Increasing use of heavy-duty flooring materials in various industrial and commercial facilities is a key factor driving market revenue growth

High Performance Flooring System 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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Top Companies: Mannington Mills, Inc., Polyflor Ltd., Gerfloor, Tarkett S.A., Stonhard, Surface Solutions, Cornerstone Flooring, Fosroc, Inc., RPM International Inc., and VIACOR Polymer GmbH.

Further Key Finding from the Report Suggestion:

• 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.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global High Performance Flooring System Market is segmented into:

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.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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