Press release
Industrial Flooring Market Improvement, Orientation and Forecast 2030|Key Players- BASF SE, Sika AG & more
Industrial Flooring Market SWOT Analysis and Forecast to 2030
The 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.
Industrial flooring solutions are used for applications such as factories, warehouses, and other special industrial areas. Industrial flooring systems provide features such as dustproof, slip resistance, high wear-resistance, and cost-effectiveness. Industrial flooring offers enhanced safety measures with its unique designs that improve traction and prevent accidents.
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Industrial Flooring Market Segmented By Epoxy, Polyaspartic, Polyurethane, Concrete, Anhydrite, Methyl Methacrylate Material with Light, Medium and Heavy Duty product type.
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 and more
Many manufacturers are developing products specifically designed for different industries' requirements. Each type of flooring has unique characteristics to suit specific production needs. Polyurethane concrete screed (PUCS) is one of the most popular industrial flooring solutions due to its benefits, such as resistance against chemical spills, dirt, high traffic, and easy maintenance. Industrial epoxy coatings offer excellent abrasion and impact resistance, making them an ideal choice for areas with heavy machines or equipment. Industrial polyurethane floors are ideal for applications that require more flexibility and enhanced protection from heat and chemicals.
The Industrial Flooring Market is expected to grow at a steady pace over the forecast period due to increasing demand in various industries such as automotive, aerospace, food processing, pharmaceuticals, and others. The rising trend of green manufacturing practices is also driving the market growth. Industrial flooring provides hygienic surfaces for production facilities that improve product safety along with enhancing productivity. Moreover, the introduction of innovative products such as antimicrobial flooring is expected to drive the Industrial Flooring Market in the coming years.
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In addition, manufacturers are also investing in research and development activities to introduce new industrial flooring solutions with improved performance properties. Such trends are likely to create lucrative opportunities for players in the Industrial Flooring Market over the forecast period.
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.
Industrial Flooring Market: Conclusion
Demand for industrial flooring is projected to grow steadily, with major growth concentrated in sectors such as automotive, food, and chemicals. Pharmaceutical and bio-technology industries can open new opportunity avenues for the industrial flooring market.
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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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