Anti-Slip Coating Market by Resin (Epoxy, Polyurethane, Polyaspartic & Acrylic), Type (Water-based, Solvent-based), End-use Industry, and by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Global Forecast, 2020 to 2030

The worldwide anti slip coating market has enormous development potential, and rising economies are offering attractive chances for them to expand and establish themselves. As a result, players are investing in research and development in order to maximize these potential. PPG's high-performance waterborne and high-solids coatings manufacturing line in China was just finished. This breakthrough will improve PPG's automotive coatings business in China's service and manufacturing capabilities. To improve safety, 3M created their anti-slip floor coating. With this advancement, the business can now make a floor covering that has anti-slip capabilities as well as the capacity to be peeled away.

Anti-slip coatings prevent mishaps caused by high-slip areas, such as the kitchen floor or the bathroom, where liquid spills are common. Anti-slip coatings applied precisely to the floor not only prevent inadvertent slippage, but also extend the life of the current surface's luster and sheen. It is thought to be the most cost-effective option for a longer length of time. Sand or carborundum Aluminum oxide are used as additions. Furthermore, high-quality anti-slip coatings are extremely resistant to scratches, and its layer does not quickly wear away with frequent cleaning and washing.

Employers and businesses have a big challenge when it comes to workplace injuries and deaths. Stringent safety restrictions have been implemented relevant to the growth of the anti-slip coating market throughout the forecast period as a result of major workplace incidents. Furthermore, the need for anti-slip coatings is increasing as the flooring industry develops, particularly in developing nations. Anti-slip coatings, on the other hand, require longer to cure, posing a substantial problem for market competitors. Another problem faced by industry competitors is the availability of fiber-reinforced plastic (FRP) (easy-to-install alternatives such as anti-slip panels).

Based on the type, the market is segmented into Water-based and Solvent-based. The Water-based segment has the largest share in the market in 2019 and the market is forecasted to grow with the significant rate of above 5.5% CAGR over the forecast period. In terms of the application segment, the market is segmented into Construction flooring and Marine deck. In 2020, the Construction flooring segment has the fastest growth in the market in 2019 and the market is forecasted to grow with the significant rate of above 6% CAGR over the forecast period. Manufacturing growth is expected to be higher in developed countries, according to the national PMI (Project Management Institute). Europe is the region with the best results. Increased employment and the creation of industrial facilities stemmed from the expansion in global manufacturing. Industrial establishments, such as manufacturing plants, offices, restaurants, and warehouses, all require flooring. The market for anti-slip coatings is being driven by increasing industrialisation in nations like India, Taiwan, Malaysia, Brazil, Turkey, South Africa, Norway, Denmark, and Belgium.

The Asia Pacific region has the largest share in market with a CAGR of more than 35% in 2019 and is anticipated to continue with the same position during the forecast years 2018-2028. In 2019, the China is projected to hold the majority share of Asia Pacific demand for anti-slip coating. Due to increased demand for anti-slip coatings in nations such as China, Japan, India, South Korea, and Australia, the region has emerged as the largest user of anti-slip coatings. During the forecast period, the increased industrialisation of these nations is likely to boost the market for anti-slip coatings in the area. The building industry is predicted to expand in the future, particularly in Asian countries. The global economy is expanding and will likely continue to do so in the foreseeable future. With the expansion of the economy, the construction industry is expected to increase at a rate of 3.5 percent per year over the next ten years.

The major players of the global anti-slip coating market are 3M (US), PPG Industries (US), Axalta Coating Systems (US), Hempel A/S (Europe), RPM International (Mexico), and Sherwin Williams (US),. The anti-slip coating market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.