Anti-Slip Coatings Market

Anti-Slip Coatings Market Size & Growth (2023-2028):

The Anti-Slip Coatings Market size was expected at around $118 million by the end of 2022 and is expected to grow at an 8.5% CAGR to reach $ 161 million by 2028.

Anti-slip coatings are utilized on different surfaces, for example, workshop floors, steps, platforms, etc. They are wear-resistant and oppose oils, acids, cleaners, and others. Anti-slip coatings can be utilized without the requirement for any past blending.

Anti-slip coatings help stay away from mishaps caused in highly slippery zones, for example, on kitchen floors or restrooms where there are high odds of fluid spills. Proper use of anti-slip coatings on the floor keeps accidental slipping under control as well as keeps up the radiance and sparkle of the existing surface for a longer time. It is considered the smartest answer for a longer period. It contains added substances, for example, aluminum oxide, sand, or carborundum. Moreover, great quality anti-slip coatings are very resistant to scratches, and the layer of these coatings isn't effectively decreased on customary cleaning and washing. Anti-slipping coatings have different properties, for example, superb water repellence, protection from corrosive, salts, and destructive synthetic compounds, and accessibility in completely wanted colors and shades.

The global anti-slip coatings market is encountering increased demand because of fast development in industrialization. Developing utilization of anti-slip coatings in steps, workshop floors, platforms, and different others makes new alternatives for developing this market also. Another critical factor is the resistance of magnet wire against acids, oils, and cleansers, and no requirement for any premixing is additionally extended to support interest in the worldwide anti-slip coatings market. In addition, new well-being guidelines related to safety caused because of slipping are likewise boosting development in this business. Appropriate execution of these standards in the structure and development industry likewise enhanced development for anti-slip coatings. Alongside this data different components control development in the global anti-slip coatings market. Right now, ongoing trends in the market, segmentation, player initiatives, and a few others are a major part of this industry. With these bits of knowledge, manufacturers and key market firms will be equipped to make better choices because of finding complete data about this industry. The Asia Pacific is estimated to offer lucrative growth opportunities for the development of this business in the coming years.

ANTI-SLIP COATINGS MARKET REPORT COVERAGE:

Drivers in the Anti-Slip Coatings Market:

Strict environmental regulations relating to VOCs from anti-slip coatings are estimated to hamper the industry expansion in the future. Nevertheless, such anti-slip coatings have to meet strict environmental rules and might impact the industry. Furthermore, as a substitute, anti-slip panels might pose the largest danger to the anti-slip coating industry. Low-cost possible substitutes which are easy to apply and equally effective are estimated to act as a restraint to the industry expansion. Anti-slip coatings have to meet strict environmental rules and might impact the industry. Furthermore, as a substitute, anti-slip panels might pose the largest threat to the anti-slip coating business.

Opportunities in the Anti-Slip Coatings Market:

Rising calls for the product in the building and marine business are probable to offer high opportunities to the industry players throughout the foreseen period. The increase in industrialization and industrial activities across the globe has assisted the industry to raise healthy.

Challenges in the Anti-Slip Coatings Market: 

Anti-slip coatings take more time to heal which is a significant challenge to the industry players. Moreover, the presence of easy-to-install substitutes like anti-slip panels (fiber-reinforced plastic (FRP)) is another major challenge faced by industry players. Carelessness in utilizing genuine anti-slip coatings can result in loss of productivity and wounds.

Market Segmentation:

Anti-Slip Coatings Market - By Resin:

• Epoxy Coating

• Polyurethane Coating

•  Polyaspartic Coating

• Acrylic Coating

Epoxy coating is a widely used anti-slip coating due to its properties like flexibility, food adhesion, hardness, solvent resistance, and wear-tear strength. Epoxy resin is a thermosetting resin, which makes it very hard once it cures/sets.

Anti-Slip Coatings Market - By Type:

• Water-based Coating

• Solvent-based Coating

Anti-Slip Coatings Market - By End-Use:

• Industrial Flooring 

• Ceramic

• others 

The majority of the dales in this market happen to the industrial flooring sector, as they need anti-slip flooring for safety purposes.

Anti-Slip Coatings Market - By Region:

• North America

• Europe 

• Asia Pacific 

• Latin America

• Middle East and Africa 

Asia Pacific had the largest market share in the year 2020 and is anticipated to be the fastest-growing market, attributed to its high CAGR. This region is leading in both production and consumption due to the easy access to raw materials required for the market. The wide customer base in the regions like India and China (of about 35% of the global population) and cheap labor in these regions are one reason for its dominance in this region.

North America and Europe have a decently stable Global Anti-Slip Coating market, as the leading industries in these regions are self-sustainable for the requirement in their region.

Recent Developments:

• Dow DuPont, a leading shareholder in the Global Specialty Polystyrene Resin market, has proposed to break into a total of 3 entities, which might affect the market.

• The market will become complex as businesses worth nearly USD 8 billion will be transferred from its Materials Science division to its Specialty Products division, in terms of sales.

Anti-Slip Coatings Market Key Market Players:

• Dow DuPont(US)

• 3M (US)

• Skidproof Ltd. (UK)

• PPG Industries (US)

• Axalta Coating Systems (US)

• Hempel A/S (Europe)

• RPM International (Mexico)

• Sherwin Williams (US)

• Amsteps Products (England)

• Randolph Products (UK)

• Anti-slip Anywhere (US)

• Safemate Anti-slip Pvt. Ltd. (Germany)

• Industrial Applications Inc. (UK)

• Halosurfaces International Ltd. (New Zealand)

• North Central Electric (US)

• Paramelt RMC B.V (Netherlands)

•   Wooster Products (US)

• Tesoplas (England)

• American Safety Technologies (US)