INDUSTRIAL FLOORING MARKET ANALYSIS

High initial costs associated with installation can hamper the market growth. Industrial flooring such as epoxy, polymer, and cement-based flooring have substantial upfront expenses that many industrial facility owners are hesitant to invest in. While these types of floors provide benefits like durability, chemical resistance, ease of cleaning, and longevity that save on maintenance costs in the long-run, the steep price tag of installation acts as a barrier, especially for smaller businesses with tight capital budgets. In addition to material costs, proper installation of industrial flooring requires stripping of the existing floor, repair work if needed, and skilled labor that follows strict application procedures. The specialized equipment, tools, and time needed for replacing an industrial flooring surface further contributes to the high initial expenditure.

Opportunity: Advances in flooring material technology

Advances in flooring material technology can offer an opportunity for growth of industrial flooring market. Industrial floors endure heavy usage, loads and exposure to harsh chemicals, thus, making durability and functionality top priorities. The development of advanced polymer composite materials is revolutionizing industrial flooring. These materials offer supreme strength and resilience as compared to traditional concrete while being much lighter weight. These can withstand temperatures from cryogenic to over 200°F and are nonconductive. Their monolithic, seamless quality helps prevent damage from impacts, cracks or punctures. These composite floors require little to no maintenance and have longer lifecycles, minimizing replacement and downtime costs.