Global Flooring Materials Market is expected to reach USD 2,199.40 billion by 2026 from USD 1,240.84 billion in 2018, growing at a CAGR of 7.5% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Global flooring material market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the growing residential building construction in developing countries and reuse or recycling of construction debris.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technologies. For instance; in January 2019, Mannington Mills, Inc. launched the new product line ADURA MaxAPEX—floors. The new product is more durable and sustainable in nature providing beautiful wood looks to the vinyl floors. The new product will help the company expand its business in the future.
Saint-Gobain dominated the global flooring materials market and accounts for the highest market share in 2018 which is followed by 3M and Mannington Mills, Inc. The other key players existing in the market includes Boral, CSR Limited, Sika AG, Johns Manville, Milliken, Interface, Inc., Shaw Industries Group, Inc., Arabian Tile Company Ltd. – ARTIC, Kajaria Ceramics Limited, MOHAWK INDUSTRIES, INC., Tarkett, Owens Corning, Fletcher Building, TAMKO Building Products LLC, SCG, The Euclid Chemical Company, Liberty Industries, Synetik, ARDEX Group, Q.E.P. Co., Inc.
Saint-Gobain
Saint-Gobain headquartered in Courbevoie, France was founded in 1665. The company designs, produces and distributes materials that help creating great living places and improving daily life. The company operates through three business segments which include innovative materials, construction products and building distribution in which construction products is market focused segment. The companies solutions categories include exterior finishing, interior finishing, technological materials, energy efficiency solutions, distribution and services solutions in which distribution and services solutions is market focused category. The company has 1,81,536 employees as of December 31, 2018.
It has its global presence in Northern Europe, Southern Europe-MEA, Americas and Asia-Pacific. It operates through its subsidiaries such as Placoplatre (France), CertainTeed Corporation (U.S.), Jewson (U.K.), Saint-Gobain Rigips (Germany), British Gypsum (U.K.), Norton Abrasives (U.S.) and others.
3M
3M headquartered in Minnesota, U.S. was founded in 1902. The company operates in larger ranges of products or field of operation. The company has four operating divisions namely industrial, safety and graphics, health care, electronics and energy and consumer in which healthcare is market focused segment. The healthcare segment include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, and food manufacturing and testing. The Electronics and Energy segment serves customers in electronics and energy market. The product categories of the company include automotive, commercial solutions, communications, design & construction, electronics, energy, government, health care, manufacturing, mining, oil & gas, safety, transportation in which Commercial Solutions is market focused category. The company has 93,516 employees as of 31st December, 2018.
It has its global presence in Asia-Pacific, Europe, Middle East and Africa and Americas. The company has various subsidiaries such as 3M Japan Limited (Japan), 3M India Limited (India), 3M (Canada), Meguiar's, Inc. (U.S.), Capital Safety (U.S.), Ceradyne (U.S.), Scott Safety (U.S.) and Others.
Mannington Mills, Inc.
Mannington Mills, Inc. is headquartered in New Jersey, U.S. founded in 1915. The company is privately held and is engaged in manufacturing and marketing of different types of materials for floors. The company has product category which include residential and commercial.
- In May 2019, Mannington Mills, Inc. signed a partnership with New Jersey Non-Profit in order to provide residents and quality services to the adult group age population namely East House. The project would provide home to the individuals with intellectual and developmental disabilities with their families. The project will help create a good brand image for the company.
The company has geographical presence in U.S., Canada and Europe. It operates through its subsidiaries such as Burke Industries, Inc. (U.S.), Amtico International (U.K.), Mannington Carpets, Inc. (U.S.) and Amtico Holdings Ltd. (U.K.) and others.
