Industrial Floor Coating Market Forecast, Trends, Scope by 2031
The Industrial Floor Coating Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on resin type (epoxy, polyurethane, methyl methacrylate (MMA), polyaspartic, and others). The report is segmented by coating component (one component, two component, and others). The report is segmented by technology (water borne and solvent borne). The report is segmented by application (manufacturing facilities, warehouses, and others). The report is segmented by end use (food and beverages, chemicals, healthcare, transportation, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Industrial Floor Coating Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Industrial Floor Coating Market Segmentation
Resin Type- Epoxy
- Polyurethane
- Methyl Methacrylate
- Polyaspartic
- One Component
- Two Component
- Water Borne
- Solvent Borne
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Industrial Floor Coating Market Growth Drivers- Rising Manufacturing Units in Developing Nations: The Rising number of manufacturing units in developing nations is likely to fuel the demand for industrial flooring coatings. Countries like India, Brazil, Malaysia, and Vietnam are laying down extensive industrial infrastructure, which in turn is leading to the demand for tougher, better-performing industrial floor coatings. These coatings also promote safety and improve the aesthetic appeal and operational efficiency of factories.
- Government and Private Funding in Growing Economies: In addition, the rising government-private sources of finance in growing economies countries. This availability of funding causes the construction of highly modernized plants for which specialized flooring is needed. Chemical, heavy machinery-resistant - industrial floor coatings - are important for operational maintenance and safety regulations adherence.
- Health and Environmental Concerns: The preference for flooring materials is impacted by the growing concern for people's health and the environment. In order to enhance the competitive position and the products offered in the emerging markets, the manufacturers began implementing green materials and technologies. This approach has more than just a compliance aspect since it also brings in consumers who are looking for 'greener' products and boosts the need for innovative industrial floor coatings.
- Development of Self-Healing Smart Coatings Minimizing Downtime and Reducing Maintenance Costs: One of the trends to watch in the industrial flooring coatings market is the development of smart coatings with self-healing characteristics. These innovative floor coatings allow the floor system to function even after the coating has been damaged. Consequently, this technology helps in minimizing downtime in industrial operations and reduces the maintenance cost associated with the repairs.
- Microencapsulated Sealants in Self-Healing Coatings Prolonging Flooring Life and Maintaining Aesthetic Appeal: Self-healing coatings are based on complex materials such as microencapsulated sealants. As the floor gets scratched or damaged, the capsules open and release the fill material inside them, which serves to fill the gaps. This feature not only prolongs the usable life of the flooring but also helps to keep the floor in a as new condition, something very important in areas where looks matters.
- Growing Adoption of Smart Coatings Driven by Environmental Concerns and the Need for Green Manufacturing: An increase in smart coatings adoption is also caused by the growing concern for green manufacturing. Such coatings do not allow for conducting surface repairs or surface replacement and, therefore, accumulate non-biodegradable wastes into the environment. Such industries are emphasizing on self-sustaining systems more so, self-repairing systems are more effective than any other flooring systems.
- Growth of Spray-Applied Systems Enhancing Industrial Floor Coating Efficiency and Reducing Downtime: The growth emergence of spray applied systems is anticipated to spur significant expansion in the industrial floor coating market. These systems help ease the application process as they provide a faster and more even distribution compared to the traditional techniques. This helps in saving the labor cost and also reduces the downtime thereby making them very suitable for many industrial uses.
- Versatile Spray Coatings Tailored to Meet Specific Performance Needs Across Industries: Furthermore, it is also possible to modify spray coatings to meet certain performance needs. They have a variety in formulations, allowing manufacturers to produce coatings that may stand chemicals, wear or even moisture. This variation in applications makes spray-applied systems applicable to diverse fields of concentrations, for example, manufacturing, warehousing or even logistics.
- Spray Application Systems Promoting Safety and Reducing Wastage in Industrial Floor Coating: The option of applying the coatings using a spray system also means better safety and reduced wastage. These systems reduce unnecessary spraying; therefore, coatings are applied only on the required areas. The market for such revolutionary application techniques is predicted to increase as industries focus more on productivity and safety.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Industrial Floor Coating Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Industrial Floor Coating Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The development of smart coatings with self-healing properties is expected to be the key market trends.
Based on resin type, the polyurethane segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the industrial floor coating market due to the region's rapid industrialization, with countries such as China, India, and Vietnam investing heavily in manufacturing and infrastructure.
