Artificial Intelligence
Industrial Floor Coating Market revenue to hit USD 17 Billion by 2035, says Research Nester
New York, Aug. 09, 2023 (GLOBE NEWSWIRE) — The global industrial floor coating market is estimated to grow at a CAGR of ~7% from 2023 to 2035. The market is estimated to garner a revenue of nearly USD 17 billion by the end of 2035, up from a revenue of about USD 7 billion in the year 2022. Industrialization and commercial construction projects have been on the rise globally. The need for durable, protective, and aesthetically pleasing flooring solutions in industrial facilities, warehouses, factories, and commercial spaces drives the demand for industrial floor coatings. Rapid urbanization and infrastructure development lead to the construction of residential, commercial, and public infrastructure projects. These projects often require durable and attractive flooring solutions, driving the demand for industrial floor coatings. According to the United Nations, the global urban population is expected to reach 68% by 2050, driving the need for infrastructure development.
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The growth in urbanization and infrastructure development supports the expansion of the industrial floor coating market. This growth is attributed to the growing bearing industry. Industrial floors provide a durable surface for the warehouse to prevent accidents. Factors that are believed to be driving the growth of the industrial flooring market also include the increasing importance placed on the strength of the floor in buildings. Due to the low cost and easy maintenance, there is a growing demand for various products such as epoxy resin. Industrial floor coating withstands the rigors of constant traffic and offers resistance to corrosive liquids. There has also been a growing awareness of the benefits of flooring among end users, which is fueling the growth of the industry.
Industrial Floor Coating Market: Key Takeaways
- Market in Asia Pacific to propel highest growth
- The manufacturing segment to garner the highest growth
- Market in North America to grow at a highest rate
Increasing Growth of Construction Industries across the Globe to Boost Market Growth
There is increasing industrialization in the emerging countries, which is leading to an improvement in the industrial infrastructure. This is driving the growth of the industrial floor coatings market. The use of green and lightweight materials in green buildings has increased. In addition, the concrete flooring is designed with eco-friendly design, which increases the demand for eco-friendly construction projects.
The growth of the construction industry in the residential, commercial and industrial sectors increases the demand for industrial flooring. Urban land take growth will outpace population growth by up to 50%, adding 1.2 million km2 of newly built urban areas globally by 2030. In the automotive industry, large and heavy machines are used to transport various car parts. The end product also requires heavy equipment to move the vehicle off the production floor. Therefore, increasing vehicle production is expected to fuel the growth of the global industrial flooring market over the next years.
Industrial Floor Coating Market: Regional Overview
The global industrial floor coating market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.
Expanding industrialization and urbanization to Drive the Market Growth in Asia Pacific Region
The industrial floor coating market in Asia Pacific region is estimated to garner the largest revenue by the end of 2035. The Asia Pacific region has been experiencing significant industrialization and urbanization, leading to the construction of new industrial and commercial facilities. According to the Asian Development Bank, the industrial sector’s share of GDP in Asia Pacific countries increased from 27.5% in 2000 to 33.4% in 2021. The need for durable and protective flooring solutions in these facilities drives the demand for industrial floor coatings.
The Asia Pacific region is witnessing substantial infrastructure development, including transportation systems, power plants, commercial buildings, and residential complexes. Industrial floor coatings are essential for these projects to provide longevity, aesthetics, and safety to the infrastructure, contributing to market growth. There is an increasing focus on workplace safety and hygiene in the Asia Pacific region, driven by regulations and a desire to maintain a healthy work environment. Occupational health and safety regulations are being implemented and enforced more strictly. Industrial floor coatings with slip resistance, chemical resistance, and easy-to-clean surfaces are in demand to meet these safety and hygiene requirements. Technological advancements and product innovations in the industrial floor coating industry drive market growth in the Asia Pacific region. Advanced coatings with improved properties such as durability, abrasion resistance, and fast curing times are gaining popularity. The introduction of eco-friendly and sustainable coatings, such as low VOC and water-based formulations, is also driving market growth.
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Growing construction activities to Propel the Growth in the North America Region
The North America industrial floor coating market is estimated to garner the highest CAGR by the end of 2035. The North America region has witnessed significant industrial and commercial construction activities, leading to a demand for industrial floor coatings. According to the U.S. Census Bureau, the total construction spending in the United States reached approximately USD 1.5 trillion in 2020. The need for durable, protective, and aesthetically pleasing flooring solutions in industrial facilities, warehouses, factories, and commercial spaces drives the demand for industrial floor coatings.
