The major players in the resilient flooring market are Mohawk Industries, Tarkett SA, Shaw Industries Group Inc, Armstrong World Industries Inc, Forbo Flooring, Gerflor Group, Interface Inc, Beaulieu International Group, Novalis Innovative Flooring, Congoleum, IVC Group of Belgium , Amtico International Co.
New York, June 06, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Resilient Flooring Global Market Report 2022” – https://www.reportlinker.com/p06284121/?utm_source=GNW
Ltd of United Kingdom, Mannington Mills Ltd of United States, Unilin of Belgium, Milliken and Company of United States, Nora, Fatra as, American Biltrite Inc, Polyflor Ltd, Burke Industries Inc, Karndean International Limited, Berkshire Hathaway Inc, Alite Floor, Pergo, Domco Tarkett Inc and DLW Flooring.
The global resilient flooring market is expected to grow from $31.85 billion in 2021 to $34.45 billion in 2022 at a compound annual growth rate (CAGR) of 8.15%. The growth is primarily driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, working remotely and the closure of business activities resulting in operational challenges. The market is expected to reach $47.27 billion in 2026 with a CAGR of 8.23%.
The resilient flooring market consists of the sale of resilient flooring products by entities (organizations, independent traders, and partnerships) that refer to polymer flooring engineered for comfort, flexibility, and design. Resilient flooring is a combination of fillers, binders and colors, and it is also known as vinyl flooring.
Filling materials include synthetic fibers, limestone and mineral fillers like asbestos. The material that binds the mixture will be either asphalt or resin.
Resilient flooring is made up of linoleum, asphalt, vinyl, rubber, wood, and cork.
The main types of resilient flooring are luxury vinyl tile, vinyl sheet and tile flooring, rubber, linoleum and others. Luxury Vinyl Tile is a high-tech, multi-layered vinyl floor that mimics types of flooring like stone tile or wood plank.
Resilient flooring is applied in construction activities such as renovations and new construction. These are also used in residential applications, commercial applications and other applications.
Asia-Pacific was the largest region in the resilient flooring market in 2021 and is also expected to be the fastest growing region during the forecast period. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rapid urbanization is contributing to the growth of the resilient flooring market. Economic, political and social problems will combine with the circumstances of modernization to induce people to migrate from rural to urban areas.
The expansion of modern offices, rapid urbanization and changing lifestyles are paving the way for the growth of new flooring substances. .
Urbanization attracts rural citizens for many reasons and creates a quality of life. Thus, rapid urbanization will drive the growth of the resilient flooring market.
Technological advancement is a key trend gaining popularity in the resilient flooring market. More and more consumers are looking for ideas to make homes more sustainable.
With trends such as solar panels and energy efficiency, more and more homeowners are using environmentally friendly building materials. Resilient flooring requires non-renewable resources to manufacture, making it difficult to manage consumer preference for sustainable materials.
For example, in 2021, Beaulieu Flooring is achieving strong sales to provide resilient flooring that meets design, function and durability in the future.
In November 2019, Armstrong World Industries, Inc., an American company and manufacturer of innovative commercial and residential ceilings, acquired MRK Industries, Inc. for an undisclosed amount. This acquisition will advance AWI’s strategy to sell in spaces and through powerful architectural specialties with the broadest portfolio and capabilities. MRK Industries, Inc. is an American company that manufactures specialty metal ceilings and exterior solutions.
The countries covered in the Resilient Flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06284121/?utm_source=GNW
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