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Industrial Flooring Market 2024 - By Size, Share, Trends And Growth Prospects 2033
Industrial Flooring Market
As per the report, the industrial flooring market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The industrial flooring market size is expected to see strong growth in the next few years. It will grow to $9.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
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Rising Demand From Food And Beverage Industries Boosts Industrial Flooring Market
The increase in demand from the food and beverage sectors is expected to propel the growth of the industrial flooring market going forward. 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. For instance, in 2021, according to Farm Credit Canada, a Canada-based financial services company, the food manufacturing sector's revenue increased to $125 billion by 14.8% YoY. Therefore, the increasing demand from the food and beverage sectors will drive the growth of the industrial flooring market.
Product Innovations Transforming The Industrial Flooring Market
Product innovations are the key trends gaining popularity in the industrial flooring market. Major companies operating in the industrial flooring market are focused on developing innovative solutions to strengthen their position. For instance, in September 2021, Topciment, a Spain-based microcement products manufacturing company launched Industtrial, an epoxy micro concrete designed for the industrial flooring market. This product combines the durability of epoxy systems with the decorative qualities of micro concretes, resulting in a new solution. Industtrial, part of Topciment's high-quality micro concrete range, offers superior hardness, mechanical strength, and impermeability. It is available in a range of granulometries and 16 attractive colors, making it ideal for interior floors and walls in high-traffic areas. This epoxy coating is particularly well-suited for industrial warehouses, garages, gallery floors, and retail spaces, and it exhibits remarkable resistance to various chemical agents.
The industrial flooring market covered in this report is segmented -
1) By Material Type: Epoxy, Polyaspartic, Polyurethane, Acrylic, Other Material Types
2) By Thickness: Light Duty, Medium Duty, Heavy Duty
3) By End-User Industry: Food And Beverage, Chemical, Transportation And Aviation, Healthcare, Other End-User Industries
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Major companies operating in the industrial flooring market include BASF SE, Cornerstone Flooring, Fosroc Inc., Sika AG, PPG Industries, The Sherwin-Williams Company, Master Builders Solutions Group, Summit Industrial Flooring, Premier Industrial Flooring, Armstrong Flooring Inc., RCR Industrial Flooring, Cipy Polyurethanes Pvt. Ltd., Don Construction Products Ltd., RPM International Inc., Akzo Nobel N.V., MBCC Group, Twintec Group Limited, VIACOR Polymer GmbH, The Bonie Group, Flowcrete Group Ltd., Elgood Industrial Flooring, 3M Company, Resdev Ltd., IFI Floorings Ltd., SSC Industrial Flooring Ltd., Veitchi Group, THE IRL GROUP, Stonhard, Dur-A-Flex Inc., Key Resin Company, Tennant Company, Florock Polymer Flooring Systems, Elite Crete Systems
Contents of the report:
1. Executive Summary
2. Industrial Flooring Market Report Structure
3. Industrial Flooring Market Trends And Strategies
4. Industrial Flooring Market - Macro Economic Scenario
5. Industrial Flooring Market Size And Growth
…..
27. Industrial Flooring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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