North America has a strong focus on workplace safety and stringent regulations governing occupational health and safety. Occupational Safety and Health Administration (OSHA) regulations and other industry-specific safety standards emphasize the use of appropriate flooring systems to ensure worker safety. Industrial floor coatings, known for their slip resistance, chemical resistance, and impact resistance, play a crucial role in meeting these safety requirements. The renovation and refurbishment of existing industrial and commercial spaces also contribute to the growth of the industrial floor coating market in North America. Companies invest in upgrading their facilities to improve productivity, safety, and aesthetics. Industrial floor coating market provide a cost-effective solution for transforming and improving the performance of existing floors.
Industrial Floor Coating, Segmentation by End Use Industry
- Aviation & Transport
- Manufacturing
- Warehousing
- Food Processing
Amongst these segments, the manufacturing segment is anticipated to hold the largest share over the forecast period. Economic growth and industrialization play a significant role in driving the manufacturing sector. According to the World Bank, global GDP grew by 2.9% in 2019, with the manufacturing sector contributing to a significant portion of this growth. Industrialization efforts in emerging economies, such as China, India, and Southeast Asian countries, have propelled the manufacturing sector’s growth. Technological advancements, such as automation, robotics, and artificial intelligence, have revolutionized the manufacturing industry. Automation enables increased efficiency, productivity, and precision in manufacturing processes.
Globalization has opened up new markets and created opportunities for manufacturers to expand their operations internationally. Supply chain integration and the development of global production networks have facilitated the efficient movement of goods and services across borders. The manufacturing sector is driven by demand from various end-use industries, such as automotive, electronics, aerospace, consumer goods, and pharmaceuticals. Rising consumer expectations, evolving lifestyles, and technological advancements drive demand for products, which, in turn, stimulates manufacturing activities.
Industrial Floor Coating, Segmentation by Product
- Epoxy
- Polyurethane
- Acrylic
Amongst these three segments, the epoxy segment is anticipated to hold a significant share over the forecast period. Epoxy resins find extensive applications across various end-use industries, including construction, automotive, aerospace, electronics, and industrial manufacturing. The demand from these industries for epoxy-based coatings, adhesives, and composites drives the growth of the epoxy segment. The construction and infrastructure sectors are major drivers of the epoxy segment. Epoxy coatings are widely used in construction for applications such as flooring, waterproofing, and corrosion protection.
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Technological advancements in epoxy resin formulations and applications have expanded the range of potential uses and improved the performance of epoxy-based products. Innovations in epoxy-based composites, coatings, and adhesives have enhanced their properties, including durability, chemical resistance, and versatility. These advancements have opened up new market opportunities and contributed to the growth of the epoxy segment. Governments around the world are investing in infrastructure development, including transportation, energy, and public facilities. Infrastructure projects often require durable and high-performance epoxy-based coatings and adhesives for applications such as bridge maintenance, road markings, and structural bonding.
Industrial Floor Coating, Segmentation by Component
- One
- Two
- Three
Industrial Floor Coating, Segmentation by Flooring Material
- Mortar
- Terrazzo
- Concrete
Few of the well-known market leaders in the global industrial floor coating market that are profiled by Research Nester are The Dow Chemical Company, 3M Company, Astellas Pharma Inc., PPG Industries, Inc., Akzo Nobel N.V., RPM International Inc., Axalta Coating Systems, LLC, A & I Coating Ltd, The Lubrizol Corporation, and other key market players.
Recent Development in the Coating Market
- BASF has started production of its first bio-based polyol, Sovermol, in Mangalore, India. This product meets the fast-growing need for environmentally friendly goods for use in New Energy Vehicles (NEVs), wind turbines, flooring and protective industrial coatings in the Asia-Pacific region.
- Axalta Coating Systems introduced a new Paint Shop Management (PSM) system integrated with the Axalta New Generation Software (NGS) color control center system in Asia Pacific and Middle East and North Africa (MENA). The PSM module aims to help auto refinishers and body shops as an effective management tool in business performance and improvement.
