Vinyl Composition Tile (VCT)
Market
Vinyl Composition Tile (VCT) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Vinyl Composition Tile (VCT) Market Size and Growth
The Vinyl Composition Tile (VCT) market is experiencing steady growth due to rising demand in commercial spaces. As of 2023, the market size is estimated to reach USD 2.5 billion, driven by factors such as durability, costeffectiveness, and aesthetic versatility, with significant potential in emerging markets and green building initiatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ Armstrong Flooring
◍ LG Hausys
◍ DuPont
◍ Karndean
◍ Forbo
◍ Universal Building Products
◍ Mohawk
◍ Gerflor
◍ Milliken & Company
◍ Mannington Mills
◍ USFloors
◍ Kraus Flooring
◍ Tarkett
◍ Parterre Flooring
◍ IVC US
The Vinyl Composition Tile (VCT) market is competitive, featuring companies like Armstrong Flooring, LG Hausys, and Mohawk. These firms innovate in design, sustainability, and performance, driving market growth. Sales figures include:
- Armstrong Flooring: $1.5 billion
- Mohawk: $10 billion
- Tarkett: $3 billion
They enhance VCT market presence through product diversification and strategic partnerships.
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Market Segmentation
By Application
Residential
Commercial
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By Product
Single Layer
Multilayer
Market Growth
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$ X Billion USD
