Global Floor Pad Market 2017-2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Floor Pad Market 2017-2021" report to their offering.

The analysts forecast the global floor pad market to grow at a CAGR of 3.59% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global floor pad market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of the industrial floor pads worldwide.

According to the report, one of the major drivers for this market is growth in global industrial production. Industrial production (includes manufacturing, mining, and construction) is the prime growth driver for the global floor pad market. The global economy has recovered considerably since the economic downturn of 2008, driven particularly by the robust growth in the manufacturing sector in most regions. The demand for manufactured goods is constantly rising due to rapid infrastructural development, favorable federal policies, and rising disposable incomes.

The latest trend gaining momentum in the market is evolution of melamine pads. These have been designed to address the issue of shallow grout lines, which has been a challenge for years. These pads are flexible in nature and thus clean up irregular stone surfaces as well. Melamine pads can also be used to prepare the floor surfaces for re-coating.

Further, the report states that one of the major factors hindering the growth of this market is slowdown in non-residential sector. Non-residential construction expenditure could slow down in 2016-2017 in the wake of a turbulent global economy and political instability in many countries. However, at the same time, the decelerating overall economy could somewhat extend to the construction industry, with the biggest drop-off expected in the industrial facility sector over the next year and a half.

Market drivers

- Growth in global industrial production

Market challenges

- Slowdown in non-residential sector

Market trends

- Evolution of melamine pads

Key vendors

- 3M

- Americo Manufacturing

- Newell Brands

Other prominent vendors

- Electrolux

- ETC of Henderson

- Janex Floor Pads

- Jon-Don

- Parish Maintenance Supply

- Saint-Gobain

For more information about this report visit http://www.researchandmarkets.com/research/gk7spr/global_floor_pad

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Flooring

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Flooring