Global Flooring Materials Market is projected to register a substantial CAGR of 7.5% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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DRIVERS:
- Growing residential building construction in developing countries
- Reuse or recycling of construction debris
RESTRAINTS:
- Increasing raw material price
- Breakage of stones and marble, restricts the usage
OPPORTUNITY:
- Eco-Friendly cement to produce new avenues for manufacturers
CHALLENGE:
- Complexity with regards to installation of flooring solutions
Market Trends:
Global flooring materials market is segmented into four notable segments which are materials, flooring type, installation and application.
- On the basis of materials, the market is segmented into floor covering material, floor base material and under mount material. In 2019, floor base material by materials segment is expected to dominate the global flooring materials market with the largest market share as the products used in base are also used to cover the surface due to which their demand is high.
- On the basis of flooring type, the market is segmented into tiles, stone, wood, PVC/vinyl, concrete, terrazzo, mosaic, glass, brick, carpet, cork, linoleum, rubber, acid-resisting, magnesite and others.
- On the basis of installation, the market is segmented into retrofitting and new installation. In 2019, retrofitting segment by installation is expected to dominate the global flooring materials market with the largest market share as the products are widely used in the buildings established in societies where a large amount of construction material is needed.
- On the basis of application, the market is segmented into residential, commercial and institutional.
Key Market Players: Global Flooring Materials Market
The key market players for global flooring materials market are Boral, CSR Limited, Sika AG, Saint-Gobain, 3M, 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. and many others.
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