Global Fiberglass Flooring Market Report – Research on Growth Analysis & Latest Advancement 2018-2023

Market Overview

Rapid expansion and capacity addition by various industries including automobile manufacturing, telecom, and semiconductor coupled with the growing number of office buildings in the U.S. will spur the demand for fiberglass floorings. Moreover, terminal expansion of the Los Angeles Airport, Philadelphia Airport and Newark Liberty Airport is likely to create substantial growth opportunities for the market over the next nine years.

The key driver for the industry is the growth of the construction sector. Factors such as growing population, rising per capita income coupled with the superior properties of fiberglass including the ease of installation, and excellent aesthetic value are expected to aid in the market expansion. Moreover, increasing demand for vinyl flooring with fiberglass backing is expected to augment its demand over the projected period.

Epoxy resins, polyester resins along with glass fiber are the primary raw materials used for manufacturing fiberglass. These raw materials are derived from carbon compound and petroleum. Fluctuating prices of raw materials along with difficulty in sourcing them are expected to serve as a major challenge for the flooring manufacturers over the forecast period and also restrict growth for fiberglass.

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Market Scenario

The fiberglass flooring market is driven by the growing consumer demand for flooring and the increasing purchasing power of people. Its cost effectiveness and environmental friendliness are attracting consumers increasingly, ultimately increasing consumer attention. Fiberglass flooring, being versatile is preferred even in non-residential purposes, owing especially to its easy fixing and maintenance features. Fiberglass offers more cushioning and improves the feel of the floor. Moreover, this type of flooring is installed without glue and is impervious to upward twists. Properties such as ease of installation and excellent aesthetic values are expected to push the market towards growth.

New construction activities and economic advances such as the increasing disposable income and increased preference for fiberglass flooring are some of the factors boosting the market towards growth. However, fluctuating raw material prices acts as a major driver for the fiberglass flooring market.

Top Industry Player’s

IVC Group (Mohawk), Mannington Mills, Shaw Floors, NOX Corporation, Milliken, Armstrong World Industries, Gerflor, Tarkett

The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Fiberglass Flooring by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Market Segments

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):

• Residential
• Commercial
• Industrial

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Region Coverage (Regional Output, Demand & Forecast by Countries etc.):

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):

• Luxury Vinyl Tiles
• Vinyl Composite Tiles
• Vinyl Sheets

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This release was published on openPR.