According to our latest market study on “Global Anti-Static Floor Market to 2027 – COVID-19 Impact and Global Analysis–by Type (Resilient Anti-Static Flooring, Non-Resilient Anti-Static Flooring) and Application (Cleanrooms, Hyperbaric Spaces in Healthcare Settings, Electronics Manufacturing, Others); and Geography,” the market was valued at US$ 3,067.0 million in 2019 and is projected to reach US$ 5,113.7 million by 2027; it is expected to grow at a CAGR of 6.7% from 2020 to 2027.The report highlights key factors driving the market growth, and prominent players and their developments in the market.
MOHAWK GROUP, TARKETT, GERFLOR, FLOWCRETE, and FORBO – PROMINENT MARKET PARTICIPANTS IN ANTI-STATIC FLOOR MARKET
Anti-static floors help by absorbing the static electricity that builds up naturally in any environment and moving it through the floor to ground. By grounding the charge, anti-static flooring prevents the ESD from building up and discharging into the environment, where it could be destructive to goods or dangerous to people. The discharge may be visible as a spark or tiny blue bolt of electricity, although the majority of static electricity is not usually apparent. Anti-static flooring can either be static dissipative or conductive.
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Urbanization evolves with economic growth and industrialization. The substantial increase in energy demands and continuously growing energy consumption are driving the need for establishment of new production units of these energy sources. Industrialization plays a pivotal role in the growth of developing economies. The trade specialization of each country leads them toward real economic growth and stability. Advances in robotics, artificial intelligence (AI), and additive manufacturing have led to increasing establishment of industries in countries around the world.
Growth of Industrialization and Urbanization to Drive Anti-static Floor Market Growth
The electronics and consumer goods industries are experiencing accelerated expansion and growth, mainly in Asian economies. According to the India Brand Equity Foundation (IBEF), the electronics industry has attracted strong investments from mergers and acquisitions as well as other foreign direct investment (FDI) inflows. This has led to the rapid establishment of new production units in India by local as well as foreign manufacturing companies. Further, government investments to promote urbanization also push the anti-static market growth. For instance, in 2018, the Union Cabinet allocated up to US$ 1.7 billion in benefits to the electronics sector in India.
On the basis of type, the anti-static floor market is categorized into resilient Anti-static flooring and non-resilient anti-static flooring. In 2019, the resilient Anti-static flooring segment dominated the market by accounting for 92% of the total market share. Resilient flooring system is denser and non-absorbent in nature. They assure a pliant surface that makes comfortable walking. These flooring also assure guarantee in having lesser maintenance. Resilient flooring also absorbs sound, which provides quieter and more peaceful living space. There is a wide range of technological advantages in this category of flooring. Growing urbanization and industrialization have resulted in a high and immediate requirement for resilient flooring in industrial areas, housing projects, and IT parks
The COVID-19 pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global construction industry, once booming due to the huge residential and commercial construction projects in China and the US, has been affected by the suspension of the construction activities across the affected countries. The construction industry in the US is expected to take a major hit due to labor shortage and government-imposed lockdown during COVID-19. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to hinder the anti-static floor industry in the coming months.
Some of the major key players operating in the global anti-static floor market include Armstrong World Industries, Inc. (AWI), Gerflor, LG Hausys, Altro Ltd, Ecotile Flooring Ltd., Tarkett, Mohawk Group, Flowcrete Group Ltd., Forbo International SA, and Julie Industries among many others. The major players in the anti-static floor market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally. For instance, in Jan 2018, Tarkett, invested a total of USD 85.9 million over the next three years to expand its luxury vinyl tiles (LVT) production capacity in North America and Europe. These investments will strongly optimize company’s equipment, increase their local luxury vinyl tiles (LVT) production capacity, improve our supply chain efficiency and enhance their customer service.
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