Industrial Flooring Market 2021 Industry Perspective with Top Key Players | Cornerstone Flooring, APPLIED FLOORING, MarvelVinyls, Stonhard, and Twintec Group Limited, among others

The “Industrial Flooring Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The global industrial flooring market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Industrial Flooring market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Industrial Flooring Market: Cornerstone Flooring, APPLIED FLOORING, MarvelVinyls, Stonhard, and Twintec Group Limited, among others.

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Key Market Trends

Increasing Demand from Food and Beverage Industry

- In the food and beverage industry, industrial flooring has a vital role as these spaces have to maintained hygienic from spills, meeting the highest hygienic standards and withstanding extreme thermal, mechanical, and chemical impact and others.

- A combination of chemical resistance, durability, and antistatic features comprising flooring representing a safe working environment are used in the food & beverage industry. The antistatic properties of the flooring system protects electrostatic-sensitive devices and can be used in explosion hazard areas.

- The Global Food Safety Initiative (GFSI), the Food Standards Agency (FSA) and the European Food Safety Authority (EFSA) has issued stipulations to ensure food factories maintain the highest standards of handling and production. Many of these flooring used in this industry helps maintain non-slip resin nature and are antimicrobial and comply with strict hygiene and safety standards.

- In Japan, The food and beverage industry is expected to reach USD 22,200 million by 2023. This growth is attributed to the increase in demand for packaged food and beverages, coupled with increasing consumers affordability. This expected growth in the food and beverage industry is expected to positively influence the demand for industrial flooring.

- Rapidly increasing population in developing countries like China, India and few other countries are consuming products, such as food, beverages at a rapid pace. This is increasing demand for the establishment of new industries to cater the needs of the growing population thereby creating scope for the application of industrial flooring sin the newly established industries.

- The flooring for food & beverages are designed in a way resistant for steam and hot water wash-downs, resistant to cleaning chemicals and impervious to animal fats, even under heavy-use conditions. This application of industrial flooring is reducing the maintenance cost due to sticky stains and others in the industry.

- The food processing industry is expected to expand at a lucrative rate in the Chinese market. In 2019, the country had more than 35,000 processing and manufacturing plants that churned out food products for the countrys residents. Additionally, the beverage manufacturing industry in the country generated a profit of 25.2% within the first five months, in 2019, and the revenue was RMB 674.9 billion (~USD 9537 billion), This substantial establishment of new plants and growth in the industry is expected to drive the market for industrial flooring.

- In United States, the food & beverages industry created a market valued USD 10,740 in 2019 and is expected to reach USD 15,779 million in 2020 depicting a huge growth in the industry. This in indirectly driving the market for industrial flooring.

- However, due to the outbreak of covid-19, food & beverage industry also has also a slight hit except for the sale of essential products which in turn has a moderate affect on the market studied and is expected to continue till the end of 2020.

- All the aforementioned factors depict a positive outlook on the use of industrial flooring in the food & beverage industry.

For a comprehensive understanding of market dynamics, the global Industrial Flooring market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Industrial Flooring market report:

-Comprehensive assessment of all opportunities and risks in the Industrial Flooring market.

–Industrial Flooring market recent innovations and major events.

-Detailed study of business strategies for growth of the Industrial Flooring market-leading players.

-Conclusive study about the growth plot of Industrial Flooring market for forthcoming years.

-In-depth understanding of Industrial Flooring market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Industrial Flooring market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Industrial Flooring Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

We also offer customization on reports based on specific client requirement:

1- Free country level analysis for any 5 countries of your choice.
2- Free competitive analysis of any 5 key market players.
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