Industrial Flooring Market is Estimated to Represent US$ 10 Bn Value by 2024

Covering industrial surfaces, especially floors, is one of the top priority for companies setting manufacturing plants or engineering units. Resistance to toxic & corrosive chemicals, mechanical abrasion, static, microbial outgrowth are some essential features expected from industrial floorings. Unfortunately, the global demand for industrial floorings is likely to get hampered in the years to come. Persistence Market Research projects that these essential facilities provided through industrial floorings will be rendered useless as industrialization witnesses an outright upgrade in terms of exposure to chemicals, toxins or unwanted microbes. According to its latest report, Persistence Market Research anticipates that the global market for industrial flooring will reach US$ 10 Bn value by 2024-end, but at a sluggish pace of 4.3% CAGR.

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In addition to this, a number of regulations have been laid down by different government bodies such as USDA, FDA, and EU with regards to maintaining the hygiene and safety standards in the workplace, mainly to avoid contaminating food. Materials such as polyurethane and epoxy comply with all the requirements of the regulatory authorities along with those stipulated by the food & beverage industry. Thus, the food & beverage industry will continue to remain one of the main end users in the industrial flooring market.

In industrial flooring, cost of flooring varies and depends upon the thickness of material used for flooring. The service provider also plays a key role in costing process. In most cases, the total cost of industrial flooring for end-use industries usually works out to be higher than the cost for traditional flooring. High costs of flooring are, thus, expected to cause major problems in sales of industrial floorings. Also, in order to gain competitive advantage, companies are focusing on manufacturing tiles that can withstand heavy duty operations, the cost of which works out to be even higher. The report expects that companies such as BASF SE, Sika AG, RPM International Inc., Mapei UK Ltd., Fosroc, Don Construction Products Ltd., Twintec, Cipy Polyurethanes Pvt. Ltd., Viacor Polymer GmbH, Acrylicon, 4m Europe, East Coast Flooring Ltd., Cornerstone Flooring, AVCON Technics Pvt. Ltd., and Applied Flooring, will be actively partaking in the growth of global industrial flooring market throughout the forecast period.

View Full Report TOC @ https://www.persistencemarketresearch.com/market-research/industrial-flooring-market/toc

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