The Industrial Flooring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Flooring Global Market Report 2024, The industrial flooring market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rise in industrial expansion, increasing demand for safety compliance, demand for chemical resistance, demand to withstand heavy equipment, increase in durability.
The industrial flooring market size is expected to see strong growth in the next few years. It will grow to $9.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for sustainability, growing food and beverage sector, increasing demand in e-commerce and warehousing, rising pharmaceutical and healthcare sectors, rising regulatory changes. Major trends in the forecast period include epoxy resin flooring, polished concrete flooring, anti-static and esd flooring, fast-curing flooring systems, smart flooring.
The increase in demand from the food and beverage sectors is expected to propel the growth of the industrial flooring market going forward. The food and beverage sector involves the processing of foods as well as beverages’ packaging and distribution. The food and beverage industries require industrial flooring to meet the safety and cleanliness standards for manufacturing food and beverages. For instance, in 2021, according to Farm Credit Canada, a Canada-based financial services company, the food manufacturing sector’s revenue increased to $125 billion by 14.8% YoY. Therefore, the increasing demand from the food and beverage sectors will drive the growth of the industrial flooring market.
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The industrial flooring market covered in this report is segmented –
1) By Material Type: Epoxy, Polyaspartic, Polyurethane, Acrylic, Other Material Types
2) By Thickness: Light Duty, Medium Duty, Heavy Duty
3) By End-User Industry: Food And Beverage, Chemical, Transportation And Aviation, Healthcare, Other End-User Industries
Product innovations are the key trends gaining popularity in the industrial flooring market. Major companies operating in the industrial flooring market are focused on developing innovative solutions to strengthen their position. For instance, in September 2021, Topciment, a Spain-based microcement products manufacturing company launched Industtrial, an epoxy micro concrete designed for the industrial flooring market. This product combines the durability of epoxy systems with the decorative qualities of micro concretes, resulting in a new solution. Industtrial, part of Topciment’s high-quality micro concrete range, offers superior hardness, mechanical strength, and impermeability. It is available in a range of granulometries and 16 attractive colors, making it ideal for interior floors and walls in high-traffic areas. This epoxy coating is particularly well-suited for industrial warehouses, garages, gallery floors, and retail spaces, and it exhibits remarkable resistance to various chemical agents.
The industrial flooring market report table of contents includes:
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