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Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
Artificial Intelligence
Healthcare Analytics Market to Garner a Valuation of USD 139.34 Billion by 2030, Exhibiting 23.31% CAGR, With North America Leading the Market Due to Advanced Healthcare Infrastructure, Projects Kings Research
DUBAI, UAE, Oct. 3, 2023 /PRNewswire/ — As per the latest report published by Kings Research, the global Healthcare Analytics Market size was recorded at USD 24.45 billion in 2022 and is estimated to grow to USD 139.34 billion by 2030, exhibiting a CAGR of 23.31% over the forecast period of 2023- 2030. The healthcare industry has embraced analytics to address the challenges of inadequate patient care, rising treatment costs, and low levels of patient engagement and retention. By leveraging healthcare analytics, the industry aims to improve patient care and operational efficiency, which is fueling market expansion.
Healthcare analytics leverages extensive data collection to provide organizations with practical insights, enabling them to make informed decisions in real-time. Through analytical methodologies, these insights facilitate improved planning, management, measurement, and learning. Furthermore, healthcare institutions around the globe are prioritizing cost reduction, enhancing care team coordination, and elevating patient care. Moreover, newer market entrants are introducing innovative healthcare delivery approaches, intensifying market competition. Consequently, healthcare analytics systems primarily concentrate on big data, offering potential benefits such as cost reduction, enhanced efficiency, and better patient treatment.
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Competitive Landscape
Key participants in the global healthcare analytics market are emphasizing acquisitions as a primary approach for expanding their businesses. For instance, in June 2022, Oracle Corporation took over Cerner Corporation intending to integrate Cerner’s clinical abilities with its own expertise in enterprise platform analytics and automation.
Leading companies in the global healthcare analytics market include:
Optum, Inc.Wipro LimitedAllscripts Healthcare, LLCCerner CorporationHealth CatalystInovalonMcKesson CorporationIBMMEDEANALYTICS, INC.GENERAL ELECTRICHave an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/healthcare-analytics-market-185
Trending Now: Mayo Clinic and Google Cloud Collaborate on AI for Healthcare Data
Google Cloud and Mayo Clinic have joined forces to implement generative artificial intelligence (AI) in the field of healthcare. This collaboration aims to empower clinicians and researchers to swiftly and naturally access information, as stated in a press release dated 7th June 2023.
In the same release, Google Cloud announced that the tool to be utilized in this endeavor, the Enterprise Search in Generative AI App Builder, had become HIPAA compliant. Thomas Kurian, CEO of Google Cloud, stated, “Generative AI has the potential to revolutionize healthcare by enhancing human interactions and streamlining operations like never before. Mayo Clinic is a global leader in harnessing AI for the greater good, and they are a crucial partner in responsibly introducing this transformative technology to healthcare.”
The press release also noted that Mayo Clinic has previously collaborated with Google Cloud to implement analytics, AI, and machine learning (ML) solutions in healthcare.
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Growing Demand for Descriptive Analysis to Spur Market Development
In terms of type, the healthcare analytics market is categorized into predictive analytics, prescriptive analytics, and descriptive analytics.
The descriptive analysis segment is anticipated to dominate the market through the projected timeframe. This growth is primarily attributable to the surging demand for descriptive analysis, which relies on historical patterns to obtain data-driven insights that can enhance the healthcare system’s management, benefiting both organizations and patients.
On Premise Solutions Garner Attention for Their Superior Accessibility in Remote Zones
On the basis of the delivery model, the global healthcare analytics industry is divided into on cloud and on premise.
The on premise segment is leading the market, propelled by its superior accessibility in remote areas. Furthermore, their lower maintenance and operation costs are driving the growth of the segment.
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Rising EHR Adoption to Drive Healthcare Analytics Market Expansion
The widespread use of electronic health records (EHR) has led to a substantial increase in the availability of data for analysis in the healthcare industry. As more healthcare professionals transition from traditional paper-based systems to EHR, a huge volume of data becomes accessible. This presents a unique opportunity to obtain valuable insights and enhance patient care. Consequently, the healthcare analytics market has experienced considerable growth in recent times.
The implementation of EHR has brought about greater operational efficiency and cost savings in healthcare organizations. With the ability to access and analyze real-time data, healthcare providers can identify trends, patterns, and areas for improvement in their workflows and procedures. This not only enhances their productivity but also helps them make informed decisions for better patient care. Moreover, integrating healthcare analytics into clinical decision support systems empowers practitioners to make evidence-based decisions, ultimately leading to enhanced patient outcomes. This widespread adoption of EHR and analytics has revolutionized the healthcare industry, ushering in a more data-driven and patient-centric approach to care.
