Resilient Flooring Market To Reach USD 59.43 Billion By 2027 www.reportsanddata.com
Market Summary The growing environmental concern and rising construction industry are driving the need for the market.
Market Size – USD 36.79 Billion in 2019, Market Growth - CAGR of 6.8%, Market Trends – High demand from developing
nations.
The global Resilient Flooring market is forecast to reach USD 59.43 Billion by 2027, according to a new report by Reports and
Data. The rising construction industry is likely to fuel the growth of the market. It is also expected that a major increase in commercial and residential construction will boost demand for resilient flooring in the next few years. Rapid urbanization has generated a wave of renovation and remodeling activities, increasing demand in the flooring industry. Along with growing investments in the construction industry, the rise in infrastructure to keep up with lifestyle changes contributes to increased demands. Product innovation and customization are just a few parameters which drive market growth.
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Market Summary The unpredictable raw material expense represents near-headache. With another recession looming and rising global trade war, the raw material's fluctuating price has become a problem for the industry, making demand and supply unpredictable. This hinders not only the producers but also the entire industry due to the increase in the price of the finished product. High risk of cutting due to low-pressure points such as table legs restricts this market's growth. The presence of toxic chemicals such as phthalates and high sensitivity to hot items also acts as a market restraint. Further key findings from the report suggest• Increased demand for slip-resistant and antibacterial flooring solutions is one of the main factors that drive resilient growth in the flooring market • Due to its durability, ease of installation, and perceived value due to its thickness and stiffness, the residential market has now fully embraced the product. Consumers are equating thickness with quality in the current scenario, and demand is for rigid core products. • Developing the nation's government has promoted and invested in infrastructural development and creative I.T construction. SEZs, and parks, among others. This has resulted in the commercial flooring growing at a CAGR of 7.1% and increased further with a focus on urbanization and industrialization. Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sampleenquiry-form/3100 www.reportsanddata.com
Market Summary Companies considered and profiled in this market study Mohawk Industries, Inc., Tarkett S.A., Forbo Flooring, Shaw Industries, Inc., Mannington Mills, Inc., Gerflow, Beaulieu, Nora System, Armstrong World Industries Inc., and DLW Flooring among others. For the purpose of this report, Reports and Data have segmented into the global Resilient Flooring market on the basis of product, application, distribution channel, and region: Product Outlook (Revenue, USD Billion; 2017-2027) • Luxury Vinyl Tiles • Vinyl sheet & Floor tiles • Linoleum • Cork • Rubber Application Outlook (Revenue, USD Billion; 2017-2027) • Residential • Commercial
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Market Summary Distribution Channel Outlook (Revenue, USD Billion; 2017-2027) • Retail Distribution Channel • Wholesale & Distribution Business Trend Regional Outlook (Revenue in USD Million; 2016–2026) • North America • Europe • Asia Pacific • Latin America • Middle East and Africa (MEA)
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