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| Global Industrial Flooring Market |
The industrial flooring market comprises flooring solutions utilized widely
across manufacturing facilities, warehouses, and commercial spaces in various
industrial verticals. Industrial flooring provides durable, chemical and
impact-resistant surfaces essential for industrial operations. The rising
construction of manufacturing plants, warehouses, and commercial spaces in
industries like automotive, cement, chemical, food processing etc. has
augmented the demand for industrial flooring. Industrial floors need to
withstand heavy loads, abrasion, chemicals, heat, moisture and other hazards
associated with industrial processes. Epoxy coatings, polyurethane, and
concrete are some of the commonly used industrial flooring materials owing to
their exceptional strength, durability and chemical resistance.
The Global industrial flooring market is estimated to be valued at US$ 10.95 Bn
in 2024 and is expected to exhibit a CAGR
of 7.7% over the forecast period of 2024 to 2030.
Key Takeaways
Key players operating in the industrial flooring are 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. These market players are focusing on new product
launches, expansions and mergers & acquisitions to strengthen their market
presence.
Global
Industrial Flooring Market provides ample growth opportunities owing to
rising industrialization in emerging economies of Asia Pacific and Middle East
& Africa. Additionally, growing emphasis on sustainability and
recyclability of flooring materials will further augment demand.
Key players are expanding their operations across global regions to tap into
high growth potential markets. For instance, Sika AG acquired concrete
admixtures business of BASF in EMEA and India in 2021 to reinforce its
position. RPM International Inc. has production facilities across 35 countries
to serve various regional and local markets.
Market Drivers
- Rising construction of manufacturing facilities, warehousing spaces and
commercial buildings across industries is a key driver for industrial flooring
market. The rapidly growing industries like automotive, food processing, cement
require robust floor solutions.
Market Restraints
- Volatility in raw material prices can hamper the profit margins of industrial
flooring manufacturers. Epoxy resins, cement, pigments experience price
fluctuations owing to supply demand forces. This acts as a key restraint.
Segment Analysis
The industrial flooring market is dominated by the epoxy segment which holds
around 35% of the total market share. Epoxy flooring provides excellent
chemical and abrasion resistance making it suitable for heavy duty industrial
applications where chemicals and oils are regularly used. Some key advantages
of epoxy floors include ease of cleaning, durability, high mechanical strength
and resistance to corrosion. It also acts as a vapor barrier and prevents
moisture from penetrating through.
Polyaspartic flooring is the fastest growing sub-segment growing at over 10%
annually. Polyaspartics can be applied much faster than epoxy as they cure very
quickly at room temperature within 2-3 hours. They also provide high gloss
finish, are eco-friendly with low voc emission and have excellent chemical and
abrasion resistance comparable to epoxy. These properties have increased its
usage in warehouses, manufacturing facilities, automotive service centers etc.
Global Analysis
The North America region currently dominates the global industrial flooring
market with over 35% share primarily driven by strong demand from the US
market. Presence of major end use industries such as automotive, food
processing and manufacturing has propelled flooring demand. The Asia Pacific
region is the fastest growing market for industrial flooring growing at around
9% annually. Rapid industrialization and infrastructure development in
countries such as China and India has augmented flooring usage. For instance,
special economic zones (SEZs) emerging across Asia Pacific are actively
utilizing epoxy and polyurethane flooring systems in their industrial parks and
manufacturing facilities. Robust economic growth along with government support
for 'Made in China 2025' initiative will further drive regional market growth
during the forecast period.
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