Russia Vinyl Flooring Market is Expected to Represent Highest Incremental Opportunity Revenue of USD 1085.3 Million By 2030 | IGR

The Infinium Global Research analyzes the Russia Vinyl Flooring Market over the period of 2023 to 2030. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Russia vinyl flooring market. It will help a lot of decision makers to develop strategies and find new opportunities in the Russia markets of vinyl flooring. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the vinyl flooring market during the period. The Russia vinyl flooring market was valued at USD 613.4 Million in 2022 and is expected to reach USD 1085.3 Million by 2030 and grow at a CAGR of 7.58% over the forecast period.

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Rising Demand Driven by Consumer Preferences and Construction Activities

The growing interest of consumers in aesthetics and a preference for environment-friendly products are key factors driving the demand for vinyl flooring in Russia. The country's increasing purchasing power, coupled with changing construction trends and the choice for cost-effective yet appealing flooring solutions, has fueled the market. The demand for vinyl flooring often relies on new construction and economic activities, which, in turn, depend on consumer preferences and spending power.

Construction Industry Boom and Urbanization

Russia's construction industry is flourishing, primarily due to the influx of rural populations into urban areas in search of better prospects. The residential construction sector is witnessing significant growth, with an estimated 285.8 thousand commissioned buildings constructed for residential use in 2019. Many of these buildings now feature vinyl flooring, known for its superior comfort and noise control properties, contributing to the market's expansion.

Infrastructure Investments Fuel Market Growth

In 2019, Russia announced a substantial investment of USD 390 billion for 12 national projects. Government, private players, and foreign governments are also keen on investing in Russian infrastructure development. Infrastructure projects under the Russian Direct Investment Fund (RDIF) have garnered significant investments from various sources. This surge in infrastructure development drives the demand for construction materials, with vinyl flooring widely used in projects such as commercial complexes, airports, and railway stations.

Drawbacks and Environmental Concerns

Despite its advantages over traditional wooden flooring, such as superior comfort, noise control properties, and cost efficiency, vinyl flooring has its limitations. Vinyl flooring cannot be repaired if it gets cracked or broken, necessitating complete removal. Its lifespan is shorter compared to wood, and it is considered harmful to the environment due to the emission of volatile organic compounds (VOCs) and difficulties in recycling. These drawbacks could impede the market's growth.

Innovations in Vinyl Flooring Solutions

Market players are actively developing innovative vinyl flooring solutions to cater to diverse customer demands. Companies are introducing new products with enhanced features to attract a broader customer base. For example, Tarkett has launched a new generation of vinyl flooring with phthalate-free plasticizers and minimal emissions. Novalis® has developed luxury vinyl flooring that is 100% recyclable. Self-adhesive floorings, anti-bacterial flooring, and waterproof options are gaining traction, along with a wide variety of colors, design patterns, textures, and customizable products.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Russia Vinyl Flooring Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Russia Vinyl Flooring Market

Chapter 4. Russia Vinyl Flooring Market by Product Type

4.1. Luxury Vinyl Tiles (LVT)

4.2. Vinyl Sheets

4.3. Vinyl Composite Tile

Chapter 5. Russia Vinyl Flooring Market by End-user Industry

5.1. Residential

5.2. Healthcare

5.3. Education

5.4. Industrial

5.5. Hospitality

5.6. Other

Chapter 6. Company Profiles

6.1 Competitive landscape

6.2 Company Profiles

6.2.1 Forbo Holding AG

6.2.1.1 Overview

6.2.1.2 Company Snapshot

6.2.1.3 Product Portfolio

6.2.2 Tarkett SA

6.2.2.1 Overview

6.2.2.2 Company Snapshot

6.2.2.3 Product Portfolio

6.2.3 LG Hausys Rus, LLC

6.2.3.1 Overview

6.2.3.2 Company Snapshot

6.2.3.3 Product Portfolio

6.2.4 IVC RUS, LLC

6.2.4.1 Overview

6.2.4.2 Company Snapshot

6.2.4.3 Product Portfolio

6.2.5 Opus LLC TD

6.2.5.1 Overview

6.2.5.2 Company Snapshot

6.2.5.3 Product Portfolio

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/russia/enquiry/40492

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Russia vinyl flooring.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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