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).
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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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL FLOORING MARKET, BY THICKNESS
CHAPTER 5: INDUSTRIAL FLOORING MARKET, BY MATERIAL TYPE
CHAPTER 6: INDUSTRIAL FLOORING MARKET, BY END USER INDUSTRY
CHAPTER 7: INDUSTRIAL FLOORING MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Industrial Flooring Market," the industrial flooring market size was valued at $7.9 billion in 2021, and is estimated to reach $13.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031. Any layer of finish material laid over a floor structure to give permanent covering is referred to as floor covering. Epoxy, polyaspartic, polyurethane, anhydrite, and others. are all common flooring materials. The market is expected to develop due to rise in demand for industrial flooring materials in the growing industrial sector. Furthermore, the flooring business is predicted to benefit from the rise in demand for hard flooring, which has appealing qualities such as being more usable, easier to use, and are installed in remodeling and restoration of industrial and commercial projects. In addition, the rise in government investments in the approaching construction and manufacturing sector expansion is expected to boost the flooring industry during the forecast period.Various government are taking initiatives to enhance the living standard of citizen. For instance, the Government of Canada launched a $30 million rebate scheme in June 2020, which is expected to assist to save a considerable amount of money on building industries and manufacturing projects. Hence, this investment is expected to provide lucrative growth in the industrial flooring market. Hence, these investments are expected to provide significant growth in industrial flooring market.
Asia-Pacific accounting major industrial flooring market share of the global market has dominated the global industrial flooring market in terms of revenue in 2021 owing expansion of and commercial sectors. However, Asia Pacific is expected to register highest CAGR during the industrial flooring market forecast period. This is due to increase in R&D investments in developing countries and rise in government investments day-by-day in new industrial construction and manufacturing factories.
However, during the COVID-19 pandemic, various manufacturers in the industrial flooring market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of industrial flooring companies. In addition, lack of manpower and raw materials also constricted supply of equipment of industrial flooring, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of industrial flooring industry.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global industrial flooring market trends and dynamics.
- Depending on material type, the epoxy tiles has dominated the industrial flooring market growth, in terms of revenue in 2021 and others segment is projected to grow at a significant CAGR during the forecast period.
- By thickness, the heavy duty segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global industrial flooring market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the service robotics industry.
- The report provides an extensive industrial flooring market analysis of the current trends and emerging opportunities of the market.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | June 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 7924.1 million |
| Forecasted Market Value ( USD | $ 13454 million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
