Market Trends of Anti-Slip Coatings Industry
This section covers the major market trends shaping the Anti-Slip Coatings Market according to our research experts:
Growing Application in Industrial Sector
- Anti-Slip Coatings are coatings used on floor, deck, railings, ramps and other areas for non-slippy nature. It is a coating formulated with a fine texture finish that is durable, easy to clean and chemically resistant. It is suitable for recreational, industrial environments and all other required areas.
- Anti-Slip Coatings adhere to concrete, metal, wood and other surfaces. It is fire retardant when dry and has excellent chemical resistance to oil, gasoline, acids, caustics, hydraulic fluids, and most solvents.
- Stringent regulations from government to maintain industrial safety are increasing the application of anti-slip coatings in industries
- About 296 Approved Cold Chain Projects in Food Processing have been approved in India as on May 2019 creating a major scope for the usage of anti-slip coatings in the industry.
- Industrial sector leads in the utilization of anti-slip coatings with China, Germany, United States, India, Japan playing a major role in this market.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for anti-slip coatings during the forecast period. In countries like China, India, and Japan because of growing industrial safety, the demand for anti-slip coatings has been increasing in the region.
- The largest producers of anti-slip coatings are located in the Asia-Pacific region. Some of the leading companies in the production of anti-slip coatings are 3M, AkzoNobel N.V., Jotun, Sika AG, Henkel AG & Co. KGaA.
- According to the Ship Builders Association of Japan, the gross tonnage of ship size covered 14,354 by end of June 2019 which was 15,097 tonnage by the end of December 2018 creating growth in the market of anti-slip coatings.
- These anti-slip coatings can be used in wet areas, dry areas, clean room areas, and other workspaces as a safety measure in industries.
- The aforementioned factors coupled with government support are contributing to the increasing demand for anti-slip coatings market during the forecast period.
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