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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