Global Resilient Flooring Market Growth and Future Outlook 2025
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The report available at Decisiondatabases.com titled as “Global Resilient Flooring Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast” provides a detailed description on the market share, growths, trends and forecasts from 2019-2025. It has been anticipated that the global resilient flooring market will touch USD 56 BN by 2025 with a CAGR of 7% from 2019-2025.The growing awareness regarding insulation, development of the construction industry in North America and the growth of the construction industry in Asia and the Middle East are the key driving factors responsible for boosting the resilient flooring market globally. The only restraints faced by this market are environmental concerns due to the toxins present in the materials used for resilient flooring.
Resilient flooring or vinyl flooring is the floor that is made of materials that are elastic in nature such as rubber, PVC and linoleum. These materials exhibit characteristics such as high strength, durability, non-absorbency, odour-free, ease to clean, scratch resistance and water resistance. This type of flooring usually lies between soft floors like carpets and hard floors like stone. Resilient flooring is widely used in educational sites, hospitals, offices, retails and the transportation sector.
Development of innovative floor covering solutions, renovations and changing trends in construction solution and floor design has boosted the growth of the resilient flooring market. Besides the rise in the consumers demand for aesthetics and appearance along with the demand for flooring with reduced wear and tear resistance and availability of the flooring at economical prices is part of the major factors driving the growth of the global resilient flooring market.
By product the global resilient flooring market is classified into luxury vinyl tiles (LVT), vinyl composite tiles (VCT), vinyl sheets, fiberglass and linoleum out of which vinyl composite tiles have been identified as the leading segment in the report. On the basis of application, the global resilient flooring market is classified into residential applications, commercial applications and industrial applications where the usage in the residential sector is more prominent than the usage of resilient flooring in the commercial and industrial sector thus making it the leading segment of this classification.
By geography, North America, Europe, Asia Pacific, Latin America, Middle East and Africa are the regions where the resilient flooring market exists. Asia Pacific has been observed as the leading segment in this segmentation.
The key players of the global resilient flooring market as profiled in the report are IVC Group, Mannington Mills Inc, Mohawk Industries, Pergo, Polyflor, Shaw Floors, Nora Systems Inc, Novalis International Ltd., NOX Corporation, Milliken & Company, Unilin, Q.E.P. Co, Amtico International Limited, Armstrong World Industries, Congoleum Corporation, Forbo Holding AG, Gerflor, Interface, Inc., Hanwha, James Halstead Group Plc, LG Hausys, Tarkett and American Biltrite Ltd. among others. The report provides an in-depth description in terms of H.Q., future capacities, key mergers and acquisitions, financial overview, partnerships, collaborations and new product launches and developments.
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