Global Industrial Flooring Market Size, Share, Analysis - Segmented by Resin Type, Flooring Material, End-Use Industry and Geography - Growth, Trends, and Forecast (2022 - 2030)
The Global Industrial Flooring Market is estimated to witness a moderate growth during the forecast period, 2018-2023. Infrastructure development on manufacturing facilities will drive the flooring market growth along with necessity for floor protection coupled with rising demand for efficient and visually appealing floorings.
Increase in need to protect floors in manufacturing facilities
The manufacturing industries are showing substantial growth in both developed and developing countries. Germany, U.K, U.S., China and even emerging economies such as India, Malaysia, Indonesia, Brazil, etc. are witnessing continuous investments in developing infrastructure for manufacturing facilities. Strict regulations related to worker safety and product hygiene are already in place in developed nations. As a result, companies have to adopt advanced flooring systems in order to keep the floors from getting degraded and damaged and also maintain the hygiene. Different government bodies such as USDA, FDA and EU have layed down rules and regulations and standards in the workplace. In the emerging nations such as India, Vietnam, Malaysia and Indonesia, strict regulations are currently being implemented. As a result, the installation of advanced flooring system would become necessary. This would also help the companies in maintaining safety standards keeping maintenance costs low.
Food & Beverage industry to show improved demand for industrial floorings
The global food & beverages industry has been growing at a healthy rate in recent times. The ever-increasing global population, supported by their improved purchasing power is driving factors for the growth of food & beverage industry. As a result, more and more facilities for food & beverage are being constructed or expanded. During the manufacturing process of food and beverage products, many chemicals are used. Acidic material such as citric acid can damage the floor over an extended period of time. This could increase the chances of accident. Moreover, due to more health awareness amongst the masses, companies in the food & beverage industry are focusing on hygiene and cleanliness during production. Antimicrobial polyurethane or resin based flooring are being installed so that the production process remains devoid of any harmful additives. These flooring materials are able to resist extreme variations in temperature along with chemicals and are also easily washable and dry quickly post wash. In addition to this, a number of regulations have been laid down by different government bodies such as USDA, FDA, and EU with regards to maintaining the hygiene standards in the workplace to avoid contaminating food. Hence, the food & beverage industry will continue to remain one of the main end users in the industrial flooring market
Asia-Pacific to witness the highest growth rate in the Industrial Flooring Market
Asia-Pacific is estimated to witness a healthy growth over the assessment period in Industrial Flooring Market. Countries such as China, Japan, Taiwan, South Korea and India are manufacturing hubs for many industries ranging from automotive to building & construction. Global players are shifting their manufacturing bases to Asia-Pacific region due to availability of cheap raw materials and labor. Food & beverage industry is also seeing a substantial growth due to the ever-increasing population in the region along with their improved purchasing power. Safety regulations related to manufacturing are being strictly implemented which will further drive the need for industrial flooring.
Key Developments in the Industrial Flooring Market
October 2017: BASF SE launched Ucrete polyurethane flooring system at the China International Meat Industry Exhibition (CIMIE) 2017. The product provides hygienic coating that improves food safety and flooring durability..
June 2017: Flowcrete acquired Elmico, a high-tech manufacturer of polyurea waterproofing systems as well as epoxy and polyurethane polymer flooring systems, based in Oslo, Norway.
December 2016: BASF launched Ucrete MF40AS industrial flooring system on the European market. The product offers many advantages in terms of a safe and aesthetic working environment, robustness and durability.
Industrial Flooring Market Major Players
BASF SE
PPG Industries, Inc.
The Sherwin-Williams Company
Akzo Nobel N.V.
RPM International Inc.
3M Company
DOW Chemical Company
Lubrizol Corporation
Milliken & Company
Michelman Inc.
Reasons to Purchase Industrial Flooring Market Report
An understanding of the current market dynamics and growth opportunities.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating application in the global industrial flooring market.
Region & countries expected to witness fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)
Customization of Industrial Flooring Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs.
Increase in need to protect floors in manufacturing facilities
The manufacturing industries are showing substantial growth in both developed and developing countries. Germany, U.K, U.S., China and even emerging economies such as India, Malaysia, Indonesia, Brazil, etc. are witnessing continuous investments in developing infrastructure for manufacturing facilities. Strict regulations related to worker safety and product hygiene are already in place in developed nations. As a result, companies have to adopt advanced flooring systems in order to keep the floors from getting degraded and damaged and also maintain the hygiene. Different government bodies such as USDA, FDA and EU have layed down rules and regulations and standards in the workplace. In the emerging nations such as India, Vietnam, Malaysia and Indonesia, strict regulations are currently being implemented. As a result, the installation of advanced flooring system would become necessary. This would also help the companies in maintaining safety standards keeping maintenance costs low.
Food & Beverage industry to show improved demand for industrial floorings
The global food & beverages industry has been growing at a healthy rate in recent times. The ever-increasing global population, supported by their improved purchasing power is driving factors for the growth of food & beverage industry. As a result, more and more facilities for food & beverage are being constructed or expanded. During the manufacturing process of food and beverage products, many chemicals are used. Acidic material such as citric acid can damage the floor over an extended period of time. This could increase the chances of accident. Moreover, due to more health awareness amongst the masses, companies in the food & beverage industry are focusing on hygiene and cleanliness during production. Antimicrobial polyurethane or resin based flooring are being installed so that the production process remains devoid of any harmful additives. These flooring materials are able to resist extreme variations in temperature along with chemicals and are also easily washable and dry quickly post wash. In addition to this, a number of regulations have been laid down by different government bodies such as USDA, FDA, and EU with regards to maintaining the hygiene standards in the workplace to avoid contaminating food. Hence, the food & beverage industry will continue to remain one of the main end users in the industrial flooring market
Asia-Pacific to witness the highest growth rate in the Industrial Flooring Market
Asia-Pacific is estimated to witness a healthy growth over the assessment period in Industrial Flooring Market. Countries such as China, Japan, Taiwan, South Korea and India are manufacturing hubs for many industries ranging from automotive to building & construction. Global players are shifting their manufacturing bases to Asia-Pacific region due to availability of cheap raw materials and labor. Food & beverage industry is also seeing a substantial growth due to the ever-increasing population in the region along with their improved purchasing power. Safety regulations related to manufacturing are being strictly implemented which will further drive the need for industrial flooring.
Key Developments in the Industrial Flooring Market
October 2017: BASF SE launched Ucrete polyurethane flooring system at the China International Meat Industry Exhibition (CIMIE) 2017. The product provides hygienic coating that improves food safety and flooring durability..
June 2017: Flowcrete acquired Elmico, a high-tech manufacturer of polyurea waterproofing systems as well as epoxy and polyurethane polymer flooring systems, based in Oslo, Norway.
December 2016: BASF launched Ucrete MF40AS industrial flooring system on the European market. The product offers many advantages in terms of a safe and aesthetic working environment, robustness and durability.
Industrial Flooring Market Major Players
BASF SE
PPG Industries, Inc.
The Sherwin-Williams Company
Akzo Nobel N.V.
RPM International Inc.
3M Company
DOW Chemical Company
Lubrizol Corporation
Milliken & Company
Michelman Inc.
Reasons to Purchase Industrial Flooring Market Report
An understanding of the current market dynamics and growth opportunities.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating application in the global industrial flooring market.
Region & countries expected to witness fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)
Customization of Industrial Flooring Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Please Select a Format
