Industrial Concrete Flooring Market
The e-commerce sector is booming in different countries across the globe. The growth in the e-commerce sector is driven by different factors, such as increasing internet penetration, shifting consumer preferences, growing smartphone usage, and changing lifestyles. Online shopping is becoming a more viable and convenient option as more and more people across the globe are gaining access to the internet. Consumers highly prefer online shopping due to the comprehensive selection of products, along with competitive pricing and secured online payments; it also provides added convenience and better offers and discounts over physical retail stores. In addition, a busy lifestyle makes online shopping a time-saving and convenient option for many consumers. The exponential growth of e-commerce is becoming a driving force for reshaping the logistics sector worldwide. The unprecedented growth of the e-commerce sector has generated an insatiable demand for efficient logistics services. Efficient and timely delivery has become highly important to customer satisfaction, prompting logistics companies to invest in advanced technologies and infrastructure. With this, warehouses and distribution centers have emerged as responses to the evolving needs of the e-commerce supply chain. Due to the surge in online purchases, the increasing need for warehousing, distribution centers, and storage spaces has led to substantial investments in new distribution centers and warehouses.
Concrete flooring is highly used for warehouses and distribution centers. Warehouses and distribution centers are busy places. With forklifts and other heavy machinery and equipment zipping around, the warehouse flooring needs to be sturdy and highly durable and withstand such strain with minimal maintenance. Hence, concrete floors are the optimum solution for warehouse flooring installation. Therefore, the booming e-commerce sector in various countries across the globe is resulting in substantial investments in new distribution centers and warehouses. This is anticipated to provide lucrative opportunities for the industrial concrete flooring market growth.
Industrial Concrete Flooring Market: Segmental Overview
Based on type, the industrial concrete flooring market is divided into overlays, polished concrete, epoxy chip flooring, and others. In 2022, the epoxy chip flooring segment held the largest market share, and the overlays segment is expected to register the highest CAGR from 2022 to 2030. An overlay industrial concrete flooring system is a thin, cement-based coating applied over an existing concrete slab. Four different concrete overlays are used to create floors: microtoppings, stampable overlays, multipurpose overlays, and self-leveling overlays. All have distinctive qualities and offer decorative aesthetics. Microtoppings make the surface smooth and polished and are utilized for renovating and repairing existing industrial floors. Stampable overlays are used both for indoor and outdoor applications to create the look of wood, tile, brick, or stone on a concrete surface. Self-leveling overlays are a popular choice among flooring contractors as they are commonly used in warehouses, retail stores, and hospitals.
Based on application, the industrial concrete flooring market is segregated into manufacturing facility, warehouse, and others. In 2022, the manufacturing facility segment held the largest market share and is expected to register the highest CAGR from 2022 to 2030. The warehouse segment is another attractive segment in application. Concrete flooring is a popular flooring option in commercial facilities such as warehouses. The durability of concrete flooring makes it a suitable option for warehouses. There is a huge demand for floor treatment in warehouses due to the floor’s exposure to daily activities and machinery that can damage the surface. Polished concrete flooring is a durable and affordable concrete floor treatment for warehouses. The advantages of polished concrete floors, such as the hardness of the surface and the glowing surface, make them suitable for warehouses. Industrial concrete flooring is recommended in warehouses to withstand the impacts and weight of these heavy-duty operations.
Based on end-use industry, the industrial concrete flooring market is segmented into food and beverages, chemicals, healthcare, transportation, and others. In 2022, the food and beverages segment held the largest industrial concrete flooring market share. The chemicals segment is expected to register the highest CAGR from 2022 to 2030. The chemicals industry is subjected to a large amount of volatile and corrosive materials that are dangerous to handle and transport. In order to ensure the safety and health of employees, it is necessary to install a floor covering that meets the requirements of the chemicals sector. Slip-resistant flooring plays an important role in the chemicals industry in overcoming hazards that are caused by chemical products, as these products are very delicate, hazardous, and corrosive. Industrial concrete flooring provides excellent resistance to chemicals and aggressive substances, such as solvents. The flooring used in the chemicals industry must not accumulate dust or dirt; it must be free of fungi, germs, and bacteria. Industrial concrete floorings are durable and easy to clean, which makes them ideal for the chemicals industry.
Industrial Concrete Flooring Market: Competitive Landscape and Key Developments
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 a few key players operating in the global industrial concrete flooring market. Players operating in the market focus on providing high-quality products to fulfill customer demand.
