Market Size of North America Industrial Flooring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Industrial Flooring Market Analysis
The industrial flooring market in North America is expected to register a CAGR of over 4% during the forecast period.
With many industrial players suffering huge losses in the wake of the COVID-19 pandemic and the resultant lockdowns, new plant set-up and expansion projects were put on hold during the period. However, the industrial sector is now witnessing a steady recovery, with the manufacturing and services sectors slowly resuming pre-pandemic levels of activity.
- Industrial flooring provides a wide variety of benefits, including ease of maintenance, functionality, and durability. The rising awareness about these benefits in the industry, combined with the growing usage in the food and beverage industry, could potentially drive demand in the region.
- However, the health risks and the stringent regulations associated with VOCs emitting from industrial flooring continue to hinder market growth.
- On the flip side, growing research and development of eco-friendly bio-based flooring and the increasing application of polyaspartic floor coatings, given their superior properties, could serve as future opportunities in the market.
Across the North American region, the United States is expected to dominate the industrial flooring market, backed by the strong growth of its industrial sector.
