Global Industrial Flooring Market Analysis and Value Forecast Snapshot by End-use Industry 2019-2025

The latest report on Industrial Flooring Market by Infinium Global Research gives complete coverage of the industrial flooring market by product type (light-duty (<300 micrometers), medium-duty (300 micrometer - 4mm)), material type (epoxy, polyaspartic, concrete, anhydrite, methyl methacrylate (MMA)), application (automotive, food & beverage, energy & power) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of industrial flooring such as North America, Europe, Asia-Pacific, and Latin America over the short run and long run.

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Industrial flooring Market: Industry Insight

The market is pulsating with flooring products for industrial applications and companies are constantly upgrading their offerings to meet the growing demand in various segments such as airports, Metro-Rail projects, shopping malls, IT parks, and special economic zones. Project scales, especially with respect to industrial and commercial flooring have increased dramatically in recent times.

The industrial flooring market is a fragmented market. The key players in the industrial flooring market are BASF SE, Sika AG, Mapei U.K. Ltd., Fosroc, Inc., PPG Industries, Inc., Teknos Group, Akzo Nobel N.V., Sherwin-Williams Company, and Lubrizol Corporation among others.

Industrial flooring Market: Drivers and Restraints

The growing industrialization acts as a major driver for the growth of the industrial flooring market. Additionally, the expansion of the food and beverage industries in the Asia Pacific has especially created a huge demand for industrial flooring. Furthermore, the increasing safety concerns in production units have increased the usage of industrial flooring. Furthermore, the growth of several small and medium scale industries have led to a significant increase in the use of industrial flooring. However, inadequate awareness about the benefits of industrial flooring is likely to hamper the growth of the industrial flooring market. Moreover, bringing upgradations in the product offerings is anticipated creating fruitful opportunities for the players in the industrial flooring market.

Industrial flooring Market: Segmentation

The report on the global industrial flooring market is bifurcated into product type, material type, and application. Based on Product Type, the markets are further bifurcated into light Duty (>300μm), Medium Duty (300μm – 4mm), and Heavy Duty (>4mm). Based on material type, the markets are further divided into the Epoxy, Polyaspartic, Polyurethane, Concrete, Anhydrite, and Methyl Methacrylate (MMA). Among these applications, the epoxy segment holds the largest share in the industrial flooring market. Epoxy floor coatings are commonly used for commercial and industrial flooring. Epoxy coatings are normally applied over concrete floors to provide a high-performance, smooth, and durable surface that can last many years and withstand heavy loads. Based on applications, the markets are further classified into automotive, aircraft, paper & pulp, food & beverage, energy & power, chemical & pharmaceutical, and healthcare. Among these applications, the food and beverage segment held a major market share in the industrial flooring market in 2017 owing to the high safety and quality requirement in the F&B sector.

Industrial flooring Market: Regional Insight

The Asia Pacific holds the largest share in the global industrial flooring market. China is the key country that contributes to the largest revenue in the Asia Pacific industrial flooring market owing to its rapid level of industrialization in recent years. In addition, favorable government funding for small and medium companies in India also contributes to the growth of the industrial flooring market. Furthermore, Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to the growing food and beverage sector in this region.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-industrial-flooring-market

Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the industrial flooring.
  • Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market.
  • The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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