Global Industrial Flooring Market Size By Resin Type, By Flooring Material, By End-Use Industry, By Geographic Scope And Forecast

Industrial Flooring Market Size And Forecast

Industrial Flooring Market size was valued at USD 5.99 Billion in 2021 and is projected to reach USD 8.83 Billion by 2030, growing at a CAGR of 4.40% from 2023 to 2030.

Stringent government regulations about workplace safety & hygiene by various regulatory bodies and rapid industrialization in emerging economies are expected to drive the Industrial Flooring Market growth during the forecasted period. The Global Industrial Flooring Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Industrial Flooring Market Definition

Industrial flooring plays an important role in safety, productivity, and housekeeping across various industries. Industrial flooring provides trouble-free movement of the machine, material, man, and material-handling equipment. It offers several benefits to the floor, such as chemical resistance, flammability, and fire safety, wear (abrasion) resistance, and hygienic/anti-bacterial. Industrial flooring is also useful for damaged floor surfaces that can enhance hygiene and safety, and reduce the overall cost of repair.

Various regulatory bodies across the globe, such as USDA, FDA, and EU, have laid down multiple rules and regulations and standards to be followed at the workplace. It is crucial to adhere to these regulations by all the industries. Based on the resin type, the market is classified into Epoxy, Polyaspartic, Polyurethane, Acrylic, and Others. Based on the flooring material, the market is bifurcated into Concrete, Wood, Mortar, and Others. Based on the end-use industry, the market is sub-divided into Food & Beverage, Chemical Industry, Transportation & Aviation, Healthcare, and Others.

Global Industrial Flooring Market Overview

Stringent government regulations about workplace safety & hygiene by various regulatory bodies and rapid industrialization in emerging economies are expected to drive the Industrial Flooring Market growth during the forecasted period. Also, the high adoption of industrial flooring across emerging countries and the growing manufacturing industries expects a boost to the market in the coming years. Additionally, the high growth of industrial & commercial construction industries worldwide and maintenance of hygiene & safety in pharmaceutical & biotechnology industries are anticipated to fuel the market over the predicted years. Some limitations and difficulties may prevent the market from expanding. The higher cost of flooring is likely to act as a market restraint.

Global Industrial Flooring Market Segmentation Analysis

The Global Industrial Flooring Market is Segmented on the basis of Resin Type, Flooring Material, End-Use Industry, And Geography.

Industrial Flooring Market, By Resin Type

• Epoxy
• Polyaspartic
• Polyurethane
• Acrylic
• Others

Based on the Resin Type, The market is bifurcated into Epoxy, Polyaspartic, Polyurethane, Acrylic, and Others. The Epoxy segment is expected to hold the largest market share. The factors can be attributed to its superior properties like resistance to chemicals & solvents, flexibility, impact resistance, and high adhesion.

Industrial Flooring Market, By Flooring Material

• Concrete
• Wood
• Mortar
• Others

Based on the Flooring Material, The market is bifurcated into Concrete, Wood, Mortar, and Others. The concrete segment is predicted to hold the most significant CAGR in the forecasted period due to factors such as lower cost of concrete, high tensile strength, and superior durability.

Industrial Flooring Market, By End-Use Industry

• Food & Beverage
• Chemical Industry
• Transportation & Aviation
• Healthcare
• Manufacturing
• Others

Based on the End-Use Industry, The market is bifurcated into Food & Beverage, Chemical Industry, Transportation & Aviation, Healthcare, Manufacturing, and Others. The Manufacturing segment is anticipated to hold the largest market share. The factors can be credited for a rise in manufacturing activities and the number of production plants.

Industrial Flooring Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Regional Analysis, The Global Industrial Flooring Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to the easy availability of cheap labor and the growing industrial, automotive, infrastructural & construction, and marine industries in this region.

Key Players

The "Global Industrial Flooring Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF SE, PPG Industries, Inc., The Sherwin-Williams Company, Akzo Nobel N.V., and RPM International Inc. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• On August 5, 2021, The Verbund location in Nanjing, China, which is run by BASF-YPC Co, Ltd. (BASF-YPC), a joint venture between BASF and SINOPEC, will be expanded, the two firms said. Several low-yielding chemical factories, notably a new tert-butyl acrylate factory to serve the expanding Chinese market, are having their power increased. In addition to creating a new tert-butyl acrylate facility, the partners will expand the production of propionic acid, propionic aldehyde, ethyleneamines, ethanolamines, and refined ethylene oxide. This cutting-edge production process will be employed outside of Germany for the first time at the tert-butyl acrylate plant, which will be a river extension employing acrylic acid and readily available Verbund isobutene as feedstock. By 2023, new and expanded plants should be distributed.
• On August 2, 2021, PPG (NYSE: PPG) announced the completion of a $ 15 million investment at its Sylmar production facility in California to boost the development and production of transparent aviation technology for military aircraft systems, including the emergence of Lockheed Martin's F-35 aircraft carrier.
• On July 27, 2021, Mercedes-Benz and AkzoNobel agreed to extend their partnership agreement for another four years. It means that the company will continue to be a recommended supplier of car paint products and services in China and our favorite partner in Indonesia. This agreement was confirmed after extensive testing and analysis of the products and services offered by the premium product AkzoNobel Sikkens.