ID: MRFR/CnM/5925-HCR | February 2021 | Region: Global | 140 pages
According to MRFR analysis, Global Anti-Slip Coatings Market is projected to reach USD 163 Million with a robust CAGR of 6.35% during the assessment period. Anti-slip coatings are the coatings which are applied on floors, decks, rails, ramps, and steps. These coatings helped to avoid the accidents caused on high slippery surfaces of bathrooms or kitchen floors. Injuries due to falls and slips are a major reason for accidents and deaths, particularly in manufacturing sites. Anti-slip coatings help in saving lives; and look after the safety of employees. It contains additives of aluminum oxide, carborundum, and sand. It is primarily designed to prevent slips and maintain surface shine and luster for long time. These coatings are glossy and are available in different colors.
Safety of the employees is a prime concern for corporate offices and manufacturing sites. Lethal injuries and deaths at the workplace are a major setback to employers and companies. Stringent safety regulations at workplace due to severe accidents pertaining the growth of anti-slip coating market during the forecast period. Moreover, the rising development in flooring construction, especially in emerging economies increases the demand of the product over next five years. However, anti-slip coatings take more time in curing which poses a major challenge to the market players. Furthermore, availability of easy-to-install alternatives such as anti-slip panels (fiber-reinforced plastic (FRP)) is another challenge faced by market players. Negligence in using proper anti-slip coatings can cause loss of productivity and injuries. Nevertheless, growing R&D facilities for new and enhanced anti-slip technology is expected to offer lucrative opportunities to the manufacturers. In addition to this, surging demand for the product in construction and marine industry is likely to provide ample opportunities to the market players during the forecast period.
However, stringent environmental regulations regarding VOCs from anti-slip coatings is expected to hamper the market growth in the coming years.
Global Anti-Slip Coatings Market Share, by Application, 2017 (%)
Source: MRFR analysis
The global anti-slip coatings market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia-Pacific market accounted for the largest market share in 2017 and is expected to be the fastest-growing market in the coming years owing to the growing construction industry in the region. Rapid industrialization, growing safety concerns, and increasing residential and commercial building are expected to fuel the regional market growth. China is the leading country in the region owing to the large consumer base and surging demand for the product in construction flooring in residential buildings. India, Japan, and South Korea are other regional contributors. The North American market accounted for the second-largest market share in 2017 owing to the growing safety regulations in companies. The US is the major contributor in the region due to the growing product innovation for low VOC emission anti-slip technology and surging demand for the product in marine deck applications. The European market held a significant market share in 2017 owing to the growing concerns for safety of employees and surging demand from marine industry. Germany is the prominent country in the region owing to the advanced product development and growing demand for commercial building flooring applications. Other regional countries contributing to the regional market growth are France, Italy, and Spain. The Latin American market held a moderate market share in 2017 and is expected to grow at a healthy CAGR in the following years owing to the increasing demand for the product in industrial flooring solutions, bathrooms, among others. Mexico, Brazil, and Argentina contribute to the regional market growth. The Middle East & Africa market is expected to register a steady CAGR in the coming years owing to moderate demand for the product in construction and healthcare industries.
The global anti-slip coatings market has been segmented on the basis of type, epoxy resin, application, end-use industry, and region.
Based on type, the global anti-slip coatings market has been bifurcated into water-based and solvent-based.
By epoxy resin, the global anti-slip coatings market has been classified into polyurethane resin, polyaspartic, acrylic, and others.
On the basis of application, the global anti-slip coatings market has been categorized into flooring, marine, and others. The flooring segment is further divided into industrial building, residential building, and commercial building.
Based on end-use industry, the global anti-slip coatings market has been segmented into healthcare, construction, sports, and others.
The global anti-slip coatings market has been studied across five major regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The key players involved in the global Anti-Slip Coatings market are Hempel A/S (Denmark), Amstep Products (US), 3M (US), Randolph Products (US), PPG Industries, Inc. (US), Axalta Coating Systems (US), No Skidding Products Inc. (Canada), Paramelt (The Netherlands), RPM International Inc. (US), Tesoplas (UK), No Skidding Products Inc. (Canada), Anti-Slip Anywhere (Canada), and Safemate Anti-Slip SkidProof Ltd (Melbourne).
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||type, epoxy resin, application, end-use industry, and region|
|Geographies Covered||Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.|
|Key Vendors||Hempel A/S (Denmark), Amstep Products (US), 3M (US), Randolph Products (US), PPG Industries, Inc. (US), Axalta Coating Systems (US), No Skidding Products Inc. (Canada), Paramelt (The Netherlands), RPM International Inc. (US), Tesoplas (UK), No Skidding Products Inc. (Canada), Anti-Slip Anywhere (Canada), and Safemate Anti-Slip SkidProof Ltd (Melbourne).|
|Key Market Opportunities|
|Key Market Drivers|
Frequently Asked Questions (FAQ) :
The anti-slip coatings market is projected to grow at a 6.35% CAGR between 2016-2023.
The anti-slip coatings market is predicted to touch USD 163 million by 2023.
The APAC region is expected to lead the anti-slip coatings market.
Rising development in flooring construction is boosting market growth.
Strict environmental rules may limit market growth.