Global Market Study on Industrial Floorings: Healthcare Application Segment Anticipated to Witness a Moderate CAGR During 2016–2024


  • Published On : Apr-2017 |
  • Pages : 177 Pages |
  • Format :

Persistence Market Research in the report ‘Industrial Flooring Market: Global Industry Analysis and Forecast, 2016–2024’ has profiled the global industrial flooring market and given its valuable insights. The global industrial flooring market has been exhaustively studied on the basis of a number of important metrics and the analysts have provided their expert opinion on current and future developments that can be reasonably expected in the global industrial flooring market by the end of the forecast period.

The market dynamics section would be a good place to begin reading the global industrial flooring market report. This is where the macroeconomic factors that could potentially impact the global industrial flooring market are mentioned. The major drivers and restraints are extensively covered, along with the opportunities that can be tapped in the global industrial flooring market. Some of the important trends that can be anticipated in the global industrial flooring market over the study period complete this vital section of the report.

The global industrial flooring market report begins with an executive summary that is a succinct yet comprehensive first glance at the global industrial flooring market. The executive summary highlights the most relevant data and information pertaining to the global industrial flooring market such as CAGR, market volume, market value, and the largest geographic region and segment of the global industrial flooring market. The executive summary also suggests the application areas and geographic regions to target along with the business strategy to be adopted to achieve success in the global industrial flooring market. The executive summary is followed by an introduction that is essentially a definition of the global industrial flooring market taxonomy on the basis of product type, material type, application and geographic regions.

Market Segmentation

By Product Type

  • Light Duty (<300μm)
  • Medium Duty (300um-4mm)
  • Heavy Duty (>4mm)

By Material Type

  • Epoxy
  • Polyaspartic
  • Polyurethane
  • Concrete
  • Anhydrite
  • Methyl Methacrylate (MMA)

By Application

  • Automotive
  • Aircraft Hanger
  • Pulp & Paper
  • Food & Beverage
  • Energy & Power
  • Chemical & Pharmaceutical
  • Healthcare

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

The global industrial flooring market has been divided into five geographic regions. Each region has its own dedicated section wherein the Basis Points Share, Y-o-Y growth projections and market attractiveness for each country provides an extremely holistic approach. The market size forecast for prominent countries along with the regional industrial flooring market analysis on the basis of product type, material type and application particular to each region helps key stakeholders decide which region they wish to focus upon in the global industrial flooring market.

An important section of the global industrial flooring market report is the analysis and forecast section. The global industrial flooring market has been comprehensively covered on the basis of the taxonomy i.e. by product type, material type, and application. The Basis Points Share, Y-o-Y growth analysis and market size for each is profiled and the market attractiveness for each segment would assist key stakeholders immensely if they wish to only target a specific section as opposed to taking a scattershot approach to the global industrial flooring market.

Another section that could be read in tandem with the above one is the market analysis scenario. This is where the overall volumes of the global industrial flooring market have been studied along with an in-depth analysis of two of the most critical components of manufacture – pricing and cost. A teardown analysis of the latter provides an easy-to-understand breakup of the raw material cost, labor and energy cost, producer’s margin, and other costs that must be accounted for such as local taxes or duties. The global industrial flooring market value chain touches upon the relationship between the three primary components such as the raw material suppliers, industrial flooring market players, and the end user industries i.e. final consumers.

The global industrial flooring market is one of the most competitive and hence it would pay to understand the competition. There is an entire section specifically devoted to competition analysis where 15 of the most relevant players in the global industrial flooring market have been profiled. The company details, a brief overview and description, key financials, revenue, Y-o-Y growth and net margins are provided for each company. A through SWOT analysis, business strategy adopted and major developments pertaining to the company are invaluable for readers.

The analysts have made certain assumptions while preparing the global industrial flooring market report and have also used a few acronyms for the sake of simplicity. To eliminate any sort of confusion, these have been detailed in a dedicated section and readers would be advised to glance at this section at least once while reading through the rest of the report.