The expansion of manufacturing facilities in emerging economies are driving the market growth.
Sherwin-Williams; Akzo Nobel; Sika AG; RPM International; Dow Chemical; PPG Industries; Kansai Paints; A and I Coatings; Henkel AG and Co. KGaA; and MAPEI are some of the key players operating in the industrial floor coating market
The Industrial Floor Coating Market is estimated to witness a CAGR of 5% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Floor Coating Market - By Resin Type
1.3.2 Industrial Floor Coating Market - By Flooring Material
1.3.3 Industrial Floor Coating Market - By Technology
1.3.4 Industrial Floor Coating Market - By End-Use Sector
1.3.5 Industrial Floor Coating Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL FLOOR COATING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INDUSTRIAL FLOOR COATING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. INDUSTRIAL FLOOR COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL FLOOR COATING - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL FLOOR COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY
7.3.1. Overview
7.3.2. Epoxy Market Forecast and Analysis
7.4. POLYURETHANE
7.4.1. Overview
7.4.2. Polyurethane Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - FLOORING MATERIAL
8.1. OVERVIEW
8.2. FLOORING MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. CONCRETE
8.3.1. Overview
8.3.2. Concrete Market Forecast and Analysis
8.4. MORTAR
8.4.1. Overview
8.4.2. Mortar Market Forecast and Analysis
8.5. TERRAZZO
8.5.1. Overview
8.5.2. Terrazzo Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. WATER-BORNE
9.3.1. Overview
9.3.2. Water-Borne Market Forecast and Analysis
9.4. SOLVENT-BORNE
9.4.1. Overview
9.4.2. Solvent-Borne Market Forecast and Analysis
10. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - END-USE SECTOR
10.1. OVERVIEW
10.2. END-USE SECTOR MARKET FORECASTS AND ANALYSIS
10.3. MANUFACTURING
10.3.1. Overview
10.3.2. Manufacturing Market Forecast and Analysis
10.4. AVIATION AND TRANSPORTATION
10.4.1. Overview
10.4.2. Aviation and Transportation Market Forecast and Analysis
10.5. FOOD PROCESSING
10.5.1. Overview
10.5.2. Food Processing Market Forecast and Analysis
10.6. SCIENCE AND TECHNOLOGY
10.6.1. Overview
10.6.2. Science and Technology Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. INDUSTRIAL FLOOR COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Industrial Floor Coating Market Overview
11.1.2 North America Industrial Floor Coating Market Forecasts and Analysis
11.1.3 North America Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.1.4 North America Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.1.5 North America Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.1.6 North America Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.1.7 North America Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.1.7.1 United States Industrial Floor Coating Market
11.1.7.1.1 United States Industrial Floor Coating Market by Resin Type
11.1.7.1.2 United States Industrial Floor Coating Market by Flooring Material
11.1.7.1.3 United States Industrial Floor Coating Market by Technology
11.1.7.1.4 United States Industrial Floor Coating Market by End-Use Sector
11.1.7.2 Canada Industrial Floor Coating Market
11.1.7.2.1 Canada Industrial Floor Coating Market by Resin Type
11.1.7.2.2 Canada Industrial Floor Coating Market by Flooring Material
11.1.7.2.3 Canada Industrial Floor Coating Market by Technology
11.1.7.2.4 Canada Industrial Floor Coating Market by End-Use Sector
11.1.7.3 Mexico Industrial Floor Coating Market
11.1.7.3.1 Mexico Industrial Floor Coating Market by Resin Type
11.1.7.3.2 Mexico Industrial Floor Coating Market by Flooring Material
11.1.7.3.3 Mexico Industrial Floor Coating Market by Technology
11.1.7.3.4 Mexico Industrial Floor Coating Market by End-Use Sector
11.2. EUROPE
11.2.1 Europe Industrial Floor Coating Market Overview
11.2.2 Europe Industrial Floor Coating Market Forecasts and Analysis
11.2.3 Europe Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.2.4 Europe Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.2.5 Europe Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.2.6 Europe Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.2.7 Europe Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Industrial Floor Coating Market
