According to a research report by Global Market Insights Inc., the global value of the concrete flooring market will rise from £1.09 billion to £1.3 billion by 2026.
Most of this growth will be from the construction industry increasing their use of concrete flooring with protective layers in warehouses and factories. Countries with emerging economies are increasing their manufacturing capacity, and this will fuel demand for concrete flooring.
Another growth area is office space. Many employees are working from home, but as the coronavirus threat lessens, many will return to their offices.
Many countries are increasing investment in their infrastructure with both indoor and outdoor facilities. Around 65% of concrete flooring is installed inside, and as new building construction increases, this proportion could increase.
A rise in online shopping has increased demand for warehousing in Europe and North America, and most warehouses use concrete flooring. Western Europe accounts for 25% of the world demand for concrete flooring. Europe is concerned about volatile organic compound (VOC) emissions, and this has led leading coating manufacturers Henkel and BASF to develop eco-friendly coatings for concrete floors.
Governments in Latin America and the Asia-Pacific regions are also encouraging manufacturing, and this has fuelled concrete flooring demand.
The report notes that polyurethane concrete flooring coatings are favoured by many industrial users. These make concrete flooring hard-wearing, slip-resistant and easy to maintain. Cleaning these floors is quick and efficient, which is important in preventing the spread of COVID-19.
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