Flooring Market Forecast to 2028


New York, July 20. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type, Material, and Application” – https://www.reportlinker.com/p06295671 /?utm_source=GNW
Tiles are one of the most versatile floor types that can give a more personalized look to any space.

There are different flooring options in tiles, such as porcelain tile, glass tile, vitrified tile, luxury vinyl tile, ceramic tile, marble tile, and granite tile. Tiles have an endless range of textures, colors and styles.

In addition, the tiles are durable, flexible, repairable and replaceable. The flooring market is primarily driven by increasing consumer investment in renovation and refurbishment activities and strong demand for vinyl flooring.

Vinyl flooring is cost effective and has many features such as durability, flexibility in handling and easy design possibilities which makes it suitable for use in hospitals, schools, offices and homes. The advancement of technology in the flooring market will provide lucrative opportunities for the growth of the flooring market over the forecast period. Additionally, growing consumer focus on cost-effective products is expected to fuel the market growth.

The global flooring market has been segmented on the basis of materials into carpets & rugs, wood, laminates, vinyl sheets & tiles, ceramic tiles, stone and others. The ceramic tile segment held the largest share of the global flooring market in 2021.

Ceramic tiles are composed of various minerals and clays such as feldspar, zircon, bentonite and kaolin. These ceramic tiles are mainly used in offices, shopping malls, bathrooms, homes, restaurants and stores, etc.

They are durable, rigid and environmentally friendly materials that comply with green building standards and are thus gaining popularity in flooring and wall covering applications. These products are commercially available in a wide range of colors, sizes and textures, which attract consumers. for high end flooring applications.

Hence, the demand for visual appeal in ceramic tiles is driving product innovations such as the development of natural and wood finish designs which are expected to aid in the overall expansion of the market.

In 2021, Asia-Pacific held the largest revenue share of the global flooring market. The Asia-Pacific flooring market includes China, India, Japan, South Korea and Australia.

Rising expenditure on renovation and affordable housing development and increase in residential projects are the major drivers of the flooring market in Asia Pacific. In Asia-Pacific, growth in the construction sector is driven by increased spending on renovations and affordable housing development.

Moreover, an increase in residential projects in emerging countries like India is contributing positively to the growth of the construction industry. All these factors create the demand for different flooring products.

The Asia-Pacific flooring market is competitive and dynamic due to the large presence in the region of manufacturers and associated flooring and construction companies. However, short to medium term elements such as the US-China trade war, tight access to credit, and rising commercial and residential property prices are expected to restrain construction activity in the region. »

Mohawk Flooring; Shaw Industries Group, Inc.; Tarket; Armstrong Flooring, Inc.; Forbo International SA; Gerflor; Interface, Inc.; Beaulieu International Group; Toli Company; and Milliken are some of the major players operating in the global flooring market. The players operating in the global flooring market constantly focus on strategies such as investments in research and development activities and new product launches. These market players are highly focused on developing high quality and innovative product offerings to meet customer requirements.

The global global flooring market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Additionally, several primary interviews were conducted with industry participants to validate the data and gain more analytical insights on the topic. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as evaluation, research analysts and key opinion leaders specializing in the flooring market.
Read the full report: https://www.reportlinker.com/p06295671/?utm_source=GNW

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