Global Flooring Coatings Market Analysis Report 2022-2026

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Dublin, May 20, 2022 (GLOBE NEWSWIRE) — The “Flooring – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global Flooring Market to Reach US$474.5 Billion by 2026

Amid the COVID-19 crisis, the global flooring market estimated at US$369.6 billion in 2022 is expected to reach a revised size of US$474.5 billion by 2026, with growth at a CAGR of 6% over the analysis period.

Growing urban population, rapid urbanization, increasing consumer disposable income, and industrialization have resulted in positive growth of the global flooring market. The increased focus on remodeling has further boosted the flooring market, especially sustainable flooring such as reclaimed wood which is growing as retailers focus more on eco-friendly and biodegradable products.

Sustainable flooring installations also help increase the building’s LEED or Leadership in Energy and Environmental Design points. Rising investment in interior furnishings and architectural beauty to beautify homes and an upsurge in housing are the factors propelling the growth of the flooring market.

Technological advancements have made flooring materials water and stain resistant and with the help of technology raw materials have been aesthetically designed with protection against harmful chemicals and high temperatures . Advanced materials are used as temperature and noise absorbers to increase user safety.

Non-resilient flooring, one of the segments analyzed in the report, is expected to grow at a CAGR of 6.1% to reach US$303.4 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the resilient flooring segment is readjusted to a revised CAGR of 6.7% for the next 7-year period.

This segment currently accounts for a 15.9% share of the global flooring market. The non-resilient products segment dominates the flooring market and is attributed with more than half of the global revenue share due to an increase in commercial and residential activities across the globe.

The resilient segment is expected to witness rapid growth due to increased demand for resilient flooring in commercial applications. Resilient flooring is cost effective, durable and ideal for high traffic commercial and residential areas due to noise reduction and ease of maintenance.

The US market is estimated at $48 billion in 2022, while China is expected to reach $90.6 billion by 2026

The flooring market in the United States is estimated to be worth US$48 billion in 2022. The country currently accounts for a 13.17% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$90.6 billion in 2026, growing at a CAGR of 7.6% over the analysis period.

Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 4% and 5.3% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 4.8%, while the rest of the European market (as defined in the study) will reach US$37.2 billion by the end of the year. analysis period.

Asia-Pacific (including China and Japan) dominates the global flooring market owing to the increase in flooring applications in industrial and commercial sectors. The Indian government reforms for the development of the construction industry in India has remarkably contributed to the growth of the regional flooring market.

Programs such as the Indian government’s Housing for All are believed to encourage the demand for flooring. Growing demand for flooring materials across different end-use industries in China is estimated to further propel the growth of the flooring market. It is estimated that the demand for flooring from the North American region will increase with changing consumer preferences and demand for better designs and product variations. The well-established construction industry in Canada and the United States with growing demand for single-family homes is expected to provide growth opportunities for the flooring market.

Soft Coatings Segment to Reach $59.2 Billion by 2026

Soft floors have many advantages such as flexibility and comfort. Rugs and carpets are common options for soft floors. Carpet provides wall-to-wall coverage while rugs are basically used to cover gaps. This type of flooring is typically used in interior spaces and is suitable for high and low traffic areas.

In the global flexible coatings segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 4.2% for this segment. These regional markets representing a combined market size of US$29.6 billion will reach a projected size of US$40.2 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets.

Led by countries like Australia, India and South Korea, the Asia-Pacific market is expected to reach US$11.3 billion by 2026, while Latin America will grow at a CAGR of 5.5% over the analysis period.

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors
  • Market presence in multiple geographies – Strong/Active/Niche/Trivial
  • Peer-to-peer collaborative online interactive updates
  • Access to the publisher’s digital archives and research platform
  • Free updates for one year

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • The effect of the pandemic on the flooring market
  • Construction project backlog limits market growth
  • US Flooring Market Shows Resilience During Pandemic
  • Flooring: an introduction
  • Common variants of commercial and domestic flooring
  • Types of products
  • Global Market Outlook and Prospects
  • Analysis by product type
  • Analysis by application
  • Regional analysis
  • Competitive scenario
  • Recent market activity
  • Select global brands

2. FOCUS ON CERTAIN PLAYERS (Total 271 featured)

  • Armstrong Flooring
  • Beaulieu International Group
  • Boral Limited
  • Congoleum Corporation
  • Dixie Group, Inc.
  • Floorworld LLC
  • Flowcrete Group Ltd
  • Forbo Holding SA
  • Gerflor
  • Interface, Inc.
  • J&J Flooring Group LLC
  • James Hallstead Plc
  • LG Hausys AG
  • Mannington Mills Inc.
  • Milliken & Company.
  • Mohawk Industries, Inc.
  • Polyflor Canada Inc.
  • Shaw Industries Group Inc.
  • Swiss Krono Tec AG
  • Tarkett S.A.
  • TOLI Company

3. MARKET TRENDS AND DRIVERS

  • Key trends influencing the growth of the flooring market
  • The demand for vinyl flooring is increasing
  • Latest Advances in the Flooring Industry
  • Select flooring innovations
  • Improving living standards and rapid urbanization to drive the growth of the flooring market
  • The recovery in the global construction sector will show long-term gains
  • Construction Industry Trends Influencing Market Adoption
  • Increase in remodeling and renovation activities to propel growth
  • Residential Flooring Market Growth Drivers
  • Preference for multi-storey buildings to drive demand for flooring products
  • Driven by increasing healthcare burden, hospitals are becoming an important end-use sector
  • The cautious recovery of the travel, hospitality and hospitality industry in 2022 and beyond bodes well for market growth
  • Growth of e-commerce presents opportunities for the flooring market
  • Favorable demographic and socio-economic trends bolster the market outlook
  • Rapid growth of urban households
  • Growing affluence of middle class consumer segment
  • Increase in the standard of living
  • Smart Home Growth Catalyzes Demand for Flooring Products
  • Major challenges restraining the growth of the market
  • Environmental concerns
  • Flooring retailers see strong demand coming in years to come

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8l03y9

  • Global flooring market


        
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