Market Size of Australia and New Zealand Industrial Flooring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia & New Zealand Industrial Flooring Market Analysis
The Australia and New Zealand industrial flooring market is projected to register a CAGR of more than 5.5% during the forecast period.
- COVID-19 negatively impacted the market in 2020. 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. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future. The upsurge in demand for industrial flooring in the food and beverage industry has propelled market growth.
- Over the medium term, the growth of the industrial flooring market is likely driven by the growing awareness about the advantages of industrial flooring. Industrial floorings, which have gradually changed 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 flooring, including polyurethane (PU) flooring, polyethylene (PE) foam flooring, and epoxy flooring. 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.
- Fluctuating raw materials and high product prices will likely hamper the industrial flooring market growth. The emerging application of industrial flooring in the healthcare industry is expected to offer new opportunities for overall industry growth.
