Industrial Flooring Market

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INDUSTRIAL FLOORING MARKET ANALYSIS

• Industrial Flooring Market, By Product Type
  (Light duty (lt300um), Medium Duty (300um-4mm),
  Heavy Duty (gt4mm)), 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
•  

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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 of 4.4 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.

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

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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. 

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Figure 2. Global Industrial Flooring Market
Opportunity Analysis 
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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.

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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 (gt4mm)
and light duty (lt300um), respectively.
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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.
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