Press release
Industrial Flooring Market is expected to surpass revenues to be valued around US$ 12.4 Bn by 2030
Industrial Flooring Market 2022The global industrial flooring market is anticipated to expand at a CAGR of over 4% during the forecast period of 2020-2030, to be valued around US$ 12.4 Bn by 2030; COVID-19 Impact on End-use Industries to Affect Demand in Near Term
Epoxy type industrial flooring holds a prominent share in the industrial flooring market, owing to its low cost, physical & chemical properties, and wide range of application. Demand for this type of flooring is projected to be high across the world throughout the forecast period.
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Market Landscape Continues to Remain Highly Fragmented
The global industrial flooring market is highly fragmented at global and regional levels. Top tier international manufacturers account for less than one-fifth of the global industrial flooring market share.
Some of the leading players included in the report are BASF SE, Sika AG, RPM International Inc., Mapei Group, Forsoc International Limited, Don Construction Products Limited, Cipy Polyurethanes Pvt. Ltd., Viacor Polymer GmBH, Twintec, Acrylicon, Cornerstone Flooring, Applied Flooring, and others. Manufacturers are focusing on new product development and material innovation to stay ahead of their competitors.
Key Companies-
• BASF SE
• Sika AG
• RPM International Inc.
• Mapei U.K. Ltd.
• Fosroc
• Don Construction Products Ltd.
• Cipy Polyurethanes Pvt Ltd.
• Viacor Polymer GmBH
• Twintec
• Acrylicon
• Cornerstone Flooring
• Applied Flooring
• AVCON Technics Pvt. Ltd.
• 4m Europe
• East Coast Flooring Ltd.
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Key Takeaways from Industrial Flooring Market Study
• Regulatory requirements that mandate flooring standards for particular types of industrial facilities are key factors stimulating demand in the industrial flooring market.
• The food & beverages sector accounted for a prominent share in the industrial flooring market in terms of demand, along with the automotive & chemical sectors.
• Medium-duty industrial flooring is expected to gain traction over the forecast period with the highest share and growth rate. This floor type is increasingly being preferred over low thickness offerings of light-duty industrial flooring.
• Epoxy material accounts for more than two-third of the total market, and is projected to maintain its dominance over the forecast period with a high growth rate.
• Europe holds a prominent share in terms of consumption of industrial flooring, followed by North America and East Asia.
• Factors such as excellent surface strength, improved adhesion, and high performance chemical resistance are driving the industrial flooring market size to a great extent.
• The COVID-19 pandemic will have an adverse effect on the progress of the industrial flooring market in the short term.
"Rapid industrialization and urbanization in East Asia is expected to bolster demand for industrial flooring in the region. Moreover, steady shift of automotive production from Europe to East Asia is further expected to push demand in the coming decade," says a PMR analyst.
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Key Questions Answered in Industrial Flooring Market Report -
• Who are the Major Manufacturers and Suppliers of Industrial Flooring?
• What will the Industrial Flooring Market growth rate in Future?
• What are the key factors driving the global Industrial Flooring Market?
• Who are the key manufacturers in Industrial Flooring Market space?
• What are the opportunities and threats faced by the vendors in the global Industrial Flooring industry?
• What are sales, revenue, and price analysis by regions of Industrial Flooring industry?
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