Industrial Flooring Market: Introduction
Rapid industrialization especially in developing countries have positively influenced the consumption of industrial flooring across various industry verticals. The economies exhibiting substantial growth prospects in Asia such as India and China are expected to be significant consumer of industrial flooring in next decade to follow. Industrial flooring products offer durability and high resiliency suitable to various industrial plants and environment. The industrial flooring products offer impact resistance, abrasion resistance, resistance to heavy load and ease of maintenance. There are various innovative solutions provided by the industrial flooring manufactures that requires low maintenance as compared to other conventional material such as stone, ceramic and wood. Some new product developments in industrial flooring are aimed at cost-effective operation and eco-friendly solutions for industrial flooring. In addition, it has longer life over traditional materials.
Recent developments in polymer technology helped to deliver innovative solutions to various industries. Global manufacturers are now focusing on using different types of resins to manufacturer floor material in order to improve the properties such as chemical resistance, tear and wear, heat resistance and corrosion protection. Polyurethane and epoxy coatings have been used widely to meet the specific industrial flooring requirements. Advance polyurethane flooring is used in chemical and pharmaceutical industry due to excellent resistance to mechanical and thermal stress under high temperature conditions. Epoxy based flooring is used in plants due to ease of cleaning and resistant to chemicals and oil. Growth of various segments such as industrial construction, airports, rail projects, malls, healthcare and SEZs are driving the demand for industrial flooring market. The trend for industrial flooring market is shifting from concrete flooring to environment friendly and polished concrete flooring.
Industrial Flooring: Market Dynamics
Global industrial flooring market is driven by the characteristics and benefits offed by industrial flooring such as easy to install, longevity, economic in cost, slip resistance, functionality, durability, and moisture resistant.
Modernization in every industry has created demand for innovative solutions pertaining to flooring products. Global industrial flooring market is also driven by the growing concern towards improving workplace aesthetics as well. Various manufacturers are taking operational factors into account such as movement and activities taking place within the building premises. Global industrial flooring market is driven by the growth of industrial, commercial and healthcare sectors. Rising urbanization and modernization of industries are the key growth drivers for the global industrial flooring market. In addition, development of innovative construction solutions with the growing demand of sustainable products is a big opportunity for the industrial flooring market. Growing economies such as BRICS nations are expected to be the key driver for the growth of global flooring market in next few years.
Lack of awareness especially among small scale enterprise and low adoption rate of advanced industrial flooring solution are identified as minor restraints to the industrial flooring market.
Industrial Flooring Market: Segmentation
The global industrial flooring market is segmented on the basis of floor type, product type, and applications.
The global industrial flooring market is segmented based on floor type:
The global industrial flooring market is segmented based on resin type:
The global industrial flooring market is segmented based on applications:
Industrial Flooring Market Participants
Global industrial flooring market is marked with the presence of various established, small scale and new entrants across the globe. Apart from manufactures, flooring applicators, specialized contractors and maintenance service providers are also active in this marketplace. Some examples of market participants in industrial flooring market include: Cornerstone Flooring, Polymer International, VIACOR Polymer GmbH, Flowcrete Group Ltd., Sika AG, BASF SE, Twintec, RCR Industrial Flooring, Don Construction Products Ltd., Ecotile LLP, Fosroc, Mapei SPA, 4m-Europe, AcryliCon Flooring Solutions and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.
The report covers exhaust analysis on:
Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.