Report Code: A07269 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Floor Paints Market
Request Now !Floor Paints Market Analysis :
Floor is the bottom surface of a building, which supports the expected load. Similar to buildings, floor requires coatings and paintings for aesthetic appearance and protection from external factors. Thus, floor painting serves as an ideal option to add color and visual punch. In addition, floor paints provide protection from dust and make floor cleaning easy, which boost their demand, globally. Floor paints are made of various materials including polyurethane, alkyd (oil), epoxy, or latex based. Various floor types include concrete, hardwood, and tiles. The cost of floor paints varies according to the brand and the cost of production.
COVIND-19 SCENARIO ANALYSIS
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Upsurge in construction activities to meet the demands of growing population and increase in industrialization are the key factors that contribute toward the growth of the global floor paints market. However, availability of cheap alternatives acts as a major restraint of this market. On the contrary, rise in investment in infrastructure, surge in urbanization, and rise in demand for antimicrobial paints are anticipated to offer remunerative opportunities for the expansion of the global market.
New product launches to boost the market
As COVID-19 has hit the economy, it is impacting every sector and creating challenges for growth. However, the launch of new products in the floor paints market is offering new avenues for the market. The product Nanova Hygiene+TM is an antimicrobial covering for surfaces such as textures, plastics, metals, and cements that contains mixed drinks of nontransitory QUATs and emphatically charged AgNPs as bioactive nanoparticles. Moreover, Nanova Hygiene+TM antimicrobial covering shows low surface vitality esteem (>20 mN/m)10 and carries on as an omniphobic surface by repulsing water and oil together.
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Questions answered in the floor paints market research report:
Floor Paints Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | AkzoNobel N.V. (The Netherlands), The Lubrizol Corporation (U.S.), The Daw Group (The Netherlands), The Sherwin-Williams Company (U.S.), 3M Company (U.S.), BASF SE (Germany), PPG Industries, Inc. (U.S.), The Dow Chemical Company (U.S.), Axalta Coating Systems Ltd. (U.S.), RPM International Inc. (U.S.), Asian Paints PPG Pvt. Ltd. (India) |
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