North America to Lead Market Due to Advanced Healthcare Infrastructure
North America is poised to lead the global healthcare analytics market in the upcoming years due to its advanced healthcare infrastructure, robust technology, and data integration capabilities. This facilitates informed decision-making, enhances patient outcomes, and fosters healthcare innovation. Moreover, the region’s emphasis on R&D activities attracts industry leaders, solidifying its market dominance.
For more information on the report, visit: https://www.kingsresearch.com/healthcare-analytics-market-185
Key Points from TOC:
Chapter 1 Introduction of the Global Healthcare Analytics Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
Chapter 2 Executive Summary
Chapter 3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
Chapter 4 Global Healthcare Analytics Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Healthcare Analytics Market, By Type
Chapter 7 Global Healthcare Analytics Market, By Component
Chapter 8 Global Healthcare Analytics Market, By Delivery Model
Chapter 9 Global Healthcare Analytics Market, By Application
Chapter 10 Global Healthcare Analytics Market, By End User
Chapter 11 Global Healthcare Analytics Market, By Geography
Chapter 12 North America
Chapter 13 Europe
Chapter 14 Asia Pacific
Chapter 15 Middle East & Africa
Chapter 16 Latin America
Chapter 17 Global Healthcare Analytics Market Competitive Landscape
17.1 Overview
17.2 Key Developments
17.3 Key Strategic Developments
17.4 Company Market Ranking
17.5 Regional Footprint
17.6 Industry Footprint
Chapter 18 Company Profiles
18.1 Optum, Inc.
18.1.1 Key Facts
18.1.2 Financial Overview
18.1.3 Product Benchmarking
18.1.4 Recent Developments
18.1.5 Winning Imperatives
18.1.6 Current Focus & Strategies
18.1.7 Threat from competition
18.1.8 SWOT Analysis
18.2 Wipro Limited
18.2.1 Key Facts
18.2.2 Financial Overview
18.2.3 Product Benchmarking
18.2.4 Recent Developments
18.2.5 Winning Imperatives
18.2.6 Current Focus & Strategies
18.2.7 Threat from competition
18.2.8 SWOT Analysis
18.3 Allscripts Healthcare, LLC
18.3.1 Key Facts
18.3.2 Financial Overview
18.3.3 Product Benchmarking
18.3.4 Recent Developments
18.3.5 Winning Imperatives
18.3.6 Current Focus & Strategies
18.3.7 Threat from competition
18.3.8 SWOT Analysis
18.4 Cerner Corporation
18.4.1 Key Facts
18.4.2 Financial Overview
18.4.3 Product Benchmarking
18.4.4 Recent Developments
18.4.5 Winning Imperatives
18.4.6 Current Focus & Strategies
18.4.7 Threat from competition
18.4.8 SWOT Analysis
18.5 Health Catalyst
18.5.1 Key Facts
18.5.2 Financial Overview
18.5.3 Product Benchmarking
18.5.4 Recent Developments
18.5.5 Winning Imperatives
18.5.6 Current Focus & Strategies
18.5.7 Threat from competition
18.5.8 SWOT Analysis
Browse Complete TOC: https://www.kingsresearch.com/toc/healthcare-analytics-market-185
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Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
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Artificial Intelligence
Hard Rock and Leo Messi Unveil First Ever Menu for Kids: The Hard Rock Messi Kids Menu
HOLLYWOOD, Fla., Oct. 3, 2023 /PRNewswire/ — Hard Rock International and global brand ambassador, Leo Messi, are taking their partnership to the next level by curating their first-ever Messi menu for kids, “The Hard Rock Messi Kids Menu”. The menu launches today at all participating Hard Rock Cafes and select Hard Rock Hotels worldwide. Expanding on Hard Rock International’s partnership with the world-renowned soccer sensation, “The Hard Rock Messi Kids Menu” features the Messi X Burger, the Messi Golden Chicken Sandwich and other kid-friendly options, along with a special nod to the international sports icon in the form of a complimentary mini golden soccer ball toy, a collectable poster, activity sheet and stickers with every meal.
“As a father of three, I have always had a special connection with kids,” said Leo Messi. “Now with my partners at Hard Rock, we will kick-off the new kids menu, offering families a variety of tasty meals and a fun dining experience.”
