The global anti-static floor market was valued at approximately US$ 3,067.0 million in 2019 and is projected to grow to around US$ 5,113.7 million by 2027, reflecting a compound annual growth rate (CAGR) of 6.7% from 2020 to 2027.
In 2019, North America dominated the global anti-static flooring market. The region's continuous technological innovations and the presence of numerous technology companies have enabled it to maintain a competitive edge in the global marketplace. Businesses in North America are consistently improving their operations to satisfy consumer demand for high-quality products and services. Anti-static flooring is favored across various sectors, including electronics, automotive, and construction, due to its durability, low maintenance needs, and ability to prevent static electricity shocks. Additionally, these flooring solutions are utilized in healthcare facilities, educational institutions, and various other buildings. The electronics and construction sectors in North America are experiencing significant growth, driven by increased investments. According to the International Trade Administration (ITA), foreign direct investment (FDI) in the U.S. automotive industry reached US$ 114.6 billion in 2018.
The Asia Pacific region is anticipated to be the fastest-growing market for anti-static flooring during the forecast period. Factors such as low manufacturing costs, rising disposable incomes, and supportive government initiatives, like China's National New-type Urbanization Plan, are propelling the growth of the flooring market in this area. China stands out as the largest market for anti-static flooring in the region, largely due to its thriving construction sector. The ongoing increase in new housing developments and substantial investments in infrastructure present significant opportunities for growth. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in collaboration with the Asian Development Bank, UN-Habitat, the Rockefeller Foundation, the Centre for Livable Cities (Singapore), and UNDP, is working on the Future of Asia and Pacific Cities 2019 Report, which focuses on urban development in the Asia-Pacific region.
The COVID-19 pandemic has had a profound impact on economies and industries worldwide, leading to lockdowns, travel restrictions, and business closures. The global construction sector, which had been thriving due to residential and commercial projects in China and the U.S., has faced significant disruptions due to halted construction activities in affected regions. The U.S. construction industry is expected to suffer greatly from labor shortages and government-imposed lockdowns during the COVID-19 crisis, which will likely be exacerbated by supply chain disruptions and financial challenges. Furthermore, international travel bans across Europe, Asia, and North America are hindering business collaborations and partnership opportunities. These factors are expected to constrain the operations of the anti-static flooring industry in the coming months.
The overall size of the anti-static flooring market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast of the anti-static flooring market across various segments and regions. Additionally, numerous primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights. Participants in this research typically included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the anti-static flooring market. Some of the prominent companies operating in the global anti-static flooring 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.