- Report ID: BMRC 893 | Number of pages: 200 | Publish Date: Feb 2020
Status: Published | Category: Construction | Delivery Timeline:
Vinyl Flooring Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Vinyl Flooring Market place for the forecast 2020– 2025.
Increasing requirement for cost-efficient, low maintenance, and lightweight construction substances in residential construction is expected to power the market for vinyl floorings over the coming period.
Vinyl flooring is a finished flooring material majorly made from a mixture of limestone-base substance combined with composites of synthetic and natural polymer substances such as plasticizers and polyvinyl chloride. It is kind of resilient and solid flooring, which is majorly employed in construction application associated to residential and commercial projects. Other factors such as development of infrastructures in different sectors such as industrial automotive, education, healthcare, and others and development of homeowners and residential construction power the development of the market.
Commercial application section added up for the biggest share of the vinyl floor market and the section is predicted to develop at a solid pace over the forecast period in terms of income. Commercial construction sections such as shopping malls and hotels are predicted to be the major users of these tiles as they provide cost-effectiveness along with quality aesthetics.
LVT is predicted to stay the most popular section of vinyl flooring solutions and the section is predicted to develop at a solid pace over the forecast period in terms of revenue. LVT is sturdier and provides better performance over standard vinyl tiles, which provides them a competitive benefit over their peers. LVT section has caught the attention of users in the last couple of years due to the accessibility of the product in different textures and designs. The launch of digital printing tech to the flooring sector, which allows easy texture printing on these tiles, is expected to power the market growth over the coming period.
The major players included in the global vinyl flooring market forecast are,
By Product Type: Vinyl Sheets, Vinyl Tiles, Luxury Vinyl Tiles
By Application Type: Residential, Commercial
Technical Advancements By Players To Launch Self-Adhesive Floorings Have Advantaged The Market Development Over The Last Few Years
Increasing requirement for cost-efficient, low maintenance, and lightweight construction substances in residential construction is expected to power the market for vinyl floorings over the coming period. Increasing requirement for the product in high-traffic region construction sections such as commercial and offices spaces is predicted to power the market growth. The product is considered to be a cheap option for carpet tiles and wood. Moreover, superior noise control and comfort provided by these floors are predicted to power their demand over the projected period in multistory buildings.
Technical advancements by players to launch self-adhesive floorings have advantaged the market development over the last few years. In addition to this, rising spending by key players to provide tailored product solutions in different design patterns, colors, dimensions, and textures are powering product penetration in the construction industry.
The product has a small lifespan over its wooden peers. The products can’t be repaired and is also hard to replace. Moreover, vinyl floorings are believed to be less eco-friendly as compared to their non-resilient peers as they may give out VOCs and are hard to recycle. These factors are predicted to hinder the market development over the coming period.
Asia Pacific Ruled The Market In Terms Of Both Revenue And Volume And The Trend Is Expected To Continue Over The Coming Period
Asia Pacific ruled the market in terms of both revenue and volume and the trend is expected to continue over the coming period. Usually, ceramic tiles have been ruling the Asian flooring market. On the other hand, altering consumer preferences that need better designs and variation in the product are expected to have a positive effect on market development.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Interested in this report?
Vinyl Flooring Market 2020 By Product Type (Vinyl Sheets, Vinyl Tiles, Luxury Vinyl Tiles), By Application Type (Residential, Commercial) Forecast to 2025