Vinyl Flooring Market By Rerports And Data
Vinyl Flooring Market To Reach
USD 49.79 Billion By 2027
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Market Summary
The growing incidence in the construction industry, coupled with
the increasing demand for a high standard of living, are major
driving forces of the market.
Market Size – USD 29.66 Billion in 2019, Market Growth - CAGR
of 6.6%, Market Trends – The rise in the trend of customer's high
standard lifestyle.
The Vinyl Flooring market is projected to reach USD 49.79 Billion
by 2027. Rising demand is anticipated by factors such as High
strength, excellent water resistance, and the lightweight
properties offered by the product are expected to drive its
demand over the forecast period in residential and commercial
construction projects. These products are commercially available
in several colors, textures, and design patterns and have
attracted the attention of consumers for the past couple of years.
In addition, the product is gaining recognition among middle-
class consumers due to its visual resemblance to products made
from concrete, natural stone, and wood flooring and significantly
low cost. Luxury Vinyl Tiles is projected to witness a remarkable
rate of growth due to the product's affordability, low
maintenance, excellent water resistance, and easy to clean
properties.
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The vinyl flooring, because of their low noise levels and easy maintenance, is considered to be ideal for
high traffic applications such as restaurants, cafes, and offices. Technological advancements in the sector to
introduce easy-to-install self-adhesive flooring products can lead to high demand for flooring products. In
particular, the demand in the residential segment is expected to be high. The prime end-user of vinyl tiles,
thanks to their superior esthetical appeal, is expected to be nonresidential areas such as shopping malls
and hotels.
The aesthetically pleasing design and easy maintenance are features expected to drive the popularity of
wood flooring and laminate flooring. Advances in construction and printing techniques have increased the
popularity of laminated floors and made them more popular across the globe. Technological advancements
in wood flooring ultimately contributed to increased demand for products.
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Key participants include Armstrong World Industries Inc., Mannington Mills Inc., Forbo, Boral Limited, Brumark
Corporation, Mohawk Industries, Inc., Beaulieu International Group, Tarkett, Shaw Industries Group, Gerflor
Group Inc., Interface, among others.
For this report, Reports and Data segmented the global Vinyl flooring industry report based on product type,
material type, application, and by region for this study:
Product Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
• Luxury Vinyl Tiles
• Vinyl Sheets
• Vinyl Tiles
Material Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
• Wood Plastic Composite
• Stone Plastic Composite
• Others
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Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
• Residential
• Commercial
• Industrial
Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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