The global flooring market is highly dynamic and versatile. Equipped with a wide-ranging portfolio of products, this market is among the most important building material markets. The substantial rise in the construction industry and the increasing trend of home improvement and renovation project activities is likely to boost this market substantially over the forthcoming years.
Asia Pacific to Report Continued Dominance
In Asia Pacific, China has surfaced as the key consumer of flooring products and is expected to remain so over the forthcoming years. Japan, South Korea, and Australia are other important consumers of flooring products in this region. India also demonstrates a significant potential for the growth in its flooring market as a considerable portion of flooring is currently constructed from non-standard materials here.
Demand for Tiles to Remain Strong
The demand for resilient flooring is likely to expand at a higher pace than other products, with luxury vinyl tile (LVT) and wood-polymer composites (WPC) exhibiting double digit growth rates. Stone flooring, such as marble and granite flooring, will witness a moderate demand due to their high costs and complex installation.
<span font-size:16px;font-style:normal;font-weight:400;text-decoration:none;"="" style="white-space: normal; font-family: "sans serif", tahoma, verdana, helvetica; font-size: 12px; color: rgb(51, 51, 51);">
Gerflor Group, Shaw Industries group Inc., Tarkett Group, Mannington Mills Inc., Mohawk Industries Inc., Avant Holding GmbH, Armstrong World Industries Inc., and Boral Ltd. are the key players operating in the global flooring market.