Press release
Resilient Flooring Market 2021 Status and Growth Outlook - Tarkett USA & Canada, Armstrong World Industries, Inc, Mohawk Industries
Resilient Flooring Market by Component, Application, Services, and Region- Forecast to 2027The Resilient Flooring market size is projected to reach US$ 2440.4 million by 2027, from US$ 1616.9 million in 2020, at a CAGR of 6.1% during 2021-2027.
The Global Resilient Flooring Market Research Report 2021-2027 is a significant source of keen information for business specialist. A report published by Market Insights Reports is an overall investigation and thorough information in regards to the market size and market elements of the Resilient Flooring. It furnishes the business outline with development, historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Resilient Flooring market study gives extensive information which upgrades the agreement, degree, and use of this report. This is a latest report, covering the COVID-19 impact on the market.
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Top Companies in the Global Resilient Flooring Market are - Tarkett USA & Canada, Armstrong World Industries, Inc, Mohawk Industries, Mannington Mills, Inc. and Shaw Industries Group, Inc
Increasing innovations in resilient flooring is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Resilient flooring from residential building construction is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Key Market Trends On Resilient Flooring Market-
Growing Residential Building Construction in Developing Countries
- Resilient flooring is usually a mixture of fillers, binders, and color. Filler materials can include synthetic fibers, ground wood or limestone, and the material that binds the mixture together is either asphalt (asphaltum) or resin.
- Resilient flooring system is denser and non-absorbent in nature and assures a pliant surface which makes comfortable walking. Additionally, these flooring also assure guarantee in having lesser maintenance.
- Resilient flooring a lot cheaper than non-resilient and comparably durable nature makes it a rather cost-effective option for residential homes and commercial buildings.
- The increasing focus on customization in flooring of residential buildings and manufacturing processes had a significant impact on the growing demand of resilient flooring from the residential buildings counstruction.
- Hence, owing to the above-mentioned factors, the application of resilient flooring from residential building construction is likely to dominate during the forecast period.
Regional Analysis On Resilient Flooring Market-
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for resilient flooring during the forecast period. The rising demand of resilient flooring from residential building construction and growing application in commercial sector in developing countries like China, Japan and India is expected to drive the demand for resilient flooring in this region.
- The largest producers of resilient flooring are located in Asia-Pacific region. Some of the leading companies in the production of resilient flooring are Armstrong World Industries, Inc, Mohawk Industries, Mannington Mills, Inc. and Shaw Industries Group, Inc. among others.
- According to Global Construction 2030 (published by Global Construction Perspectives and Oxford Economics), Southeast Asias construction market is anticipated to exceed USD 1.0 trillion, by 2030 which in turn boosts the demand for resilient flooring in residential building construction.
- The Indian government has been actively boosting housing construction, as it aims to provide home to about 1.3 billion people. The country is likely to witness around ~USD 1.3 trillion of investment in housing over the next seven years and is likely to witness construction of 60 million new homes in the country.
- Owing to the above-mentioned factors, the market for resilient flooring in the Asia-Pacific region is projected to grow significantly during the study period.
The global resilient flooring market is partially consolidated in nature with only few major players dominating the market. Some of the major companies are Tarkett USA & Canada, Armstrong World Industries, Inc, Mohawk Industries, Mannington Mills, Inc. and Shaw Industries Group, Inc. among others.
Prime Takeaways on Resilient Flooring Market Report:
Value chain analysis, which is combined with competitive landscape of key players of the Resilient Flooring market.
Market size and forecast of the Resilient Flooring market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.
Explore Full Report With Detailed TOC Here:
https://www.marketinsightsreports.com/reports/10192353032/resilient-flooring-market-growth-trends-and-forecast-2020-2025?Source=OpenPR&Mode=Alyssa
Geographic Coverage of Resilient Flooring Market Report-
The Resilient Flooring report contains detailed country-level analysis, market revenue, market value and forecast analysis of Resilient Flooring Market (2016-2027) of these regions are covered:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)
Reasons for purchasing this Report-
Market Research report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored in to ultimately get accurate results.
Analyst Support: Speak to our research analysts to solve any queries you may have before or after buying the Resilient Flooring market report.
Analyst Support: Get you query resolved by speaking to our research analysts before and after purchasing the Resilient Flooring market report.
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