Market Size of Asia-Pacific Industrial Flooring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Industrial Flooring Market Analysis
The Asia-Pacific industrial flooring market is expected to register a CAGR of over 6% during the forecast period.
The COVID-19 pandemic wreaked havoc on the industrial sector resulting in a sharp drop in sales revenue for most industrial players, big and small. Projects involving the construction of new plants and expansion of the existing plants were put on hold during the same period. However, with the manufacturing and services sector making a strong recovery post-pandemic, the resumption of industrial expansion projects across the continent could strengthen the demand for industrial flooring in the market.
- Rising awareness about the potential benefits of installing industrial flooring in aspects like ease of maintenance, functionality, and durability could potentially drive the demand for industrial flooring across the region.
- However, the health risks and the resultant rise in regulations associated with volatile organic compounds (VOCs) that are emitted from industrial floorings could potentially hinder market growth.
- On the flip side, the rise in research and development of eco-friendly bio-based flooring and the widening application of polyaspartic floor coatings, owing to their superior properties could lead to future opportunities in the market.
- The growing industrial sector in China, coupled with the expansion of the F&B industry across the region, could potentially lead the growth of the industrial flooring market across the Asia-Pacific region.
