Industrial Floor Coating Market Share

APAC Market Forecast

The industrial floor coating market in the Asia Pacific region is projected to hold the largest market share of 36% by the end of 2037. The market is impelled by the increasing shift towards production outsourcing from Asian countries. Countries such as China, and India are hubs for manufacturing set-up owing to the availability of resources at a lower cost. This has led to a rise in the number of manufacturing units that are producing goods at lower costs, and surging the demand for industrial floor coating. The increasing growth in the aviation, construction, marine, and other industries in the Asia Pacific region, is further predicted to boost the growth of the market.

North American Market Statistics

The North America industrial floor coating market is set to register a share of about 28% by the end of 2037. The growth of the market is fueled by the surging renovation, and remodeling in the residential, as well as commercial construction sectors. The presence of key players in industrial floor coating in the region is further projected to surge the growth of the market in the region. Added to this, the increasing research and development investment for floor coating in countries such as the U.S. and Canada is also expected to expand the market’s growth in the region.