Global Vinyl Flooring Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Vinyl Flooring Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Vinyl Flooring Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global vinyl flooring market report has been segmented on the basis of product type, end-use, and region.
This Vinyl Flooring Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective of providing a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically and the current impact to make informed forecasts about the scenarios in the future.
Vinyl Flooring Market Overview:
The Vinyl Flooring Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Vinyl flooring is a resilient flooring material specifically made up of a combination of limestone-based material mixed with composites of natural and synthetic polymer materials such as polyvinyl chloride and plasticizers. Such robust and resilient flooring is primarily used in construction projects.
It acts as a cost-effective substitute compared to the traditional modes of flooring, such as wood, ceramic, and marble.
Development of infrastructures in various sectors such as healthcare, education, industrial automotive, etc., and growth of construction activity fuel growth of the target market.
Increasing purchasing power, cost effectiveness, and environment-friendly nature has been driving the demand for vinyl flooring.
Increasing attention toward aesthetic value and preference for environment-friendly products is responsible for driving the market towards growth.
Availability of different varieties of vinyl flooring options, availability in different sizes and shapes, durability, low cost, and ease of maintenance has made it a perfect flooring solution. Recent trend shows that manufacturers are introducing innovative graphic film layers and design flexibility making it more consumer-friendly.
However, a rise in health and environmental concerns may hamper market growth. Adverse effects of chemicals such as volatile organic compounds (VOCs) on the environment and human health act as a major restraining factor for growth of the target market.
Some organizations such as the United States Environmental Protection Agency (EPA), the U.S. Department of Agriculture (USDA), and the National Sanitation Foundation (NSF) have set stringent regulations on the usage of vinyl, which will hamper the growth of the target market.
The Asia Pacific holds the largest market share in the global market and is projected to maintain this trend during the forecast period.
Demand for modified and better residential construction and significant investments in the infrastructural sector is driving demand for flooring materials in the region. Moreover, a substantial number of new construction projects in developing economies are anticipated to boost the growth of the global vinyl flooring market.
Global Vinyl Flooring Market Segmentation:
By Product Type:
- Vinyl sheet
- Luxury Vinyl tiles
- Printed Vinyl
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Armstrong World Industries, Inc.
- Berkshire Hathaway Inc.
- CBC Flooring
- Congoleum Corporation
- Forbo Holding AG
- Tarkett S.A.
- Mannington Mills, Inc.
- Mohawk Industries, Inc.
- Gerflor SAS
- IVC Group
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