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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