The increasing use of heavy duty flooring in various industrial and commercial facilities is a key driver for the market revenue growth
NEW YORK CITY, NY, USA, February 4, 2022 /EINPresswire.com/ — According to the latest Reports and Data report, The global High Performance Flooring Systems Market The size is expected to reach USD 15.29 billion in 2028 and register a revenue CAGR of 5.7% over the forecast period. Rapid urbanization and increasing construction activities globally are driving the market revenue growth.
A high performance flooring system is used in interior flooring due to its high strength and durability. It is mainly used in commercial buildings and luxury residences. The large-scale implementation of heavy-duty flooring materials in various end-use applications is driving the growth of the high-performance flooring systems market. Additionally, rapid growth in commercial and residential construction and expansion of various end-use industries across the globe are driving the market revenue growth.
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The growing interest in sports and fitness, the emergence of gyms and sports centers creates a high demand for sturdy and durable floors with aesthetic appeal. The need for recreation centers for engagement, wellness, and community requirements for staff and users are driving the market revenue growth.
Global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients and agents matants, among others. The population explosion coupled with rapid economic growth is expected to propel the growth of the market. Moreover, increasing urbanization, rapid industrialization and high investments in infrastructure development create market demand during the forecast period.
The Global High Performance Flooring Systems Market research report provides a portfolio of competitive strategy analysis to provide a better understanding of the competitive landscape. The report further examines in depth the business strategies undertaken by leading manufacturers in mergers and acquisitions, joint ventures and collaborations. It sheds light on the companies with the largest market share by revenue in the global high performance flooring systems market.
Some major companies profiled in the global market report are Mannington Mills, Inc., Polyflor Ltd., Gerfloor, Tarkett SA, Stonhard, Surface Solutions, Cornerstone Flooring, Fosroc, Inc., RPM International Inc., and VIACOR Polymer GmbH.
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Some highlights of the report
In September 2021, Diversify expanded its high performance flooring portfolio with the addition of Epoxy Systems International. Epoxy Systems International has technical expertise and experience that matches Diverzify’s values of safety, quality and performance.
Epoxy flooring offers professional-grade features such as high water and heat resistance. Epoxy is one of the most widely used floor coatings in the automotive industries and garages for its superior resistance to gasoline, oil, transmission fluid, bleach, cleaners and others. Plus, its longevity, anti-fatigue properties, and hassle-free installation with a crisp, sleek shine make it ideal for both commercial and residential use.
The North America market accounted for a stable revenue share in 2020, attributed to the expansion of the wood flooring industry in the United States and the growing demand for high performance hardwood flooring in residential and commercial buildings. Furthermore, the presence of retailers such as Home Depot and Lowes and leading manufacturers such as Mannington Mills, Inc. are expected to propel the market revenue growth.
The concrete segment accounted for a stable revenue share in 2020. Concrete materials are cost effective, extremely strong and very durable and are used in most high performance industrial subfloor systems. These floors are suitable for application in a wide variety of factories with great precision in the desired design and appearance.
The industrial segment accounted for a major share of revenue in 2020 as high performance flooring is incorporated for heavy duty operations in industrial premises such as workshops, packaging areas, welding areas, manufacturing facilities , loading docks, warehouses and foundry shops.
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For the purposes of this report, Reports and Data has segmented the global high performance flooring systems market on the basis of material, type of subfloor, end use, sales channel and region:
Subfloor Type Outlook
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Middle East and Africa
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