Increasing Use Of Heavy-Duty Flooring Materials In Various Industrial And Commercial Facilities Is A Key Factor Driving Market Revenue Growth
Market Size – USD 9.79 Billion In 2020, Growth – At A CAGR Of 5.7%, Trends – Rapid Urbanization In Developing Countries
The Global High Performance Flooring System Market Size Is Expected To Reach USD 15.29 Billion In 2028 And Register A Revenue CAGR Of 5.7% Over The Forecast Period, According To The Latest Report By Reports And Data. Rapid Urbanization and Increasing Construction Activities Globally Are Driving Market Revenue Growth.
High Performance Flooring System Is Used In Indoor Flooring Due To Its High Strength And Durability. It Is Mainly Used In Commercial Buildings And Luxury Residences. Extensive Implementation Of Heavy-Duty Flooring Materials In Various End-Use Applications Is Driving Growth Of The High-Performance Flooring System Market. Additionally, Rapidly Growing Commercial And Residential Construction And Expansion Of Various End-Use Industries Across The Globe Are Driving Market Revenue Growth.
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Key Companies In The Market Include: Mannington Mills, Inc., Polyflor Ltd., Gerfloor, Tarkett S.A., Stonhard, Surface Solutions, Cornerstone Flooring, Fosroc, Inc., Rpm International Inc., And Viacor Polymer Gmbh.
In September 2021, Diverzify Expanded Its High-Performance Flooring Portfolio With The Addition Of Epoxy Systems International. Epoxy Systems International Has Technical Expertise And Experience To Match Diverzify’s Safety, Quality, And Performance Values.
Epoxy Flooring Provides High-Quality Professional Grade Characteristics Such As High Resistance From Water And Heat. Epoxy Is One Of The Most Extensively Used Flooring Incorporated In Automotive Industries And Garages For Its Superior Resistance Against Gasoline, Oil, Transmission Fluid, Bleach, Cleaners, And Others. Also, Its High Longevity, Anti-Fatigue Properties, And Hassle-Free Installation With Flawless, Elegant Shine Makes It Ideal For Commercial, As Well As Residential Use.
Concrete Segment Accounted For A Steady Revenue Share In 2020. Concrete Materials Are Cost-Effective, Extremely Tough, And Highly Durable And Are Used In Most High-Performance Industrial Subfloor Systems. These Floors Are Suitable For Application In A Wide Variety Of Factories With High Precisions In Desired Design And Appearance.
Industrial Segment Accounted For A Significant Revenue Share In 2020 As High-Performance Flooring Is Incorporated For Heavy Duty Operations In Industrial Premises Such As Workshops, Packaging Areas, Welding Areas, Manufacturing Facilities, Loading Docks, Warehouses, And Foundry Shops.
Market In North America Accounted For A Steady Revenue Share In 2020, Attributed To Expansion Of The Wood Flooring Industry In The U.S. And Increasing Demand For High Performance Hardwood Flooring In Residential And Commercial Buildings. In Addition, Presence Of Retailers Such As Home Depot And Lowes And Leading Manufacturers Such As Mannington Mills, Inc. Is Anticipated To Propel Market Revenue Growth.
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Market Segmentation:
Material Outlook (Revenue, USD Billion; 2018–2028)
- Epoxy
- Acrylic
- Vinyl Ester
- Polyaspartic
- Polyurethane
- Others
Subfloor Type Outlook (Revenue, USD Billion; 2018–2028)
- Concrete
- Terrazzo
- Wood
- Mortar
- Laminate
- Others
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Residential
- Commercial
- Industrial
Sales Channel Outlook (Revenue, USD Billion; 2018–2028)
- Online
- Offline
Regional Outlook:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Covered In The Global High Performance Flooring System Market Report:
- What Is The Expected Market Size Of The Global High Performance Flooring System Market During The Forecast Period?
- What Factors Are Expected To Hamper Global High Performance Flooring System Market Growth Over The Forecast Period?
- What Key Factors Are Expected To Drive Global Revenue Growth Between 2022 And 2028?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And Swot Analysis?
- Which Leading Players Are Operating In The Global High Performance Flooring System Market?
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