Portland, OR, July 05 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the industrial flooring market accumulated $7.9 billion in 2021 and is expected to gross $13.5 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031. The report offers a detailed analysis of the changing trends in the market, major segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Booming food and beverage industry and rising consumer and government spending on food in countries such as India, US, and China will drive the growth of the global flooring market industrial. However, shortage of labor and raw materials resulting in restricted supply of industrial flooring devices will hamper the expansion of the market. Nevertheless, the reopening of production units and the launch of COVID-19 vaccines are expected to create new growth opportunities for the market.
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- The COVID-19 pandemic has impacted the expansion of industrial flooring market, due to lockdown in various countries and backlog in manufacturing of industrial flooring such as anhydrite and epoxy.
- Due to the COVID-19 outbreak, many manufacturers in the industry have had to suspend operations in countries such as India, China, and the United States. This directly affected the sales of industrial flooring companies.
The report offers a detailed segmentation of the global industrial flooring market based on end-user industry, thickness, material type, and region.
Based on the end-user industry, the food and beverage segment contributed the largest market share in 2021, accounting for more than a quarter of the overall global industrial flooring market share. Moreover, this segment is expected to register the highest CAGR of 6.4% from 2022 to 2031. The report also analyzes the segments including chemical, healthcare, transportation and aviation, etc.
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Based on material type, the epoxy segment accounted for the largest industrial flooring market share in 2021, contributing more than two-fifths of the overall global industrial flooring market share. The research also addresses segments including polyaspartic, polyurethane, anhydrite and others.
By region, Asia-Pacific contributed to the highest market share in 2021, accounting for more than two-fifths of the global industrial flooring market. In addition, the Asia Pacific industrial flooring market is also expected to register the fastest CAGR of 6.1% from 2022 to 2031. The research also analyzes regions such as North America, Europe and LAMEA.
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Key players profiled in the Global Industrial Flooring Market research report are Don Construction Products Ltd., BASF SE, Twintec Group Limited, Cipy Polyurethanes Pvt. Ltd., RPM International Inc., Sika AG, Cornerstone Flooring, Fosroc, Inc., MAPEI SpA and VIACOR Polymer GmbH.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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