Industrial Flooring Market: Current Analysis and Forecast (2022-2028)

The global industrial flooring market is likely to showcase a growth of around 5% during the forecast period. The strong load bearing and abrasion resistance flooring is one of the important factors which can play a crucial role in deciding the facility's operational performance. Companies decide what type of flooring they require based on their types of operations. The performance of the industrial flooring market is highly linked with construction activities and over the years, the construction industry has showcased significant growth owing to increasing investment in the infrastructure sector. However, the global construction industry faced a severe downfall in 2020 owing to halted construction activities in the light of COVID-19 which eventually had a negative impact on the industrial flooring market. In addition, the fluctuating raw material price due to volatile hydrocarbon prices, and the construction industry crisis in China, the largest construction industry, has also impacted the market.

However, it is expected that as the global economy started showing recovery, the construction industry is also showing an upward trend, eventually, fueling the market for industrial flooring.

Insights Presented in the Report:

"Amongst type, epoxy held a prominent share in the market in 2020"

Based on type, the market is categorized into epoxy, polyaspartic, polyurethane, acrylic, and others. Among these, epoxy held a prominent share of the market. Long-lasting for up to 30 years in light conditions and up to 20 years in heavy industrial operations along with the ability to handle industrial hazards like cracking, abrasion, corrosion, temperature extremes, and chemical spills, are some of the benefits of using epoxy flooring owing to which consumers preferred it over conventional concrete flooring.

"Amongst end-user, food & beverage accounted for a significant share in 2020"

Based on end-user, the market is categorized into food & beverage, chemical, transportation, healthcare, and others. Among these, the food & beverage industry held a significant position in the market. In the food & beverage industry, conventional flooring like concrete does not meet the requirement due to the acidic nature of vegetable oils, animal fats, sugars, and dairy products among others. In addition, the industry operates at high-volume operating conditions, thus requiring advanced flooring structure.

"Asia-Pacific is expected to retain its position during the forecast period"

For a better understanding of the market adoption of Industrial Flooring, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific held a significant share of the industrial flooring market in 2020 and is expected to retain its position during the forecast period. This can be attributed to the large industrial sector in the region, especially in countries like China, India, Japan, and South Korea. Moreover, increasing industrialization along with the shifting of manufacturing facilities from western economies to regional countries is creating demand for industrial flooring.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

The study comprehensively covers the market across different segments

Deep dive country-level analysis of the industry

Customization Options:

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