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Vinyl Tile Market Outlook with Company Profiles – Tarkett, Gerflor, Armstrong, Mannington Mills, NOX Corporation, Shaw, Hanwha, LG Hausys, Mohawk, Polyflor, Snmo LVT, Hailide New Material and More
This report focuses on the Vinyl Tile in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
In the world wide, North America, Europe, Japan, Korea and China are the major manufacturing regions. North America is the leader in vinyl tile market, whose consumption volume occupied 31.23% market share in 2016. Armstrong, Mannington Mills, Tarkett, NOX Corporation, Hanwha and Shaw are the global leading manufacturers of vinyl tile.
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Global market is expected to witness significant growth on account of rising applications, so in the next few years, vinyl tile consumption will show a trend of steady growth. In 2022 the consumption of vinyl tile is estimated to be 653.57 million Sq.m.
The worldwide market for Vinyl Tile is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 9570 million US$ in 2023, from 7390 million US$ in 2017, according to a new study.
Vinyl tile downstream is wide and the main application fields are residential and commercial use. Globally, in 2016 Commercial Use accounts for nearly 64.88% of total downstream consumption of vinyl tile in global.
According to the type, it can be divided into LVT and VCT. Vinyl Composition Tile (VCT) is the main product, capturing about 59.44% of global consumption of vinyl tile in 2016.
According to our research and analysis, manufacturers from North America and Europe are the major leaders in the international market of vinyl tile. North America is the largest production and consumption region. In 2016, the North America consumption of vinyl tile is 171.71 million Sq.m. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With lower human cost, raw materials and strong market demand, many big international brands have set up factories in China.
Market Segment by Manufacturers, this report covers Tarkett, Gerflor, Armstrong, Mannington Mills, NOX Corporation, Shaw, Hanwha, LG Hausys, Mohawk, Polyflor, Congoleum, Forbo, TOLI, Beaulieu, Tajima, Metroflor, Interface, RiL, Karndean, Roppe, Milliken, Kraus, Parterre, Kingdomfloor, Snmo LVT, Hailide New Material and Taide Plastic Flooring.
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Related Report:
Global Ceiling Tiles Market Research Report 2018
This report studies the global Ceiling Tiles market status and forecast, categorizes the global Ceiling Tiles market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
The major manufacturers covered in this report Atkar, Como, Ecophon, Armstrong, USG, Rockfon, Daiken, OWA, Knauf, AMF, Renhurst, Troldtekt, Rondo and Gyprock.
Read More: https://www.researchbeam.com/global-ceiling-tiles-research-report-2018-market?utm_source=OPR&utm_medium=CC
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