Vinyl Flooring Market Segmentation, Share, Analysis and Projection, Application, and Region - Global Forecast to 2027

The recent study, Vinyl Flooring Market forecasts the business performance of the Vinyl Flooring market for the forecast period, 2021 to 2027. The study considers the estimated period as the base duration and brings to light the important information associated with the market size, share and growth rate of the Vinyl Flooring market.

The Vinyl Flooring Market is projected to reach USD 49.79 Billion by 2027. Rising demand is anticipated by factors such as High strength, excellent water resistance, and the lightweight properties offered by the product are expected to drive its demand over the forecast period in residential and commercial construction projects. These products are commercially available in several colors, textures, and design patterns and have attracted the attention of consumers for the past couple of years. In addition, the product is gaining recognition among middle-class consumers due to its visual resemblance to products made from concrete, natural stone, and wood flooring and significantly low cost. Luxury Vinyl Tiles is projected to witness a remarkable rate of growth due to the product’s affordability, low maintenance, excellent water resistance, and easy to clean properties.

The vinyl flooring, because of their low noise levels and easy maintenance, is considered to be ideal for high traffic applications such as restaurants, cafes, and offices. Technological advancements in the sector to introduce easy-to-install self-adhesive flooring products can lead to high demand for flooring products. In particular, the demand in the residential segment is expected to be high. The prime end-user of vinyl tiles, thanks to their superior esthetical appeal, is expected to be nonresidential areas such as shopping malls and hotels.

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An emerging trend is making China a popular base for chemical production as several major companies are shifting or expanding their production bases to China. Global leaders have also been establishing R&D bases in Asia owing to the advantages that come with the location such as availability of talent and proximity to the consumer chain. This report highlights the major contributing sectors in the industry and details the niche areas that exhibit potential to have an impact on the overall growth of the industry. The key players that account for a sizable portion of the market share have been profiled in this report. The research comprises of crucial information that has been drawn after analyzing the trends in the market. It includes market insights that aim to help the readers navigate their business ventures.

Top Companies Profiled in the Report:

Armstrong World Industries Inc., Mannington Mills Inc., Forbo, Boral Limited, Brumark Corporation, Mohawk Industries, Inc., Beaulieu International Group, Tarkett, Shaw Industries Group, Gerflor Group Inc., Interface, among others.

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Product Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Luxury Vinyl Tiles
Vinyl Sheets
Vinyl Tiles

Material Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Wood Plastic Composite
Stone Plastic Composite
Others

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Residential
Commercial
Industrial

Regional Analysis covers:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Queries Related to the Vinyl Flooring Market:

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What are the market dynamics?
What are the limits ruining the development rate?
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