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Industrial Flooring Market: Accelerated CAGR of 5.7% & 7.1%, Driven By Industrial Expansion and Sustainability Trends
Industrial Flooring Market
What Is The Projected Market Size Of The Global Industrial Flooring Market And Its Growth Rate?
The global industrial flooring market has been demonstrating a strong growth pattern in recent years, with compelling statistics:
• The market is expected to grow from $7.48 billion in 2024 to $7.91 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%.
• A prominent market surge will continue to witness in the next years, reaching $10.41 billion in 2029 at a CAGR of 7.1%.
What Is Driving The Growth In The Industrial Flooring Market?
The exponential rise in demand from food and beverage sectors is the primary factor driving the industrial flooring market's growth. These sectors demand industrial flooring to meet safety and cleanliness standards for food and beverages manufacturing. A report shared by Common Thread Collective in April 2022 projected that global food and beverage sales, which were $506 billion in 2022, are expected to reach $857 billion by 2025. Hence, the surging demand from these sectors confirms a promising growth trajectory for the industrial flooring market.
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Who Are the Key Players Driving Industrial Flooring Market Growth?
The industrial flooring market's robust growth can be largely attributed to the active involvement of the following key players:
• BASF SE
• Cornerstone Flooring
• Fosroc Inc.
• Sika AG
• PPG Industries
• The Sherwin-Williams Company
• Master Builders Solutions Group
• Summit Industrial Flooring
• Premier Industrial Flooring
• RCR Industrial Flooring
What Are The Key Trends In The Industrial Flooring Market?
The key trends identified in the industrial flooring market are:
• Epoxy resin flooring
• Polished concrete flooring
• Anti-static and ESD flooring
• Fast-curing flooring systems
• Smart flooring
What Are The Segments Of The Global Industrial Flooring Market?
The global industrial flooring market can be segmented by:
1) Material Type: Epoxy, Polyaspartic, Polyurethane, Acrylic, Other Material Types.
2) Thickness: Light Duty, Medium Duty, Heavy Duty.
3) End-User Industry: Food And Beverage, Chemical, Transportation And Aviation, Healthcare, Other End-User Industries.
Which Region Leads The Industrial Flooring Market?
Asia-Pacific dominated the industrial flooring market in 2024, becoming the largest regional market. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Flooring Market Global Market Report?
• Market Size Analysis: Analyze the Industrial Flooring Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Industrial Flooring Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Industrial Flooring Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Industrial Flooring Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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