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Vinyl Flooring Market is projected to reach USD 38.72 Billion by 2030 : Cognitive Market Research
Vinyl Flooring Market is projected to reach USD 38.72 Billion by 2030 : Cognitive Market Research
Introduction of Vinyl Flooring Market
- Vinyl flooring is a type of synthetic flooring material that is made from PVC (polyvinyl chloride) and other additives. It is a popular choice for both residential and commercial spaces because it is affordable, durable, and easy to maintain. Vinyl flooring comes in various colors, patterns, and styles, including wood, tile, and stone. It can be installed using several methods, including glue-down, click-lock, and loose-lay, depending on the type of vinyl flooring.
Summary:
- The Global Vinyl Flooring Market size was valued at USD 25.18 Billion in 2022 and will reach USD 38.72 Billion by 2030, at a CAGR of 5.4% during the forecast period (2023-2030).
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Market Dynamics:
• Factors Impacting on Vinyl Flooring Market
The growing construction activities across emerging economies are fuelling the growth of the global vinyl flooring market. Furthermore, the expansion of residential buildings due to rising disposable income has increased the demand for housing maintenance and is expected to surge the demand for vinyl flooring. Moreover, vinyl flooring is highly utilized due to its advantages such as being water-resistant and very low maintenance, with long-lasting durability to enhance the comfort level, aesthetics, and interior design is projected to increase the market growth. However, the volatility in the prices of raw materials can hamper the growth of the vinyl flooring market. Raw materials such as polyvinyl chloride resins, plasticizers, glass fiber, career sheet, limestone, and others have high costs or remain to change, hence affecting the whole manufacturing process which in turn hinders the market growth.
Market Segmentation:
Product
• Vinyl Sheets
• Vinyl Tiles
• Luxury Vinyl Tiles
Based on the products, the luxury vinyl tiles segment dominated the market in the year 2022. The demand for luxury vinyl tiles in high-end residential and commercial applications is gaining popularity due to their realistic look and feel.
Application
• Residential
• Commercial
Based on the application, the commercial application segment held the largest share in the year 2022. This is attributed to increasing the usage of vinyl flooring because of its adaptability, affordability, durability, and ease of installation and maintenance.
The Major Players in Vinyl Flooring Market are:
Tarkett, AFI Licensing LLC, Mohawk Industries Inc., Forbo Group C.I., TAKIRON Corporation, Responsive Industries Ltd., TOLI Corporation, Shaw Industries Group Inc., JAMES HALSTEAD PLC, Interface Inc., Mannington Mills Inc., Gerflor
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Regional Analysis:
North America is a leading region of the Vinyl Flooring Market
- North America accounted for the largest share of the vinyl flooring market in the year 2022. This growth is attributed to the increasing demand from the residential sector, commercial sector, and manufacturing industries. In addition, the demand for durable, cost-effective, easy-to-install, and easy-maintenance floor-covering solutions boosts the market growth in this region.
News:
• Tarkett S.A. and Ragn-Sells announced a collaboration aiming at developing carbon-negative mineral fillers for vinyl flooring by 2025
In October 2021, Tarkett S.A. and Ragn-Sells, have announced a collaboration to develop carbon-negative mineral fillers for vinyl flooring by 2025. The partnership with Ragn-Sells will contribute to achieving Tarkett's 2030 objective of reaching 30% of recycled content in its raw materials, ultimately reducing the company's carbon footprint.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Vinyl Flooring Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Vinyl Flooring Market Segmentation
1.5.1 Vinyl Flooring Market Regional Fragmentation
1.5.1 Vinyl Flooring Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Vinyl Flooring Market
Chapter 4 Global Vinyl Flooring Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Vinyl Flooring Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Vinyl Flooring Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Vinyl Flooring Market by Format Segmentation Analysis (2018-2030)
Chapter 12 Global Vinyl Flooring Market Regional Analysis
Chapter 13 North America Vinyl Flooring Market Outlook (2018 - 2030)
Chapter 14 Europe Vinyl Flooring Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Vinyl Flooring Market Outlook (2018 - 2030)
Chapter 16 Latin America Vinyl Flooring Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Vinyl Flooring Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Vinyl Flooring Market TOC click here: https://www.cognitivemarketresearch.com/vinyl-flooring-market-report#table_of_contents
Related Reports:
• Resilient Flooring Market - https://www.cognitivemarketresearch.com/resilient-flooring-market-report
• Flooring Market - https://www.cognitivemarketresearch.com/flooring-market-report
• Flooring Adhesives Market - https://www.cognitivemarketresearch.com/flooring-adhesives-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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