Market Size of South America Industrial Flooring Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Industrial Flooring Market Analysis
The South American industrial flooring market is expected to register a CAGR of over 4.5% during the forecast period.
- Over the short term, South America's industrial flooring market is driven by the rising demand from the food and beverage and pharmaceutical industries.
- However, some industrial flooring materials may not be compliant with regional environmental requirements, making them challenging to use in this region.
- Nevertheless, bio-based flooring is frequently more affordable than conventional flooring materials and will act as an opportunity for the market's growth in the future.
- Brazil is expected to dominate the South American industrial flooring market during the forecast period due to high demand from the growing industrial sector.
South America Industrial Flooring Industry Segmentation
Industrial flooring is a long-lasting covering for concrete floors that improves features like load-bearing capacities and chemical and abrasion resistance based on the demands of the individual end-user industry. Manufacturing, automotive, food and beverage, and pharmaceutical industries are just a few of the sectors that use industrial flooring. It is anticipated that the necessity for increased safety and durability in industrial settings will drive the demand for industrial flooring.
The market is segmented by 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 Brazil, Argentina, and Rest of South America. The report also covers the market size and forecasts for the market in two countries across major regions. For each segment, the market sizing and forecasts have been provided on the basis of revenue (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 | |
Brazil | |
Argentina | |
Rest of South America |
South America Industrial Flooring Market Size Summary
The South American industrial flooring market is poised for growth, driven by increasing demand from the food and beverage and pharmaceutical sectors. These industries require specialized flooring solutions that are durable, easy to maintain, and compliant with stringent hygiene standards. Despite challenges related to environmental compliance of some flooring materials, the market is expected to benefit from the affordability of bio-based flooring options. Brazil is anticipated to lead the market due to its expanding industrial sector, which includes significant contributions from automotive, food and beverage, and pharmaceutical industries. The region's market dynamics are further supported by the economic growth and large populations in key countries such as Argentina, Chile, and Peru, which are experiencing rising demand for industrial flooring in manufacturing and production facilities.
The Brazilian market, in particular, is experiencing robust growth due to its status as one of the largest automotive markets globally and its competitive pharmaceutical industry. The food and beverage sector in Brazil also plays a crucial role in the economy, with a substantial portion of its output consumed domestically and a significant share exported. These factors contribute to the steady rise of the industrial flooring market in Brazil over the forecast period. The market is characterized by a degree of fragmentation, with major players including Armstrong Flooring Inc., Burke Flooring, Dur-A-Flex Inc., and others, who are actively shaping the competitive landscape. Overall, the South American industrial flooring market is expected to expand, driven by the burgeoning food and pharmaceutical industries and the increasing need for advanced flooring solutions in industrial settings.
South America 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 the Chemicals Industry
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1.2 Restraints
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1.2.1 Stringent Regulations on VOCs Released on 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 Buyers
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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 Brazil
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2.4.2 Argentina
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2.4.3 Rest of South America
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South America Industrial Flooring Market Size FAQs
What is the current South America Industrial Flooring Market size?
The South America Industrial Flooring Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in South America Industrial Flooring Market?
Armstrong Flooring Inc, Polyflor America, Roppe Corporation, Forbo Flooring Systems and Tarkett are the major companies operating in the South America Industrial Flooring Market.