The global anti-slip coating market size is expected to reach USD 242.8 Million in 2030 and register a revenue CAGR of 6.2% during the forecast period. Rapid industrialization, significant growth of the construction sector, increasing infrastructure development projects in developing economies, growing trend of smart cities, stringent governments regulations related to workplace and worker safety, and need to prevent injuries and fatalities from slips and falls in industries are some key factors expected to drive market revenue growth. In addition, rapid technological advancements and development of new and novel compositions and formulations in paints and coatings are expected to drive revenue growth of the market over the forecast period.
Anti-slip coatings are chemical resistant, and they form a rough or coarse surface when applied to otherwise slippery or slick surfaces. These coatings increase friction which prevents slips and falls. Additionally, they increase durability of surfaces and their life span by approximately 10 years in residential environments and five years in commercial environments. These coatings are non-corrosive in nature, are Ultraviolet (UV)-resistant, and they add a layer of protection against salts and destructive synthetic compounds. Other advantages include pre-mixed coatings ready for application, easy to apply by roller and conventional spray techniques, and applicable on concrete as well as metal surfaces.
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Some Key Highlights From the Report
- Epoxy coating is the most extensively used anti-slip coating, and it provides a satin finish and anti-slippery surface. Properties such as flexibility, hardness, strength against wear and tear, and solvent resistance make epoxy the mostly used anti-slippery coating among all other available options.
- The industrial segment is expected to account for largest revenue share in the global market over the forecast period. Slips and falls resulting in injuries and potential fatalities are a common phenomenon in various industries. Anti-slip coatings can be used on any surface, such as on metals, wood, concrete, ceramic and other tiles, vehicle floor mats, and pallet liners, among others, to prevent injuries caused by slips and falls.
- Asia-Pacific market accounted for largest revenue share in the global anti-slip coating market in 2021. This can be attributed to the presence of major companies, such as 3M, Jotun, Henkel AG & Co. Akzo Nobel N.V, and Sika AG, in countries in the region. Governments of various countries is Asia-Pacific are also undertaking initiatives to reduce the rate of accidents caused by fluid spills. These factors are driving revenue growth of the Asia-Pacific market.
- Some major companies profiled in the global market report include Sherwin-Williams, 3M, A&I Coatings, Jotun, Henkel Corporation, Rust-Oleum, MEBAC, Randolph Products, American Safety Technologies, and Amstep Products.
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COVID-19 Analysis: The anti-slip coatings industry was significantly affected due to the COVID-19 pandemic and subsequent lockdowns, along with various other industries and sectors. Supply chain disruptions, owing to travel restrictions, social distancing norms, shutdown of manufacturing and production facilities, disrupted logistics, and non-availability of raw materials were some of the major issues faced by the industry during the pandemic. Trading activities were significantly hit, and there was a decline in revenue from sales of anti-slip coatings. Infrastructure-related activities and construction and development projects were also halted due to restrictions and lockdowns. However, newer projects being developed entail use of new and innovative materials, products, and safety applications, as builders are focusing on encouraging sales of units and properties through use and advertising of various additional features offered over their competitors. This is expected to have a positive impact on the global anti-slip coating market.
Regional Overview: Market in North America is expected to register a steady revenue CAGR over the forecast period. Demand for anti-slip coatings in countries in the region is being driven primarily by rapid growth of industrial and construction sectors. Increasingly stringent norms regarding VOCs and carbon footprint, rapid product innovation, high ownership of swimming pools, and deployment on marine decks are some key factors driving revenue growth of the anti-slip coating market in North America.
Anti-slip coating market in Europe is expected to register a steady revenue growth rate over the forecast period. Europe has various industries and factories where anti-slip coatings are increasingly used to ensure worker safety and security in industrial environments, which is expected to drive revenue growth of the market in this region.
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Segments covered in the report:
Resin Outlook (Revenue, USD Million; 2019-2030)
- Epoxy
- Polyurethane
- Polyaspartic
- Others
End-use Outlook (Revenue, USD Million; 2019-2030)
- Construction Flooring
- Marine Deck
- Industrial Building
- Others
Technology Outlook (Revenue, USD Million; 2019-2030)
- Water-based
- Solvent-based
Application Outlook (Revenue, USD Million; 2019-2030)
- Residential
- Commercial
- Industrial
- Others
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Regional Outlook (Revenue, USD Billion; Volume, Million Tons, 2019-2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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