Global industry analysis
The resilient flooring market is a fast growing sector in the construction and home improvement industry. Resilient floor coverings, which include vinyl, linoleum, rubber, and cork, are becoming increasingly popular because they are both aesthetically pleasing and durable.
Resilient flooring refers to a floor material that lies between a soft floor like carpet and a hard floor like stone. The materials used to make resilient flooring are inherently resilient. The demand for resilient flooring is expected to increase significantly over the forecast period due to its many advantages such as durability, impact resistance, water resistance, odor resistance, scratch resistance and ease of cleaning.
In addition, a resilient floor covering is flexible and eliminates small gaps and bumps.
With the advent of restoration, remodeling and new construction projects, the need for resilient flooring has increased.
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Global Resilient Flooring Market: Market Dynamics
Global Drivers for Resilient Flooring Markers
The most important factor driving the growth of the global resilient flooring market is the availability of these flooring materials at cheap prices. Resilient flooring is much more durable and easier to buy. As such, it creates significant demand.
Consumer preferences and lifestyles have changed dramatically. The growing demand for aesthetics and appearance together with the increasing demand for surfaces with higher wear resistance are expected to be the major factors driving the growth of the global resilient flooring market.
The increase in construction activity in developing countries, particularly in Asia-Pacific, is expected to drive the global resilient flooring market.
Global Resilient Flooring Market Restrictions
Small pressure points like table legs and other similar items can leave permanent dents in the elastic base and stunt the growth of the market.
Another challenge facing the global resilient flooring market is the presence of chemicals such as phthalates and heavy metals that are toxic when in contact with children, pets and other items that come in direct contact with the floor.
In addition, resilient floor coverings must be protected from hot objects such as cigarettes and other very hot objects that can severely damage resilient floor coverings. Frequent standing water or damp wiping can also loosen the adhesive. As a result, many customers are reluctant to use resilient floor coverings due to various precautions.
Global Resilient Flooring Market Trends
The global resilient flooring market is segmented into several regional/regional players. Manufacturers focus on expanding their product portfolio through product innovations in order to gain a competitive advantage over other market participants. Many manufacturers have introduced products with improved impact and abrasion resistance, as well as improved appearance and gloss.
Another major trend in the global resilient flooring market is that manufacturers are starting to offer customized products to meet customers’ needs.
Global Resilient Flooring Market: Segmentation
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Global Resilient Flooring Market: Regional Outlook
North America is projected to hold a dominant share of the global resilient flooring market. Demand for North America is expected to increase as renovation projects increase and new infrastructure is developed. Europe and North America currently hold dominant shares but are relatively mature markets.
Relatively slow growth is therefore to be expected. On the other hand, Asia Pacific is expected to remain a favorable region in terms of CAGR. The region is expected to experience significant growth opportunities due to increased construction activity and infrastructure development, and the region has seen an increasing demand for these flooring materials due to rapid urbanization.
Additionally, growth in the industrial sector is expected to open up many opportunities in the Asia Pacific region. China and India are expected to lead the resilient flooring market in Asia-Pacific. Regions such as the Middle East, Africa and Latin America are expected to grow at a moderate CAGR over the forecast period.
Global Resilient Flooring Market: Key Players
Market players identified across the value chain of the global Resilient Flooring Market include:
- pergo
- Mannington Mills, Inc.
- Armstrong Flooring, Inc. (Armstrong World Industries, Inc.)
- Target SA
- Mohawk Industries
- elite floor
- Shaw Industries Group, Inc.
- Forbo floor systems
- Mannington Mills, Inc.
- Gupro group
- American Builtlite Inc
- Congoreum Corporation
The research report represents a comprehensive assessment of the market, containing reasoned insights, facts, historical data, and statistically backed and industry validated market data.
It also includes forecasts using appropriate assumptions and methods. The research report provides analysis and information by market segments such as geography, application, and industry.
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This report covers flue gas analysis for:
- market segment
- market dynamics
- market size
- request for quotation
- Current trends/topics/challenges
- Competition and Related Businesses
- technology
- value chain
The regional analysis includes:
- North America (USA, Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, UK, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC countries, South Africa, North Africa)
This report is a compilation of first-hand information from industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants from across the value chain.
The report provides an in-depth analysis of management factors along with key market trends, macroeconomic indicators, and market attractiveness by sector. The report also maps the qualitative impact of various market factors on market segments and regions.
Report Highlights:
- Detailed overview of the top markets
- Changing market dynamics of the industry
- Detailed market segmentation
- Historical, current and forecast market size in terms of volume and value
- Current industry trends and developments
- competitive landscape
- Strategies of the main players and products offered
- Potential and niche segments, areas with promising growth
- A neutral view of market performance
- Important information for market participants to maintain and strengthen their market presence
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on ‘green alternatives’, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing – ‘The Way Forward’.
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