Press Release

The Middle East & Africa Industrial & Commercial Flooring Market to Record CAGR of 6.4% During 2024-30

The Middle East & Africa Industrial & Commercial Flooring Market is projected to grow at a CAGR of 6.4% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market growth is attributed to increased construction activities, including industrial & commercial infrastructure projects, which drive the demand for flooring solutions. Government bodies in countries like Saudi Arabia, the UAE, and Qatar have initiated various programs such as Abu Dhabi Economic Vision 2030 and the UAE's 'Future 100' initiative. These endeavors aim to boost construction activities in the region, leading to significant growth and development.

Furthermore, the region's expanding economic development and continuous urbanization trend are driving a significant need for sophisticated commercial spaces such as shopping malls, office complexes, and hospitality facilities, all of which require durable and appealing flooring solutions. Also, the food & beverage sector is expanding dramatically across the Middle East & Africa, owing to high population expansion. Likewise, government programs such as the Dubai Food Park in the UAE and Ethiopia's agro-industrial parks, which aim to promote agricultural productivity and food security, further surge investments in the food manufacturing business.

Besides, as the region's production facilities are being constructed & infrastructure is developed, the demand for durable and high-quality industrial and commercial flooring solutions is expanding significantly. Thus, the growing use of concrete, vinyl, and other flooring solutions in the food and beverage processing industry is contributing to the growth of the market further states the research report, “Middle East & Africa Industrial & Commercial Flooring Market Analysis, 2024.”

The Middle East & Africa Industrial & Commercial Flooring Market Segmentation Analysis

Resilient Flooring Segment is Expected to Hold Major Market Share

Based on the material, the market is segmented into Resilient Flooring, Non-resilient Flooring, Soft Covering Flooring, and Others. Among them, the Resilient Flooring segment is expected to dominate the Middle East & Africa Industrial & Commercial Flooring Market during the forecast period, owing to the region's growing demand for durable, versatile, and cost-effective industrial and commercial flooring solutions. The growing demand for resilient floorings such as vinyl, rubber, and others from high-traffic areas found in industrial and commercial settings is fueling market expansion. Industrial warehouses, production facilities, and similar establishments require durable flooring systems to ensure efficient operations and minimize maintenance needs, thereby driving increased demand for resilient flooring solutions.

The UAE is Anticipated to Account for a Prominent Market Share

The UAE is expected to hold a considerable share due to its diverse economy and growing sectors such as manufacturing, retail, and tourism, which drive significant demand for industrial and commercial flooring across a wide range of end-user industries. Furthermore, the UAE's ambitious programs, like National Vision 2021 and UAE Vision 2021, focus on the construction of industrial and commercial infrastructure to help the country transition to a rising economy.

Also, the UAE's dedication to sustainability and innovation is in line with the market's growing need for environmentally friendly and technologically sophisticated flooring materials. Hence, the implementation of green construction regulations in projects increases demand for sustainable flooring solutions in the country's industrial and commercial sectors, further driving market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, Sika GCC, The Sherwin-Williams Company, Mapei Middle East & East Africa, LATICRETE Middle East LLC, Amtico International, Armstrong Flooring Inc, StonCor Middle East LLC (Flowcrete), Forbo Flooring Middle East DMCC, Gerflor Middle East, Interface, Inc, Twintec Middle East Industrial Flooring LLC, and James Halstead PLC and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Middle East & Africa Industrial & Commercial Flooring Market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?