Industrial Flooring Market Size, Growth Statistics, Share, Key Players, and Forecast 2031 | Twintec Group Limited, Sika AG, RPM International Inc.

The global industrial flooring market size was US$ 7.9 billion in 2021. The global industrial flooring market size is estimated to reach US$ 12.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2022 to 2030.

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Industrial flooring is commonly used to improve the aesthetic appeal of a floor by offering a combination of bespoke designs as well as enhancing the texture and color. They are simple to maintain, long-lasting, antibacterial, and resistant to a variety of environmental variables.
It has waterproof and slip-resistant properties, making it ideal for use in tough industrial conditions. They are mostly seen in commercial settings such as workplaces, fitness facilities, manufacturing plants, and hotels.

Factors Affecting Marketing Growth

Growing demand from the food and beverage industry for industrial flooring to reduce corrosion of concrete during the manufacturing process is likely to drive the global industrial flooring market.
With the implementation of more rules and regulations related to workplace safety and hygiene, the global market for industrial flooring is expected to grow rapidly.
Continuous product innovation by manufacturers in industrial material products is anticipated to be a major trend in the industry, driving the growth of the global industrial flooring market.
In the flooring business, resin allows easier application and better aesthetic and functional performance. Such factors are expected to drive the growth of the global market.

Impact on COVID-19 Analysis

COVID-19 causes an enormous impact on the lives of people and the overall community. It started as a human health condition and has now become a significant threat to global trade, economy, and finance. It stopped the production of many products in the industrial flooring market due to the lockdown. This has caused industrial flooring companies to reopen at their full capacity which is anticipated to help the global market recover by mid-2022. As COVID-19 infection cases begin to decline, equipment and machinery manufacturers must focus on protecting their employees, operations, and supply networks to respond to immediate emergencies and establish new methods.

Regional Analysis

Asia Pacific was the largest revenue-generating region in 2021. Continuous exploration of new solutions and the rapid rate of industrialization in many parts of the region drive the global market. Special economic zones have seen a substantial increase in the demand for commercial facilities such as transportation, warehouses, and growing industrial activities. New concrete reinforcement and laying processes are growing the number of possibilities in the industrial flooring sector. The process of selection aids in enhancing performance characteristics such as strength and flexibility which propel the growth of the global market in the region.

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Leading Competitors

The prominent players in the global industrial flooring market are:
Twintec Group Limited
Sika AG
RPM International Inc.
MAPEI S.p.A
Fosroc Inc.
Don Construction Products Ltd.
Cornerstone Flooring
Cipy Polyurethanes Pvt. Ltd.
BASF SE
VIACOR Polymer GmbH
Others

Segmentation Analysis

The global industrial flooring market segmentation focus on the End User industry, Thickness, Material Type, and Region.

Segmentation on the basis of End User Industry

Transportation and Aviation
Healthcare
Food and Beverages
Chemical
Others

Segmentation on the basis of Thickness

Heavy Duty
Medium Duty
Light duty

Segmentation on the basis of Material type

Anhydrite
Polyurethane
Polyaspartic
Epoxy
Others

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Segmentation on the basis of Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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