Press release
Industrial Flooring Market to Observe Strong Development by 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 witness significant growth over the forecast period owing to rising need for improved working conditions at manufacturing plants and industrial facilities. Industrial flooring provides anti-fatigue properties that help reduce workplace injuries among workers. Moreover, industrial flooring offers ease of cleaning and maintenance, thereby helping minimize production downtime for cleaning and disinfecting purposes. The rising industrialization levels along with growing focus on workplace safety are some of the major factors expected to drive the demand for industrial flooring solutions over the coming years. Additionally, expansion of warehousing and logistics sectors globally is also projected to contribute to the market growth during the forecast period.
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Industrial Flooring Market-Infrastructure Growth in Developing Nations Presents Lucrative Opportunities
Developing economies in Asia Pacific and Latin America regions such as China, India, Indonesia, Brazil etc. are witnessing significant investments in infrastructure expansion projects including construction of new industrial facilities, manufacturing zones, special economic zones, logistics parks and urban infrastructure developments. This widespread infrastructure growth offers huge untapped market potential for industrial flooring providers. With continuous infrastructure projects rolling out over the coming years, there will be a sustained demand for industrial flooring from various end-use sectors. Manufacturers can gain a first-mover's advantage and establish strong foothold in emerging infrastructure hotspots. Additionally, the incentives offered by governments in developing countries to boost domestic manufacturing also creates a favorable market environment.
Industrial Flooring Market-Sustainable and Green Flooring is the Emerging Trend in the Market
In the recent past, sustainability and green attributes have gained paramount importance across industrial sectors. Industrial flooring providers are witnessing growing preference for eco-friendly flooring materials that cause minimal impact on the environment. Some of the sustainable trends gaining traction include utilization of recycled content, bio-based resins, water-based coatings and natural ingredients. Additionally, industrial operators are keen on opting for flooring solutions that contribute to achieving their sustainability and energy-efficiency targets. This has accelerated the R&D efforts of manufacturers towards developing innovative green flooring options using advanced materials, low VOC content and durable coatings. Sustainable industrial flooring will be a major trendsetting force significantly influencing the product development strategies in the coming decade.
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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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