Australia and New Zealand Industrial Flooring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Posted April 25, 2021 by Statzyreports

The Australia and New Zealand Industrial Flooring Market was estimated at over at USD 50 million in 2020 and the market is projected to register a CAGR of more than 5.5% during the forecast period (2021-2026).
The Australia and New Zealand Industrial Flooring Market was estimated at over at USD 50 million in 2020 and the market is projected to register a CAGR of more than 5.5% during the forecast period (2021-2026). The industrial flooring market is hampered by the COVID-19 pandemic, as the building and construction industry came to standstill owing to unavailability of raw materials, shortage of laborers, and disruption in the supply chain. Loss of investment plans and termination of planned projects might be experienced in the market after the lockdown and normalization of business operations, further affecting industrial flooring across the region. However, due to the outbreak of COVID-19, the food and beverage industry also had a slight hit except for the sale of essential products, which in turn, had a moderate effect on the market studied.

- Over the medium term, the growth of industrial flooring market is likely to be driven by the growing awareness pertaining to the advantages of industrial fooring. Industrial floorings, having gradually changed over time from conventional cement flooring tiles to dust-free monolithic floors, play a vital role in productivity, safety, and housekeeping. There are different types of industrial floorings, which include PU flooring, PE foam flooring, and epoxy flooring, among others. They provide excellent pavements, in terms of strength, thickness, flexibility, washability, aesthetics, resistance to toxic and corrosive chemicals, mechanical abrasion, static, and microbial outgrowth, among many other factors.
- Owing to the high-value assets in the industrial spaces, coatings used for industrial applications require tolerance to withstand harsh conditions. The ongoing changes in the regulatory environment and growing awareness regarding VOC emissions have been augmenting the consumption of water-based coatings in industrial applications as well.
- Food and beverage industry is one of the most major user of industrial flooring. Cleanliness and purity are of paramount importance in the food and beverage industry. Due to this, it is mandatory for this industry to apply an appropriate protective coating on the concrete floor.

Key Market Trends

Epoxy Flooring to Drive the Market Growth

- Epoxy is a material that serves as a sealant for concrete floors. It creates a shiny gloss surface and increases the brightness of the coated area by up to 200%.
- Epoxy is made up of two components - resins and hardeners. The chemical reaction caused by mixing these components leads to the production of a rigid plastic material. This plastic material exhibits several properties, such as high strength, resistance to degradation, and strong bonding ability to its substrate.
- This epoxy can be used as a thick flooring material over a concrete subfloor or can be used to provide a protective layer on the substrate. If the thickness of epoxy material, which is applied to the floor, is more than 2 mm, it is called an epoxy floor. However, if the thickness of epoxy remains less than 2 mm, it is referred to as epoxy floor coating. The service life of epoxy coatings is expected to be about 20 years or more.
- The application of epoxy flooring offers various benefits. For instance, it provides excellent heat, spillage, slippage, abrasion, and chemical resistance, when applied on the surface. It can provide adhesion to cement, metal, or wood surface. The surface applied with epoxy remains antistatic, seamless, and is easier to clean and maintain.

- Water-based or dispersed epoxy resin floor materials do not contain dangerous solvents or VOCs (Volatile Organic Compounds), and therefore, they can be used safely in occupied areas. Additionally, these resins are not sensitive to naked flames, and more importantly, when used in the food and beverage industry, these resins do not contaminate foodstuffs or beverages.
- Solvent-free epoxy resin flooring products have much higher epoxy resin contents, and they are also used in much thicker layers and thus provide higher performance and protection for the floor. These resins are mostly used in factory process and production areas with increased traffic, abrasion, or liquid chemical exposure.
- Owing to such properties, epoxy resins are used extensively in the industrial areas, commercial buildings, and public places, including shopping malls, garage, institutions, hospitals, schools, industrial buildings, prisons, and sports halls. However, in recent times, the usage of epoxy coatings can also be seen in residential applications.

- Hence, owing to the on-going construction activities in the region, the demand for epoxy resins in the industrial flooring market is expected to increase during the forecast period.

Food and Beverage Segment to Dominate the Market

- In the food and beverage industry, industrial flooring has a vital role as these spaces have to maintained hygienic from spills, meeting the highest hygienic standards and withstanding extreme thermal, mechanical, and chemical impact and others.

- A combination of chemical resistance, durability, and antistatic features comprising flooring representing a safe working environment are used in the food & beverage industry. The antistatic properties of the flooring system protects electrostatic-sensitive devices and can be used in explosion hazard areas.
- The Global Food Safety Initiative (GFSI), the Food Standards Agency (FSA) and the European Food Safety Authority (EFSA) has issued stipulations to ensure food factories maintain the highest standards of handling and production. Many of these flooring used in this industry helps maintain non-slip resin nature and are antimicrobial and comply with strict hygiene and safety standards.
- The flooring for food & beverages are designed in a way resistant for steam and hot water wash-downs, resistant to cleaning chemicals and impervious to animal fats, even under heavy-use conditions. This application of industrial flooring is reducing the maintenance cost due to sticky stains and others in the industry.

- Consumables range from meat and poultry, dairy, beverage, agricultural products, baked goods, frozen and prepared food, which comprise the industry, and proper flooring is a must; otherwise, it may subject to rot.
- The Australian food industry witnessed significant growth over the past few years. The revenue generated by the Australian food industry increased from USD 34,230 in 2010 to around USD 46,656 million in 2019. The growing demand for food is a major driving factor for industrial flooring in Australia.
- The growing meat consumption in the country is a major driving factor for the market in New Zealand. The per capita consumption of meat in the country had increased from 3.25 kg per capita in 2017 to around 4.04 kg per capita in 2019.

- However, the recent COVD-19 outbreak negatively affected the economy, which in turn, is expected to restrain the market studied in the short run.

Competitive Landscape

The market for industrial flooring is fragmented in nature. The major players in the market include ANTISKID INDUSTRIES, Multiblast Industrial Flooring, Roxset Australia, Sika Australia, and Bethell Flooring, among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit:
-- END ---
Contact Email [email protected]
Issued By Statzy Market Research
Phone +918484035727
Business Address 204, 2nd Floor, Gauri Commercial Complex,Plot No - 19,
SECTOR 11, C B D Belapur, Navi Mumbai, Maharashtra,400614
Country India
Categories Industry , Manufacturing
Tags australia and new zealand industrial flooring market , australia and new zealand industrial flooring market analysis , australia and new zealand industrial flooring market forecast , australia and new zealand industrial flooring market share , australia and new zealand industrial flooring market size , australia and new zealand industrial flooring market trends , covid19 impact
Last Updated April 25, 2021