Global Industrial Flooring Market

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.

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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).

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. '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)'

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.

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.

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.

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Global Industrial Flooring Market

Report ID: SQMIG15F2079

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