|Study Period:||2016 - 2026|
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The Australia and New Zealand industrial flooring market was estimated at over USD 50 million in 2020, and the market is projected to register a CAGR of more than 5.5% during the forecast period (2021-2026).
The industrial flooring market is hampered by the COVID-19 pandemic, as the building and construction industry came to a standstill, owing to the unavailability of raw materials, shortage of laborers, and disruption in the supply chain. Loss of investment plans and termination of planned projects might be experienced in the market after the lockdown and normalization of business operations, further affecting industrial flooring across the region. However, due to the outbreak of COVID-19, the food and beverage industry also had a slight hit except for the sale of essential products, which had a moderate effect on the market studied.
- Over the medium term, the growth of the industrial flooring market is likely to be driven by the growing awareness pertaining to the advantages of industrial flooring. Industrial floorings, having gradually changed over time from conventional cement flooring tiles to dust-free monolithic floors, play a vital role in productivity, safety, and housekeeping. There are different types of industrial floorings, which include PU flooring, PE foam flooring, and epoxy flooring, among others. They provide excellent pavements in strength, thickness, flexibility, washability, aesthetics, resistance to toxic and corrosive chemicals, mechanical abrasion, static, and microbial outgrowth, among many other factors.
- Owing to the high-value assets in the industrial spaces, coatings used for industrial applications require tolerance to withstand harsh conditions. The ongoing changes in the regulatory environment and growing awareness regarding VOC emissions have been augmenting the consumption of water-based coatings in industrial applications as well.
- The food and beverage industry is one of the most major users of industrial flooring. Cleanliness and purity are of paramount importance in the food and beverage industry. Due to this, it is mandatory for this industry to apply an appropriate protective coating on the concrete floor.
Scope of the Report
The term industrial floor indicates the seamless concrete floors used in the industrial field. A traditional industrial concrete floor offers several features such as durability and resistance to abrasion, heavy traffic, and heavy loads, but its aesthetic look is not alluring. The Australia and New Zealand industrial flooring market is segmented by resin type, application and end-user industry. By flooring material, the market is segmented into epoxy, polyaspartic, polyurethane, acrylic, and other resin types. By application, the market is segmented into concrete, wood, and other applications. By end-user industry, the market is segmented into food and beverage, chemical, transportation and aviation, healthcare, and other end-user industries. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
|Other Resin Types|
|Food and Beverage|
|Transportation and Aviation|
|Other End-user Industries|
Key Market Trends
Epoxy Flooring to Drive the Market Growth
- Epoxy is a material that serves as a sealant for concrete floors. It creates a shiny gloss surface and increases the brightness of the coated area by up to 200%.
- Epoxy is made up of two components - resins and hardeners. The chemical reaction caused by mixing these components leads to the production of a rigid plastic material. This plastic material exhibits several properties, such as high strength, resistance to degradation, and strong bonding ability to its substrate.
- This epoxy can be used as a thick flooring material over a concrete subfloor or can be used to provide a protective layer on the substrate. If the thickness of epoxy material, which is applied to the floor, is more than 2 mm, it is called an epoxy floor. However, if the thickness of epoxy remains less than 2 mm, it is referred to as epoxy floor coating. The service life of epoxy coatings is expected to be about 20 years or more.
- The application of epoxy flooring offers various benefits. For instance, it provides excellent heat, spillage, slippage, abrasion, and chemical resistance, when applied on the surface. It can provide adhesion to cement, metal, or wood surface. The surface applied with epoxy remains antistatic, seamless, and is easier to clean and maintain.
- Water-based or dispersed epoxy resin floor materials do not contain dangerous solvents or VOCs (volatile organic compounds), and therefore, they can be used safely in occupied areas. Additionally, these resins are not sensitive to naked flames, and more importantly, when used in the food and beverage industry, these resins do not contaminate foodstuffs or beverages.
- Solvent-free epoxy resin flooring products have much higher epoxy resin contents, and they are also used in much thicker layers and thus provide higher performance and protection for the floor. These resins are mostly used in factory processes and production areas with increased traffic, abrasion, or liquid chemical exposure.
