The global industrial flooring market size was valued at $6,299.4 million in 2019, and is projected to reach $8,303.1 million by 2027, registering a CAGR of 5.3% from 2020 to 2027. 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 are more resistant to damage and have longer product lives compared to conventional flooring solutions. The industrial flooring unlike conventional flooring are subjected to conditions such as heat, corrosion, vibration, and others.
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.
The industrial flooring market 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 is analyzed across North America, Europe Asia-Pacific, and LAMEA.
COMPETITION ANALYSIS
Key companies profiled in the report include 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 market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
? Extensive analysis of the industrial flooring market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global industrial flooring market forecast analysis from 2020 to 2027 is included in the report.
? The key market players within industrial flooring market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the industrial flooring industry.
GLOBAL INDUSTRIAL FLOORING MARKET SEGMENTS
BY THICKNESS
- Light Duty
- Medium Duty
- Heavy Duty
BY MATERIAL
- Epoxy
- Polyaspartic
- Polyurethane
- Anhydrite
- Others
BY END-USER INDUSTRY
- Chemical
- Food & Beverages
- Healthcare
- Transportation & Aviation
- Others
BY REGION
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o UK
o France
o Russia
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa
KEY PLAYERS
- 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
- VIACOR Polymer GmbH
