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  • Published On : Sep 2022
  • Code : CMI3851
  • Industry : Advanced Materials
  • Pages : 120
  • Formats :

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).

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. 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

Industrial Flooring  | Coherent Market Insights

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 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.

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Industrial Flooring Market Report Coverage

Report Coverage Details
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
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Light duty (<300um), Medium Duty (300um-4mm), Heavy Duty (>4mm)
  • By Material: Epoxy, Polyaspartic, Polyurethane, Concrete, Anhydrite, Methyl Methacrylate (MMA)
  • By Application: Automotive, Aircraft Hanger, Pulp & Paper, Food & Beverage, Energy & Power, Chemical & Pharmaceutical, Healthcare
Companies covered:

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

Growth Drivers:
  • Growing demand for industrial flooring from the food &beverage industry for preventing the degradation of concrete due to the manufacturing process
  • Rising implementation of rules and regulations regarding the safety and hygiene of the workplace 
Restraints & Challenges:
  • The high cost of industrial flooring as compared to traditional flooring

Market Opportunities

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

Industrial Flooring  | Coherent Market Insights

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.

Recent Developments

  • In December 2019, AkzoNobel, a Dutch company which creates paints and performance coatings, acquired Mauvilac Industries Limited (Africa), a manufacturer of paint and coating. This initiative includes the acquisition of Mauvilac Industries’ local manufacturing facility, four concept stores, and a strong distribution network. This strategic initiative is expected to strengthen AkzoNobel’s footprint in Sub-Saharan African markets.
  • In October 2019, AkzoNobel, a Dutch company which creates paints and performance coatings, introduced a new range of powder coating ‘Interpon Redox,’ which is an ideal solution for corrosion protection. This powder coating may be used to all array of surfaces, substrates, and environments (such as cable cars, window frames, wind turbines, and chemical plants).
  • In July 2019, AkzoNobel, a Dutch company which creates paints and performance coatings, invested US$ 4 million (3 million Euros) in Changzhou powder coatings plant in China, with an aim to enhance its production facilities as well as supply chain. Furthermore, the company invested in adding three new production lines at the same plant in China.

Competitive Section

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.

Flooring process is used to cover the ground surface of buildings by utilizing various covering materials such as tiles, carpets and vinyl. Industrial flooring is used as covering of the industrial buildings and manufacturing units. These flooring provides many benefits over conventional flooring such as easier common repair and maintenance requirements.

Market Dynamics

The global industrial flooring market has witnessed significant growth in recent past years, owing to the rising adoption of eco-friendly and bio-based flooring & polyaspartic coatings with a better performance and durability. Along with this, rising demand in industries for thick durable floor coatings, which provides a protective barrier and help in preventing contaminants from degrading the concrete substrate, ensuring a hygienic surface. This in turn is expected to boosting the popularity among consumers across the globe.

Industrial construction expansion is being influenced by rapid industrialization, particularly in emerging nations. Owing to the increased environmental consciousness among end users, the industry has witnessed an increase in the penetration of industrial flooring market.

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.

Major players in the global industrial flooring market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in end user industries. This scenario is expected to fuel the market during the forecast period.

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.

Key features of the study:

  • This report provides an in-depth analysis of global industrial flooring market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global industrial flooring market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study 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.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global industrial flooring market report caters to various stakeholders in this industry including investors, suppliers, industrial flooring service providers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial flooring market

Detailed Segmentation:

  • Global Industrial Flooring Market, By Product Type:
    • Light duty (<300um)
    • Medium Duty (300um-4mm) 
    • Heavy Duty (>4mm)
  • Global Industrial Flooring Market, By Material:
    • Epoxy
    • Polyaspartic 
    • Polyurethane 
    • Concrete 
    • Anhydrite 
    • Methyl Methacrylate (MMA)
  • Global Industrial Flooring Market, By Application:
    • Automotive
    • Aircraft Hanger
    • Pulp & Paper
    • Food & Beverage 
    • Energy & Power
    • Chemical & Pharmaceutical  
    • Healthcare
  •  Global Industrial Flooring Market, By Region:
    • North America
      • By Country:
        • U.S
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • BASF SE
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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
    • East Coast Flooring Ltd.

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global industrial flooring market was valued at around US$ 8.72 Billion in 2021.
Growing demand for industrial flooring from the food &beverage industry for preventing the degradation of concrete due to the manufacturing process across the globe is mainly driving the market growth.
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 high cost of industrial flooring as compared to traditional flooring is expected to restrain the market growth of industrial flooring.
Major players operating in the 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. 
The market is estimated to grow at around 4.4% CAGR in the forecast period (2022-2030).

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