USD 8.37 Billion
Industrial Flooring Market Size, Share, Growth Analysis, By Thickness(Light Duty, Medium Duty, Heavy Duty), By Material(Epoxy, Polyaspartic, Polyurethane, Anhydrite), By End–User(Chemical, Food & Beverages, Healthcare, Transportation & Aviation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2079 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
94
|Figures:
76
Industrial Flooring Market Insights
Global Industrial Flooring Market size was valued at USD 8.37 Billion in 2022 and is poised to grow from USD 8.87 Billion in 2023 to USD 14.14 Billion by 2031, at a CAGR of 6% during the forecast period (2024-2031).
A number of factors have combined to create consistent expansion in the worldwide industrial flooring market in recent years. The growth of industrial sectors including manufacturing, warehousing, logistics, and automobile production is one of the main motivators. These sectors need flooring options that are strong and resilient that can resist large weights, chemical exposure, and continuous foot activity. Industrial flooring products including epoxy coatings, concrete, and resinous flooring systems are in high demand as a result. The increasing importance of safety and compliance in industrial settings is a key additional factor. Around the world, governments and regulatory authorities are enforcing strict rules for workplace cleanliness and safety. Industrial flooring is essential for satisfying these compliance standards because it offers surfaces that are easy to clean and resistant to chemical spills.
The market does, however, have difficulties because of pricing constraints, particularly in price-sensitive countries, and the requirement for ongoing innovation to satisfy changing industry expectations. In order to offer cutting-edge flooring technologies and materials, particularly those with antimicrobial qualities to improve cleanliness in industrial facilities, market participants are concentrating on research and development. These data demonstrate the market's dynamic nature, which continues to adapt to business trends and the changing demands of various industrial sectors.
US Industrial Flooring Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Epoxy
Fastest Growth
Epoxy
Growth Rate
6% CAGR
Global Industrial Flooring Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Industrial Flooring Market Segmental Analysis
The global industrial flooring market is segmented on the basis of thickness, material, end–user, region. By thickness, the market is segmented into light duty, medium duty, heavy duty. By material, the market is segmented into epoxy, polyaspartic, polyurethane, anhydrite, others. By end – user industry, the market is segmented into chemical, food & beverages, healthcare, transportation & aviation, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Industrial Flooring Market Analysis By Material
Epoxy flooring has become a particularly notable category in the industrial flooring market's material type subsegment. Both end-users and suppliers of industrial flooring solutions are paying close attention to epoxy flooring systems. Several important elements that have fueled the expansion of epoxy flooring across several sectors might be blamed for this trend.
One of the industrial flooring market's fastest-growing sub sectors is polyurethane flooring. Because of its outstanding chemical resistance, impact resistance, and capacity to support enormous loads, polyurethane flooring solutions have become more popular. They were especially valued in sectors with strict cleanliness and durability standards, such as the production of food and beverages, automobiles, and medicines.
Industrial Flooring Market Analysis By End–User
The food and beverage industry has historically established a firm footing and had a sizable proportion in the global industrial flooring market in terms of end-user industries. The industry's strict requirements for hygiene and safety are partly responsible for its prominent position. Food and beverage facilities require flooring options that can endure chemical exposure, high foot traffic, and the rigors of industrial machinery. They also need to be simple to maintain. Because they can provide a safe and secure environment that complies with strict regulatory criteria, epoxy and polyurethane flooring solutions have become the favored options in this business.
Likewise, one of the industrial flooring market's fastest-growing categories developed in the healthcare industry. This expansion was brought on by an increase in the building and remodeling of healthcare institutions, such as hospitals, clinics, and labs. These healthcare facilities require flooring options that not only maintain the highest standards of sanitation and are simple to clean, but also provide great durability and slip resistance. The industry sought seamless and antimicrobial flooring choices more and more to comply with strict safety regulations and infection control guidelines.
Global Industrial Flooring Market By Material
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Industrial Flooring Market Regional Insights
Europe leads the world market for industrial flooring in terms of geographic areas. Additionally, the area is well-positioned to quickly bounce back from the pandemic's negative economic effects. The predicted recovery in industrial manufacturing activity, which is forecast to considerably boost demand for industrial flooring solutions, may be partly blamed for this upswing. Additionally, similar to North America, Europe is home to a large number of factories, assembly lines, and processing facilities serving the pharmaceutical, food, and beverage, and automotive industries. Due to this geographic advantage, industrial flooring solutions will continue to be in high demand in the years to come.
In the meantime, the industrial flooring industry sees the fastest growth in the Asia-Pacific area during the following five years. China stands out in this dynamic environment, controlling more than half of the regional market share and steadily solidifying its influence both locally and globally. Industrial flooring solutions have steadily become more popular over time in all of the main Asian economies, with China at the forefront of this development. This expanding use of industrial flooring, especially in China, is a key element driving demand throughout the Asia-Pacific region.
