Anti-Slip Coatings Market Worth $161 Million by 2023
Chicago -- According to the new research report "Anti-Slip Coating Market by Resin (Epoxy, Polyurethane, Polyaspartic & Acrylic), Type (Water-based, Solvent-based), End-use Industry, and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023", published by MarketsandMarkets, the anti-slip coating market size is estimated at $105 million in 2018 and is projected to reach $161 million by 2023, at a CAGR of 6.5% between 2018 and 2023. The growing construction industry and increase in maritime activities are expected to drive the anti-slip coating market.
The two key end users of anti-slip coating are construction/flooring and marine decking, though flooring is the dominant end user of anti-slip coatings, globally. The demand for anti-slip coatings from the end-use industries such as commercial, residential, and industrial construction is expected to drive the growth of the construction flooring segment.
Epoxy resin is widely used as protective and performance coatings due to their properties such as good adhesion, flexibility, solvent resistance, hardness, and wear and tear strength. It is a predominantly thermosetting resin, which becomes irreversibly hard after curing. In industrial flooring, epoxy resins are preferred as they provide a hard and strong surface to walk. They are used in industries where accidents due to slips are more likely to happen. The growth of the epoxy-based anti-slip coatings market depends on the overall protective and performance coatings market. Traditionally, epoxy coatings have been applied as solvent-borne systems. However, due to increasing environmental concerns, water-borne coatings are increasingly preferred.
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