Industrial Concrete Flooring Market is expected to reach US$ 61,442.69 million by 2030

Asia Pacific Dominated Industrial Concrete Flooring Market in 2022

According to our latest market study on “Industrial Concrete Flooring Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, Application, and End-Use Industry,” the market was valued at US$ 40,784.59 million in 2022 and is projected to reach US$ 61,442.69 million by 2030; it is anticipated to record a CAGR of 5.3% from 2022 to 2030. The report highlights key factors driving the industrial concrete flooring market growth and prominent players along with their developments in the market.

In 2022, Asia Pacific dominated the industrial concrete flooring market. The industrial concrete flooring market growth in Asia Pacific is attributed to the growing manufacturing sector. Asia Pacific is known to be a huge and influential market in the food and beverage industry and is estimated to become the largest consumer of food and beverages globally by 2030. Product innovation, the increased penetration of modern retailing, and rapid urbanization are a few factors that have led to the growth of the food and beverage industry across the region. The region has a large manufacturing base for food and beverages, which leads to an increasing adoption rate of industrial concrete flooring in processing plants. Asia Pacific is also a hub for automotive manufacturing due to a large presence of international and domestic players operating in the region. According to a report published by the China Passenger Car Association, in 2022, Tesla Inc delivered 83,135 made-in-China electric vehicles, indicating growth in sales of electric vehicles compared to 2021. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), Asia-Oceania’s vehicle production increased from 46.8 million in 2021 to 50 million in 2022. The automotive sector’s growth further propels the utilization of industrial concrete flooring in automotive production plants.

Global Industrial Concrete Flooring Market Breakdown – by Region

In addition, as the maritime trade and transportation sectors expand, there is an increasing need for ship construction and maintenance, stimulating the demand for industrial concrete flooring. China, Japan, and South Korea are leading countries in the shipbuilding sector. According to the States Council of the People’s Republic of China, the shipbuilding output of China was 9.61 million deadweight tons (dwt) in 2022, i.e., up by 2.8 percentage points year-on-year, accounting for 46.2% of the global total. Large-scale ship manufacturing and maintenance facilities require concrete flooring to obtain durability and resistance to wear and tear.

China is one of the fastest-growing economies in the world and ranks at the top worldwide in terms of industrial concrete flooring market share. China's major industries include manufacturing, automotive, chemicals, and healthcare. According to the European Chemical Industry Council, with US$ 2,513.1 billion in 2022, China was the largest chemical producer in the world. Furthermore, the Chinese government has taken several initiatives to stimulate the production capacities of automobile manufacturers to 35 million units by 2025. According to the World Economic Forum, China recorded electric vehicle sales of 6.1 million in 2022. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, vehicle production in China was 27.0 million vehicles, nearly 3% higher than in 2021. Thus, the progressive automotive industry contributes to China's growing industrial concrete flooring market size.

India has become a key player in the global industrial concrete flooring market with its burgeoning manufacturing, automotive, pharmaceutical, and chemical sectors. The rapid industrialization and modernization in the country significantly drive the market. As industries expand and diversify, the need for industrial concrete flooring has increased. The automotive sector, a major contributor to India's economy, is also pivotal in propelling the demand for industrial concrete flooring. The automotive manufacturing industry is also growing in India owing to increasing foreign direct investments. According to the India Brand Equity Foundation, India enjoys a strong global position in the heavy vehicles market. In FY22, India produced 22.93 million vehicles. Furthermore, India has a robust chemical industry, contributing 7% to the country's GDP. India is the third largest chemical producer in Asia Pacific and sixth globally. The demand for chemicals in the country is estimated to expand by 9% per annum by 2025. Thus, the rapid industrialization is facilitating the expansion of the industrial concrete flooring market share in India.

The industrial concrete flooring market trends include the focus on using sustainable solutions in industrial construction. There has been a rising inclination toward sustainable and green construction activities in recent years. Green and sustainable construction is the practice of developing and using more resource-efficient construction products. The construction industry is resource-intensive, and constructing a building consumes a lot of natural resources. Green construction causes a negligible impact on the natural environment of the project site. As a result, there is a growing focus on green construction. Also, factors such as the rise in awareness of the environmental effects of different building materials and changes in government policies are leading to the large-scale adoption of green and sustainable products for construction. Various players operating in the construction industry are also paying high attention to factors such as Leadership in Energy and Environmental Design (LEED) ratings and green points. For the industrial construction sector, sustainable development is an essential consideration. By incorporating green building practices and materials, industrial construction projects try to reduce their environmental impact and contribute to a more sustainable future. Green concrete is a material that promises not only strength and durability but also significantly reduces environmental footprints. Green polished concrete floors are suitable for those seeking a harmonious blend of sustainability, practicality, and aesthetics in their flooring solution. Many manufacturing and warehouse facilities are seeking LEED certification, a globally recognized green building rating system. These facilities opt for polished concrete floors owing to their environmentally friendly attributes. Therefore, the trend of focusing on using sustainable solutions in industrial construction is expected to boost the industrial concrete flooring market.

The industrial concrete flooring market analysis is carried out by identifying and evaluating key players in the market across different regions. The Fricks Co, Becosan UK Ltd, Twintec Group Ltd, Primekss SIA, Stanford Industrial Concrete Flooring Ltd, RCR Industrial Flooring SLU, Sika AG, Sintokogio Ltd, UltraTech Cement Ltd, and Concretech One are among the key players profiled in the industrial concrete flooring market report.

The industrial concrete flooring market involves the segmentation of the market based on:

Based on type, the market is segmented into overlays, polished concrete, epoxy chip flooring, and others. By application, the market is segmented into manufacturing facility, warehouses, and others. The end-use industry is segregated into food and beverages, chemicals, healthcare, transportation, and others. The scope of the industrial concrete flooring market report focuses on North America (the US, Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Poland, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Vietnam, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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