Industrial Flooring Market: Drivers, restraints, and challenges by 2026

Posted by Arno PMR on January 11th, 2017

Rapid industrialization especially in developing countries have positively influenced the consumption of industrial flooring across various industry verticals. The economies exhibiting substantial growth prospects in Asia such as India and China are expected to be significant consumer of industrial flooring in next decade to follow. Industrial flooring products offer durability and high resiliency suitable to various industrial plants and environment. The industrial flooring products offer impact resistance, abrasion resistance, resistance to heavy load and ease of maintenance. There are various innovative solutions provided by the industrial flooring manufactures that requires low maintenance as compared to other conventional material such as stone, ceramic and wood. Some new product developments in industrial flooring are aimed at cost-effective operation and eco-friendly solutions for industrial flooring. In addition, it has longer life over traditional materials.

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Recent developments in polymer technology helped to deliver innovative solutions to various industries. Global manufacturers are now focusing on using different types of resins to manufacturer floor material in order to improve the properties such as chemical resistance, tear and wear, heat resistance and corrosion protection. Polyurethane and epoxy coatings have been used widely to meet the specific industrial flooring requirements. Advance polyurethane flooring is used in chemical and pharmaceutical industry due to excellent resistance to mechanical and thermal stress under high temperature conditions. Epoxy based flooring is used in plants due to ease of cleaning and resistant to chemicals and oil. Growth of various segments such as industrial construction, airports, rail projects, malls, healthcare and SEZs are driving the demand for industrial flooring market. The trend for industrial flooring market is shifting from concrete flooring to environment friendly and polished concrete flooring.

Industrial Flooring: Market Dynamics

Global industrial flooring market is driven by the characteristics and benefits offed by industrial flooring such as easy to install, longevity, economic in cost, slip resistance, functionality, durability, and moisture resistant.

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Modernization in every industry has created demand for innovative solutions pertaining to flooring products. Global industrial flooring market is also driven by the growing concern towards improving workplace aesthetics as well. Various manufacturers are taking operational factors into account such as movement and activities taking place within the building premises. Global industrial flooring market is driven by the growth of industrial, commercial and healthcare sectors. Rising urbanization and modernization of industries are the key growth drivers for the global industrial flooring market. In addition, development of innovative construction solutions with the growing demand of sustainable products is a big opportunity for the industrial flooring market. Growing economies such as BRICS nations are expected to be the key driver for the growth of global flooring market in next few years.

Lack of awareness especially among small scale enterprise and low adoption rate of advanced industrial flooring solution are identified as minor restraints to the industrial flooring market.

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Arno PMR

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Arno PMR
Joined: December 20th, 2016
Articles Posted: 28

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