Anti-Slip Coatings Market Size to grow by USD 21.7 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Anti-Slip Coatings Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The global specialty chemicals industry encompasses businesses specializing in high-value-add chemicals utilized in the production of diverse product categories, including fine chemicals, additives, sophisticated polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the expansion of this sector is attributed to the increasing preference for specialized adhesives and sealants, which will significantly contribute to the market's growth trajectory throughout the forecast period. - The Anti-Slip Coatings Market is experiencing significant growth, fueled by the Growing demand for anti-slip coatings in APAC. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Growing demand for anti-slip coatings in APAC
  • Rising growth in global construction industry
  • High threat of substitutes
  • Stringent regulations and policies
• Growth Projections

The market size is estimated to grow by USD 21.7 million, at a CAGR of 3.15% during the forecast period. In the dynamic anti-slip coatings market, businesses employ strategic mergers and acquisitions (M&A) to capitalize on growth opportunities. Consolidation enables manufacturers to expand their geographical reach, enhance production capabilities, and broaden product portfolios. In June 2022, Sherwin-Williams, a leading player, finalized the acquisition of Gross&Perthun GmbH. This strategic move is projected to augment Sherwin-Williams' product diversity and introduce new technologies, thereby bolstering its competitive edge. Additionally, the acquisition is anticipated to fortify its distribution network for anti-slip coatings across North America. Previously, in August 2021, Sherwin-Williams acquired Sika AG's industrial coating business. This acquisition aims to optimize Sika AG's asset portfolios and boost production efficiency through the utilization of shared resources, including machinery and equipment.

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• Regional Insights

The Anti-Slip Coatings Market is experiencing significant growth due to increasing demand for safety and efficiency in various industries. These coatings provide essential traction in hazardous environments, enhancing workplace safety and reducing potential liability. Key sectors, such as oil and gas, manufacturing, and construction, are major contributors to market expansion. Innovative technologies, including nanotechnology and biocide additives, are further boosting product demand. The market is expected to continue its upward trajectory, driven by stringent safety regulations and evolving consumer preferences.

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