Indoor Flooring Market is expected to reach US$ 210.66 billion by 2028

According to our latest market study on "Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Global Analysis - By Type (Ceramic Tiles, Carpet, Vinyl Linoleum & Rubber, Wood & Laminate, and Others) and End user (Residential and Non-Residential)," the indoor flooring market size is expected to reach US$ 210.66 billion by 2028, registering at a CAGR of 4.9% during the forecast period of 2021 to 2028, according to a new research study conducted by The Insight Partners. Rise in Number of Commercial and Residential Construction Projects to Provide Growth Opportunities for Indoor Flooring Market.

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Company Profiles
• Forbo International SA
• Mats Inc.
• Tarkett
• Armstrong Flooring, Inc.
• Beaulieu International Group
• Ecore International
• Interface, Inc.
• Toli Corporation
• Mohawk Industries, Inc.
• Shaw Industries Group, Inc.

In industrial settings such as warehouses, airplane hangars, assembly plants, paint shops, body shops, and distribution facilities, concrete floors are subject to wear and tear from exposure to harsh as well as corrosive chemicals and oils; they can also be damaged by scratches and abrasions caused by heavy machines and equipment such as airplanes and forklifts.

Home renovation and remodeling activities are increasing in many countries, which can be mainly attributed to growing government support for the same, especially in the developed countries. For instance, in Europe, the National Energy Efficiency Action Plan aims to foster investments in the repair and remodeling of residential and commercial buildings. Moreover, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program, repair and renovation spending in the US is expected to increase from 6% in the first quarter of 2018 to 6.3% by the end of the second quarter of 2018.

The willingness to spend substantial amounts on the styling of living spaces has attracted the focus of consumers toward home furnishings such as carpets and rugs that enhance the aesthetic appeal of interiors. This shift is supported by the rise in consumer income levels, changes in lifestyles, and adoption of different cultures in terms of interior decor. Floor coatings such as ceramic tiles, carpets, vinyl, and linoleum, as well as rubber, wood, and laminate are applied on surfaces to impart slip resistance properties to them. Besides offering slip resistance, they provide anti-vibration, antistatic, and waterproof properties. Coatings such as epoxy coatings increase the durability of concrete floors. Epoxy, polyurethane, and acrylic coating on concrete floors make them capable of withstanding a considerable amount of static and dynamic loads. Floor coatings also prevent wear and tear on the surface of these floors. As floor coatings are resistant to cleansers, oils, chlorides, water, snow, ice, hail, transmission fluids, and bleaches, they are increasingly being used to overlay the floors of parking spaces, garages, and car showrooms. Moreover, they are used to enhance the aesthetics of floors in houses. Metallic pigments are added to the indoor flooring materials to create a metallic swirl effect. Further, there is a growing trend of adding vinyl color flakes and metallic pigments to add a rich color layer and texture to the floor surface. Thus, the above-mentioned factors are likely to boost the growth of market.

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Indoor Flooring Market Insights
Increasing Use of Floor Coatings in Sports Complexes

Floor coating systems used in indoor and outdoor sports arenas need the right combination of properties such as excellent point elasticity, skid resistance, surface elasticity, and rebound. They should also be extremely durable, while displaying excellent optical characteristics and compatibility with commonly used coloring materials and additives. High-performance polyurethane floor coatings impart excellent elasticity and good grip to surfaces while allowing players to be agile and move skillfully on the court, which makes it a preferred material for coating floors in indoor sports halls; tennis, volleyball, and basketball courts; and wrestling and gymnastic halls. The rising expenditure by governments and private construction companies in building sports complexes and arenas has led to the development of numerous sports facilities in urban as well as suburban areas, which are likely to generate a high demand for specialized high-performance indoor flooring materials in the coming years.

The global indoor flooring market has been segmented as follows:
Global Indoor Flooring Market - by Type
Ceramic Tiles
Carpet
Vinyl Linoleum & Rubber
Wood & Laminate
Others

Global Indoor Flooring Market - by End User
Residential
Non-Residential

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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