The industrial concrete flooring market size is expected to grow from US$ 40,784.59 million in 2022 to US$ 61,442.69 million by 2030; it is estimated to register a CAGR of 5.3% from 2022 to 2030.
MARKET ANALYSIS
The global industrial concrete flooring market has experienced notable growth in recent years, driven by increasing demand from commercial and industrial settings. The industrial concrete flooring market has emerged as a critical segment within the construction industry, pivotal in providing durable and resilient flooring solutions for various industrial applications. Industrial concrete flooring is characterized by its robustness, making it well-suited for environments that demand high strength, resistance to heavy loads, and constant wear. This sector caters to a diverse range of industries, including manufacturing, transportation, warehousing, and distribution centers, where the reliability and longevity of flooring are paramount. Industrial concrete flooring can be customized to meet specific requirements, incorporating anti-slip surfaces, chemical resistance, and decorative finishes. This flexibility allows industrial concrete flooring to cater to the unique needs of different sectors, making it a versatile choice for a wide range of applications.
As economies continue to develop and urbanize, there is a parallel surge in the construction and expansion of industrial facilities, fueling the need for reliable and high-performance flooring solutions. The industrial concrete flooring market has responded by evolving technologically, incorporating innovations in concrete mixes and construction techniques to meet the evolving demands of modern industries.
GROWTH DRIVERS AND CHALLENGES
The manufacturing industry is one of the major application areas for industrial concrete flooring. The manufacturing industry is proliferating and providing several opportunities for the industrial concrete flooring market growth. Over the last decade, polished concrete has become an ideal flooring choice in various industrial environments. Polished concrete is highly used in warehouses, manufacturing plants, healthcare facilities, showrooms, and other places that are subject to high foot traffic. Polished concrete is very economical, especially for large manufacturing facilities, and at the same time, it provides many benefits. In industrial settings, polished concrete is used to create low-maintenance, durable flooring solutions that can withstand high foot traffic, heavy machinery, and other demanding conditions. Polished concrete remains at the forefront as a flooring solution for industrial places as businesses prioritize durability, cost-efficiency, functionality, and aesthetics. Various benefits of polished concrete are cost effectiveness, easy maintenance, aesthetic appeal, operational efficiency, higher slip resistance, and reflective quality. Polished concrete has slip resistance that meets or exceeds industry standards. Polished concrete offers a smooth, uniform surface that enhances the efficiency of material-handling equipment. Polished concrete's high-gloss finish reduces friction, lowering wear and tear on machinery, thus extending lifespan and minimizing maintenance costs of machinery. This improved operational efficiency saves time and money and contributes to a safer working environment by minimizing the risk of accidents. Thus, various advantages of epoxy flooring in manufacturing industries contribute to the global industrial concrete flooring market size.
In healthcare facilities, such as hospitals, clinics, and medical offices, polished concrete flooring is an ideal choice owing to its hygienic properties and ease of cleaning. The seamless, nonporous surface of polished concrete minimizes the growth of bacteria and mold, thus contributing to a healthier environment for patients and staff. The durability and low maintenance of polished concrete make it a cost-effective solution for these demanding settings. Furthermore, industrial and warehouse environments often involve the use of different chemicals. Polished concrete floors are resistant to chemical spills; they prevent damage and ensure a longer lifespan of the flooring. Overall, in industrial environments, polished concrete offers a wide range of benefits and design options that make it an ideal choice for various industrial applications. With this, the demand for polished concrete flooring is growing at a robust rate, and more customers are opting for polished concrete for industrial flooring. Therefore, the increasing demand for polished concrete for industrial flooring is mainly driving the industrial concrete flooring market growth.
The availability of substitute products in the market can threaten a company's market position and product offerings. There are a wide range of industrial flooring products available in the market that offer different advantages. The alternative products for concrete flooring are terrazzo flooring and rubber flooring, among others. Terrazzo flooring combines chips of marble, glass, quartz, granite, or other materials safely inside a binding material. There are so many advantages of terrazzo flooring. It is used in different industrial applications due to its aesthetics and durability. This type of flooring has always been known for its classic look, durability, longevity, and low cost of maintenance. Rubber is another material that is an ideal flooring option in industrial settings. Industrial rubber mats and floors add friction to surfaces even when wet. The rubber material in industrial floors is also enhanced with enough physical durability to handle heavy physical impact from active machinery and high volumes of human foot traffic at the same time. Moreover, the elasticity of rubber makes rubber flooring an excellent and comfortable option for anti-fatigue applications. Industrial rubber flooring mats are ultra-durable and moisture-resistant, and they have excellent outdoor resistance. Different flooring options are selected based on specific needs in the application industries. Hence, the availability of alternative products in the market may restrain the growth of the global industrial concrete flooring market.
