A recent report published by Infinium Global Research on the industrial flooring market provides an in-depth analysis of segments and
sub-segments in the global as well as regional industrial flooring market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional industrial flooring market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global industrial flooring market. According to
the report, the global industrial flooring market is projected to grow at a
CAGR of 6.5% over the forecast period of 2019-2025.
Nowadays, industrial flooring plays a vital role in productivity,
safety, and housekeeping in industries. The industrial floor provides
trouble-free movement of man, machine, materials, and material-handling
equipment. The industrial floorings are gradually shifting from conventional
cement floorings to dust-free monolithic floors as the highly durable surface area
required for heavy traffic & aggressive use that withstands thermal shock
from steam & thermal cycling. A wide range of industrial floorings is available
commercially.
The growing industrialization is the key driver for the growth of the industrial flooring market. The growth of the food and beverage industries have
especially created huge demand for industrial flooring owing to the rising
safety and quality standards in these production facilities. In addition, rapid
infrastructural development in developing economies has increased the demand
for flooring products remarkably in the previous years. Industrial flooring
incorporates aesthetics, longevity, quick installability, economy, slip
resistance, quality, functionality, durability, eco-friendliness, and moisture
resistance that in turn increases its demand in the industrial spaces. Furthermore,
the increasing safety concerns coupled with the growing concern for
sustainability in the industries are also increasing the adoption of industrial
flooring. However, low awareness of industrial flooring hampers the growth
of the industrial flooring market. Moreover, the growing innovations in
industrial floorings are anticipated to promote fruitful opportunities for the
growth of the industrial flooring market.
Among the regions, Asia Pacific dominates the global industrial
flooring market. The expanding food and beverage and pharmaceutical sector,
increasing support from government and massive investments in small and medium
scale industries are some factors responsible for the growth of the market in
the Asia Pacific region. China is anticipated to be the major market for
industrial flooring in the region. Moreover, North America also holds a
significant position in the global industrial flooring owing to the high
awareness and high rate of adoption of such products.
The report on global industrial flooring market covers segments
such as product type, material type, and application. On the basis of product
type, the sub-markets include light duty (<300 micrometer), medium duty (300
micrometer - 4mm) and heavy duty (>4mm). On the basis of material type, the
sub-markets include epoxy, polyaspartic, concrete, anhydrite, and methyl
methacrylate (MMA). On the basis of application, the sub-markets include
automotive, aircraft, food & beverage, energy & power, chemical &
pharmaceutical, and healthcare.
The report provides profiles of the companies in the market such
as BASF SE, Sika AG, Mapei U.K. Ltd., Fosroc, Inc., PPG Industries, Inc.,
Teknos Group, Akzo Nobel N.V., Sherwin-Williams Company, and Lubrizol
Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial flooring market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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