Industrial Flooring Market is Projected to Reach US$ 6.1 Billion in 2028
Raipur, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a leading market research firm has launched a report on the Industrial Flooring Market which provides an in-depth analysis of the market…
Raipur, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a leading market research firm has launched a report on the Industrial Flooring Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.Click here to get the free sample pdf: URL.html#formHow is the Report Helpful?The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.Industrial Flooring Market Segmentation:Stratview Research has segmented the market in the following ways which fulfill the market data needs of multiple stakeholders across the industry value chain.By Material Type (Epoxy, PU Resin, PU Cement, MMA, and Others), By Application Type (Food & Beverage, Healthcare, Industrial Manufacturing, Automotive Manufacturing, and Others),By Region (North America, Asia-Pacific, Europe, and Rest of the World)Industrial Flooring Market InsightsBy Material TypeThe industrial flooring market is segmented into epoxy, PU resin, PU cement, MMA (methyl methacrylate), and others. Epoxy is unquestionably the leading material and is estimated to maintain its dominance in the foreseeable future. MMA currently has a diminutive market share and is an expensive alternative. However, in the coming years, it is projected that the material type would experience the fastest growth.Due to its affordable cost, durability, and improved distinctive features, epoxy flooring is preferred in various industries. Despite the pandemic in 2020, the industrial sector has seen an increase in activity, particularly in the construction of parking spaces and the expansion of healthcare facilities to battle COVID-19, which, in turn, are driving the demand for epoxy flooring.By Application TypeThe market is segmented into food & beverage, healthcare, automobile manufacturing, industrial manufacturing, and others. Food & beverage is projected to experience the highest growth during the forecast period, whereas industrial manufacturing is likely to maintain its supremacy during the same period.Which region offers the best opportunity and growth?Europe holds the front chair in the industrial flooring market. The region is also likely to regain its lost business due to the pandemic at an influential rate. The expected recovery in industrial manufacturing will mainly contribute to the demand for industrial flooring. Over the years, there has been a constant increase in the penetration of industrial flooring in the major Asian economies, particularly in China, a key factor driving the demand in the region.COVID-19 Impact on the Industrial Flooring MarketThe COVID-19 pandemic has positively impacted the global Digital Health market. Stratview Research also offers customisation of the reports.