11.2.7.1.1 Germany Industrial Floor Coating Market by Resin Type
11.2.7.1.2 Germany Industrial Floor Coating Market by Flooring Material
11.2.7.1.3 Germany Industrial Floor Coating Market by Technology
11.2.7.1.4 Germany Industrial Floor Coating Market by End-Use Sector
11.2.7.2 France Industrial Floor Coating Market
11.2.7.2.1 France Industrial Floor Coating Market by Resin Type
11.2.7.2.2 France Industrial Floor Coating Market by Flooring Material
11.2.7.2.3 France Industrial Floor Coating Market by Technology
11.2.7.2.4 France Industrial Floor Coating Market by End-Use Sector
11.2.7.3 Italy Industrial Floor Coating Market
11.2.7.3.1 Italy Industrial Floor Coating Market by Resin Type
11.2.7.3.2 Italy Industrial Floor Coating Market by Flooring Material
11.2.7.3.3 Italy Industrial Floor Coating Market by Technology
11.2.7.3.4 Italy Industrial Floor Coating Market by End-Use Sector
11.2.7.4 United Kingdom Industrial Floor Coating Market
11.2.7.4.1 United Kingdom Industrial Floor Coating Market by Resin Type
11.2.7.4.2 United Kingdom Industrial Floor Coating Market by Flooring Material
11.2.7.4.3 United Kingdom Industrial Floor Coating Market by Technology
11.2.7.4.4 United Kingdom Industrial Floor Coating Market by End-Use Sector
11.2.7.5 Russia Industrial Floor Coating Market
11.2.7.5.1 Russia Industrial Floor Coating Market by Resin Type
11.2.7.5.2 Russia Industrial Floor Coating Market by Flooring Material
11.2.7.5.3 Russia Industrial Floor Coating Market by Technology
11.2.7.5.4 Russia Industrial Floor Coating Market by End-Use Sector
11.2.7.6 Rest of Europe Industrial Floor Coating Market
11.2.7.6.1 Rest of Europe Industrial Floor Coating Market by Resin Type
11.2.7.6.2 Rest of Europe Industrial Floor Coating Market by Flooring Material
11.2.7.6.3 Rest of Europe Industrial Floor Coating Market by Technology
11.2.7.6.4 Rest of Europe Industrial Floor Coating Market by End-Use Sector
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Industrial Floor Coating Market Overview
11.3.2 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis
11.3.3 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.3.4 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.3.5 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.3.6 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.3.7 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Industrial Floor Coating Market
11.3.7.1.1 Australia Industrial Floor Coating Market by Resin Type
11.3.7.1.2 Australia Industrial Floor Coating Market by Flooring Material
11.3.7.1.3 Australia Industrial Floor Coating Market by Technology
11.3.7.1.4 Australia Industrial Floor Coating Market by End-Use Sector
11.3.7.2 China Industrial Floor Coating Market
11.3.7.2.1 China Industrial Floor Coating Market by Resin Type
11.3.7.2.2 China Industrial Floor Coating Market by Flooring Material
11.3.7.2.3 China Industrial Floor Coating Market by Technology
11.3.7.2.4 China Industrial Floor Coating Market by End-Use Sector
11.3.7.3 India Industrial Floor Coating Market
11.3.7.3.1 India Industrial Floor Coating Market by Resin Type
11.3.7.3.2 India Industrial Floor Coating Market by Flooring Material
11.3.7.3.3 India Industrial Floor Coating Market by Technology
11.3.7.3.4 India Industrial Floor Coating Market by End-Use Sector
11.3.7.4 Japan Industrial Floor Coating Market
11.3.7.4.1 Japan Industrial Floor Coating Market by Resin Type
11.3.7.4.2 Japan Industrial Floor Coating Market by Flooring Material
11.3.7.4.3 Japan Industrial Floor Coating Market by Technology
11.3.7.4.4 Japan Industrial Floor Coating Market by End-Use Sector
11.3.7.5 South Korea Industrial Floor Coating Market
11.3.7.5.1 South Korea Industrial Floor Coating Market by Resin Type
11.3.7.5.2 South Korea Industrial Floor Coating Market by Flooring Material
11.3.7.5.3 South Korea Industrial Floor Coating Market by Technology
11.3.7.5.4 South Korea Industrial Floor Coating Market by End-Use Sector
11.3.7.6 Rest of Asia-Pacific Industrial Floor Coating Market
11.3.7.6.1 Rest of Asia-Pacific Industrial Floor Coating Market by Resin Type
11.3.7.6.2 Rest of Asia-Pacific Industrial Floor Coating Market by Flooring Material
11.3.7.6.3 Rest of Asia-Pacific Industrial Floor Coating Market by Technology
11.3.7.6.4 Rest of Asia-Pacific Industrial Floor Coating Market by End-Use Sector
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Industrial Floor Coating Market Overview
