Industrial flooring market
Industrial Flooring Market, by Product Type (Light duty (<300um), Medium Duty (300um-4mm), Heavy Duty (>4mm)), 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, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Sep 2022
- CMI3851
- 120 Pages
- Excel & Pdf
- Advanced Materials
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
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.
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: |
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| Segments covered: |
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| 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 |
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| Growth Drivers: |
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| Restraints & Challenges: |
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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
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.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Material
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- Market Dynamics
- Global Industrial Flooring Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Industrial Flooring Market – COVID-19
- Impact Analysis
- Global Industrial Flooring Market, By Product Type, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Product Type
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Light duty (<300um)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Medium Duty (300um-4mm)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Heavy Duty (>4mm)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Introduction
- Global Industrial Flooring Market, By Material, 2017-2030 (US$ Billion)
- Epoxy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Polyaspartic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Polyurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Concrete
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Anhydrite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Methyl Methacrylate (MMA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Epoxy
- Global Industrial Flooring Market, By Application, 2017-2030 (US$ Billion)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Aircraft Hanger
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Pulp & Paper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Food & Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Energy & Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Chemical & Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Automotive
- Global Industrial Flooring Market, By Region, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Material, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Material, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Material, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Material, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Region/Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Region/Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Material, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Billion)
- Sub-Regions
- Middle East
- Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Sika AG
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- RPM International Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Mapei U.K. Ltd. Fosroc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Don Construction Product Types Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Cipy Polyurethanes Pvt Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Viacor Polymer GmBH
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Twintec
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Acrylicon
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Cornerstone Flooring
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Applied Flooring
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- AVCON Technics Pvt. Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- 4m Europe
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- East Coast Flooring Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- BASF SE
- Section
- References
- Research Methodology
- About Us and Sales Contact
* Browse 50 market data tables* and 40 figures* on “Global Industrial Flooring Market” - forecast to 2030.
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 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
- By Country:
- U.S
- Canada
- By Product Type:
- Latin America
- 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
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type:
- Europe
- 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
- By Country:
- Germany
- U.K
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Product Type:
- Asia Pacific
- 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
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Product Type:
- Middle East & Africa
- 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
- By Country/Region:
- Middle East
- Africa
- By Product Type:
- North America