February 19, 2025
Industrial Flooring Market

Rising Demand for Sustainable and Durable Flooring materials is anticipated to openup the new avenue for Industrial Flooring Market

The Industrial Flooring Market is estimated to be valued at US$ 9.5 Bn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Industrial flooring includes materials such as epoxy flooring, polyaspartic flooring, vinyl flooring, polyurethane flooring, and etc. which are installed in industrial spaces like manufacturing plants, warehouses, hangars, and workshops. These flooring materials provide high durability, slip-resistance, chemical resistance, are easy to clean and maintain. They effectively withstand heavy foot traffic, mechanical loads, impacts, and other harsh conditions. Epoxy flooring is widely used for its high strength, chemical resistance, and aesthetic appeal. Polyurethane flooring offers great mechanical strength, durability, and flexibility.

Market Dynamics:
The growth of the industrial flooring market is driven by the expansion of manufacturing and construction industries globally. Expansion and investment in manufacturing plants by major companies along with ongoing infrastructure development projects in emerging economies are fueling the demand for industrial flooring. Also, the rising requirement for low maintenance and easy to clean flooring surfaces in industrial facilities is propelling the market growth. Furthermore, increasing adoption of slip-resistant and dust-proof floors in industrial spaces to ensure workplace safety is supporting the industrial flooring market.

Segment Analysis
Industrial Flooring Market is broadly segmented into cement, resin, wood and others. Among these, cement segment holds the largest market share of around 45% owing to its excellent chemical and abrasion resistance properties as well as cost effectiveness compared to other segments. Resin segment is expected to witness fastest growth over the forecast period due to its superior characteristics such as high mechanical strength, high resistance to impact, wear and tear, non-porous, seamless and hygienic properties which make it suitable for applications in the food & beverages and pharmaceutical industries.

PEST Analysis
Political: Stringent regulations regarding occupational health and safety in industrial facilities by regulatory bodies like OSHA has augmented the demand for durable and anti-static industrial flooring solutions.
Economic: Growth of end use industries like automotive, food processing, warehousing etc. is driving investments in infrastructure development and upgrade of industrial flooring systems.
Social: Increasing awareness about hygienic industrial environments and importance of accident-free industrial spaces has propelled the adoption of advanced industrial flooring materials.
Technological: Development of innovative resin formulations offering better chemical resistance, slip resistance and high traffic bearing capacity without joints and seams are helping manufacturers develop superior industrial flooring options.

Key Takeaways
Global Industrial Flooring Market Demand is expected to witness high growth, exhibiting CAGR of 4.4% over the forecast period, due to increasing investments in infrastructure upgrade and modernization of industrial facilities. The market size for Industrial Flooring is estimated to reach US$ 13.3 Bn by 2030 from US$ 9.5 Bn in 2023.

Regional analysis: Asia Pacific dominated the global market in 2023 with over 35% share owing to thriving manufacturing sector and strong economic growth in countries like China, India etc. It is expected to maintain its dominance over the forecast period with highest incremental $ opportunity.

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, Twintec, Acrylicon, Cornerstone Flooring, Applied Flooring, AVCON Technics Pvt. Ltd., 4m Europe, and East Coast Flooring Ltd. Key players are focusing on development of sustainable solutions with advanced properties to consolidate their position in the competitive market landscape.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →