Global Flooring Materials Market, By Material (Carpets, Tiles, Vinyl and Rubber, Wood and Other), Type (Soft Covering, Resilient, Non-Resilient and Others), Application (Healthcare, Education, Hospitality, Retail and Sports), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flooring Materials Market
The flooring materials market is expected to be growing at a growth rate of 8.75% in the forecast period of 2021 to 2028. Flooring materials market report analyses the growth, which is currently being growing due to the rising demand for aesthetic interior components in building designs.
Construction is one of the key companies of the world’s leading economies. Growth in the construction allocation is one of the factors estimated to propel the growth of the flooring materials. Flooring designs are amongst the main building components and consist of hard and soft floor coverings. Other than that, from floor coverings, flooring adhesives are also taken into account and combined are defined as flooring materials. The substantial growth of the construction sector, specifically in the advancing economies is estimated to further boost the flooring materials market growth.
Factors for instance growing of population and rapid urbanization, increase in investments in the construction industry, increase in the number of renovation and remodelling activities, rapid industrialization are a few main points that are most likely expected to construct the growth of the flooring materials market. However, volatile raw material costing, increase in the health and environmental issues are few of the factors that may cause to hinder the growth of the flooring materials market. Major growth opportunities for the flooring materials market are increase of the organized retail sector and the growing need from emerging economies from advanced nations. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of people. All these factors are expected to fuel the demand for flooring in the residential sector. Growing focus toward interior decoration and comfort, coupled with rising disposable income of people are expected to drive the demand for flooring in the residential industry. Due to the rise in renovation and remodelling activities resulting from rapid industrialization and urbanization, the market is projected to witness steady growth in the upcoming years. Rising expenditure in the construction industry, increasing population and raising emphasis on interior decoration are also key factors driving the flooring industry globally. Due to increased urbanization and strong residential usage, the rapid rate of growth in the construction industry is further anticipated to raise the global market. Development in revolutionary flooring models and materials coupled with rapid urbanization is driving the development of the flooring industry. In addition, the stream in remodelling and renovation activities supported by low lending rates and the change in green building regulations fuel the business expansion from residential applications. Lacks of standards conflicts with specifications and product performance is constraining the market growth.
This Flooring Materials Market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on flooring materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flooring Materials Market Scope and Market Size
The flooring materials market is segmented on the basis of material, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on material, the flooring materials market is segmented into carpets, tiles, vinyl and rubber, wood and other.
- Based on type, the flooring materials market is segmented into soft covering, resilient, non-resilient and others.
- Based on application, the flooring materials market is segmented into healthcare, education, hospitality, retail and sports.
Flooring Materials Market Country Level Analysis
The flooring materials market is analysed and market size, volume information is provided by country, material, type and application as referenced above.
The countries covered in the flooring materials market report are the 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, Israel, Egypt, South Africa, 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 materials market because of growing of the numbers of new housing units, rise in the population, and compelling investments in the infrastructural sector are boosting the demand for flooring materials in the region. North America is estimated to show large amount of growth in the flooring materials market because of the existence of a high number of construction companies in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Materials Market Share Analysis
The flooring materials 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 materials market.
The major players covered in the flooring materials market report 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. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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