Press release
Cork Flooring Market 2022 to 2031: Development, Opportunities, Ongoing Trends To Reach $110.8 Million by 2031
Cork Flooring Market
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.
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Driving Demands:
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. Furthermore, the increased focus on sustainable development is driving the demand for cork flooring solutions that are relatively eco-friendly. This has encouraged key players to innovate and develop eco-friendly cork floorings, thereby providing lucrative growth opportunities.
The rise in construction activities across various regions such as Europe & Asia-Pacific and an increase in demand for highly appealing flooring solutions for buildings are expected to fuel the global cork flooring market growth. However global trade wars are restraining the growth of the market. On the contrary, rapid urbanization and industrialization of emerging countries are expected to offer lucrative opportunities for the growth of the market.
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Segmentation Based On:
The market is segmented on the basis of type, installation method, construction type, end-user industry and region.
On the basis of type, the market is divided into flail sheet form and tile form.
On the basis of installation method, the market is divided into floating and glue-down.
On the basis of construction type, the market is divided into new construction and replacement.
On the basis of end-user industry, the market is divided into residential and commercial.
Regional Analysis:
Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Spain, Portugal and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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Competitors Analysis:
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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