LVT Flooring Market Revenue to Cross US$ 22.22 billion by 2031: Premium Market Insights

The LVT flooring market size was valued at US$ 22.22 billion in 2023 and is expected to reach US$ 43.95 billion by 2031; it is estimated to register a CAGR of 8.9% from 2023 to 2031.LVT Flooring Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rigid and Flexible) and End User (Residential, Commercial, and Institutional)

Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00083522?utm_source=OpenPR&utm_medium=10823

Competitive Landscape: LVT Flooring Market:
Luxury vinyl tile offers a cost-effective alternative to traditional materials like hardwood or stone, providing the look and feel of luxury at an affordable price. In addition, technological advancements in the manufacturing process have allowed for more realistic textures and patterns, enhancing the visual appeal of LVT flooring, which has been attributed to the demand for the market during the forecasted period. Further, properties of LVT, such as durability, water resistance, and ease of maintenance, make it an attractive choice for both residential and commercial applications.
Based on type, the LVT flooring market is segmented into rigid and flexible. The rigid segment held the largest share of the market in 2023 and is expected to record the highest CAGR from 2023 to 2031. Rigid LVT flooring is made from a rigid core layer of composite material, such as stone polymer or wood polymer, sandwiched between two vinyl layers. Rigid luxury vinyl tiles, also known as floating or interlocking LVT, are designed to be installed without adhesive. The rigid core layer provides additional strength and stability to luxury vinyl tiles, making them suitable for high-traffic areas and busy homes. Rigid LVT can be installed over various subfloors, including concrete, ceramic tile, and even existing vinyl flooring, making it a preferable option for renovations and remodels. Several rigid core luxury vinyl tiles have a built-in underlayment that offers additional cushioning, making the flooring more comfortable to walk on and reducing the impact of foot traffic.

Mitsubishi Materials Trading Corp
APAR Industries Ltd
Hindalco Industries Ltd
Norsk Hydro ASA
Leebo Metals Pvt Ltd
Sumitomo Electric Industries Ltd
Vedanta Aluminium and Power Ltd
United Co RUSAL Plc
Vimetco NV
Cunext Copper Industries SL
Bottom of Form

Chapter Details of LVT Flooring Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: LVT Flooring Market Landscape
Part 04: LVT Flooring Market Sizing
Part 05: LVT Flooring Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

Interested in Purchasing this Report? Click here @ https://www.premiummarketinsights.com/buy/TIP00083522?utm_source=OpenPR&utm_medium=10823

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sushant More
SE-mail: sales@permiummarketinsights.com
Phone: +1-646-491-9876

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.

This release was published on openPR.