. Market Research Overview Dimethylolpropionic Acid (DMPA) is a versatile organic compound used as a cross-linking agent in various industries. It is primarily used in the production of water-soluble resins, such as those used in textiles, adhesives, and coatings. In the textile industry, DMPA is used in Textile Exchange's certified sustainable textile production processes. In the coatings industry, it is used in the production of Polyurethane Dispersions (PUDs), which are essential raw materials for making Adhesives & Sealants, Alkyd Resins, Architectural Coatings, and Paints & Coatings. DMPA also finds applications in Building & Construction, Textile & Leather, Industrial, Furniture & Upholstery, and various other industries. Trimethylolethane and Trimethylolpropane are related compounds used in the production of water-soluble resins, Aqueous Urethane Dispersions, and Gloss Waterborne Coatings. These compounds provide flexibility, toughness, and excellent adhesion to various substrates like Glass, Steel, Plastic, Fiberglass, Furniture, and Electro-deposition coatings in the Metal industry. DMPA's functional properties make it an essential raw material in various industries. It is used in the production of Epoxy Polyester, Powder coatings, Urethane Elastomers, and various other coatings and adhesives. In the Petrochemical industry, DMPA is used as a raw material in the production of Waterborne Coatings, Multi-substrate coatings, Electrodeposition coatings, and Electrical Appliances. DMPA is also used in various applications outside of the coatings industry, such as in the production of Linseed Oil Glyceride, Glass Fiber Sizing, and Resin Coatings. Infrastructure development also benefits from DMPA's protective coating properties. DMPA is an eco-friendly alternative to traditional cross-linking agents, such as Formaldehyde and Propionaldehyde. It is derived from renewable sources and is used in the production of various coatings and adhesives that are waterborne, making them more environmentally friendly than their solvent-borne counterparts. Overall, Dimethylolpropionic Acid is a crucial raw material in various industries, providing essential functional properties to various coatings, adhesives, and other products. Its versatility and eco-friendliness make it an attractive alternative to traditional cross-linking agents. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation ApplicationCoatingsAdditives And SealantsOthersEnd-userAutomotive IndustryPaints And Coating IndustryOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/dimethylolpropionic-acid-market-to-grow-by-usd-230-2-million-2024-2028-due-to-strict-voc-emissions-regulations--ais-impact-on-market--technavio-302236631.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Floor Coatings Market to Grow by USD 1.96 Billion from 2024-2028, New Product Launches Driving Revenue Growth, Report on AI's Role in Market Transformation - Technavio

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global floor coatings market size is estimated to grow by USD 1.96 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.27% during the forecast period. Increase in new launch of floor coatings is driving market growth, with a trend towards rising number of m and a among vendors. However, fluctuations in prices of raw materials poses a challenge. Key market players include Akzo Nobel NV, Arkema SA, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Behr Process LLC, Benjamin Moore and Co., Dudick Inc.,, Dur-A-Flex Inc., Elite Crete Systems, Dow Inc., Hempel AS, Jotun Group, Nippon Paint India Pvt. Ltd., PPG Industries Inc., RPM International Inc., Rust Oleum Corp., Sakshi Coating Pvt. Ltd., Sika AG, The Sherwin Williams Co., Tnemec Co. Inc., and The Valspar Corp.. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data - Segment Covered Type (Epoxy, Acrylics, Polyurethane, and Others), End-user (Industrial, Commercial, and Residential), and Geography (APAC, Europe, North America, Middle East and Africa, and South America) Region Covered APAC, Europe, North America, Middle East and Africa, and South America Key companies profiled Akzo Nobel NV, Arkema SA, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Behr Process LLC, Benjamin Moore and Co., Dudick Inc.,, Dur-A-Flex Inc., Elite Crete Systems, Dow Inc., Hempel AS, Jotun Group, Nippon Paint India Pvt. Ltd., PPG Industries Inc., RPM International Inc., Rust Oleum Corp., Sakshi Coating Pvt. Ltd., Sika AG, The Sherwin Williams Co., Tnemec Co. Inc., and The Valspar Corp. Key Market Trends Fueling Growth The Floor Coatings Market is experiencing steady growth due to increasing demand for durable and attractive flooring solutions. Businesses and homeowners prioritize floor coatings for their longevity, ease of maintenance, and aesthetic appeal. Market leaders innovate with advanced technologies, such as nanotechnology and waterborne coatings, to cater to evolving consumer preferences. The market is expected to expand further due to rising construction activities and infrastructure development projects worldwide. The Floor Coatings Market is experiencing significant growth due to increasing construction spending and activities in various sectors. Warehouses, hospitals, manufacturing plants, industrial facilities, showrooms, commercial retail stores, garages, and airplane hangars are major consumers of floor coatings. Tiles, carpet, bamboo flooring, tile flooring, concrete, wood, terrazzo, epoxy, polyurethane, acrylic, polyaspartic, methyl methacrylate are popular types of floor coatings. Single, double, and triple component coatings are in demand. Industries like dairy cooperative Dairgold, Biotics Research, and Concrete floor coatings are using water-based, self-healing, anti-microbial, and photocatalytic floor coatings. Epoxy-based coatings are popular in manufacturing facilities and chemical plants. The construction sector's population growth is driving the demand for floor coatings. AsymchemLabs, a leading player, offers VOCs-compliant polyaspartic coatings to cater to the market trends. Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample! Market Challenges The Floor Coatings Market is experiencing steady growth due to increasing demand for durable and attractive flooring solutions. Businesses and homeowners prioritize floor coatings for their longevity, easy maintenance, and aesthetic appeal. Key players in the industry focus on research and development to offer innovative products and solutions. The market is segmented by type, application, and region. Asia Pacific holds a significant share due to rapid industrialization and infrastructure development. North America and Europe follow closely due to replacement and renovation activities.The Floor Coatings Market faces several challenges in various sectors. For floor types like concrete, wood, terrazzo, epoxy, polyurethane, acrylic, and polyaspartic, single component coatings offer ease of application but may lack durability compared to double or triple component coatings. In industries such as manufacturing facilities and chemical plants, epoxy-based coatings dominate due to their resistance to harsh chemicals. However, the use of organic solvents in these coatings contributes to VOC emissions, posing environmental and health concerns. Residential construction also utilizes water-based floor coatings for lower VOCs. Self-healing, anti-microbial, and photocatalytic coatings are gaining popularity for their added benefits. Companies like AsymchemLabs, Dairy cooperative Dairgold, and Biotics Research innovate in this space, developing new technologies for concrete floor coatings. The construction sector's growth, driven by population growth and industrialization, increases the demand for floor coatings. However, labor costs and production capacity remain challenges for manufacturers. Additionally, environmental regulations and human health concerns necessitate the development of eco-friendly and safe alternatives. Current floor coatings must balance durability, cost, and sustainability. For more insights on driver and challenges - Download a Sample Report Segment Overview This floor coatings market report extensively covers market segmentation by Type1.1 Epoxy1.2 Acrylics1.3 Polyurethane1.4 OthersEnd-user2.1 Industrial2.2 Commercial2.3 ResidentialGeography3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America 1.1 Epoxy- The Floor Coatings Market is experiencing steady growth due to increasing demand for durable and attractive flooring solutions. Businesses and homeowners prioritize floor coatings for their protective and aesthetic benefits. Key players in this market focus on product innovation and expanding their geographical reach to cater to this demand. Market size is expected to grow, driven by factors like rising construction activities and increasing consumer awareness. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( - ) - Download a Sample Report Research Analysis The Floor Coatings market encompasses a wide range of applications, including warehouses, hospitals, manufacturing plants, industrial facilities, showrooms, commercial and retail stores, garages, airplane hangars, and construction sites. With increasing construction spending and activities, the demand for durable and aesthetically pleasing floor coatings is on the rise. Tiles, carpet, bamboo flooring, and tile flooring are some of the traditional flooring options, but the market is witnessing a shift towards advanced floor coatings such as single component, polyaspartic coatings, concrete floor coatings, water-based floor coatings, self-healing floor coatings, anti-microbial floor coatings, and photocatalytic floor coatings. Single component coatings offer ease of application and quick curing, while double and triple component coatings provide superior durability and protection. The market caters to both residential and manufacturing facilities, with a focus on providing sustainable and eco-friendly solutions. Companies are investing in research and development to introduce innovative floor coatings with unique properties, such as self-healing and photocatalytic capabilities. Market Research Overview The Floor Coatings Market encompasses a wide range of applications, including warehouses, hospitals, manufacturing plants, industrial facilities, showrooms, commercial retail stores, garages, airplane hangars, and construction sites. The market is driven by construction spending and activities, with a focus on various types of flooring such as tiles, carpet, bamboo, tile, concrete, wood, terrazzo, epoxy, polyurethane, acrylic, polyaspartic, methyl methacrylate, and more. These coatings come in different components, including single, double, and triple, and are used on various surfaces. The market caters to both residential and manufacturing facilities, chemical plants, and production facilities. Factors influencing the market include construction sector growth, population, industrialization, infrastructure development, labor, vaccination programs, and environmental concerns. VOCs, self-healing, anti-microbial, and photocatalytic floor coatings are gaining popularity due to their unique properties. Organic solvents and environmental impact are key considerations, as are human health concerns and the suitability of coatings for concrete surfaces. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation TypeEpoxyAcrylicsPolyurethaneOthersEnd-userIndustrialCommercialResidentialGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/floor-coatings-market-to-grow-by-usd-1-96-billion-from-2024-2028--new-product-launches-driving-revenue-growth-report-on-ais-role-in-market-transformation---technavio-302236002.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs