Will the flooring materials market continue to satisfy its…


(MENAFN- Frost & Sullivan) Will the flooring market continue to satisfy its consumers with technological innovations?

The flooring materials market is poised to grow at a CAGR of 5-6%.

The flooring materials market is poised to grow at a CAGR of 5-6%.

A number of factors are contributing to this growth in demand, ranging from a growing demand for residential and commercial properties, supported by government initiatives, the penetration of green and DIY (DIY) products and the trend towards working from home. .

The buzz around sustainable solutions is growing among Gen Z and Millennials. Meanwhile, with the latest disruptive technologies and product developments, the flooring industry is responding to trends and shifts in consumer preferences .

Every level of the flooring industry value chain, from raw materials to owners themselves, can be disrupted by these new trends and technologies. Let’s discuss them in order, from raw materials to end user:

What is the flooring made of?

To help build a sustainable environment, MOGU Floor, an Italian design company, has developed an innovative method for making naturally grown flooring materials. The company produces materials by cultivating selected strains of mycelium, the vegetative stage of fungi, on prefabricated substrates based on agro-industrial residues, thus converting a low-value input into a high-value product, characterized by unique aesthetic.

How flooring is made

Digital printing and 3D printing in the flooring industry are changing the way floors are made. Advanced digital printing will pave the way for wider designs, customization and is efficient and cost less than the traditional gravure printing process. 3D printing in flooring is gaining popularity with consumers. For example, the durable 3D printed terrazzo floor from Aectual, a Dutch company, uses recycled bioplastic material for the structure and a mixture of marble or granite composites for the remaining space.

How the flooring is installed

Although ceramic tile requires skill to install properly, so it’s not as easy to DIY as many other types of flooring, there are a few innovative exceptions:

  • RevoTile by Daltile with ClicFitTM technology making it easy for DIYers
  • Agrob Buchtal’s DryTile which comes with a cork layer on the back which eliminates the need for adhesive making installation 8 times faster
  • Lico’s CeraClick which requires no adhesion to the subfloor with click systems and provides huge time savings

The ceramic tile segment with its robust product developments is evolving and we expect more innovations in the coming future.

What end users want

Consumer preferences have changed a lot from the past. The COVID-19 pandemic has made people more concerned about the design of their home, which along with the work-from-home trend will further drive the growth of flooring. Future customers (Gen Z and Millennials) are more technologically advanced and with the growth of e-commerce, the expectations from them in terms of technology and seamless purchases (preferably online) will be much higher.

Will the Industry be able to innovate and develop as in the past, or will it have to face complex challenges? Our current research on the flooring materials market aims to assess how these and other factors will create growth opportunities for companies in the flooring industry.

If you would like to know more about our research into the flooring market, please contact Kishan Waghela at .

About Kishan Waghela

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