Global Industrial Flooring Market By Geography
- Largest
- Fastest
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Industrial Flooring Market Dynamics
Industrial Flooring Market Drivers
Industrialization and Infrastructure Development
- The need for industrial flooring solutions is being driven by continuous infrastructure development and industrialization initiatives across the world, particularly in emerging nations. Industrial buildings, storage facilities, logistical hubs, and industrial facilities all need reliable flooring to support their operations.
Stringent Regulatory Standards
- Businesses are being forced to invest in high-quality industrial flooring that complies with sanitary and safety standards by strict legislation and safety standards in sectors including food and beverage, pharmaceuticals, and healthcare. Regulation adherence fuels market expansion.
Technological Advancements
- The variety of alternatives is growing as a result of technological developments in flooring components and installation methods. Innovative flooring options, such as those utilizing antimicrobial and eco-friendly materials, are becoming more popular.
Industrial Flooring Market Restraints
High Initial Cost
- Industrial flooring installation can have significant up-front expenditures, particularly for specialized or bespoke solutions. This may discourage some firms, especially smaller ones, from spending money on high-end flooring solutions.
Maintenance Expenses
- Industrial flooring is sturdy, but it needs regular upkeep and repair. Businesses may hesitate to invest in high-end flooring options because of the continuing upkeep requirements.
Market Fragmentation
- There are several regional and local companies in the highly fragmented industrial flooring industry. Competition in price and difficulties upholding the standards and quality of the product may result from this.
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Industrial Flooring Market Competitive Landscape
Through vast product portfolios and well-timed acquisitions, top industrial flooring firms like BASF SE, RPM International Inc., and Sika AG have kept a strong market presence. These titans of the business frequently concentrate on research and development to produce cutting-edge flooring selections that satisfy changing market needs and offer sustainable and environmentally friendly alternatives.
The market displays varied degrees of rivalry regionally. Established businesses often control the market in North America and Europe, where industrialisation and regulatory standards are strong. Local producers are becoming more well-known in emerging countries of the Asia-Pacific and Latin America, though, as a result of cheaper manufacturing costs and rising demand for industrial flooring.
The expanding trend for personalized flooring solutions has an impact on the competitive environment as well. Manufacturers who can provide customized flooring solutions to fulfill certain industrial needs and legal constraints are in a strong position to succeed. Additionally, the development of environmentally friendly flooring materials and technologies, together with the rising importance of safety and cleanliness, has created possibilities for both established and niche companies to carve out their positions in the international industrial flooring market.
Industrial Flooring Market Top Player’s Company Profiles
- BASF SE (Germany)
- RPM International Inc. (USA)
- Sika AG (Switzerland)
- The Sherwin-Williams Company (USA)
- PPG Industries, Inc. (USA)
- Ardex Group (Germany)
- Tennant Company (USA)
- The Euclid Chemical Company (USA)
- Flowcrete Group Ltd. (United Kingdom)
- Conren Limited (United Kingdom)
- Forbo Flooring Systems (Switzerland)
- Tarkett S.A. (France)
- Nora Systems, Inc. (Germany)
- AICA Kogyo Co., Ltd. (Japan)
- Cornerstone Flooring (USA)
- Maris Polymers (Greece)
- Milliken & Company (USA)
- Key Resin Company (USA)
- Plexi-Chemie, Inc. (USA)
- Stonhard (USA)
Industrial Flooring Market Recent Developments
- In June 2022, Master Builders Solutions (MBCC Group) introduced MasterTop BC 372EPA, a new component to its epoxy-based industrial MasterTop 1273 flooring system, to the European market. The new component is designed to improve the durability and performance of the flooring system.
- In February 2022, Nippon Paint Co., Ltd. (NPTU) launched two anti-viral and anti-bacterial water-based paint products, "PROTECTON Floor VK Clear" (for floors) and "PROTECTON Interior Wall VK Coat." The products are designed to help prevent the spread of viruses and bacteria in industrial and commercial settings.
Industrial Flooring Key Market Trends
- Epoxy and Polyurethane Dominance: Due to their strength and adaptability, flooring solutions made of epoxy and polyurethane continue to rule the market. The food and beverage, automobile, and healthcare industries all make extensive use of these materials.
- Health and Safety: The popularity of slip-resistant and antimicrobial flooring solutions is being driven by the emphasis on worker health and safety. Businesses place a high importance on maintaining a secure working environment.
- Resurgence of the Construction Industry: Increased demand for industrial flooring in commercial and residential building projects is a result of the worldwide construction industry's post-pandemic rebound.
Industrial Flooring Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Industrial Flooring Market analysis, as a result of reasons including industrialization, more regulatory requirements, and rising awareness of safety and sustainability, the global market for industrial flooring is still expanding rapidly. Established companies like BASF SE, RPM International Inc., and Sika AG continue to lead the market by utilizing their sizable product portfolios and innovation capabilities to satisfy changing consumer needs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.37 Billion |
| Market size value in 2031 | USD 14.14 Billion |
| Growth Rate | 6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Flooring Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Flooring Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Flooring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Flooring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Flooring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Flooring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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