Vinyl Flooring - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Vinyl Flooring Market is accounted for $29.53 billion in 2020 and is expected to reach $60.59 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Some of the factors such as strong growth in commercial real estate and superior properties of vinyl flooring are propelling the market growth. However, stringent regulations on vinyl are hampering the market growth.
Vinyl flooring is a finished flooring material predominately prepared from a combination of limestone-based material mixed with composites of natural and synthetic polymer materials such as polyvinyl chloride and plasticizers. It is the type of robust and resilient flooring, which is primarily used in construction applications related to commercial and residential projects.
Based on the end user, the commercial segment is estimated to have a lucrative growth due to the increasing influence of designers and architects for the use of vinyl flooring. Easy cleaning and sterilization and stylish designs and slip & water resistance offered by these products are likely to propel their demand in the commercial segment over the forecast period.
By geography, the Asia Pacific is going to have lucrative growth during the forecast period. China has been the largest construction market in the region, as well as the largest consumer for vinyl flooring. However, changing consumer preferences that demand variation in the product and better designs are likely to have a positive impact on market growth.
Some of the key players profiled in the Vinyl Flooring Market include Tarkett, Shaw Industries Group, Inc., Responsive Industries Ltd., Congoleum Corporation, Novalis Innovative Flooring, Mannington Mills, James Halstead PLC, CBC Group, Gerflor, Forbo Holding, Fatra, Polyflor Ltd., CI TAKIRON Corporation, Interface, Inc., Beaulieu International Group, and Armstrong World Industries.
• Luxury Vinyl Tiles (LVT)
• Vinyl Sheets
• Vinyl Composition Tile (VCT)
Material Types Covered:
• Stone Plastic Composite
• Wood Plastic Composite
• Traditional Luxury Vinyl Tiles
Price Categories Covered:
Distribution Channels Covered:
• Direct Selling/Contractors
• Dealers or Distributors Network
• Home Centres
Component Types Covered:
• Trace Stabilizers
• Polyvinyl Chloride (or Vinyl) Resins
• Carrier Sheet or Backing
• Enhanced Urethane Type
• Urethane Type
• Vinyl No Wax Type
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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