Anti-slip Coatings Market Size to Grow by $ 18.75 mn through 2021-2025
Technavio research projects the anti-slip coatings market to grow by $ 18.75 mn, accelerating at a CAGR of almost 3% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Anti-slip Coatings Market: Key Market Driver
One of the primary factors that will trigger the growth of the anti-slip coatings market size is growth in global construction industry. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Anti-slip Coatings Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Akzo Nobel NV, Amstep Products LLC, Axalta Coating Systems Ltd., Hempel AS, Illinois Tool Works Inc., PPG Industries Inc., Randolph Products Co., RPM International Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
The Global Anti-slip Coatings Market is expected to grow by USD 18.75 million, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report
Anti-slip Coatings Market: Segmentation by Type
This report provides a detailed analysis of the market by type: water-based and solvent-based. Water-based anti-slip coatings use water as the solvent to dissolve the additives and resins. Anti-slip coatings provide a high coefficient of friction. Moreover, properties such as heat resistance, abrasion resistance, cost-effectiveness, high strength, and superior adhesion are likely to boost the demand for water-based anti-slip coatings. Therefore, the growth of the market segment is expected to be significant during the forecast period.
Anti-slip coatings provide excellent slip-resistance to various surfaces, including tiles, ceramics, concrete, and marbles, which helps in avoiding accidents. This will boost the demand for anti-slip coatings in the residential, commercial, and industrial construction sectors. The rising number of residential and non-residential construction projects across the world will simultaneously increase the demand for anti-slip coatings.
Anti-slip Coatings Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Akzo Nobel NV, Amstep Products LLC, Axalta Coating Systems Ltd., Hempel AS, Illinois Tool Works Inc., PPG Industries Inc., Randolph Products Co., RPM International Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
