Market Size of Middle-East and Africa Industrial Flooring Industry
| Study Period | 2018-2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2021 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
