players adopted expansions and acquisitions as their key growth strategies from 2015 to 2018 in Anti-Slip Coatings Market
The market size for anti-slip coatings is projected to grow from USD 105 million in 2018 to USD 161 million by 2023, at a CAGR of 6.5% during the forecast period. The major driving factors of the anti-slip coatings market are increasing industrialization and implementation of safety measures for workers and the general public.
The leading players in the anti-slip coatings market are 3M (US), PPG Industries (US), Axalta Coating Systems (US), Hempel A/S (Europe), RPM International (Mexico), Sherwin Williams (US), Amsteps Products (England), Randolph products (UK), No Skidding Products (US), North Central Electric (US), Paramelt RMC B.V (Netherlands), Safemate Anti-Slip Pvt. Ltd. (Germany), Skidproof Ltd. (UK), Industrial applications Inc. (UK), Halosurfaces International Ltd. (New Zealand), Wooster Products (US), Anti-slip Anywhere (US), Tesoplas (England), American Safety Technologies (US), and Diamond Safety Concepts (Japan). These players adopted expansions and acquisitions as their key growth strategies from 2015 to 2018, which helped them increase their capacities and cater to the widening customer base.
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PPG Industries (US) adopted the strategy of merger & acquisition to meet the rising demand from the domestic and international markets. The company, in October 2017, acquired a coating company named ‘Crown Group.’ The company is the leading component and product finishers in North America. This is expected to allow PPG to access to the already existing market of Crown Group. PPG completed a high-performance waterborne and high-solids coatings production line in China. This line enhances the production and service capabilities of PPG’s automotive coatings business for customers in China.
RPM International launched a line of industrial-strength options, including anti-slip additives, which are effective for high traffic areas or shop environments. These additives create a slip-resistant surface and add texture to interior floor coatings. RPM International Inc. acquired Key Resin Company, which is a manufacturer of polymer flooring and coating systems. The company also acquired Prime Resins, which is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair.
Related Reports:
Anti-Slip Coating Market by Resin (Epoxy, Polyurethane, Polyaspartic & Acrylic), Type (Water-based, Solvent-based), End-use Industry, and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023
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