The anti-slip coatings market size is estimated at USD 105 million in 2018 and is projected to reach USD 161 million by 2023, at a CAGR of 6.5% between 2018 and 2023
NEW YORK, Jan. 14, 2019 /PRNewswire/ -- The growing construction sector is expected to drive the anti-slip coatings market.
The anti-slip coatings market size is estimated at USD 105 million in 2018 and is projected to reach USD 161 million by 2023, at a CAGR of 6.5% between 2018 and 2023. The anti-slip market is driven by various factors, such as expanding construction sector and growth in industrialization. Stringent environmental regulations regarding VOCs and availability of substitutes such as FRP panels are restraining the market growth.
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Anti-slip coatings market is projected to witness the highest growth in construction flooring end-use industry during the forecast period.
The two key end users of anti-slip coatings are construction flooring and marine deck.The construction flooring end-use industry is expected to be the fastest-growing segment in the overall anti-slip coatings market during the forecast period.
Anti-slip coatings are one of the most common protective aid for ensuring the protection of workers and the general public in residential, commercial, and industrial buildings. Such coatings are applied to avoid potential fall or slip which may occur due to slippery surfaces.
Epoxy resin segment to witness the highest CAGR in the overall anti-slip coatings market during the forecast period.
Epoxy resin is widely used as protective and performance coatings due to their properties such as good adhesion, flexibility, solvent resistance, hardness, and wear and tear strength.It is a predominantly thermosetting resin, which becomes irreversibly hard after curing.
In industrial flooring, epoxy resins are preferred as they provide a hard and strong surface to walk.
APAC is estimated to record highest growth rate during the forecast period.
APAC is one of the most promising markets for anti-slip coatings, both in terms of production and consumption.The availability of raw materials along with significant domestic demand make it the most attractive market, globally.
The region has the two most populous countries in the world—China and India, which together account for more than 35% of the global population. The growing building & construction and industrial sectors are expected to increase the demand for anti-slip coatings in the region.
Breakup of primary interviews:
• By Company Type - Tier 1 – 36%, Tier 2 – 36%, and Tier 3 – 27%
• By Designation - C level – 18%, Director level – 27%, and Others – 55%
• By Region - North America – 27%, Europe – 9%, APAC – 55%, ROW – 9%
The leading players in the anti-slip coatings market are 3M (US), PPG Industries (US), Axalta Coating Systems (US), Hempel A/S (Europe), RPM International (Mexico), Sherwin Williams (US), Amsteps Products (England), Randolph products (UK), No Skidding Products (US), North Central Electric (US), Paramelt RMC B.V (Netherlands), Safemate Anti-slip Pvt. Ltd. (Germany), Skidproof Ltd. (UK), Industrial Applications Inc. (UK), Halosurfaces International Ltd. (New Zealand), Wooster Products (US), Anti-slip Anywhere (US), Tesoplas (England), American Safety Technologies (US), and Diamond Safety concepts (Japan).
Research Coverage:
This research report categorizes the global anti-slip coatings market on the basis of resin, type, end-use industry, and region.The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, challenges, and opportunities.
Detailed analysis of the key market players provides insights into business overviews, services, key strategies, and recent developments associated with the market.
Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global anti-slip coatings market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, acquisitions, mergers, and research & development activities.
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