Fastest growing segment of Industrial Flooring Market

The global Industrial Flooring Market is estimated to be valued at US$ 9.5 Bn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Industrial flooring products provide protection, barrier and durability in manufacturing facilities and warehouses. Polymers, concrete and terracotta tiles are commonly used industrial flooring materials owing to their chemical and abrasion resistance, non-porous nature eliminating bacteria and moisture.

Market key trends:

One of the key trend gaining traction in the industrial flooring market is the rising demand for green and sustainable flooring solutions. Manufacturers are focusing on developing eco-friendly flooring materials which are durable and also minimize the environmental impact. For instance, some players offer commercial vinyl composite tile flooring made from recycled materials reducing waste generation. These sustainable floors meet various green building standards and are cost effective over the lifespan of the floor.

Segment Analysis:

The global industrial flooring market is dominated by the epoxy segment which accounts for more than 30% of the total market share. Epoxy flooring has emerged as the preferred choice among end-users due to its high abrasion and chemical resistance, which makes it suitable for heavy traffic areas and environments with chemical spills. It also offers high mechanical strength that allows it to withstand heavy loads from forklifts and other machinery used in industrial settings.

Key Takeaways:

The Global Industrial Flooring Market Demand is expected to witness high growth, exhibiting CAGR of 4.4% over the forecast period, due to increasing demand from industries such as automotive, food and beverage, chemical and healthcare.

Regional analysis: Europe dominates the global industrial flooring market with over 30% share, due to strong presence of automotive industry in Germany. Asia Pacific exhibits the fastest growth on account of rapid industrialization and expansion of manufacturing sector in China and India.

Key players analysis: Key players operating in the industrial flooring market 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. BASF SE and Sika AG dominate the global market share due to their wide product portfolio and strong distribution network across major regions.

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