11.4.2 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis
11.4.3 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.4.4 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.4.5 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.4.6 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.4.7 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Industrial Floor Coating Market
11.4.7.1.1 South Africa Industrial Floor Coating Market by Resin Type
11.4.7.1.2 South Africa Industrial Floor Coating Market by Flooring Material
11.4.7.1.3 South Africa Industrial Floor Coating Market by Technology
11.4.7.1.4 South Africa Industrial Floor Coating Market by End-Use Sector
11.4.7.2 Saudi Arabia Industrial Floor Coating Market
11.4.7.2.1 Saudi Arabia Industrial Floor Coating Market by Resin Type
11.4.7.2.2 Saudi Arabia Industrial Floor Coating Market by Flooring Material
11.4.7.2.3 Saudi Arabia Industrial Floor Coating Market by Technology
11.4.7.2.4 Saudi Arabia Industrial Floor Coating Market by End-Use Sector
11.4.7.3 U.A.E Industrial Floor Coating Market
11.4.7.3.1 U.A.E Industrial Floor Coating Market by Resin Type
11.4.7.3.2 U.A.E Industrial Floor Coating Market by Flooring Material
11.4.7.3.3 U.A.E Industrial Floor Coating Market by Technology
11.4.7.3.4 U.A.E Industrial Floor Coating Market by End-Use Sector
11.4.7.4 Rest of Middle East and Africa Industrial Floor Coating Market
11.4.7.4.1 Rest of Middle East and Africa Industrial Floor Coating Market by Resin Type
11.4.7.4.2 Rest of Middle East and Africa Industrial Floor Coating Market by Flooring Material
11.4.7.4.3 Rest of Middle East and Africa Industrial Floor Coating Market by Technology
11.4.7.4.4 Rest of Middle East and Africa Industrial Floor Coating Market by End-Use Sector
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Industrial Floor Coating Market Overview
11.5.2 South and Central America Industrial Floor Coating Market Forecasts and Analysis
11.5.3 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.5.4 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.5.5 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.5.6 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.5.7 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Industrial Floor Coating Market
11.5.7.1.1 Brazil Industrial Floor Coating Market by Resin Type
11.5.7.1.2 Brazil Industrial Floor Coating Market by Flooring Material
11.5.7.1.3 Brazil Industrial Floor Coating Market by Technology
11.5.7.1.4 Brazil Industrial Floor Coating Market by End-Use Sector
11.5.7.2 Argentina Industrial Floor Coating Market
11.5.7.2.1 Argentina Industrial Floor Coating Market by Resin Type
11.5.7.2.2 Argentina Industrial Floor Coating Market by Flooring Material
11.5.7.2.3 Argentina Industrial Floor Coating Market by Technology
11.5.7.2.4 Argentina Industrial Floor Coating Market by End-Use Sector
11.5.7.3 Rest of South and Central America Industrial Floor Coating Market
11.5.7.3.1 Rest of South and Central America Industrial Floor Coating Market by Resin Type
11.5.7.3.2 Rest of South and Central America Industrial Floor Coating Market by Flooring Material
11.5.7.3.3 Rest of South and Central America Industrial Floor Coating Market by Technology
11.5.7.3.4 Rest of South and Central America Industrial Floor Coating Market by End-Use Sector
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. INDUSTRIAL FLOOR COATING MARKET, KEY COMPANY PROFILES
13.1. 3M
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AKZO NOBEL N.V.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ASIAN PAINTS LTD.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BASF SE
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. FLOROCK
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MBCC GROUP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PPG INDUSTRIES OHIO, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. RPM INTERNATIONAL INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE SHERWIN-WILLIAMS COMPANY
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THERMAL-CHEM CORPORATION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. 3M
2. Akzo Nobel N.V.
3. Asian Paints Ltd.
4. BASF SE
5. Florock
6. MBCC Group
7. PPG Industries Ohio, Inc.
8. RPM International Inc.
9. The Sherwin-Williams Company
10. Thermal-Chem Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For