Polyurethane Floor Enamel Market to Undertake Strapping Growth During 2024
Polyurethane
floor enamel is manufactured to prolong the life of ceramics tiles.
Polyurethane floor enamel is ideal for use on above grade wood and
concrete floors & porches. Polyurethane floor enamel performs in
a variety of areas, such as porches, stairs and boat decks.
Polyurethane floor enamel features excellent resistance to oils,
abrasion and washing with superior scuff resistance. Polyurethane
enamels have easy application, excellent wetting properties,
tenacious adhesion and can be applied over painted surfaces. In
addition, polyurethane floor enamels have excellent resistance to
yellowing in white and pastel shades combined with superior light
fastness and hiding power, making it very economical in general
usage.
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Polyurethane
floor enamels are formulated with urethane-modified alkyd resins and
can be applied to exterior or interior ferrous or non-ferrous metals.
Polyurethane enamel can be applied by brush, spray or roller.
Polyurethane floor enamel are designed as a finish coat on flooring
systems used in commercial facilities, pharmaceutical facilities,
automobile industry, warehouses and aircraft hangars among others.
The
growth in end user industries is expected to increase consumption of
polyurethane floor enamels. The growth in ceramic tile industry is
expected to boost demand for polyurethane floor enamels. The demand
for ceramic tiles is primarily led by an increase in construction
activities due to rapid urbanization and population expansion in
emerging economies of Asia Pacific and Latin America. However,
fluctuating raw material prices, government regulations and
availability of substitutes could hamper the growth of this market.
Companies manufacturing polyurethane floor enamels have to meet the
stringent VOC regulations imposed by countries in North America and
Europe.
Polyurethane
floor enamel has a global demand due to extensive applications in
ceramic tile industry. Asia Pacific is expected to be the largest
consumer of polyurethane floor enamels followed by North America and
Europe. China and India are the largest consumers of polyurethane
floor enamels in Asia Pacific due to presence of an established
ceramic tile industry. Polyurethane floor enamel manufacturers are
shifting their production facilities to emerging economies of Asia
Pacific due to availability of raw materials, cheap labor and local
government incentives. Macau, Republic of Korea, Japan, New Zealand
and Australia are other major consumers of polyurethane floor enamels
in Asia Pacific. The demand for polyurethane floor enamels in Latin
America is expected to increase substantially due to increase in
commercial construction activities and rapid economic development.
Brazil, Argentina and Peru are major consumers of polyurethane floor
enamels in Latin America. Europe and North America are saturated
markets and expected to experience moderate growth rate.
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The
polyurethane floor enamel market is highly competitive and dominated
by large and medium chemical companies. Some of the key players in
this market are Yantai Wanhua Polyurethanes Co., Ltd (China),
Sherwin-Williams (U.S.), Chemical Strategies Inc (U.S.), Trelleborg
AB (Sweden), Shandong Dongda Inov Polyurethane Co., Ltd (China),
Nippon Polyurethane Industry Co., Ltd. (Japan), Kumho Mitsui
Chemicals, Inc. (South Korea), Huntsman Corporation (U.S.), E. I. du
Pont de Nemours and Company (U.S.), Foshan Nanhai Huaren Chemical
Co., Ltd.(China), Emperol Colours Pvt. Ltd (India), Wintech Paints &
Chemicals Ltd (India) and BASF SE (Germany) among others. Companies
are investing in research and development to manufacture superior
grades of polyurethane floor enamels to remain competitive in the
market. In addition, companies are expanding their presence in
emerging economies of Asia Pacific to increase their market share.
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