Dublin, May 22, 2023 (GLOBE NEWSWIRE) -- The "Global Industrial Flooring Market, By Thickness, By Construction Type, By Material Type, By End Use Industry, By Region Industry Trends and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global industrial flooring market was valued at US$ 6,130.35 Mn in 2022, estimated to reach US$ 10,125.02 Mn in 2030, with a CAGR of 5.67% from 2023-2030.
Companies Mentioned
- VIACOR Polymer GmbH
- BASF SE
- Cipy Polyurethanes Pvt. Ltd.
- Cornerstone Flooring
- Don Construction Products Ltd.
- Fosroc Inc.
- MAPEI S.p.A
- RPM International Inc.
- Sika AG
- Twintec Group Limited
In a variety of industries, industrial flooring is crucial for cleanliness, productivity, and safety. The mobility of people, machines, and material-handling equipment is made possible by industrial flooring.
It provides the floor with various advantages including chemical resistance, flammability and fire safety, wear (abrasion) resistance, and hygienic/anti-bacterial properties. For damaged floor surfaces that can improve cleanliness and safety and lower total repair costs, industrial flooring is particularly helpful.
Market Drivers
The food and beverage industry is expected to increase its demand for industrial flooring in order to reduce concrete deterioration throughout the manufacturing process.Due to rising consumer and governmental spending on the food business, particularly in India, China, and the US, the expansion of the industrial flooring sector is also tied to the growth of the food and beverage industry.
The industrial flooring market is expected to increase as more workplace safety and hygiene standards and regulations are implemented. The material used as a floor covering should also be non-absorbent, easy to clean, and constructed of non-toxic materials, among other qualities.
Market Restraints
The service provider and material thickness picked have an impact on the pricing of industrial flooring, which varies. The entire cost of industrial flooring is often higher for end-use businesses than it is for standard flooring. The application of industrial flooring and its cost are also significantly influenced by the operation division of a certain industry.
The high price of flooring will therefore likely have some effect on the development of the industrial flooring sector. Competitors are also focusing on making tiles that can withstand demanding activities, even though doing so will raise the price. The market for industrial flooring may be constrained in some way by these factors.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 202 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6130.35 Million |
| Forecasted Market Value (USD) by 2030 | $10125.02 Million |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Market Segmentation
By Thickness
- Light Duty
- Medium Duty
- Heavy Duty
By Construction Type
- New Construction
- Renovation
By Material Type
- Epoxy
- Polyaspartic
- Polyurethane
- Anhydrite
- Renovation & Laminate
- Ceramic Tiles
- Carpet
- Vinyl, Linoleum & Rubber
- Others
By End Use Industry
- Chemical
- Food and Beverages
- Healthcare
- Transportation and Aviation
- Sports & Leisure
- Others
By Region
North America
- U.S
- Canada
- Mexico
Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/1mzhg
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