Global Flooring Chemical Market, By Type (Soft Covering, Resilient, Non-Resilient and Others), Application (Residential, Industrial/Commercial, Infrastructure and Repair Structures), Product (Woods, Vinyl, Tiles, Carpets, & Rugs, Others) – Industry Trends and Forecast to 2029.
Flooring Chemical Market Analysis and Size
Flooring chemical is a resilient flooring which is majorly used in the construction industry. Chemical flooring products are vital building materials which contains soft covering such as carpets & rugs; resilient flooring such as asphalt, cork, wood, rubber, vinyl, and linoleum; non-resilient such as terrazzo stone, ceramic tile, clay tile, concrete tile, and brick are widely used for commercial, infrastructure, residential, and other applications. Flooring chemical are used to increase aesthetics, interior looks, and comfort underfoot in several commercial and residential structures. However, the expansion of infrastructure in several industries such as increase in homeowners and residential construction increase the market growth rate.
Data Bridge Market Research analyses that the flooring chemical market was valued at USD 4.42 billion in 2021 and is expected to reach USD 6.73 billion by 2029, registering a CAGR of 5.40 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Flooring Chemical Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Soft Covering, Resilient, Non-Resilient and Others), Application (Residential, Industrial/Commercial, Infrastructure and Repair Structures), Product (Woods, Vinyl, Tiles, Carpets, Rugs and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Shaw Industries Group, Inc. (U.S.), CBC Group (Singapore), Congoleum (U.S.), Mannington Mills, Inc (U.S.), Mohawk Industries Inc, (U.S.), Novalis Holdings (U.S.), Tarkett (France), Beauflor (Belgium), Beaulieu International Group (Belgium), Fatra, a.s (Czechia), Interface, Inc. (U.S.), C.I. TAKIRON Corporation (Japan), Responsive Industries Ltd. (India), James Halstead PLC (U.K.), Karndean.(U.S.), alshareef.org (Saudi Arabia), AFI Licensing LLC (U.S.), Forbo Group (Switzerland), Gerflor Group (France), Highmoon Home Furnitures Trading LLC (UAE), Nesma (Saudi Arabia), Polyflor Ltd.(U.K.), Toli Floor (Japan)
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Market Opportunities
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Market Definition
Foor covering is a term which is used to describe any covering layer of a finishing material, this is applied on the floor to give a permanent covering. The material which is used as chemical flooring such as laminate tiles, carpets, and others. Chemical flooring are those flooring which contain properties that protect floors from alkalis, solvents, spills, splashes from acids and other corrosive elements.
Global Flooring Chemical Market Dynamics
Drivers
- Rising demand of flooring chemical in construction industry
The high growth of the construction industry all over the globe is expected to drive the growth of the flooring chemical market. There are some factors such as the growing non-residential and residential construction, maintenance and remodelling activities, enhanced aesthetic appearance are some of the major factor which is expected to drive the demand for flooring chemical.
- Increase in demand due to different properties
Flooring chemicals are one of the vital components of modern-day construction industry. They are used for the lamination of floors to improve protection characteristics against several external factors which may affect life expectancy of floors. Flooring chemicals offer a noise reduction effect, dust binding, insulation, waterproofing, durability and an aesthetic appearance to the floor.
Furthermore, growing demand for flooring in several regions has increased the growth of flooring chemical market, increase in the demand for infrastructure in many sectors such as retail, transportation, hospitals and healthcare sector are expected to drive the growth rate of the flooring chemical market.
Opportunities
- Surging investments and technological advancement
Technological advancements such as self-adhesive flooring introduced by manufacturers have benefited the industry's growth during the past few years. Furthermore, growing investments by major manufacturers to deliver customized product solutions in different design patterns, colors, dimensions and textures are driving the product penetration in the construction industry. Rise in demand for luxury tiles in non-residential buildings, such as educational institutions, offices, hotels, and hospitals, is anticipated to drive the flooring chemical market in the upcoming future.
Restraints/ Challenges
- Fluctuation in price of raw material
The prices of many raw materials, including glass fibre and vinyl, limestone, account of nearly 50% of the total spending of the plant. Therefore, a fluctuation in the costs of these raw materials directly impacts the overall manufacturing budget of flooring chemical, hindering the growth of the global flooring chemical market.
- Environmental concern
Flooring chemicals are considered to be less environmental than their other alternatives as they may emit VOCs and are hard to recycle. Therefore, this factor is also anticipated to obstruct the market growth during the forecast period.
This flooring chemical market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flooring chemical market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Flooring Chemical Market
COVID-19 is an incomparable global public health emergency which has affected almost every business, and it has long term effect which are likely to impact the growth of the flooring chemical industry during the forecast period. Many construction projects have been suspended due to the lockdown which is imposed by the government authorities, while others have been postponed. Several industry such as restaurants, offices, and hotels were closed due to the outbreak of coronavirus, which is leading to a negative impact of COVID 19 on the flooring chemical market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Flooring Chemical Market Scope
The flooring chemical market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Soft Covering
- Resilient
- Non-Resilient
- Others
Application
- Residential
- Industrial/Commercial
- Infrastructure and Repair Structures
Product
- Woods
- Vinyl
- Tiles
- Carpets
- Rugs
- Others
Flooring Chemical Market Regional Analysis/Insights
The flooring chemical market is analysed and market size insights and trends are provided by country, type, application and product as referenced above.
The countries covered in the flooring chemical market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the flooring chemical market in terms of revenue and market share due to increase in the number of construction projects in the emerging regions.
North America is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the development of the construction sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flooring Chemical Market Share Analysis
The flooring chemical market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flooring chemical market.
Some of the major players operating in the flooring chemical market are:
- Shaw Industries Group, Inc. (U.S.)
- CBC Group (Singapore)
- Congoleum (U.S.)
- Mannington Mills, Inc (U.S.)
- Mohawk Industries Inc, (U.S.)
- Novalis Holdings (U.S.)
- Tarkett (France)
- Beauflor (Belgium
- Beaulieu International Group (Belgium)
- Fatra, a.s (Czechia)
- Interface, Inc. (U.S.)
- C.I. TAKIRON Corporation (Japan)
- Responsive Industries Ltd. (India)
- James Halstead PLC (U.K.)
- Karndean. (U.S.)
- alshareef.org (Saudi Arabia)
- AFI Licensing LLC (U.S.)
- Forbo Group (Switzerland)
- Gerflor Group (France)
- Highmoon Home Furnitures Trading LLC (UAE)
- Nesma (Saudi Arabia)
- Polyflor Ltd. (U.K.)
- Toli Floor (Japan)
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