Growth In Number Of Construction Is Boosting The Vinyl Flooring Market

Vinyl Flooring Market

Definition

Vinyl flooring refers to a finished flooring material predominately made from a combination of limestone-base material mixed with composites of natural and synthetic polymer materials such as polyvinyl chloride and plasticizers. It is type of robust and resilient flooring, which is primarily used in construction application related to commercial and residential projects.

Drivers & Restraints

The global market is anticipated to rise at a considerable rate during the forecast period. In the recent years, the market was growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon. Development of infrastructures in various sectors such as healthcare, industrial automotive, education, and others and growth of residential construction and homeowners fuel the growth of the market.

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Segments-

Product Type-

Luxury Vinyl Tile

Vinyl Sheets & Vinyl Composite Tile

 

Application-

Residential

Health Care

Retail

Education

Sport

Hospitality

Office

Industrial

Automotive

 

Regional Analysis

The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. Asia-Pacific accounted for the largest market share in the global market, and is anticipated to maintain this trend during the forecast period.

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Companies-

Armstrong World Industries, Inc.

Berkshire Hathaway Inc.

CBC Flooring

CongoleumCorporation

Forbo Holding AG

Tarkett S.A.

Mannington Mills, Inc.

Mohawk Industries, Inc.

Gerflor SAS

IVC Group.