1 / 14

Industrial Flooring Market

Industrial Flooring Market<br>

shrutikarhekar29
Download Presentation

Industrial Flooring Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. INDUSTRIAL FLOORING MARKET ANALYSIS • Industrial Flooring Market, By Product Type (Light duty (<300um), Medium Duty (300um-4mm), Heavy Duty (>4mm)), By Material Type (Epoxy, Polyaspartic, Polyurethane, Concrete, Anhydrite, Methyl Methacrylate (MMA)), By Application (Automotive, Aircraft Hanger, Pulp & Paper, Food & Beverage, Energy & Power, Chemical & Pharmaceutical, Healthcare), and By Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

  3. Industrial flooring is usually done to enhance the aesthetic appeal of the floor by providing various customized designs, improving texture, and color of the floor. They offer easy maintenance, are durable, provide the antimicrobial environment, and resistant to various environmental factors. Moreover, industrial flooring also provides waterproof and slip resistance properties which make them suitable for harsh industrial environments. They are mostly used across commercial places such as fitness centers, offices, manufacturing industries, and hospitality buildings.The global industrial flooring market is projected to surpass US$ 11.0 billion by the end of 2027, in terms of revenue, growing at CAGR of4.4% during the forecast period (2020 to 2027). • Drivers • Growing demand for industrial flooring from the food &beverage industry for preventing the degradation of concrete due to the manufacturing process is expected to fuel the market growth of industrial flooring. The growth of the industrial flooring is also attributed to the growth in the food and beverage industry due to rising spending of consumers and government on the food industry especially across India, China, and the U.S. • Rising implementation of rules and regulations regarding the safety and hygiene of the workplace is expected to accelerate the market growth of industrial flooring. According to EU regulations 852/2004, 853/2004 and 854/2004, the floor of the food industry must be clean, hygienic, properly disinfected. Also, the product use for floor material should be easy to wash, non-absorbent, and made from non-toxic materials, etc. • Regionally, Europe dominated the global industrial flooring market in 2019, reporting 34% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

  4. Figure 1. Global Industrial Flooring Market, Revenue Share (%), By Region, 2019

  5. Market Restraints • The high cost of industrial flooring as compared to traditional flooring is anticipated to restrict market growth. Moreover, the availability of various tiles that can withstand heavy-duty operations is also projected to hamper the market growth of the industrial flooring over the forecast timeframe. • Lack of awareness regarding the benefits of products among consumers coupled with the dearth of skilled labor for the industrial flooring application is expected to hinder the use of the product. This is likely to affect the overall market growth of industrial flooring over the forecast period.

  6. Market Opportunities • Growth in the IT and telecommunication industry due to the increasing adoption of new operations and technology. The IT and telecommunication industry are highly preferred aesthetically pleasant flooring solution. Thus, growth in the IT and telecommunication industry is likely to present new opportunities for the market of industrial flooring. • Growing spending on the construction industry along with the rising adoption of advanced construction materials is expected to augment the market growth. Moreover, a rise in the number of various small manufacturers and rising FDI inflows coupled with favorable government policies is further expected to accelerate the market growth of industrial flooring. 

  7. Figure 2. Global Industrial Flooring Market – Opportunity Analysis

  8. Market Trends • Growth in the industries including metallurgical, mining, oil & gas due to the high requirement of tough ground that is suitable for chemical, solvents, and high-temperature applications is expected to augment the market growth. Industrial flooring provides enhance adhesion, excellent surface strength, and high-performance water and chemical proof advantage. This is expected to fuel market growth. • Continuous product innovation in the industrial material products by manufacturers is projected to be a major trend in the market and this is expected to fuel the market growth of industrial flooring. For instance, in January 2020, Royal DSM has enabled its new, bio-based self-matting resin, Decovery SP-2022 XP, that has been successfully integrated by coating formulators Ciranova and Arboritec AB into products launched at Domotex 2020. The resin is enabled easier application and higher aesthetic and functional performance in the flooring market.

  9. Figure 3. Global Industrial Flooring Market, Revenue Share (%), By Product Type, In 2019 On the basis of product type, medium duty (300um - 4mm) dominated the global industrial flooring market in 2019 with around 49% of market share in terms of revenue, followed by heavy duty (>4mm) and light duty (<300um), respectively.

  10. Competitive Section Key players are operating in the global industrial flooring market are BASF SE, Sika AG, RPM International Inc., Mapei U.K. Ltd. Fosroc, Don Construction Products Ltd., Cipy Polyurethanes Pvt Ltd., Viacor Polymer GmBH, Twintec, Acrylicon, Cornerstone Flooring, Applied Flooring, AVCON Technics Pvt. Ltd., 4m Europe, and East Coast Flooring Ltd.

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/market-insight/industrial-flooring-market-3851

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-67 Email : sales@coherentmarketinsights.com

  14. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

More Related