Industrial Flooring Market By Thickness (Light duty, Medium Duty, Heavy Duty), By Material Type (Epoxy, Polyaspartic, Polyurethane, Anhydrite, Others), By End User Industry (Chemical, Food and Beverages, Healthcare, Transportation and Aviation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The industrial flooring market size was valued at $7,924.1 million in 2021, and is projected to reach $13,454.0 million by 2031, registering a CAGR of 5.4% from 2022 to 2031.
Industrial flooring is one of the crucial steps for construction of industrial infrastructure as it can improve durability, visual appeal, design, and aesthetics of buildings. In addition, the industrial flooring is more resistant to damage and have longer product lives compared to conventional flooring solutions. The industrial flooring unlike conventional flooring is subjected to conditions such as heat, corrosion, vibration, and others. In addition, the fast growth of the population, combined with the construction of new business centers, such as offices, factories, warehouses, sports complexes, hospitality, and healthcare, has prompted the deployment of compact and efficient decor system.
Factors such as increase in industrialization around the globe, rise in necessity for industrial flooring in industrial facilities, and growth in food & beverage, chemicals, and manufacturing industries drives the market growth. However, the fluctuations in price of raw material and lack of skilled manpower and awareness for selection of material hampers the market growth. Furthermore, increase in FDI inflows and favorable government policies offers lucrative growth opportunities for the market players during the forecast period. Moreover, the rising expenditure by governments and private construction companies in building sports complexes and arenas has led to the development of numerous sports facilities in urban as well as suburban areas, in addition to routine replacement and repair work. As a result of the increase in population, these expenditures in the building sector are expected to enhance the use of indoor flooring, resulting in market growth.
The industrial flooring market growth is segmented on the basis of thickness, material, end user industry, and region. Based on thickness, the market is segmented into light duty, medium duty, and heavy duty. The material type segment is classified into epoxy, polyaspartic, polyurethane, anhydrite, and others. By end user industry, it is segmented into chemical, food & beverages, healthcare, transportation & aviation, and others. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players that operating in the Industrial Flooring Market are BASF SE, Cipy Polyurethanes Pvt. Ltd., Cornerstone Flooring, Don Construction Products Ltd., Fosroc, Inc., MAPEI S.p.A., RPM International Inc., Sika AG, Twintec Group Limited, and VIACOR Polymer GmbH.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging industrial flooring market trends and dynamics.
In-depth industrial flooring market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of the industrial flooring market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing industrial flooring market opportunity.
The industrial flooring market forecast analysis from 2022 to 2031 is included in the report.
Key Market Segments
By End User Industry
Chemical
Food and Beverages
Healthcare
Transportation and Aviation
Others
By Thickness
Light duty
Medium Duty
Heavy Duty
By Material Type
Epoxy
Polyaspartic
Polyurethane
Anhydrite
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
U.K.
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
VIACOR Polymer GmbH
BASF SE
Cipy Polyurethanes Pvt. Ltd.
Cornerstone Flooring
Don Construction Products Ltd.
Fosroc, Inc.
MAPEI S.p.A
RPM International Inc.
Sika AG
Twintec Group Limited
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