Anti-slip Coatings Market by Type and Geography - Forecast and Analysis 2022-2026

The anti-slip coatings market share is expected to increase by USD 22.31 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.4%.

This anti-slip coatings market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers anti-slip coatings market segmentations by type (water-based and solvent-based) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The anti-slip coatings market report also offers information on several market vendors, including 3M Co., Akzo Nobel NV, Amstep Products, Anti Slip Anywhere, Axalta Coating Systems Ltd., Diamond Safety Concepts, Halo Surfaces International Ltd, Hempel AS, Illinois Tool Works Inc., Industrial Applications Inc, Lysis Technologies Ltd, No Skidding Products Inc, PPG Industries Inc., Randolph Products Co, Safemate Anti Slip, SkidProof Ltd, Ter Group, The Sherwin Williams Co., Wooster Products Inc, and RPM International Inc. among others.

What will the Anti-Slip Coatings Market Size be During the Forecast Period?

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Anti Slip Coatings Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The growing demand for anti-slip coatings in APAC is notably driving the anti-slip coatings market growth, although factors such as the high threat of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the anti-slip coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Anti-Slip Coatings Market Driver

• The growing demand for anti-slip coatings in APAC is one of the key drivers supporting the anti-slip coatings market growth.
• The high coefficient of friction and durability of anti-slip coatings help in improving the safety of workers by preventing slips and falls. The high strength and chemical resistance of anti-slip coatings make them suitable for the construction and marine industries. 
•  A huge consumer base and high purchasing power parity (PPP) in APAC countries are attracting significant private investments.
• According to The World Bank Group, the GDP at PPP of China reached $19.338 trillion in 2021. The high GDP at PPP in APAC countries, including China, Indonesia, and India, has resulted in a rise in the purchase of residential and commercial buildings by individuals. Thus, the increase in the number of residential buildings owned by individuals will drive the demand for anti-slip coatings in the region during the forecast period. 

Key Anti-Slip Coatings Market Trend

• Market consolidation through M&A is one of the key anti-slip coatings market trends contributing to market growth.
• Vendors adopt M&A strategies to seize growth opportunities in the market. Consolidation also helps manufacturers improve their geographical footprint, production capabilities, and product diversification. 
• In June 2022, Sherwin-Williams completed the acquisition of Gross and Perthun GmbH. The acquisition is expected to help Sherwin-Williams diversify its product offerings and leverage new technologies to gain a competitive edge in the market. 
• In August 2021, Sherwin-Williams acquired Sika AG's industrial coating business. The acquisition is expected to rationalize Sika AG's asset portfolios and improve its production efficiency using resources, including machinery and other equipment. This, in turn, will propel the market growth during the forecast period.

Key Anti-Slip Coatings Market Challenge

• The high threat of substitutes is one of the factors hindering the anti-slip coatings market growth.
•  Anti-slip panels are fitted over existing slippery residential and industrial floors to prevent accidents related to slips and falls. 
• Anti-slip panels provide anti-slip solutions for slippery surfaces, including work platforms, wet or greasy floors, gantries, open mesh catwalks, and walkways and stairs. 
• Anti-slip panels find applications in the construction of floors in commercial vehicle manufacturing units, cold rooms, and residential buildings.
• The excellent toughness and durability of anti-slip panels make them suitable for constructing flooring systems. Thus, the growing demand for anti-slip panels from various end-user industries, such as construction and automotive, is expected to impede the growth of the market during the forecast period.

This anti-slip coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global anti-slip coatings market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the anti-slip coatings market during the forecast period.

Who are the Major Anti-Slip Coatings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• Akzo Nobel NV
• Amstep Products
• Anti Slip Anywhere
• Axalta Coating Systems Ltd.
• Diamond Safety Concepts
• Halo Surfaces International Ltd
• Hempel AS
• Illinois Tool Works Inc.
• Industrial Applications Inc
• Lysis Technologies Ltd
• No Skidding Products Inc
• PPG Industries Inc.
• Randolph Products Co
• Safemate Anti Slip
• SkidProof Ltd
• Ter Group
• The Sherwin Williams Co.
• Wooster Products Inc
• RPM International Inc.

 

This statistical study of the anti-slip coatings market encompasses successful business strategies deployed by the key vendors. The anti-slip coatings market is fragmented and the vendors are deploying growth strategies such as price, quality, reputation, innovation, brand identity, and distribution to compete in the market.

Product Insights and News

• 3M Co. - It is a public company headquartered in the US. It is a global company generating $35,355 million in revenues and has around 95,000 employees. Its revenue from the global anti-slip coatings market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• 3M Co. - The company offers anti-slip tapes and treads 600 series for heavy shoe traffic areas. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their positions in the slow-growing segments.

The anti-slip coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Anti Slip Coatings Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the anti-slip coatings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Anti-Slip Coatings Market?

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38% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the anti-slip coatings market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in commercial and residential construction, along with the growing investments in infrastructure development will facilitate the anti-slip coatings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on regional market growth.  However, the construction industry is expected to witness accelerated growth in the region during the forecast period owing to increased investments by the governments of countries in APAC, such as India and China in constructing large-scale infrastructure projects. 

What are the Revenue-generating Type Segments in the Anti-Slip Coatings Market?

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The anti-slip coatings market share growth by the water-based segment will be significant during the forecast period. Epoxy and polyurethane are some of the commonly used water-based anti-slip coatings. Resistance to heat and abrasion, and excellent strength are some of the factors contributing to the increased use of anti-slip coatings. In addition, cost-effectiveness and good adhesion despite the addition of materials, including hardeners, additives, and thinners, are likely to boost the segment's growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the anti-slip coatings market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Anti Slip Coatings Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.4%
Market growth 2022-2026	$22.31 million
Market structure	Fragmented
YoY growth (%)	2.47
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 38%
Key consumer countries	US, China, India, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., Akzo Nobel NV, Amstep Products, Anti Slip Anywhere, Axalta Coating Systems Ltd., Diamond Safety Concepts, Halo Surfaces International Ltd, Hempel AS, Illinois Tool Works Inc., Industrial Applications Inc, Lysis Technologies Ltd, No Skidding Products Inc, PPG Industries Inc., Randolph Products Co, Safemate Anti Slip, SkidProof Ltd, Ter Group, The Sherwin Williams Co., Wooster Products Inc, and RPM International Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Anti-Slip Coatings Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive anti-slip coatings market growth during the next five years
• Precise estimation of the anti-slip coatings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the anti-slip coatings industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of anti-slip coatings market vendors

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