Fans can also take some of the Messi magic home with them via a new collection of Hard Rock X Messi 3.0 merchandise, for both kids and adults, including a kid-sized version of the iconic Messi Chef’s Coat and a special mini soccer ball, available at select Rock Shops. A portion of proceeds from the mini soccer balls sold at the Rock Shop will be donated to kid’s charities around the world via the Hard Rock Heals Foundation.
“We’re very excited to partner with Leo Messi on this special addition to the Hard Rock menu,” said Jim Allen, Chairman of Hard Rock International. “We know how much children and their parents alike look up to Leo and we’re proud to offer something wholesome for the whole family to enjoy while visiting our locations around the world.”
For even more fun, fans can scan a QR code to enter a 360 digital experience with Leo Messi himself. They can watch an AI-generated Messi with the Messi Chicken Sandwich or greet fans at the Hard Rock Cafe. Also available on the 360 digital experience is access to purchase the new retail options for kids and adults, a trivia game, wallpaper downloads and more.
For assets from “The Hard Rock Messi Kids Menu” launch event, please see images and b-roll here. For the full release, visit https://news.hardrock.com/.
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Artificial Intelligence
Cloud ERP Market size worth USD 168.34 Billion, Globally, by 2030 at 12.53% CAGR: Verified Market Research®
The “Global Cloud ERP Market Size By Component, By Organization Size, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Cloud ERP Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Oct. 3, 2023 /PRNewswire/ — The Global Cloud ERP Market is projected to grow at a CAGR of 12.53% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 55.40 Billion in 2022 and is expected to reach USD 168.34 Billion by the end of the forecast period.
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Browse in-depth TOC on “Cloud ERP Market”
202 – Pages
126 – Tables
37 – Figures
Global Cloud ERP Market: Transformative Growth Fueled by Digital Shift and Construction Industry Adoption
The Global Cloud ERP Market is experiencing unprecedented growth driven by the worldwide digital transformation wave and accelerated adoption within the construction industry. Cloud ERP, a robust and flexible enterprise resource planning solution accessible over the internet, has revolutionized the business landscape. This cloud-based software automates critical operational and financial functions, providing organizations with a unified source of data, order management, supply chain optimization, procurement, production, distribution, and fulfillment capabilities.
Cloud ERP Market Drivers:The market surge is powered by transformative technologies, particularly cloud-based solutions, reshaping business interactions, innovation processes, and data analytics. Cloud ERP empowers organizations to integrate cutting-edge technologies, fostering innovation and sustainable Cloud ERP Market growth. The construction industry’s swift adoption, driven by the opportunities presented during the Covid-19 pandemic, has further accelerated the market’s expansion. Construction companies are leveraging Cloud ERP to stabilize operations and recapture growth opportunities lost during the crisis.
Cloud ERP Market Outlook:The Global Cloud ERP Market is poised for substantial growth, with North America leading the charge. The region boasts a robust technology landscape and hosts a multitude of key Cloud ERP vendors. The market is set to witness continuous expansion, driven by the evolving digital business environment and the construction industry’s ongoing technological transformation efforts.
Key Players and Competitive Landscape:In the competitive landscape of the Global Cloud ERP Market, key players are deploying innovative strategies to secure their market positions. Market ranking analysis reveals the dominance of established vendors, leveraging their expertise to capture significant market shares. Continuous market share analysis highlights the dynamic nature of the industry, encouraging players to engage in key development strategies to maintain their competitive edge.
Cloud ERP stands as a cornerstone in modern business strategies, enhancing operational efficiency, fostering innovation, and offering unparalleled scalability. The market’s trajectory is marked by relentless innovation and strategic moves by key players, shaping the future of enterprise resource management.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Cloud ERP Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Cloud ERP Market into Component, Organization Size, End-User, And Geography.
Cloud ERP Market, by ComponentSolutionServicesCloud ERP Market, by Organization SizeLarge EnterprisesSmall and Medium-sized EnterprisesCloud ERP Market, by End-UserBFSIIT & TelecomHealthcareGovernment and Public SectorAerospace and DefenseRetailOthersCloud ERP Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin AmericaBrowse Related Reports:
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Top 5 Cloud Managed Services using internet to deliver applications
Visualize Cloud ERP Market using Verified Market Intelligence -:
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