About Industrial Flooring-
Industrial flooring is typically used to improve the aesthetic appeal of the floor by offering a variety of bespoke designs, as well as improving the texture and color. They are simple to maintain, long-lasting, antibacterial, and resistant to a variety of environmental variables. Industrial flooring also has waterproof and slip-resistant qualities, making it ideal for use in tough industrial situations. They're typically seen in commercial settings including fitness centers, workplaces, manufacturing plants, and hospitality establishments. For industrial coating, the resin material is used for the coating. This is designed to meet the most stringent chemical and corrosion resistance requirements in the industry. It is constructed of polymer materials, which produce the most durable coatings.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
The global industrial flooring market is highly fragmented in nature, with the top players accounting for the overall market in terms of revenue. Some major players in the market (not in any particular order) include Sika AG, RPM International Inc., Akzo Nobel NV, MBCC Group, and Nippon Paint Holdings Co. Ltd. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Industrial Flooring- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sika AG (Switzerland), BASF SE (Germany), MBCC Group (Germany), Mapei U.K. Ltd. (United Kingdom), Fosroc (United Kingdom), Flowcrete Group Ltd. (United Kingdom), Twintec Group Limited (United States), VIACOR Polymer GmbH (Germany), Rock Floor Indonesia (Indonesia) and Cipy Polyurethanes Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Alfatama, PT (Indonesia), Revology Indonesia, CV (Indonesia) and PT Pardic Jaya Chemicals (Indonesia).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Flooring- market by and Region.
On the basis of geography, the market of Industrial Flooring- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Thickness, the sub-segment i.e. Light Duty will boost the Industrial Flooring- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flooring Type, the sub-segment i.e. Concrete will boost the Industrial Flooring- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coating Material, the sub-segment i.e. Epoxy will boost the Industrial Flooring- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use Industry, the sub-segment i.e. Chemical will boost the Industrial Flooring- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from the F&B Industry and Growing Epoxy coating demand
Market Growth Drivers:
Increase in the necessity for industrial flooring in industrial facilities and The increasing adoption in the Asia-Pacific region
Challenges:
Fluctuations in Price of Raw Material
Restraints:
Lack of Skilled Manpower and Awareness for Selection of Material
Opportunities:
Increasing rapid industrialization and growing manufacturing industries, Rising implementation of rules and regulations regarding the safety and hygiene and The rise in industrial flooring adoption can be related to the requirement for workplace safety and the need to extend the life of the concrete flooring beneath the industrial flooring
Market Leaders and their expansionary development strategies
In December 2019- Mauvilac Industries Limited (Africa), a paint and coatings manufacturer, was acquired by AkzoNobel. Mauvilac Industries' local manufacturing facilities, four concept stores, and a strong distribution network have all been acquired as part of this endeavor. This strategic approach should help AkzoNobel expand its presence in Sub-Saharan African markets.
In Feb 2022- BASF's Baxxodur amine-based curing solutions distributor for Brenntag Specialties will be exclusive to the United States and Canada. The arrangement, which goes into effect strengthens BASF and Brenntag Specialties' relationship. Brenntag has been Baxxodur's exclusive distributor in the western and eastern United States
Key Target Audience
Industrial Flooring Manufacturers, Industrial Flooring Providers, Subcomponent Manufactures, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies, Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.