Increase in need to protect floors in manufacturing facilities
The manufacturing industries are showing substantial growth in both developed and developing countries. Germany, U.K, U.S., China and even emerging economies such as India, Malaysia, Indonesia, Brazil, etc. are witnessing continuous investments in developing infrastructure for manufacturing facilities. Strict regulations related to worker safety and product hygiene are already in place in developed nations. As a result, companies have to adopt advanced flooring systems in order to keep the floors from getting degraded and damaged and also maintain the hygiene. Different government bodies such as USDA, FDA and EU have layed down rules and regulations and standards in the workplace. In the emerging nations such as India, Vietnam, Malaysia and Indonesia, strict regulations are currently being implemented. As a result, the installation of advanced flooring system would become necessary. This would also help the companies in maintaining safety standards keeping maintenance costs low.
Food & Beverage industry to show improved demand for industrial floorings
The global food & beverages industry has been growing at a healthy rate in recent times. The ever-increasing global population, supported by their improved purchasing power is driving factors for the growth of food & beverage industry. As a result, more and more facilities for food & beverage are being constructed or expanded. During the manufacturing process of food and beverage products, many chemicals are used. Acidic material such as citric acid can damage the floor over an extended period of time. This could increase the chances of accident. Moreover, due to more health awareness amongst the masses, companies in the food & beverage industry are focusing on hygiene and cleanliness during production. Antimicrobial polyurethane or resin based flooring are being installed so that the production process remains devoid of any harmful additives. 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 standards in the workplace to avoid contaminating food. Hence, the food & beverage industry will continue to remain one of the main end users in the industrial flooring market
Asia-Pacific to witness the highest growth rate in the Industrial Flooring Market
Asia-Pacific is estimated to witness a healthy growth over the assessment period in Industrial Flooring Market. Countries such as China, Japan, Taiwan, South Korea and India are manufacturing hubs for many industries ranging from automotive to building & construction. Global players are shifting their manufacturing bases to Asia-Pacific region due to availability of cheap raw materials and labor. Food & beverage industry is also seeing a substantial growth due to the ever-increasing population in the region along with their improved purchasing power. Safety regulations related to manufacturing are being strictly implemented which will further drive the need for industrial flooring.
Key Developments in the Industrial Flooring Market
October 2017: BASF SE launched Ucrete polyurethane flooring system at the China International Meat Industry Exhibition (CIMIE) 2017. The product provides hygienic coating that improves food safety and flooring durability..
June 2017: Flowcrete acquired Elmico, a high-tech manufacturer of polyurea waterproofing systems as well as epoxy and polyurethane polymer flooring systems, based in Oslo, Norway.
December 2016: BASF launched Ucrete MF40AS industrial flooring system on the European market. The product offers many advantages in terms of a safe and aesthetic working environment, robustness and durability.
Industrial Flooring Market Major Players
PPG Industries, Inc.
The Sherwin-Williams Company
Akzo Nobel N.V.
RPM International Inc.
DOW Chemical Company
Milliken & Company
Reasons to Purchase Industrial Flooring Market Report
An understanding of the current market dynamics and growth opportunities.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating application in the global industrial flooring market.
Region & countries expected to witness fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)
Customization of Industrial Flooring Market Report
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1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Regulatory Policy Analysis
4. Industrial Flooring Market Dynamics
4.1 Industrial Flooring Market Drivers
4.1.1 Increase in need to protect floors in manufacturing facilities
4.1.2 Other Drivers
4.2 Industrial Flooring Market Restraints
4.2.1 High cost of raw materials
4.2.2 Other Restraints
4.3 Industrial Flooring Market Opportunities
4.3.1 Promising Performance of Polyaspartic Coatings
4.3.2 Other Opportunities
5. Industrial Flooring Market Segmentation and Analysis (Market Size, Share and Forecast)
5.1 Industrial Flooring Market By Resin Type
5.2 Industrial Flooring Market By Flooring Material
5.3 Industrial Flooring Market By End-use Industry
5.3.1 Food & Beverage
5.3.2 Chemical Industry
5.3.3 Transportation & Aviation
6. Regional Market Analysis (Market Size, Share and Forecast)
6.1 Asia-Pacific Industrial Flooring Market (2018-2023)
6.1.1 China Industrial Flooring Market (2018-2023)
6.1.2 India Industrial Flooring Market (2018-2023)
6.1.3 Japan Industrial Flooring Market (2018-2023)
6.1.4 South Korea Industrial Flooring Market (2018-2023)
6.1.5 Australia Industrial Flooring Market (2018-2023)
6.1.6 Rest of Asia-Pacific
6.2 North America Industrial Flooring Market (2018-2023)
6.2.1 United States Industrial Flooring Market (2018-2023)
6.2.2 Canada Industrial Flooring Market (2018-2023)
6.2.3 Mexico Industrial Flooring Market (2018-2023)
6.2.4 Rest of North America
6.3 Europe Industrial Flooring Market (2018-2023)
6.3.1 Germany Industrial Flooring Market (2018-2023)
6.3.2 United Kingdom Industrial Flooring Market (2018-2023)
6.3.3 Netherlands Industrial Flooring Market (2018-2023)
6.3.4 France Industrial Flooring Market (2018-2023)
6.3.5 Italy Industrial Flooring Market (2018-2023)
6.3.6 Spain Industrial Flooring Market (2018-2023)
6.3.7 Rest of Europe
6.4 South America Industrial Flooring Market (2018-2023)
6.4.1 Brazil Industrial Flooring Market (2018-2023)
6.4.2 Argentina Industrial Flooring Market (2018-2023)
6.4.3 Rest of South America
6.5 Middle East & Africa Industrial Flooring Market (2018-2023)
6.5.1 Saudi Arabia Industrial Flooring Market (2018-2023)
6.5.2 U.A.E. Industrial Flooring Market (2018-2023)
6.5.3 South Africa Industrial Flooring Market (2018-2023)
6.5.4 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 BASF SE
8.2 PPG Industries, Inc.
8.3 The Sherwin-Williams Company
8.4 Akzo Nobel N.V.
8.5 RPM International Inc.
8.6 Sika AG
8.7 Teknos Group
8.8 The Lubrizol Corporation
8.9 Florock Polymer Flooring Systems
8.11 Michelman Inc.
8.12 Laticrete International Inc.
*List not Exhaustive
**Subject to availability on public domain
- BASF SE
- PPG Industries Inc.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- RPM International Inc.
- Sika AG
- Teknos Group
- The Lubrizol Corporation
- Florock Polymer Flooring Systems
- Michelman Inc.
- Laticrete International Inc.