- Owing to such properties, epoxy resins are used extensively in industrial areas, commercial buildings, and public places, including shopping malls, garages, institutions, hospitals, schools, industrial buildings, prisons, and sports halls. However, in recent times, the usage of epoxy coatings can also be seen in residential applications.
- Hence, owing to the ongoing construction activities in the region, the demand for epoxy resins in the industrial flooring market is expected to increase during the forecast period.
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Food and Beverage Segment to Dominate the Market
- In the food and beverage industry, industrial flooring has a vital role as these spaces have to be maintained hygienic from spills, meeting the highest hygienic standards and withstanding extreme thermal, mechanical, and chemical impact and others.
- A combination of chemical resistance, durability, and antistatic features comprising flooring representing a safe working environment is used in the food and beverage industry. The antistatic properties of the flooring system protect electrostatic-sensitive devices and can be used in explosion hazard areas.
- The Global Food Safety Initiative (GFSI), the Food Standards Agency (FSA), and the European Food Safety Authority (EFSA) have issued stipulations to ensure food factories maintain the highest standards of handling and production. Many of these flooring used in this industry helps maintain non-slip resin nature, and they are antimicrobial and comply with strict hygiene and safety standards.
- The flooring for the food and beverages industry is designed in a way resistant to steam and hot water wash-downs, resistant to cleaning chemicals, and impervious to animal fats, even under heavy-use conditions. This application of industrial flooring is reducing the maintenance cost due to sticky stains and others in the industry.
- Consumables range from meat and poultry, dairy, beverage, agricultural products, baked goods, and frozen and prepared food.
- The Australian food industry witnessed significant growth over the past few years. The revenue generated by the Australian food industry increased from USD 34,230 in 2010 to around USD 46,656 million in 2019. The growing demand for food is a major driving factor for industrial flooring in Australia.
- The growing meat consumption in the country is a major driving factor for the market in New Zealand. The per capita consumption of meat in the country had increased from 3.25 kg per capita in 2017 to around 4.04 kg per capita in 2019.
- However, the recent COVD-19 outbreak negatively affected the economy, which is expected to restrain the market studied in the short run.
The industrial flooring market is fragmented in nature. The major players in the market include ANTISKID INDUSTRIES, Multiblast Industrial Flooring, Roxset Australia, Sika Australia, and Bethell Flooring, among others.
- In September 2020, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The Construction Chemicals business is now part of the newly founded MBCC Group, headquartered in Mannheim, Germany.
- In May 2019, Sika AG completed Parex Ltd. Parex’s product portfolio acquisition, including facade mortars, epoxy flooring, tile adhesives, and waterproofing mortars. With this acquisition, Sika expanded its product portfolio for the building finishing market.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 Increasing Demand from the Food and Beverage Industry
4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Resin Type
5.1.5 Other Resin Types
5.2.3 Other Applications
5.3 End-user Industry
5.3.1 Food and Beverage
5.3.3 Transportation and Aviation
5.3.5 Other End-user Industries
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ANTISKID INDUSTRIES
6.4.2 Bethell Flooring
6.4.3 Elite Crete Systems
6.4.4 Hychem International Pty Ltd (VIACOR)
6.4.5 Interface Inc.
6.4.6 LATICRETE Pty Ltd
6.4.7 Mapei Australia Pty. Ltd
6.4.8 MBCC Group
6.4.9 Multiblast Industrial Flooring
6.4.10 RPM International Inc.
6.4.11 Roxset Australia
6.4.12 Sika Australia
6.4.13 Twintec Group Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Australia and New Zealand Industrial Flooring Market market is studied from 2016 - 2026.
What is the growth rate of Australia and New Zealand Industrial Flooring Market?
The Australia and New Zealand Industrial Flooring Market is growing at a CAGR of >5.5% over the next 5 years.
What is Australia and New Zealand Industrial Flooring Market size in 2016?
The Australia and New Zealand Industrial Flooring Market is valued at 50 Million USD in 2016.
Who are the key players in Australia and New Zealand Industrial Flooring Market?
Multiblast Industrial Flooring, Roxset Australia, ANTISKID INDUSTRIES, Sika Australia, Bethell Flooring are the major companies operating in Australia and New Zealand Industrial Flooring Market.