Report Predicts Growth in Industrial Floor Coatings Market
SHELBYVILLE, DE — According to a new research report by Global Market Insights Inc., the market for industrial floor coatings is estimated to exceed $7 billion by 2024, growing at a compound annual growth rate of 7.2%.
Favorable macroeconomic conditions coupled with rising industrialization in emerging nations will drive the industry share. According to the Asia Development Bank, Asian countries are expected to invest $9 trillion for infrastructure development between 2010 and 2020 to augment industrialization and urbanization. This will create a surge in the number of manufacturing facilities, thereby fueling industrial floor coatings demand.