Press release
Emerging Trends Influencing The Growth Of The Industrial Flooring Market:Product Innovations Transforming The Industrial Flooring Market
Industrial Flooring
How Big Is the Industrial Flooring Market Size Expected to Be by 2034?
In recent times, there has been significant growth in the size of the industrial flooring market. Predictions indicate that this market will expand from $7.48 billion in 2024 to $7.91 billion in 2025, implying a compound annual growth rate (CAGR) of 5.7%. This growth during the historic period can be associated with factors such as industrial expansion, a growing demand for safety compliance, a need for chemical resistance, the requirement to sustain heavy equipment, and an increase in the need for durability.
In the coming years, the industrial flooring market is anticipated to experience robust growth, swelling to a size of $10.41 billion by the year 2029 with a CAGR of 7.1%. This uptick in growth during the forecast period is largely due to escalating sustainability concerns, the expansion of the food and beverage industry, progressing demand in e-commerce and warehouse settings, growth in healthcare and pharmaceutical sectors, and rising regulatory amendments. Key trends forecasted for this period are epoxy resin flooring, polished concrete flooring, anti-static and ESD flooring, swift-curing flooring systems, and intelligent flooring solutions.
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What Are the Emerging Segments Within the Industrial Flooring Market?
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
Subsegments:
1) By Epoxy: 100% Solid Epoxy, Water-Based Epoxy, Solvent-Based Epoxy
2) By Polyaspartic: Fast-Curing Polyaspartic, Standard Polyaspartic
3) By Polyurethane: Aliphatic Polyurethane, Aromatic Polyurethane
4) By Acrylic: Water-Based Acrylic, Solvent-Based Acrylic
5) By Other Material Types: Vinyl Ester, Cementitious Flooring, Urethane Cement
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What Long-Term Drivers Are Shaping Industrial Flooring Market Trends?
The acceleration in the demand from the food and beverage domains is projected to energise the expansion of the industrial flooring market. The food and beverage division encompasses the processing of foods as well as the wrapping and conveying of beverages. To adhere to the safety and hygiene requirements in food and beverage production, industrial flooring is a prerequisite. For instance, a report by Common Thread Collective, an e-commerce growth agency based in the US, stated in April 2022 that the global food and beverage revenue stood at $506 billion in 2022 and is predicted to soar to $857 billion by 2025. Hence, the escalating desire from the food and beverage sectors is set to propel the industrial flooring market's growth.
Who Are the Top Competitors in Key Industrial Flooring Market Segments?
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, 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
What Industrial Flooring Market Trends Are Gaining Traction Across Different Segments?
The industrial flooring market is witnessing a surge in product innovations, a key trend for major companies striving to consolidate their market positions. For example, in August 2022, Tarkett North America, a US-based flooring solutions enterprise, revitalized and extended its iQ® GranitTM range, and launched the accompanying iQ® EminentTM line within its superior quality homogeneous vinyl sheet and tile offerings. These iQ products, specifically crafted for healthcare environments, are renowned for their durability and require minimal maintenance, ensuring consistent performance even in high-traffic areas. These groundbreaking flooring solutions help shape healthy and restorative indoor spaces, catering to the escalating demand for sustainable and efficient flooring choices in the healthcare sector.
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Which Regions Are Becoming Hubs for Industrial Flooring Market Innovation?
Asia-Pacific was the largest region in the industrial flooring market in 2024. The regions covered in the industrial flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Flooring Market?
2. What is the CAGR expected in the Industrial Flooring Market?
3. What Are the Key Innovations Transforming the Industrial Flooring Industry?
4. Which Region Is Leading the Industrial Flooring Market?
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