Global Flooring Materials Market 2019 Observational Studies By Top Companies Like The Dixie Group, Inc., Kajaria Ceramics Limited, MOHAWK INDUSTRIES, INC, Royal Adhesives & Sealants Tarkett

Global Flooring Materials Market By Material (Resilient Flooring, Non-Resilient Flooring, Soft Covering), End-Use Industry (Residential, Non-Residential), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Flooring Materials Market of which global flooring materials market is a part of is expected to grow with a CAGR of 6.19% in the forecast period of 2019-2026. This is expected to raise the initial estimated value of USD 341.98 billion in 2018 to a projected value of USD 552.92 billion by 2026.

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Global flooring materials market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the growing levels of modernization and remodelling activities currently underway in various architectural buildings.

Competitive Analysis:

Global flooring materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flooring materials market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

The Dixie Group, Inc.; Kajaria Ceramics Limited; MOHAWK INDUSTRIES, INC.; Royal Adhesives & Sealants; Tarkett; Congoleum Corporation; Arabian Tile Company Ltd. – ARTIC; Sika AG; Mannington Mills, Inc.; Gerflor; J&J Flooring Group LLC; BASF SE; Beaulieu International Group; Fosroc, Inc.; LATICRETE International, Inc.; CERAMICHE ATLAS CONCORDE S.P.A.; Porcellan; Balta Industries nv; are few of the major competitors currently present in the market.

Market Definition: Global Flooring Materials Market

Flooring materials can be defined as the materials and products used in the covering and layering of a floor. These materials are inclusive of the finished materials as well as the supporting and substitute products such as wood, tiles, carpets, rugs, and various others. The different variety of products are differentiated based on their application and in combination with the materials used.

Market Drivers:

• Increasing levels of urbanization and industrialization globally has resulted in growth of the market
• Increase in investments for renovations and adoption of aesthetically appealing products are expected to act as a driver for the market growth

Market Restraints:

• Concerns regarding the environment as well health concerns with the production of flooring materials is expected to act as a restraint to the market growth

• Vulnerable nature of the prices of raw materials resulting in increase in cost of the product; this factor is expected to restrain the market growth

Segmentation: Global Flooring Materials Market

• By Material
• Resilient Flooring
o Vinyl
 Luxury Vinyl Tile (LVT)
 Vinyl Composition Tile (VCT)
o Others
 Rubber
 Resin
 Cork
 Linoleum
• Non-Resilient Flooring
o Wood
o Stone
o Ceramic Tiles
o Laminate
o Others
 Terrazzo
 Bamboo
• Soft Covering
o Carpets
o Rugs
• By End-Use Industry
o Residential
o Non-Residential

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Key Developments in the Market:

• In July 2018, Beaulieu International Group announced that they had completed the acquisition of Beaulieu Canada & Beaulieu Australia both of which will be incorporated into the flooring products and solutions division. This acquisition will be beneficial for all the parties involved enhancing their capabilities and product offerings.

• In June 2018, MOHAWK INDUSTRIES, INC. announced the launch of “Pivot Point Red List-free ERT (Enhanced Resilient Tile)” during the NeoCon 2018. The product is carbon-neutral and is certified with Living Product Challenge Petal Certification. This product available in different varieties along with its environmental benefits is expected to increase the product portfolio and market share of the company.

Key Insights in the report
:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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