Market Size of Middle-East and Africa Industrial Flooring Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
MEA Industrial Flooring Market Analysis
The Middle East and Africa industrial flooring market is projected to register a CAGR of over 6% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Several countries imposed lockdowns and social distancing mandates which led to supply chain disruption and temporary halts in different industries. All the construction work and other activities were put on hold to curb the spread of the virus, thereby negatively affecting the market. However, the market is projected to grow steadily, owing to increased building and construction activities in 2021.
- Over the short term, growing awareness about the advantages of industrial flooring, coupled with the increasing demand from the industrial construction sector, are major factors driving the growth of the market studied.
- However, stringent regulations against VOCs in industrial flooring are a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the increasing popularity of bio-based flooring and promising performance of polyaspartic coating are likely to create lucrative growth opportunities for the market.
MEA Industrial Flooring Industry Segmentation
Industrial flooring is a permanent cover over concrete floor to enhance properties such as load-bearing capacities and chemical and abrasion resistance based on the specific end-user industry requirement. The market is segmented on the basis of resin type, application, end-user industry, and geography. By resin type, the market is segmented into epoxy, polyaspartic, polyurethane, acrylic, and other resin types. By application, the market is segmented into concrete, wood, and other applications. By end-user industry, the market is segmented into food and beverage, chemical, transportation and aviation, healthcare, and other end-user industries. By geography, the market is segmented into Saudi Arabia, South Africa, and Rest of Middle East and Africa. The report covers the market size and forecasts for the market in two regions of the Middle East and Africa region. For each segment, the market sizing and forecasts have been provided on the basis of value (USD million).
By Resin Type | |
Epoxy | |
Polyaspartic | |
Polyurethane | |
Acrylic | |
Other Resin Types |
By Application | |
Concrete | |
Wood | |
Other Applications |
By End-user Industry | |
Food and Beverage | |
Chemical | |
Transportation and Aviation | |
Healthcare | |
Other End-user Industries |
By Geography | |
Saudi Arabia | |
South Africa | |
Rest of Middle East and Africa |
Middle-East and Africa Industrial Flooring Market Size Summary
The Middle East and Africa industrial flooring market is anticipated to experience steady growth over the forecast period, driven by increased construction activities and heightened awareness of the benefits of industrial flooring. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and halted construction projects, the market is rebounding as countries in the region ramp up building and development efforts. The demand for industrial flooring is particularly bolstered by its unique features, such as anti-bacterial properties, abrasion and chemical resistance, and easy maintenance, which make it a preferred choice in the construction sector. However, the market faces challenges from stringent regulations concerning volatile organic compounds (VOCs) in industrial flooring, which could potentially hinder growth. Nonetheless, the rising interest in bio-based flooring and the promising performance of polyaspartic coatings present new opportunities for market expansion.
In the Middle East, large-scale projects like Saudi Arabia's Vision 2030 initiatives, including the Jeddah Economic City and Qiddiyah City Project, are expected to significantly boost the demand for industrial flooring. Similarly, South Africa's construction sector, supported by funding from the United Kingdom, is witnessing substantial developments such as the Nkuna Smart City Project and the Cornubia housing project, which are set to drive market growth. The industrial flooring market in this region is characterized by its fragmented nature, with key players including Cape Industrial Flooring, Floormaster Industrial Flooring, and Flowcrete, among others. Strategic expansions, such as the opening of new offices by companies like CoGri Group in Saudi Arabia, further indicate the market's potential for growth and development in the coming years.
Middle-East and Africa Industrial Flooring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Awareness about the Advantages of Industrial Flooring
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1.1.2 Increasing Demand from Industrial Construction Sector
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1.2 Restraints
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1.2.1 Stringent Regulations against VOCs in Flooring
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 By Resin Type
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2.1.1 Epoxy
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2.1.2 Polyaspartic
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2.1.3 Polyurethane
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2.1.4 Acrylic
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2.1.5 Other Resin Types
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2.2 By Application
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2.2.1 Concrete
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2.2.2 Wood
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2.2.3 Other Applications
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2.3 By End-user Industry
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2.3.1 Food and Beverage
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2.3.2 Chemical
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2.3.3 Transportation and Aviation
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2.3.4 Healthcare
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2.3.5 Other End-user Industries
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2.4 By Geography
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2.4.1 Saudi Arabia
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2.4.2 South Africa
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2.4.3 Rest of Middle East and Africa
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Middle-East and Africa Industrial Flooring Market Size FAQs
What is the current Middle-East and Africa Industrial Flooring Market size?
The Middle-East and Africa Industrial Flooring Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Industrial Flooring Market?
Cape Industrial Flooring, Floormaster Industrial Flooring Solutions, Flowcrete Group Ltd. , Saudi Industrial Flooring Co. and Klikflor Pty Ltd are the major companies operating in the Middle-East and Africa Industrial Flooring Market.