Report Code: A07338 | Nov 2023 | Pages: NA | ||
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Request Now !Skid resistant coatings are acrylic resins with better viscosity and low content of Volatile Organic Compound (VOC). Properties of skid resistant coatings include fast drying components, durability, substantial water-dispersion, and enhanced adhesion. Use of skid resistant coatings on floors helps to avoid slippage of commuters on busy locations. Almost all the companies use skid resistant coating where workforce is more.
Anti-skid coatings help companies save lives and look after the safety of employees. Negligence in using proper anti-skid coatings can also lead to loss of productivity and injuries. Manufacturers of anti-skid coatings use epoxy and polyurethane coatings to provide grip to the surface. Skid resistant coatings help to provide a rough effect to the surface. It is considered as the most cost-effective solution that sustains for a longer period of time.
The growth of the skid resistant coatings market is driven by government activities such as construction of roads, healthcare, and educational institutes. In addition, construction of new malls, infrastructure, and restaurants is expected to create opportunities for the skid resistant coatings market. Further, the real estate sector recovery and new constructions projects are estimated to drive the commercial and residential construction activities. Anti-skid coatings are mostly used in industrial buildings. In residential and commercial buildings, anti-skid coatings provide rich surface with attractive textures. Proper application of anti-slip coatings on the floor not only avoids accidental slipping but also keeps the shine of existing surface for longer time. Furthermore, good quality anti-slip coatings are extremely resistant to scratches and the layer of these coatings is not easily diminished on regular cleaning and washing.
Anti-slip coating is a weather based product, which is dependent on moisture and temperature below 10 degrees; therefore, applying skid resistant coatings is not favorable. However, skid resistant coatings are time consuming and weather-dependent application, which hamper the market growth.
By region, the global skid resistant coatings market is fragmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to represent the highest growth with China, Japan, and India being the key sources of growth. Increase in income and expenditure levels are the major reasons for the growth of the market in Asia-Pacific countries. Developed countries in North America and Europe mainly invest in infrastructural activities & modern life style. Therefore, attributed to this fact, the skid resistant coatings market has significant growth potential in North America and Europe. Companies operating in the anti-skid coatings market in Asia Pacific and Latin America primarily invest in R&D activities. Skid resistant coatings are widely used in industrial and mass transit places, including hypermarkets, supermarkets, indoor entertainment centers, airports, and metro stations.
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Skid Resistant Coatings Market: Global Opportunity Analysis and Industry forecast 2020–2027 Report Highlights
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Key Market Players | Safemate Anti-Slip Pty, RPM International, Sherwin Williams, Hempel A/S, ParameltRmc, No Skidding Products, Amsteps Products, Randolph Products, Axalta Coating Systems, Skidproof, 3M, PPG Industries |
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