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Industrial Concrete Flooring Market: Strategic Insights
Market Size Value in US$ 40,784.59 million in 2022 Market Size Value by US$ 61,442.69 million by 2030 Growth rate CAGR of 5.3% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Industrial Concrete Flooring Market: Strategic Insights
| Market Size Value in | US$ 40,784.59 million in 2022 |
| Market Size Value by | US$ 61,442.69 million by 2030 |
| Growth rate | CAGR of 5.3% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Global Industrial Concrete Flooring Market to 2030" is a specialized and in-depth study with a significant focus on market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation on the basis of type, application, end-use industry, and geography. The global industrial concrete flooring market has witnessed significant growth over the past few years and is expected to continue this trend during the forecast period. The report provides key statistics on the use of industrial concrete flooring worldwide, along with their demand in major regions and countries. It also provides a qualitative assessment of various factors affecting the market performance in major regions and countries. The report also includes a comprehensive analysis of the leading market players and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, global industrial concrete flooring market trends, and lucrative opportunities that would, in turn, aid in identifying the significant revenue pockets.
Ecosystem analysis and Porter’s five forces analysis also provide a 360-degree view of the global industrial concrete flooring market analysis, which helps understand the entire supply chain and various factors affecting the market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The global industrial concrete flooring market is segmented on the basis of type, application, and end-use industry. In terms of type, the market is segmented into overlays, polished concrete, epoxy chip flooring, and others. By end-use industry, the market is segregated into manufacturing facility, warehouse, and others. By end-use industry, the market is segmented into food and beverages, chemicals, healthcare, transportation, and others.
Based on type, the epoxy chip flooring segment held a significant global industrial concrete flooring market share in 2022. Epoxy floorings appear strong and can withstand the most demanding industrial environments by protecting facility surfaces and factory machinery from wear, chemicals, UV light, moisture, and accidents. The two main components that form epoxy are resin and hardener. Based on application, the manufacturing facility segment led the market with a significant market share in 2022. Concrete flooring systems are widely installed in manufacturing facilities for gaining aesthetic appeal and resurfacing. The installation of concrete flooring systems in manufacturing facilities depends upon certain criteria, such as the type of facility, the type of products used in the facility, and the durability of the concrete system. Based on end-use industry, the food and beverages segment led the market with a significant market share in 2022. The food & beverage industry uses heavy equipment, such as large fermenters in breweries and heavy machinery for food processing. There is always a need for durable concrete flooring to withstand the weight and constant use of these machines to reduce the risk of cracks or damage.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL ANALYSIS
The industrial concrete flooring market report provides a detailed regional overview of the market. APAC accounted for a significant portion of the global industrial concrete flooring market share. The market in the region was valued at ~US$ 15 billion in 2022. China is a major contributor to the market growth in this region. North America is also expected to witness notable growth, reaching ~US$ 12 billion by 2030. Furthermore, in Europe, there has been a widespread use of industrial concrete flooring. The industrial concrete flooring market in Europe is expected to report a CAGR of ~5% from 2022 to 2030.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are a few prominent strategies adopted by the players operating in the global industrial concrete flooring market.
- In May 2023, Primekss SIA opened a concrete R&D center. Primekss Concrete R&D Center is the largest science-based private concrete research center in the Baltics and Eastern Europe. It offers expertise in PrimX concrete compositions, testing fresh and hardening properties, and developing quality control.
- In December 2022, RCR Industrial Flooring acquired Alsace-based Solastra, a renowned company in continuous flooring. With over 6 million m2 of resin floors produced since 1984, Solastra has a strong reputation in various industrial sectors and is recognized for its technical expertise in resin coating systems.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
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 some of the major players analyzed in the global industrial concrete flooring market report.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
A few players operating in the global industrial concrete flooring market include 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.
In 2022, Asia Pacific held the largest share of the global industrial concrete flooring market. The demand for industrial concrete flooring in Asia Pacific is expected to grow significantly during the studied forecast period, primarily owing to increased industrialization. The market in Asia Pacific is driven by the accelerating automotive, marine, aerospace, food and beverages, and healthcare industries. 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. As a result, the industrial concrete flooring market has huge potential in Asia Pacific.
The epoxy chip flooring segment held the largest share in the global industrial concrete flooring market in 2022. Epoxy floorings appear to be strong and have the capability to stand up against most demanding industrial environments by protecting facility surfaces and factory machinery from wear, chemicals, UV light, moisture, accidents, etc. Epoxy floor coating is installed by applying multiple layers of epoxy resin to the concrete substrate floor. Epoxy chip flooring is easy to clean, durable, and aesthetically pleasing. These factors led to the dominance of the epoxy chip flooring segment in 2022.
The manufacturing facility segment held the largest share of the global industrial concrete flooring market in 2022. Concrete flooring systems are widely installed in manufacturing facilities for gaining aesthetic appeal and resurfacing. The installation of concrete flooring systems in manufacturing facilities depends upon certain criteria, such as the type of facility, the type of products used in the facility, and the durability of the concrete system. Epoxy chip flooring is the ideal choice for manufacturing facilities that experience high dampness, standing water, or chemical spills. Similarly, polished concrete floors work well in dry manufacturing facilities. All these factors led to the dominance of the manufacturing facility segment in 2022.
The food and beverages segment held the largest share of the global industrial concrete flooring market in 2022. The food & beverage industry uses heavy equipment, such as large fermenters in breweries and heavy machinery for food processing. There is always a need for durable concrete flooring to withstand the weight and constant use of these machines to reduce the risk of cracks or damage. All these factors led to the dominance of food and beverages segment in 2022.
The List of Companies - Industrial Concrete Flooring Market
- 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
- Concretech
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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