Performance Flooring Market is Forecasted to Reach US$ 7.8 Billion by 2028, Says Stratview Research

The global performance flooring market is projected to witness a growth rate of 4.6% annually from 2023 to 2028, with an anticipated size of  US$ 7.8 by 2028, according to an analysis by Stratview Research

Stratview Research, a global market research firm has launched a report on the global performance flooring market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Market Size in 2028: US$ 7.8 Billion

Growth (CAGR): 4.6 % during 2023-2028

Leading Material Type: Epoxy

Leading Application Type: industrial manufacturing

Leading End-User Type: industrial

Leading Region: Europe

Forecast Period: 2023-2028

Trend Period: 2017-2020

Base Year: 2022

Number of Segments Covered: 4

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Performance Flooring Market:

The global performance flooring market is segmented based on material type, application type, end-user type and region.

Based on Material type –

• The market is classified as epoxy, PU resin, PU cement, MMA, and others. Due to its extensive use, epoxy currently held the largest share of the market and is estimated to maintain its dominance in the foreseen future
• MMA currently holds a minuscule share and is an expensive option for several industries. However, the material type is anticipated to witness the fastest growth in the years to come.

Based on the Application type -

• The market is classified as food & beverage, healthcare, automobile manufacturing, industrial manufacturing, and others. Among these applications, industrial manufacturing was the biggest demand generator for performance flooring in 2022, due to its large utility paired with a higher preference for performance flooring over other flooring options.

Based on the End-User type –

• The market is divided into industrial and residential & commercial segments. The industrial segment is expected to lead the market during the forecast period, owing to increasing industrial activities after the COVID-19 impact.

 To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

• Europe was the dominant market for performance flooring in 2022, with countries such as Germany, France, and the UK, being the growth engines of the regional market. In Europe, several rules and regulations have acted as a buoyant force to keep the performance of flooring manufacturing afloat. In addition to that, in order to ensure healthy growth, various firms have teamed up for upcoming construction or flooring programs.
• Asia-Pacific is likely to witness the fastest growth during the forecast period, due to the growing demand in the economies like China, Japan, and India. There are several domestic companies for performance flooring scattered in the region.

Performance Flooring Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing demand for durable surfaces in high-traffic commercial spaces- Performance flooring offers superior wear resistance and longevity, reducing replacement costs for retail stores, offices, and public facilities.
• Rising sports infrastructure investments globally- Increasing construction of sports facilities and fitness centers drives demand for specialized flooring that enhances athlete safety and performance.
• Stringent safety regulations in industrial and healthcare sectors- Regulatory requirements for slip-resistant, antimicrobial, and fire-retardant flooring boost adoption in factories, hospitals, and laboratories.
• Expansion of e-commerce and warehousing facilities- Growth in logistics infrastructure creates demand for heavy-duty flooring that withstands forklift traffic and heavy loads.
• Consumer preference for sustainable and low-maintenance flooring- Eco-friendly materials and easy-to-clean surfaces appeal to environmentally conscious buyers seeking long-term cost savings.

Competitive Landscape: Top Companies in the Performance Flooring Market:

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.

The following are the key players in the performance flooring market:

• Sika AG
• Covestro Group
• The Sherwin-Williams Company
• BASF SE
• PPG Industries, Inc.
• Jotun
• RPM International Inc.
• Ardex group

Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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