Market Size of Industrial Flooring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Industrial Floorings Market Analysis
The global industrial flooring market is projected to register a CAGR of over 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. However, the market now reached pre-pandemic levels. With the easing of regulations, construction activities are expected to pick up pace in the coming years.
- Over the short term, growing awareness about the advantages of industrial flooring is expected to drive market growth.
- Stringent regulations on VOCs released on the flooring will likely hinder the market's growth.
- The increasing popularity of eco-friendly bio-based flooring and the promising performance of polyaspartic coatings are projected to provide opportunities for future market growth.
- Asia-Pacific holds the major share in the consumption of industrial flooring. The region is also expected to witness the fastest growth during the forecast period, powered by the growth in industrial activities.
Industrial Floorings Industry Segmentation
Industrial flooring is a permanent cover over the concrete floor to enhance properties such as load-bearing capacities and chemical and abrasion resistance based on the specific end-user industry requirement. The market is segmented based on 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. The market is segmented into food and beverage, chemical, transportation and aviation, healthcare, and other end-user industries by end-user industry. The report also covers the market size and forecasts in 16 countries across major regions. The market sizing and forecasts are based on each segment's value (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 | ||||||||
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Industrial Flooring Market Size Summary
The global industrial flooring market is experiencing a resurgence, having recovered from the setbacks caused by the COVID-19 pandemic. The market is poised for steady growth, driven by increasing awareness of the benefits of industrial flooring solutions. However, the market faces challenges due to stringent regulations concerning volatile organic compounds (VOCs) emissions. The rising demand for eco-friendly bio-based flooring and the effective performance of polyaspartic coatings present significant opportunities for market expansion. The Asia-Pacific region, particularly China, is a dominant force in the market, benefiting from robust industrial activities and a burgeoning chemical industry. This region is expected to maintain its leading position and witness the fastest growth during the forecast period.
In the food and beverage sector, industrial flooring plays a crucial role in maintaining hygiene and preventing contamination, necessitating the use of advanced resins and coatings like epoxy and polyurethane. The industry's adherence to stringent standards set by organizations such as the Global Food Safety Initiative (GFSI) underscores the importance of high-quality flooring solutions. North America has seen significant investments in food processing facilities, indicating a positive outlook for industrial flooring in this sector. The market is characterized by its fragmented nature, with key players like Sika AG, RPM International Inc., and Nippon Paint Holdings Co. Ltd. actively introducing innovative products to meet evolving industry demands.
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 Food and Beverage 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 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Russia
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2.4.3.6 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Industrial Flooring Market Size FAQs
What is the current Industrial Flooring Market size?
The Industrial Flooring Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Industrial Flooring Market?
MBCC Group, Sika AG, RPM International Inc., Akzo Nobel N.V. and Nippon Paint Holdings Co. Ltd are the major companies operating in the Industrial Flooring Market.
