Market Overview:
Growing incidences of slip and falls is a major concern in
commercial and residential buildings. Anti-slip coatings create safe environment
for employees. In addition to adequate slip resistance of floors, it also
offers glossy surfaces and are available in different colors. It reduces
accidents caused on high slippery surfaces such as stairs, rails, manufacturing
sites. They also help in easy cleaning of floors. Superior quality anti-slip
coatings are scratch resistant and have longer shelf-life.
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Based on type, the global Anti-Slip Coatings Market has been
classified into water-based and solvent-based. The solvent-based segment
dominated the market in 2017 owing to its aesthetic appeal, durability, and
safe coatings to protect from falls in slippery surfaces. They are widely used
on construction flooring. The water-based segment is expected to register the
highest CAGR in the coming year owing to its eco-friendly nature, low-cost and
maximum bondability.
By epoxy resin, the global Anti-Slip Coatings Market has
been categorized into polyurethane resin, polyaspartic, acrylic, and others.
The polyurethane resin is expected to be the largest and fastest-growing
segment during the forecast period owing to high flexibility, excellent wear
and tear strength, good adhesion, and high solvent resistance. It becomes
irreversibly hard after curing and thus is largely used in industrial flooring
as they offer a hard and slip resistant surface to walk.
On the basis of application, the global Anti-Slip Coatings
Market has been divided into flooring, marine, and others. The flooring segment
accounted for the largest market share in 2017 and is likely to grow at a
healthy CAGR during the review period owing to growing demand for the product
in industrial, commercial, and residential buildings. These coatings are used
to avoid any accident or injury caused by slipping, falling, or tripping.
Based on end-use indsutry, the global Anti-Slip Coatings
Market has been segmented into healthcare construction, sports, and others. The
construction industry held for the largest market share in 2017 and is
anticipated to register a significant CAGR during the assessment period owing
to growing safety awareness in industries and residential buildings.
Market Segmentation
The global Anti-Slip
Coatings Market has been segmented on the basis of type, epoxy
resin, application, end-use industry, and region.
By type, the global Anti-Slip Coatings Market has been
bifurcated into water-based and solvent-based.
On the basis of epoxy resin, the global Anti-Slip Coatings
Market has been classified into polyurethane resin, polyaspartic, acrylic, and
others.
Based on application, the global Anti-Slip Coatings Market
has been categorized into construction flooring, marine, and others. The
construction flooring segment is further divided into industrial building,
residential building, and commercial building.
By end-use industry, the global Anti-Slip Coatings Market
has been segmented into healthcare
construction, sports, and others.
The global Anti-Slip Coatings Market has been studied across
five major regions, namely, Asia-Pacific, North America, Europe, Latin America,
and the Middle East & Africa.
Regional Analysis
Geographically, the global Anti-Slip Coatings Market has
been studied across the five regions —Asia-Pacific, North America, Latin
America, Europe, and the Middle East & Africa.
The Asia-Pacific market witnessed the largest market share in
2017 and is projected to grow at the highest CAGR during the forecast period
owing to the growing construction activities in the region. Growing
urbanization and industrialization is projected to propel the regional market
growth. In addition to this, growing safety regulations in workplace and
medical sectors is further anticipated to favor the regional market growth.
China is the major contributor in the region followed by India, Japan, and
South Korea owing to growing residential complexes in the region.
Competitive Analysis
Hempel A/S (Denmark), Amstep Products (US), 3M (US),
Randolph Products (US), PPG Industries, Inc. (US), Axalta Coating Systems (US),
No Skidding Products Inc. (Canada), Paramelt (The Netherlands), RPM
International Inc. (US), Tesoplas (UK), No Skidding Products Inc. (Canada),
Anti-Slip Anywhere (Canada), and Safemate Anti-Slip SkidProof Ltd (Melbourne)
are some of the key players operating in the global Anti-Slip Coatings Market.
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