Industrial flooring is a coating of the surface by using certain products that helps in making floor chemical resistance, anti-microbial, and antistatic. It is also used to enhance the aesthetic appeal of the surface, prevent contamination, maintain cleanliness, and reduce the risk of industrial accidents. Epoxy, polyaspartic, polyurethane, concrete, anhydrite, and methyl methacrylate (MMA) are some of the common products used in industrial flooring. Automotive, aircraft, pulp & paper, chemical & pharmaceutical, food & beverage, energy & power, and healthcare are some of the major end user of industrial flooring.
Global industrial flooring market was valued at US$ 8.72 Billion in 2021 in terms of revenue, exhibiting a CAGR of 4.40% during the forecast period (2022 to 2030).
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. Moreover, the product use for floor material should be easy to wash, non-absorbent, and made from non-toxic materials, etc.
The Coronavirus pandemic has affected most countries and economies. Most areas have been adversely impacted by this crisis, aside from the healthcare sector, to some extent. Until the pandemic subsides, demand from end-use industries will be slow, adversely influencing the development of the industrial flooring market in the forecast period.
Among region, Europe dominated the global industrial flooring market in 2021, reporting 34% market share in terms of revenue, followed by North America and Asia-pacific, respectively.
Figure 1. Global Industrial Flooring Market Value Share (%), By Region, 2021
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 period.
Lack of awareness regarding the benefits of products among consumers coupled with the dearth of skilled labour 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.
|Base Year:||2021||Market Size in 2021:||US$ 8.72 Bn|
|Historical Data for:||2017-2020||Estimated Year:||2022|
|Forecast Period 2022 to 2030 CAGR:||4.4%||Forecast Period:||2022-2030|
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
|Restraints & Challenges:||
Growth in the IT and telecommunication industry due to the increasing adoption of new operations and technology are expected to provide lucrative opportunities for the market growth of industrial flooring. 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 (Foreign Direct Investment) inflows coupled with favourable government policies is further expected to accelerate the market growth of industrial flooring.
Figure 2. Global Industrial Flooring Market Value Share (%), By Product, 2021
On the basis of product type, light duty (<300um), dominated the global industrial flooring market in 2021 with around 49% of market share in terms of revenue, followed by heavy duty (>4mm) and medium duty (300um - 4mm) respectively.
Major players operating in the global Industrial flooring market include 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.