DUBLIN–(BUSINESS WIRE)–Report “Resilient Flooring Market – Growth, Trends, Impact of COVID-19, and Forecast (2021-2026)” has been added to from ResearchAndMarkets.com offer.
The resilient flooring market is expected to grow at a CAGR of over 4% during the forecast period.
Armstrong World Industries, Inc.
Beaulieu International Group
Forbo Flooring Systems
Mannington Mills, Inc.
Milliken & Company
Shaw Industries Group, Inc.,
Tarkett USA and Canada
Main market trends
Growth in residential building construction in developing countries
Resilient flooring is generally a mixture of fillers, binders and colors. Filling materials can include synthetic fibers, crushed wood or limestone, and the material that binds the mixture is either asphalt (asphalt) or resin.
The resilient flooring system is denser and non-absorbent in nature and provides a soft surface that makes walking comfortable. In addition, these floor coverings also ensure the guarantee of having less maintenance.
Resilient flooring much less expensive than non-resilient and relatively durable flooring makes it a rather cost-effective option for residential homes and commercial buildings.
The growing emphasis on customizing residential building flooring and manufacturing processes has had a significant impact on the growing demand for resilient flooring from residential building construction.
Hence, due to the above-mentioned factors, the application of resilient flooring from residential building construction is expected to dominate over the forecast period.
The Asia-Pacific region will dominate the market
The Asia-Pacific region is expected to dominate the resilient flooring market over the forecast period. Growing demand for resilient flooring in residential building construction and growing application in commercial sector from developing countries like China, Japan and India is expected to drive the demand for resilient flooring in this region.
The largest producers of resilient flooring are located in the Asia-Pacific region. Some of the leading companies in the production of resilient flooring are Armstrong World Industries, Inc, Mohawk Industries, Mannington Mills, Inc., and Shaw Industries Group, Inc., among others.
According to Global Construction 2030 (published by Global Construction Perspectives and Oxford Economics), the construction market in Southeast Asia is expected to surpass $1 trillion by 2030, which will drive demand for resilient flooring in the construction of residential buildings.
The Indian government has been actively boosting housing construction as it aims to provide housing for around 1.3 billion people. The country is expected to see ~$1.3 trillion in housing investment over the next seven years and is expected to see 60 million new homes built nationwide.
Due to the above-mentioned factors, the resilient flooring market in the Asia-Pacific region is expected to grow significantly over the study period.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Residential Building Construction Growth in Developing Countries
4.1.2 Other Drivers
4.2.1 Growing concern over environmental impact during flooring manufacturing
4.2.2 Impact of COVID-19
4.3 Industry Value Chain Analysis
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
6.1 Mergers and acquisitions, joint ventures, collaborations and agreements
6.2 Market Share / Ranking Analysis
6.3 Strategies Adopted by Key Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increase innovations in resilient flooring
7.2 Other opportunities
For more information about this report visit https://www.researchandmarkets.com/r/92c5yj