The global industrial flooring market size was US$ 7.9 billion in 2021. The global industrial flooring market size is forecast to reach US$ 13.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2022 to 2030.
The major use of industrial flooring is to improve the floor’s aesthetic appeal by providing a selection of bespoke designs and improving the texture and color. They’re easy to care for, endure a long time, are antimicrobial, and resistant to a variety of environmental factors. Industrial flooring is waterproof and slip-resistant, making it excellent for use in demanding industrial environments. Fitness centers, businesses, manufacturing sites, and hotels are typical places where they can be found.
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Factors Influencing Market Growth
The rising popularity of eco-friendly bio-based flooring and the profitable performance of polyaspartic coatings is forecast to offer lucrative opportunities for the global market during the forecast period.
The growing construction activities, development of oil and gas activities, and increasing industrialization drive the global market.
Increased flooring costs may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the spread of the deadly virus. Various firms in the industrial flooring market had to halt operations in nations including China, the United States, and India due to the COVID-19 pandemic. This pause has a direct influence on the sales of industrial flooring firms. In addition, a scarcity of people and raw materials hampered the supply of industrial flooring equipment, limiting the market growth.
Regional Analysis
The Asia Pacific region accounted for a substantial share in the market in 2021 and is forecast to remain its dominance during the forecast period. As a result of the growing construction activities in China. In addition, the country’s chemical sector has risen dramatically over the last two decades, in keeping with the country’s general expansion and the fundamentals of the important industries. The food processing industry in the country is maturing and experiencing moderate expansion. Healthy, natural, and easy ready-to-drink smoothies, juices, and yogurts are becoming increasingly popular in the beverage sector. Thus, these factors fuel the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global industrial flooring market are:
VIACOR Polymer GmbH
BASF SE
Cipy Polyurethanes Pvt. Limited
Cornerstone Flooring
Don Construction Products Limited
Fosroc, Incorporated
MAPEI S.p.A
RPM International Incorporated
Sika AG
Twintec Group Limited
Other Prominent Players
Scope of the Report
The global industrial flooring market segmentation focuses on End-User, Thickness, Material Type, and Region.
Segmentation based on End-User
Chemical
Food and Beverages
Healthcare
Transportation and Aviation
Others
Segmentation based on Thickness
Light duty
Medium Duty
Heavy Duty
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Segmentation based on Material Type
Epoxy
Polyaspartic
Polyurethane
Anhydrite
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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