Global Anti-Slip Coating Market is segmented By Type (Solvent-based, Water Based), By End-Use Industry (Construction flooring, Marine, Others), By Resin Type (Polyaspartic, Epoxy, Acrylic, Polyurethane), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Anti-Slip Coating Market Overview
A report by DataM Intelligence estimates the global Anti-Slip Coating market to grow at a CAGR Of 6.3% during the forecast period 2024- 2031.
The coating’s anti-slip properties are succeeded using innovative bead technology based on micronized organic polymer spheres which create a distinctively textured surface. Due to their rounded shape, the beads impart a unique non-abrasive micro-textured surface with optimum abrasion resistance, gloss control, and aesthetics. Growing floor safety in high-risk areas such as entranceways, service corridors and bathrooms can considerably lessen the occurrence and cost of a slip and trip accidents. In order to make floors safe, it is important to apply the appropriate anti-slip product on the correct surface, with the proper surface preparation, and then to maintain the surface appropriately.
Slips, trips, and falls represent 21 % of serious worker compensation claims in Australia, estimated to cost USD 8.7 billion per annum. In New Zealand, these incidents account for 51 % of Accident Compensation claims, at a cost of approximately USD124 million.
Anti-Slip Coating Market Summary
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Metrics |
Details |
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Market CAGR |
6.3% |
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Segments Covered |
By Type, By End-Use Industry, By Resin type, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Anti-Slip Coating Market Trends
Increasing industrialization, new protection rules, and guidelines to avoid accidents caused due to slipping and high growth of the construction sector worldwide are the crucial factors impacting the growth of the market globally. The development of global industrialization gives rise to the growth of construction worldwide. The rise in the industrial sector especially in constructions is likely to increase particularly in developed nations and developing economies as per National PMI. Increasing industrialization in countries such as India, Denmark, South Africa, Taiwan, Malaysia, Norway, Belgium, and Brazil is driving the market for anti-slip coatings. The Asia Pacific is the strongest region in the construction sector. In construction, flooring plays a major role in industrial services such as restaurants, offices, warehouses manufacturing plants.
Accessibility and availability of substitutes like anti-slip panels and stringent environmental regulations are the major restraints hampering the market growth.
Anti-Slip Coating Market Segmentation Analysis
By application, the anti-slip coating market is segmented into polyaspartic, epoxy, acrylic, and polyurethane. The global anti-slip coating market size by application was worth USD YY million in 2018 and is estimated to reach USD million by 2026, at a CAGR of % during the forecast period. Epoxy is expected to grow with a high CAGR in the forecast period. Flexibility, solidity, worthy adhesion, solvent resistance, wear, and tear strength are the major and strong properties of epoxy. Owing to these strong properties, it is extensively used as protecting and performance coatings. In industrial flooring, epoxy resins are preferred as hard and strong surfaces to walk on. They are used in industries where accidents occur because of skids and slips. Companies are introducing new products with new solutions. For instance, Wooster Products Inc. has introduced anti-slip safety coating systems. It provides traction for pedestrians and vehicles.
By the end-user industry, the anti-slip coating market is segmented into construction flooring, marine and others.
By type, the anti-slip coating market is segmented into solvent-based and water-based.
Anti-Slip Coating Market Geographical Penetration
The North America anti-slip coating market size was worth USD YY million in 2018 and is estimated to reach USD million by 2026, at a CAGR of YY% during the forecast period. North America is dominating the global Anti-Slip Coating market in 2018 and is estimated to hold the largest market size over the forecast period (2022-2029). An increase in industrialization is the major driving factor for market growth. Companies in USA are launching new products with innovative solutions. For instance, No Skidding® has introduced FRP Step Covers. They are durable anti-slip fiberglass treads and nosings designed for stairs in various industries like mining, warehouses, oil & gas. They are used for both exterior and interior applications and are suitable for concrete, wood, stone, metal, brick or grated steps.
According to the U.S. National Safety Council, every day more than 25,000 people go to the hospital with injuries due to slip, fall accidents. Slip and fall accidents are the second leading cause of accidental death after automobile accidents. Slips and falls are the leading cause of death in the workplace and the cause of more than 20 % of disabling injuries.
The Asia Pacific anti-slip coating market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. It is estimated to grow with a high CAGR in the forecast period. It has developed as the leading market for anti-slip coatings market, due to the increasing interest for anti-slip coatings in countries such as China, India, Japan, Australia, and South Korea.
The growth in the construction sector and the rise in economic and industrial development in Asia Pacific countries is expected to drive the anti-slip coatings market in the estimated period. For instance, as of July 2019, in India, 100% FDI under the automatic route is permitted in the construction development sector, which includes the development of townships, residential or commercial premises. FDI in the construction sector stood at around USD 25.04 billion from April 2000 to March 2019, according to the DIPP.
Anti-Slip Coating Companies and Competitive Landscape
The anti-slip coating market is competitive with existing and new players entering the market. Some of the major players include No skidding, 3M, Amsteps Products, Axalta Coating Systems, Sherwin Williams, Randolph Products Co., Paramelt Rmc B.V., Halo Surfaces, A&I Coatings, and Henkel Corporation.
The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Anti-Slip Coating Market.
For instance, in June 2017, Valspar Corporation’s North American Industrial Coatings was acquired by Axalta Coating Systems.
In March 2017, in China, PPG has completed its high-performance waterborne and high-solids coatings production line.
3M’s latest innovation, 3M™ Safety-Walk™ Anti-slip Peelable Coating 3500 will assist businesses to improve their floor safety.
In February 2015, 3M has introduced an anti-slip floor coating to increase and improve safety and protection.
