At 3.7% CAGR, South & Central America Industrial Concrete Flooring Market is Projected to be Worth US$ 3,030.53 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America industrial concrete flooring market was valued at US$ 2,271.66 million in 2022 and is projected to reach US$ 3,030.53 million by 2030, registering a CAGR of 3.7% from 2022 to 2030. Increasing demand for polished concrete for industrial flooring and focus on using sustainable solutions in industrial construction are among the critical factors attributed to drive the South & Central America industrial concrete flooring market growth.

In recent years, there has been a rising inclination toward sustainable and green construction activities. Green and sustainable construction is the practice of developing and using more resource-efficient construction products. The construction industry is resource-intensive, and constructing a building consumes a lot of natural resources. Green construction causes a negligible impact on the natural environment of the project site. As a result, there is a growing focus on green construction. Also, factors such as the rise in awareness of the environmental effects of different building materials and changes in government policies are leading to the large-scale adoption of green and sustainable products for construction. Various players operating in the construction industry are also paying high attention to factors such as Leadership in Energy and Environmental Design (LEED) ratings and green points. For the industrial construction sector, sustainable development is an essential consideration. By incorporating green building practices and materials, industrial construction projects try to reduce their environmental impact and contribute to a more sustainable future.

Green concrete is a material that promises not only strength and durability but also significantly reduces environmental footprints. Green polished concrete floors are suitable for those seeking a harmonious blend of sustainability, practicality, and aesthetics in their flooring solution. Many manufacturing and warehouse facilities are seeking LEED certification, a globally recognized green building rating system. These facilities opt for polished concrete floors owing to their environmentally friendly attributes. Therefore, the trend of focusing on using sustainable solutions in industrial construction is expected to boost the industrial concrete flooring market growth.

On the contrary, availability of alternative products hampers the growth of South & Central America industrial concrete flooring market.

Based on type, the South & Central America industrial concrete flooring market is segmented into overlays, polished concrete, epoxy chip flooring, and others. The epoxy chip flooring segment held 50.1% market share in 2022, amassing US$ 1,136.99 million. It is projected to garner US$ 1,554.27 million by 2030 to register 4.0% CAGR during 2022-2030.

Based on application, the South & Central America industrial concrete flooring market is segmented into manufacturing facility, warehouses, and others. The warehouses segment held 45.8% market share in 2022, amassing US$ 1,040.91 million. It is projected to garner US$ 1,365.66 million by 2030 to register 3.5% CAGR during 2022-2030.

Based on end-use industry, the South & Central America industrial concrete flooring market is segmented into food and beverages, chemicals, healthcare, transportation, and others. The food and beverages segment held 42.0% market share in 2022, amassing US$ 954.81 million. It is projected to garner US$ 1,292.58 million by 2030 to register 3.9% CAGR during 2022-2030.

Based on country, the South & Central America industrial concrete flooring market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 54.3% share of South & Central America industrial concrete flooring market in 2022. It was assessed at US$ 1,232.63 million in 2022 and is likely to hit US$ 1,672.81 million by 2030, registering a CAGR of 3.9% during 2022-2030.

Key players operating in the South & Central America industrial concrete flooring market are Becosan UK Ltd, RCR Industrial Flooring SLU, Sika AG, Sintokogio Ltd, and Twintec Group Ltd, among others.

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