High Performance Flooring System Market Type And Application, Forecast And Industrial Analysis To 2027 from Jui Roy's blog

Extensive use of concrete sub-floors in high-performance flooring systems and increased investments in the technological advancements of flooring systems are positively impacting the global market growth.

Market Size – USD 8.71 Billion in 2019, Market Growth - CAGR of 5.7%, Market Trends – Growing use of high-performance flooring systems in the industrial sector

The global High Performance Flooring System Market is expected to be valued at USD 14.47 Billion in 2027 from USD 8.71 Billion in 2019, registering a CAGR of 5.7% through the forecast period. High performance flooring systems comprise high-quality and durable components that are fastened together to create a smooth and visually appealing floor with high workability, excellent permeability, and long-term stability. This type of flooring systems are capable of withstanding major scratches and deformations. Moreover, high performance flooring systems find significant commercial and industrial applications due to their superior characteristics. The high performance flooring systems usually contain several industrial-grade coatings, such as electrostatic dissipative (ESD) topcoats, chemical and stain-resistant topcoats, and fast-curing and quick turnover coats, which provide enhanced safety and durability.

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The global high performance flooring system market has gained immense traction over the last few years, mainly owing to the steady expansion of the residential and commercial construction sectors, as well as the manufacturing, logistics, and packaging industries. Rapid urbanization, fast-paced industrialization, and the rising demand for bio-based flooring systems are the other crucial factors predicted to boost the global market growth. However, the constantly increasing prices of flooring raw materials are a significant parameter expected to restrict the growth of the global high performance flooring system market in the near future.

Key findings of the report:

  • Based on type, the vinyl ester sub-segment is estimated to dominate the global high performance flooring system market in terms of market share over the forecast timeframe. The segment is poised to register the most significant CAGR of 7.9% over the projected timeline. Vinyl ester flooring systems offer robust toughness and superior resistance to corrosion and high temperatures. Hence, these are industrial-grade flooring systems with a wide range of heavy-duty applications. This sub-segment is expected to grow with the fastest
  • Based on end-use vertical, the industrial sub-segment is estimated to account for the highest market share of 49.3% by 2027. High performance flooring systems find significant usage in industrial spaces, including workshops, manufacturing facilities, packaging areas, warehouses, welding areas, loading docks, and foundry shops, for various heavy-duty operations.
  • The Asia Pacific region is touted as the leading regional market for high performance flooring systems in terms of revenue share. This regional segment is projected to exhibit the fastest growth rate of 6.4% over the forecast timeframe. The increasing industrial, commercial, and residential applications of high performance flooring systems, widespread adoption of industrial-grade floors, the rapidly thriving packaging and logistics sectors, and speedy industrialization, especially in the developing countries like China and India, are the factors integral to the market growth in this region.
  • The leading market competitors include The Dow Chemical Company, BASF SE, Asian Paints PPG, AkzoNobel N.V., PPG Industries, Inc., Sherwin-Williams Company, The 3M Company, RPM International Inc., and The Lubrizol Corporation.
  • In May 2020, Master Builders Solutions introduced its all-new color-stable, heavy-duty Ucrete CS flooring system in Europe. The flooring system has superior resistance to chemical staining and UV rays and is suitable for heavy-duty environments in the food & beverage sector.

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For the purpose of this report, the global high performance flooring system market has been segmented on the basis of type, sub-floor type, sales & marketing channel, end-use vertical, and region:

By Type (Revenue: USD Billion; 2017-2027)

  • Epoxy
  • Acrylic
  • Hybrid
  • Vinyl Ester
  • Metal
  • Others

By Sub-floor Type (Revenue: USD Billion; 2017-2027)

  • Concrete
  • Terrazzo
  • Mortar
  • Wood
  • Mixed
  • Others

By Sales & Marketing Channel (Revenue: USD Billion; 2017-2027)

  • Online Retailing
  • Offline Retailing

By End-use Vertical (Revenue: USD Billion; 2017-2027)

  • Industrial
  • Residential
  • Commercial
  • Others

By Region (Revenue: USD Billion; 2017-2027)

  • North America
    • U.S
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

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Key Points Covered by the Report:

  • The report offers a comprehensive overview of the global High Performance Flooring System Market along with the idea about the content of the research study
  • The report offers strategic recommendations to both established and novice players to aid in fortifying their presence
  • The report presents insightful data to the companies to help them gain maximum returns on their investment and formulate new investment strategies
  • It provides a comprehensive overview of the competitive landscape to offer a competitive edge to the readers
  • The report covers an extensive regional analysis to impart a better understanding of the spread of the market in key geographies of the world
  • In-depth analysis of the current and emerging market trends and drivers and restraints
  • An 8-year comprehensive forecast for the High Performance Flooring System market on the global and regional scale
  • Thorough SWOT analysis and Porter’s Five Forces analysis

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