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Industrial Flooring Market Trends, Top Companies, Share, Growth And Forecast 2032
Industrial Flooring Market
The Business Research Company's Industrial Flooring Global Market Report 2023 identifies increase in demand from the food and beverage sectors as the major driver for the industrial flooring market's growth in the forecast period.The food and beverage sector involves the processing of foods as well as beverages' packaging and distribution. The food and beverage industries require industrial flooring to meet the safety and cleanliness standards for manufacturing food and beverages.
The global industrial flooring market size grew from $6.74 billion in 2022 to $7.12 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The industrial flooring market size is expected to grow to $8.53 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the industrial flooring market are BASF SE, Cornerstone Flooring, Fosroc Inc., Sika AG, PPG Industries, The Sherwin-Williams Company, Master Builder Solutions Group, Summit Industrial Flooring.
A key trend in the industrial flooring market includes product innovations. Major companies operating in the industrial flooring market are focused on developing innovative solutions to strengthen their position. For instance, in May 2020, AkzoNobel N.V., a Netherlands-based company that operates in industrial flooring solutions, launched the microbial resistant "Interpon D1000 & D2000" range of powder coatings based on "BioCote" antimicrobial technology that protects against microorganisms such as bacteria and mold, which will cause bad odors and material degradation. Integrated antimicrobial coating technology will reduce 99.9% of microorganisms to avoid cross contamination and keep the surface clean for a long time. This innovative product has been useful on surfaces in hospitals and clinics where maintenance of cleanliness and hygiene is mandatory to avoid contamination.
Read More On The Global Industrial Flooring Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-flooring-global-market-report
The industrial flooring market is segmented -
• By Material Type: Epoxy, Polyaspartic, Polyurethane, Acrylic, Other Material Types
• By Thickness: Light Duty, Medium Duty, Heavy Duty
• By End-User Industry: Food And Beverage, Chemical, Transportation And Aviation, Healthcare, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial flooring market.
The Business Research Company's "Global Industrial Flooring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Flooring Market Include:
1. Executive Summary
2. Industrial Flooring Market Characteristics
3. Industrial Flooring Market Trends And Strategies
4. Industrial Flooring Market - Macro Economic Scenario
5. Industrial Flooring Market Size And Growth
……
26. Africa Industrial Flooring Market
27. Industrial Flooring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Flooring Market
29. Industrial Flooring Market Future Outlook and Potential Analysis
30. Appendix
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