Low level of product awareness is a major barrier in the global industrial flooring market

Food & Beverage industry to show continued demand for industrial floorings during the next eight years

The food & beverage industry has shown substantial growth in countries as diverse as Germany, U.K, U.S. and even emerging economies such as China and India. During the manufacturing process of food and beverage products, acidic material such as citric acid can damage the floor and also degrade the concrete over an extended period of time. This could certainly increase the chances of an accident leading to loss of life or limb. Apart from this, companies in the food & beverage industry such as Heinz, Heineken and PepsiCo are focusing on the use of particular flooring material types such as antimicrobial polyurethane or resin based flooring. These flooring materials are able to resist extreme variations in temperature along with chemicals and are also easily washable and dry quickly post wash.

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In addition to this, a number of regulations have been laid down by different government bodies such as USDA, FDA, and EU with regards to maintaining the hygiene and safety standards in the workplace, mainly to avoid contaminating food. Materials such as polyurethane and epoxy comply with all the requirements of the regulatory authorities along with those stipulated by the food & beverage industry. Thus, the food & beverage industry will continue to remain one of the main end users in the industrial flooring market.

Food & Beverage segment to register the highest value and volume CAGR among all application segments

The Food & Beverage application segment of the global industrial flooring market is anticipated to present an incremental dollar opportunity of almost US$ 1 Bn between the period 2016 and 2024. The Food & Beverage segment is predicted to expand at a CAGR of 5% in terms of value over the forecast period, making it worth nearly US$ 3.1 Bn by the end of 2024, from just over US$ 2 Bn in 2016. Strict regulations in both developed and developing regions of the world concerning the processing of food products as well as industrial safety measures will ensure the continued demand for industrial flooring.

Workplace hygiene and safety regulations in the food & beverage industry are key drivers for segmental revenue growth

Industrial flooring necessitates improved hygiene, prevention of hazardous emissions, worker safety and floor surface durability from both mechanical as well as dynamic thermal stress. As per the U.S. Department of Labor, almost half of all workplace fatalities can be attributed to simple slips or falls. The industrial flooring market will help substantially in minimizing the accident rate as it provides anti-slip flooring material. According to E.U. regulations 852/2004, 853/2004 and 854/2004, the food industry floor surface has to be clean, properly disinfected and the floor material should be non-absorbent, easy to wash and made of non-toxic materials to maintain a high standard of hygiene and safety. As per the U.S Food and Drug Administration, all the manufacturing standards concerned with safety and hygiene have been given to food & beverage manufacturers.

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Low level of product awareness is a major barrier in the global industrial flooring market

One of the major factors hampering the growth of the global industrial flooring market is the lack of awareness with regards to the material selection, thickness range and the lack of skilled labor for application in specific use cases in the global industrial flooring market. For e.g., if a wrong material is chosen for a specific flooring operation or if the flooring thickness is kept below 1mm for the purpose of heavy duty operations, it is almost certain that the flooring will get damaged in due course.

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