Anti-Slip Coatings Market Outlook
According to a new report by Expert Market Research titled, “Global Anti-Slip Coatings Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global anti-slip coatings market grew substantially in 2023. Aided by the rise in industrialisation, infrastructure development, and the increasing need for safety in both residential and commercial spaces, the market is projected to further grow at a CAGR of 6.2% between 2024 and 2032.
Anti-slip coatings are primarily used to offer resistance against slip and falls on surfaces that are often exposed to moisture, oil, or other slippery substances. These coatings are vital in places such as industries, commercial buildings, and domestic areas to ensure safety and prevent accidents. Their application extends to various surfaces like floors, stairs, decks, and other areas prone to slipperiness.
As per the anti-slip coatings market analysis, accelerating urbanisation and a growing population lead to increased construction activities globally. This growth in construction projects, coupled with a heightened awareness of safety standards, has significantly boosted the demand for anti-slip coatings. Furthermore, stringent government regulations to ensure the safety of workers and inhabitants in commercial and residential buildings have made the application of these coatings more widespread.
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Another driving factor for the anti-slip coatings market growth is their diversified applications across various sectors. For instance, the marine industry often uses these coatings on ship decks to prevent slip-related incidents. Similarly, food processing plants, known for wet environments, mandate the use of anti-slip coatings on their floors to ensure worker safety. With the expansion of these industries, the demand for anti-slip coatings is expected to rise exponentially.
In the residential sector, the growing trend of home improvement and renovation projects has propelled the anti-slip coatings market demand. Homeowners are now more aware and willing to invest in safety, leading to a heightened demand for these coatings, especially in areas like bathrooms, kitchens, and patios.
The aesthetics provided by modern anti-slip coatings have evolved, allowing architects and designers to incorporate them without compromising on the visual appeal of spaces. This dual functionality, ensuring safety while retaining aesthetics has further increased the value of anti-slip coatings market size. The increasing demand for eco-friendly solutions is another trend shaping the trajectory of the anti-slip coatings market. As consumers and industries become more conscious of their environmental impact, the need for sustainable and green anti-slip coating solutions has witnessed a marked rise.
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Anti-Slip Coatings Market Segmentation
The market can be divided based on type, epoxy resin, application, end use, and region.
Market Breakup by Type
- Water-Based
- Solvent-Based
Market Breakup by Epoxy Resin
- Polyurethane
- Polyaspartic
- Acrylic
- Others
Market Breakup by Application
- Flooring
- Industrial Building
- Residential Building
- Commercial Building
- Marine
- Others
Market Breakup by End Use
- Healthcare
- Construction
- Sports
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global anti-slip coatings market. Some of the major players explored in the report by Expert Market Research are as follows:
- Hempel A/S
- 3M Company
- Sika AG
- The Sherwin-Williams Company
- AkzoNobel N.V.
- PPG Industries, Inc.
- Axalta Coating Systems Ltd.
- Henkel AG & Co. KGaA
- Amstep Products
- Randolph Products Co.
- Others
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