Press release
Industrial Flooring Market Shaping Ahead to Long Term Value 2024 - 2031 | BASF SE, Sika AG, RPM International Inc.
Industrial Flooring Market
Global industrial flooring market is estimated to be valued at USD 9.51 Bn in 2024 and is expected to reach USD 13.84 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Market Dynamics:
The industrial flooring market is expected to grow at a significant rate owing to high demand from manufacturing industries and rapid industrialization. The industrial sector accounts for a major share of GDP in emerging economies and is growing rapidly. This is increasing the need for robust and durable flooring solutions that can withstand heavy loads and chemicals spillage. Moreover, stringent regulations regarding workplace safety are compelling industrial operators to adopt slip-resistant and anti-fatigue flooring. This is further propelling the demand in the global market.
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Growing Construction and Infrastructure Development Industry is Driving Demand for Industrial Flooring
The construction and infrastructure development industry has seen significant growth over the past few years globally. Many countries are undertaking large infrastructure projects such as roads, railways, airports, seaports etc. to boost economic development. This has generated huge demand for concrete, cement and other construction materials. Industrial flooring finds widespread application in commercial and industrial construction projects where durability, easy cleaning and maintenance are key requirements. The growing non-residential construction sector is a major consumer of industrial flooring. Moreover, industrial plants require specialized flooring that can withstand heavy machinery, spills, dust etc. thus driving sales.
Rise of Green Building Concept Presents Opportunity for Sustainable Industrial Flooring Options
With sustainability gaining prominence, the green building movement is thriving globally. Both private and public sectors are increasingly focusing on green building designs and products to reduce environmental footprint of construction projects. This presents a sizable opportunity for industrial flooring manufacturers to offer more eco-friendly and sustainable flooring solutions. Products manufactured using recycled content, rapidly renewable materials and low VOC levels are likely to witness higher demand. Standards like Leadership in Energy and Environmental Design (LEED) certification are also promoting greener flooring materials. Industrial facilities aspiring for sustainability certifications also prefer sustainable flooring options.
Growing Popularity of Polyaspartic Polyurea Coatings Trend in Industrial Flooring Market
Polyaspartic polyurea coatings have been gaining immense popularity as an industrial flooring material nowadays. Compared to traditional epoxy coatings, polyaspartic polyurea coatings cure much faster often within hours rather than days. Their fast cure time results in less downtime and early return to service. These coatings also exhibit superior mechanical and chemical resistance making them highly durable for industrial usage. They are aesthetically attractive and available in wide range of colors and textures. Their eco-friendly water-based formulations and low VOC emissions are additional advantages driving customers. Polyaspartic polyurea coats are increasingly dominating the high performance industrial flooring segment.
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Top Companies Featured in This Report:
★ 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
★ Flowcrete
★ Tripolarcon Pvt Ltd.
★ Wonderfloor
★ Chemoxy Flooring
★ Sterile Tech
★ Lanexis
Market Segmentation:
By Product Type:
★ By Product Type: Light duty (
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