Market Size of Industrial Flooring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Floorings Market Analysis
The global industrial flooring market is projected to register a CAGR of over 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. However, the market now reached pre-pandemic levels. With the easing of regulations, construction activities are expected to pick up pace in the coming years.
- Over the short term, growing awareness about the advantages of industrial flooring is expected to drive market growth.
- Stringent regulations on VOCs released on the flooring will likely hinder the market's growth.
- The increasing popularity of eco-friendly bio-based flooring and the promising performance of polyaspartic coatings are projected to provide opportunities for future market growth.
- Asia-Pacific holds the major share in the consumption of industrial flooring. The region is also expected to witness the fastest growth during the forecast period, powered by the growth in industrial activities.
