Resin Flooring Market is Forecasted to Reach US$ 6.8 billion in 2028, Says Stratview Research

The global Resin Flooring Market is projected to witness a growth rate of 4.5% annually from 2023 to 2028, with an anticipated size of US$ 6.8 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Resin Flooring Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 6.8 billion
Growth (CAGR): 4.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Resin Flooring Market:
The global Resin Flooring Market is segmented based on material type, application type, , end-user type, and region.

Based on material type - The resin flooring market is segmented into epoxy, PU resin, MMA (methyl methacrylate), and others. In 2022, epoxy held market dominance and is expected to remain the dominant segment of the market, and it held a revenue share of more than 60% in 2022. Epoxy is a favorable material in resin flooring, designed to safeguard the floor from different circumstances and optimize the overall flooring performance.

Based on application type - The market is classified as food & beverage, healthcare, automotive manufacturing, industrial manufacturing, and others. Industrial manufacturing is likely to maintain its dominance and it held a revenue share of more than 30% in 2022, whereas food & beverage is anticipated to register the highest growth over the same period.

Based on end-user type - The market is segmented into industrial, residential & commercial. The industrial segment occupied a major market share of more than 70% in 2022.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe is the most dominant market for resin flooring, and it held a revenue share of more than 40% in 2022. This growth outlook is majorly attributed to the following-
• The countries, such as Germany, France, and the UK, are the major growth engines of the regional market due to the presence of major market players, distributors, and contractors.
• Several flooring material suppliers have their presence in the region to address the emergent needs of the market.
• Asia-Pacific, another major market for resin flooring, is subjected to grow at the highest pace over the next five years. China alone holds more than half of the region's market and will continue marking greater dominance in the region as well as the global market.
• Over the years, there has been a constant increase in the penetration of resin flooring in the major Asian economies, particularly in China, a key factor driving the demand in the region.

Resin Flooring Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing demand in various industries such as industrial, commercial, and residential.
• Increasing demand in various end-use industries and the shift towards sustainable and decorative flooring solutions.
• Increasing demand for eco-friendly and sustainable flooring solutions has also boosted the market growth of resin flooring.

Top 10 Companies in the Resin Flooring Market:
Stratview Research has identified the following companies as the top market players:
• Sika AG
• Covestro Group
• The Sherwin-Williams Company
• BASF SE
• PPG Industries, Inc.
• Jotun
• RPM International Inc.
• Ardex Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Resin Flooring Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Luxury Vinyl Tiles (LVT) Flooring Market: https://www.stratviewresearch.com/674/luxury-vinyl-tiles-flooring-market.html
• Wood Flooring Market: https://www.stratviewresearch.com/3077/wood-flooring-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.