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The Global Industrial Decorative Flooring Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of the global Industrial Decorative Flooring market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Industrial Decorative Flooring Market Analysis, 2020”, the global Industrial Decorative Flooring market is anticipated to grow at 3.5% CAGR during 2020-25. Burgeoning popularity for eco-friendly bio-based flooring and the performance of polyaspartic coatings are anticipated to boost the demand for industrial decorative floor coatings. However, strict regulations for releasing the Volatile Organic Compunds (VOCs) on the floor in end-user application industries are expected to restrain the growth of the Industrial Decorative Flooring market during 2020-25.
New Construction Projects to Propel the Demand
The rising construction projects across the globe in the food & beverage, automotive, transportation, and logistics sectors is anticipated to strongly contribute to the growth of industrial decorative flooring market in the forthcoming period. In addition, the requirement for anti-dust, anti-allergic flooring is expected to add to the demand for industrial decorative flooring.
Rising Investment in Asia-Pacific Region is Creating Huge Demand for Industrial Decorative Flooring
As the APAC region is continuously developing, especially due to the establishment of various kinds of industries and infrastructural changes, the region is expected to show a fostering demand for this industry. The upcoming and ongoing construction projects in the countries are expected to advance the demand further through 2025. However, there has been an economic slowdown in the countries due to the outburst of pandemic COVID-19 which has had a negative impact as the production units in several industries are fully at a halt. The countries such as India and China are facing a slowdown due to the lockdown situation. COVID-19 could act as a key restraining factor in the growth of the Industrial Decorative Flooring market in 2020.
According to MarkNtel Advisors, Sika AG, Sherwin williams company, MAPEI, LATICRETE International Inc., BASF SE, Arkema S.A., Henkel AG & Company, KGaA, RPM International Inc, Akzo Nobel N.V., PPG Industries, Covestro AG, The Lubrizol Corporation, Michelman, inc., Kansai Paint Co., Ltd., The Jotun Group, Nippon Paint, Asian Paints, Teknos Group, Tikkurila Oyj, and Florock are few of the leading players in the Global Industrial Decorative Flooring Market.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Industrial Decorative Flooring Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What would be the growth rate or CAGR of the Global Industrial Decorative Flooring Market during 2020-25?
A. The growth rate of the Global Industrial Decorative Flooring Market during 2020-25 is forecast to be around 3.5%.
Q. Who are the key competitors or players operating in the Global Industrial Decorative Flooring Market?
A. Sika AG, Sherwin williams company, MAPEI, LATICRETE International Inc., BASF SE, Arkema S.A., Henkel AG & Company, KGaA, RPM International Inc, Akzo Nobel N.V., PPG Industries, Covestro AG, The Lubrizol Corporation, Michelman, inc., Kansai Paint Co., Ltd., The Jotun Group, Nippon Paint, Asian Paints, Teknos Group, Tikkurila Oyj, Florockare few of the leading players in the Global Industrial Decorative Flooring Market.
Q. Which end-user application segment would emerge as an opportunity area for players in Global Industrial Decorative Flooring Market?
A. The food and beverage industry segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Industrial Decorative Flooring Market?
A. Asia-Pacific region grabbed a significant market share continues to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of the Global Industrial Decorative Flooring Market.
