Industrial Flooring Market | Covid-19 Impact Analysis

Industrial Flooring Market Insights

Industrial flooring market is likely to witness a significant CAGR of 4.3% during the forecast period. The prime factor contributing to the demand for industrial flooring is the growing awareness about hygiene and stringent regulations enacted by regulatory authorities pertaining to maintenance of safety and hygiene standards in industrial workplaces.

Market Share Analysis

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Industrial Flooring Market Share: By Flooring Material Type

Based on the flooring material type, the market is segmented as concrete, rubber & PVC, epoxy, vinyl, and others. Epoxy to remain the largest material type during the forecast period. Epoxy based floors are durable, strong, chemical resistant, and are compatible with a wide range of base substrate layers. These floors are preferred in industries, warehouses, ad industrial environments requiring high chemical resistance.

Industrial Flooring Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as food & beverages, chemical & pharmaceuticals, mechanical manufacturing, logistics and warehouses, healthcare, and others. Food & beverages to remain the dominant end-use industry during the forecast period. Industrial flooring is critical in the food & beverages industry as meeting hygienic standards are highly important. Stringent regulation by the US Food & Drug Administration (US FDA), the Global Food Safety Initiative (GFSI), the Food Standards Agency (FSA) and the European Food Safety Authority (EFSA) to ensure the highest standard of handling and production will drive the industrial flooring market in food & beverages industry.

Industrial Flooring Market Share: By Region

In terms of regions, North America is estimated to be the largest industrial flooring market during the forecast period. Whereas, emerging countries in Asia-Pacific such as China, India, and Indonesia to grow at the highest rate during the forecast period with the increasing awareness on food and worker safety and with regulations imposed. Food & beverages, automotive, and chemical industries to be the prime drivers for industrial flooring in the region.

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Some of the major industrial flooring manufacturers are-

• Applied Flooring
• BASF SE
• Cornerstone Flooring
• MAPEI S.p.A.
• MarvelVinyls
• RPM International Inc.
• Sika AG
• Stonhard
• The Sherwin-Williams Company
• Twintec Group Limited
• Others

Market Scope & Segmentation

Industrial flooring plays a significant role in safety, productivity, and housekeeping. In recent years, the trend has been changed from conventional cement flooring to dust free monolithic floors. Modern flooring with materials such as epoxy and polyurethane offers aesthetics, durability, quality, functionality, moisture resistance, slip resistance, quick and economic installation, longevity, and eco-friendliness.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The industrial flooring market is segmented into the following categories. 

Industrial Flooring Market Size, Share, & Forecast, by Flooring Material Type:

• Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rubber & PVC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vinyl (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Flooring Market Size, Share, & Forecast, by End-Use Industry Type:

• Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chemical & Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mechanical Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Logistics and Warehouses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Flooring Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].