Asia Pacific Industrial Concrete Flooring Market Forecast to 2030 - Regional Analysis - by Type (Overlays, Polished Concrete, Epoxy Chip Flooring, and Others), Application (Manufacturing Facility, Warehouses, and Others), and End-use Industry (Food and Be

Asia Pacific Industrial Concrete Flooring Market Forecast to 2030 - Regional Analysis - by Type (Overlays, Polished Concrete, Epoxy Chip Flooring, and Others), Application (Manufacturing Facility, Warehouses, and Others), and End-use Industry (Food and Beverages, Chemicals, Healthcare, Transportation, and Others)

The Asia Pacific industrial concrete flooring market was valued at US$ 15,273.42 million in 2022 and is expected to reach US$ 24,193.23 million by 2030; it is estimated to register a CAGR of 5.9% from 2022 to 2030.

Booming E-Commerce Sector Boosts Asia Pacific Industrial Concrete Flooring Market

The e-commerce sector is booming in different countries across the globe. The growth in the e-commerce sector is driven by different factors, such as increasing internet penetration, shifting consumer preferences, growing smartphone usage, and changing lifestyles. Online shopping is becoming a more viable and convenient option as more and more people across the globe are gaining access to the internet. Consumers highly prefer online shopping due to the comprehensive selection of products, along with competitive pricing and secured online payments; it also provides added convenience and better offers and discounts over physical retail stores. In addition, a busy lifestyle makes online shopping a time-saving and convenient option for many consumers. The exponential growth of e-commerce is becoming a driving force for reshaping the logistics sector worldwide. The unprecedented growth of the e-commerce sector has generated an insatiable demand for efficient logistics services. Efficient and timely delivery has become highly important to customer satisfaction, prompting logistics companies to invest in advanced technologies and infrastructure. With this, warehouses and distribution centers have emerged as responses to the evolving needs of the e-commerce supply chain. The increasing need for warehousing, distribution centers, and storage spaces due to the surge in online purchases has led to substantial investments in new distribution centers and warehouses.

Concrete flooring is highly used for warehouses and distribution centers. Warehouses and distribution centers are busy places. With forklifts and other heavy machinery and equipment zipping around, the flooring for warehouses needs to be sturdy and highly durable and withstand such strain with minimal maintenance. Hence, concrete floors are the optimum solution for warehouse flooring installation. Therefore, the booming e-commerce sector in various countries across the globe is resulting in substantial investments in new distribution centers and warehouses. This is anticipated to provide lucrative opportunities for the industrial concrete flooring market growth.

Asia Pacific Industrial Concrete Flooring Market Overview

The market in Asia Pacific is driven by the accelerating automotive, marine, aerospace, food and beverages, and healthcare industries. Asia Pacific is known to be a huge and influential market in the food and beverage industry and is estimated to become the largest consumer of food and beverages globally by 2030. Product innovation, the increased penetration of modern retailing, and rapid urbanization are a few of the factors that have led to the growth of the food and beverage industry across the region. The region has a large manufacturing base for food and beverages, which leads to an increasing adoption rate of industrial concrete flooring in processing plants. Asia Pacific is also a hub for automotive manufacturing due to a large presence of international and domestic players operating in the region. According to a report published by the China Passenger Car Association, in 2022, Tesla Inc delivered 83,135 made-in-China electric vehicles, indicating growth in sales of electric vehicles compared to 2021. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Oceania's vehicle production increased from 46.8 million in 2021 to 50 million in 2022. The automotive sector's growth further propels the utilization of industrial concrete flooring in automotive production plants.

In addition, as the maritime trade and transportation sectors expand, there is an increasing need for ship construction and maintenance, stimulating the demand for industrial concrete flooring. China, Japan, and South Korea are leading countries in the shipbuilding sector. According to the States Council of the People's Republic of China, the shipbuilding output of China was 9.61 million deadweight tons (dwt) in 2022, i.e., up by 2.8 percentage points year-on-year, accounting for 46.2% of the global total. Large-scale ship manufacturing and maintenance facilities require concrete flooring to obtain durability and resistance to wear and tear.

Asia Pacific Industrial Concrete Flooring Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Industrial Concrete Flooring Market Segmentation

The Asia Pacific industrial concrete flooring market is categorized into type, application, end-use industry, and country.

Based on type, the Asia Pacific industrial concrete flooring market is segmented into overlays, polished concrete, epoxy chip flooring, and others. The epoxy chip flooring segment held the largest market share in 2022.

Based on application, the Asia Pacific industrial concrete flooring market is segmented into manufacturing facility, warehouses, and others. The manufacturing facility segment held the largest market share in 2022.

Based on end-use industry, the Asia Pacific industrial concrete flooring market is segmented into food and beverages, chemicals, healthcare, transportation, and others. The food and beverages segment held the largest market share in 2022.

By country, the Asia Pacific industrial concrete flooring market is segmented into Australia, China, India, Japan, South Korea, Vietnam, and the Rest of Asia Pacific. China dominated the Asia Pacific industrial concrete flooring market share in 2022.

Becosan UK Ltd, Concretech One, Primekss SIA, RCR Industrial Flooring SLU, Sika AG, Sintokogio Ltd, Twintec Group Ltd, and UltraTech Cement Ltd are some of the leading companies operating in the Asia Pacific industrial concrete flooring market.

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