Market Size of Europe Industrial Flooring Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Industrial Flooring Market Analysis
The industrial flooring market in Europe is expected to register a CAGR of over 4.5% during the forecast period.
- Over the short term, Europe's industrial flooring market is driven by the rising demand from the food and beverage and chemical industries.
- However, the industrial flooring market is constrained by expensive installation costs and environmental regulations. Installing industrial flooring can be costly, particularly if it calls for specialist labor and equipment. Additionally, some industrial flooring materials might not be compliant with regional environmental requirements, making them challenging to use in some regions.
- Nevertheless, bio-based flooring is an excellent option for industrial flooring as it is very simple to maintain and clean. It is a great option for industries because it is additionally resistant to water, fire, and wear and tear. Furthermore, bio-based flooring is frequently more affordable than conventional flooring materials, which will act as an opportunity for the market's growth in the future.
- Germany is expected to dominate the European industrial flooring market during the forecast period due to high demand from the growing industrial sector.
Europe Industrial Flooring Industry Segmentation
Industrial flooring is a long-lasting covering for concrete floors that improves features like load-bearing capacities and chemical and abrasion resistance based on the demands of the individual end-user industry. Manufacturing, the automotive, food and beverage, and pharmaceutical industries are just a few of the sectors that use industrial flooring. It is anticipated that the necessity for increased safety and durability in industrial settings will drive the demand for industrial flooring. The market is segmented on the basis of resin type, application, end-user industry, and geography. By resin type, the market is segmented into epoxy, polyaspartic, polyurethane, acrylic, and other resin types. By application, the market is segmented into concrete, wood, and other applications. By end-user industry, the market is segmented into food and beverage, chemical, transportation and aviation, healthcare, and other end-user industries. The report also covers the market size and forecasts for the market in five countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
Resin Type | |
Epoxy | |
Polyaspartic | |
Polyurethane | |
Acrylic | |
Other Resin Types |
Application | |
Concrete | |
Wood | |
Other Applications |
End-user Industry | |
Food and Beverage | |
Chemical | |
Transportation and Aviation | |
Healthcare | |
Other End-user Industries |
Geography | |
Germany | |
United Kingdom | |
Italy | |
France | |
Russia | |
Rest of Europe |
Europe Industrial Flooring Market Size Summary
The European industrial flooring market is poised for growth, driven by increasing demand from sectors such as food and beverage, chemicals, and automotive industries. Despite challenges like high installation costs and stringent environmental regulations, the market is seeing a shift towards bio-based flooring solutions, which offer advantages such as ease of maintenance and resistance to water, fire, and wear. Germany is expected to lead the market due to its robust industrial sector, particularly in chemicals and pharmaceuticals, which are significant contributors to the region's economy. The chemical industry, a major consumer of industrial flooring, benefits from materials like epoxy flooring, known for its durability and chemical resistance.
The market landscape in Europe is partially consolidated, with key players including Akzo Nobel N.V., Altro Ltd, and Flowcrete Group Ltd, among others. Recent strategic moves, such as acquisitions by companies like RCR Industrial Flooring and Victoria PLC, indicate a trend towards expanding product offerings and strengthening market positions. The automotive sector's reliance on durable and non-slip flooring solutions further supports market growth, particularly in Germany, where production and innovation in vehicle manufacturing are on the rise. Overall, the European industrial flooring market is expected to experience steady expansion, fueled by sector-specific demands and strategic industry developments.
Europe Industrial Flooring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Awareness about the Advantages of Industrial Flooring
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1.1.2 Increasing Demand from the Chemicals Industry
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1.2 Restraints
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1.2.1 Stringent Regulations on VOCs Released on Flooring
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Resin Type
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2.1.1 Epoxy
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2.1.2 Polyaspartic
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2.1.3 Polyurethane
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2.1.4 Acrylic
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2.1.5 Other Resin Types
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2.2 Application
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2.2.1 Concrete
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2.2.2 Wood
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2.2.3 Other Applications
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2.3 End-user Industry
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2.3.1 Food and Beverage
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2.3.2 Chemical
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2.3.3 Transportation and Aviation
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2.3.4 Healthcare
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2.3.5 Other End-user Industries
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2.4 Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 Italy
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2.4.4 France
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2.4.5 Russia
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2.4.6 Rest of Europe
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Europe Industrial Flooring Market Size FAQs
What is the current Europe Industrial Flooring Market size?
The Europe Industrial Flooring Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Europe Industrial Flooring Market?
Amtico , Forbo Group, MBCC Group, Sika AG and Akzo Nobel N.V. are the major companies operating in the Europe Industrial Flooring Market.