Industrial flooring provides heavy-duty strength and durability to withstand heavy loads and intensive traffic within manufacturing facilities, warehouses, and commercial spaces. Epoxy flooring, rubber flooring, concrete flooring, and polyurethane flooring are commonly used industrial flooring materials owing to their high mechanical strength, resistance to chemical attacks, and long service life.
The global industrial flooring market is estimated to be valued at US$ 9.5 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the industrial flooring market size is accelerated by increased durability as industrial flooring is exposed to extensive foot traffic, heavy loads of machinery and equipment, accidental spills of hazardous chemicals, and weather elements on a daily basis. Epoxy flooring is highly preferred for industrial applications due to its high mechanical strength and resistance to harsh chemicals. Epoxy floors can withstand heavy loads up to 650 pounds per sq. inch and are unaffected by chemicals such as acids, alkalis, solvents, and oils, offering longevity of over 30 years. The enhanced durability of industrial flooring helps minimize repairs and maintenance costs while ensuring continuous operations within industrial facilities over an extended lifespan.
Segment Analysis
The global industrial flooring market is dominated by the epoxy sub-segment, accounting for nearly 30% share in 2024. Epoxy floors offer various advantages such as high mechanical strength, chemical & moisture resistance, durability, and ease of cleaning. These properties make epoxy floors highly suitable for use in production facilities, warehouses, commercial spaces, and heavy traffic areas.
Key Takeaways
The global industrial flooring market is expected to witness high growth over the forecast period of 2023 to 2030. The global industrial flooring market is estimated to be valued at US$ 9.5 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023-2030.
Regional analysis
The Asia Pacific region held the largest share of the global industrial flooring market in 2024. Rapid industrialization and growth of the manufacturing sector in China, India, Indonesia, and other Asian countries has been driving the demand for industrial flooring in the region. Moreover, emerging economies in Asia Pacific provide cost-competitive manufacturing environment attracting international companies to set up production plants, thus propelling the sales of industrial floorings.
Key players
Key players operating in the industrial flooring market are BASF SE, Sika AG, RPM International Inc., Mapei U.K. Ltd., Fosroc, Don Construction Products Ltd., Cipy Polyurethanes Pvt Ltd., Viacor Polymer GmBH.
Get more insights on this topic: https://www.newsstatix.com/industrial-flooring-market-share-and-opportunity-analysis-2023-2030/
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