DUBLIN–(BUSINESS WIRE)–The report “Floor Coatings Market – Global Industry Analysis (2017-2020) – Market Growth Trends and Forecasts (2021-2025)” has been added to from ResearchAndMarkets.com offer.
The global flooring market is expected to be worth US$285.5 billion by 2025, from US$208.8 billion in 2017. The market is expected to register a CAGR of 6.9% during the period forecast, as the increase in renovation and remodeling makes flooring matter.
Shaw Industries Group, Inc.
Beaulieu International Group SA
Forbo Holding AG
RAK Ceramic PJSC
Mannington Mills Inc.
Balta Industries S.A.
The global flooring market is expected to be boosted as construction and renovation activities increase. An essential component of the interior, the demand for flooring is expected to increase as modern tiles provide better aesthetics and functionality to a given space. The publisher states that flooring accounts for around 10% of the total construction cost, indicating a good market growth rate during the forecast period between 2021 and 2025.
Residential Flooring Demand to Drive Growth
In 2018, the residential sector held a share of nearly 50% of the global flooring market. The growing number of home buyers, especially in developing economies, is expected to drive up demand for this segment. Smaller family units, improved incomes, focus on improving living standards and the availability of a wide range of flooring options, from tiles to carpet, have encouraged the segment to achieve new heights in recent years. Analysts predict the trend is set to continue as India and China see a construction boom to accommodate the migrant population in urban spaces.
Ceramic tiles show dominance
It has been noted that ceramic tiles held the highest share in the global flooring market historically and in estimation. Their popularity, easy installation processes and wide range of available designs have won the segment a large following in the commercial, industrial and residential sectors.
In 2018, the segment held approximately 60% of the total flooring market. Ceramic tiling allows the look to be seamless, providing visual appeal that is much appreciated by end users. Additionally, with designs that cleverly mimic natural stones, the demand for ceramic tiles is cleverly thwarted from natural stones, providing end users with the same feel at a lower cost and greater efficiency. The maintenance of ceramic tiles is lower compared to natural stones, which has also been a winning point for the segment over the years.
The wide range of housing projects in Asia-Pacific allows the regional market to take the lead
The rise of housing projects at a monumental rate across Asia-Pacific is expected to be the major reason for the region’s lion share in the global flooring market. Industrialization, urbanization and growing number of new home buyers due to younger demographics are expected to support the demand for the flooring market.
The increase in investment in construction and renovation in these countries has also created a positive effect on the demand for flooring. The strong presence of flooring companies across India will make a significant contribution to the booming regional market. Players like Kajaria Ceramics, Welspun Flooring Ltd., Nitco Tiles, Orient Bell and RAK Ceramics have unwavering forces driving the Indian flooring market with constant innovation in design.
Main topics covered:
2. Market Overview
2.1. Market definitions and segmentations
2.2. Market dynamics
2.2.3. Market opportunities
2.3. Value chain analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 impact analysis
2.6. Economic overview
3. Production and trade statistics
4. Price Trend Analysis and Future Plans 2017 – 2025
4.1. Analysis of price trends and future plans 2017 – 2025
4.2. Global average price analysis, by product vs. application, US$ per kg
5. Global Flooring Market Outlook 2017-2025
6. North America Flooring Coatings Market Outlook 2017-2025
7. Europe Flooring Market Outlook 2017-2025
8. Asia-Pacific Flooring Market Outlook 2017-2025
9. Latin America Flooring Coatings Market Outlook 2017-2025
10. Middle East & Africa Floor Coverings Market Outlook 2017-2025
11. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/3oia82