Unique, Best-in-class Research Methodology

Persistence Market Research has come up with a revolutionary research methodology that has been deployed to prepare the global industrial flooring market report. The analysts begin by conducting exhaustive primary and secondary research to formulate a detailed discussion guide. A list that includes all the manufacturers, distributors, retailers and industry experts is created. These industry players are interviewed to gather the necessary data, which is then validated using the triangulation method wherein primary and secondary research is combined with Persistence Market Research expert analysis. The final data is thoroughly scrutinized using advanced, proprietary tools to acquire all the required qualitative and quantitative insights into the global industrial flooring market.

Food & Beverage industry to show continued demand for industrial floorings during the next eight years

The food & beverage industry has shown substantial growth in countries as diverse as Germany, U.K, U.S. and even emerging economies such as China and India. During the manufacturing process of food and beverage products, acidic material such as citric acid can damage the floor and also degrade the concrete over an extended period of time. This could certainly increase the chances of an accident leading to loss of life or limb. Apart from this, companies in the food & beverage industry such as Heinz, Heineken and PepsiCo are focusing on the use of particular flooring material types such as antimicrobial polyurethane or resin based flooring. 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 and safety standards in the workplace, mainly to avoid contaminating food. Materials such as polyurethane and epoxy comply with all the requirements of the regulatory authorities along with those stipulated by the food & beverage industry. Thus, the food & beverage industry will continue to remain one of the main end users in the industrial flooring market.

Food & Beverage segment to register the highest value and volume CAGR among all application segments

The Food & Beverage application segment of the global industrial flooring market is anticipated to present an incremental dollar opportunity of almost US$ 1 Bn between the period 2016 and 2024. The Food & Beverage segment is predicted to expand at a CAGR of 5% in terms of value over the forecast period, making it worth nearly US$ 3.1 Bn by the end of 2024, from just over US$ 2 Bn in 2016. Strict regulations in both developed and developing regions of the world concerning the processing of food products as well as industrial safety measures will ensure the continued demand for industrial flooring.

industrial flooring market

Workplace hygiene and safety regulations in the food & beverage industry are key drivers for segmental revenue growth

Industrial flooring necessitates improved hygiene, prevention of hazardous emissions, worker safety and floor surface durability from both mechanical as well as dynamic thermal stress. As per the U.S. Department of Labor, almost half of all workplace fatalities can be attributed to simple slips or falls. The industrial flooring market will help substantially in minimizing the accident rate as it provides anti-slip flooring material. According to E.U. regulations 852/2004, 853/2004 and 854/2004, the food industry floor surface has to be clean, properly disinfected and the floor material should be non-absorbent, easy to wash and made of non-toxic materials to maintain a high standard of hygiene and safety. As per the U.S Food and Drug Administration, all the manufacturing standards concerned with safety and hygiene have been given to food & beverage manufacturers.

Low level of product awareness is a major barrier in the global industrial flooring market

One of the major factors hampering the growth of the global industrial flooring market is the lack of awareness with regards to the material selection, thickness range and the lack of skilled labor for application in specific use cases in the global industrial flooring market. For e.g., if a wrong material is chosen for a specific flooring operation or if the flooring thickness is kept below 1mm for the purpose of heavy duty operations, it is almost certain that the flooring will get damaged in due course.

Company Profiles

  • BASF SE
  • Sika AG
  • RPM International Inc.
  • Mapei U.K. Ltd.
  • Fosroc
  • Don Construction Products Ltd.
  • Cipy Polyurethanes Pvt Ltd.
  • Viacor Polymer GmBH
  • Twintec
  • Acrylicon
  • Cornerstone Flooring
  • Applied Flooring
  • AVCON Technics Pvt. Ltd.
  • 4m Europe
  • East Coast Flooring Ltd.
  • Others
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