Press release
Cork Flooring Market Growth, Size, Demands and Trends with Players With a CAGR of 6.0% 2031
Cork Flooring Market
According to the report, the global cork flooring industry generated $60.6 million in 2021, and is anticipated to generate $110.8 million by 2031, witnessing a CAGR of 6.0% from 2022 to 2031.
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Drivers:
Cork flooring is an eco-friendly flooring material made mainly from cork bark. It is a renewable, sustainable and natural material is harvested from the tree, ground into a fine powder and compressed. It can be installed on a variety of substrates, including wood, cement board, and tile and it is easy to install as long as the subfloor is flat and dry.
Growth of the population, combined with the construction of new business centers, such as offices, factories, warehouses, sports complexes, hospitality, and healthcare, has prompted the deployment of compact and efficient decor systems. The restoration business continues to benefit from a strong housing market, which includes a rise in home building, sales, and equity.
Moreover, a rise in expenditure by governments and private construction companies on remodeling and repairing of houses is anticipated to drive the cork Flooring market growth.
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Segmentation Based On:
By Installation method
Floating
Glue-down
By Construction type
New construction
Replacement
By End-user industry
Residential
Commercial
Top Players:
The key players that operate in the cork flooring market are Advance Cork International, Amorim Cork Flooring, APC Cork, Beach Bros Ltd, Capri Collections, Consolidated Carpet Industries, Coretec, Corksribas, Expanko Resilient Flooring, Global Market Partners Inc., Globus Cork, Green Buildings LLC, Jelinek Cork, The Home Depot, We Cork, Woodcrete, and Zandur.
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