Global Resilient Flooring Market Anticipated To Become Worth USD 54.78 Billion By The Year 2025, Progressing At 6.9% CAGR: Grand View Research, Inc.

Posted on 2019-08-21 by researchinsights in Construction // 0 Comments

San Francisco, United States, 2019-Aug-21 — /EPR Network/ —

The global resilient flooring market size is projected to reach USD 54.78 billion by 2025 registering a CAGR of 6.9%, according to a new report by Grand View Research, Inc. Developing countries including Brazil, India, Mexico, and others are witnessing drastic development in the infrastructure sector owing to rapid urbanization and industrialization resulting in rising need for IT parks, industrial areas, and housing projects.

Development of innovative floor covering solutions and changing trends in construction solutions and floor design have been critical in the industrial development over the last few years. Increasing government spending on infrastructure development is also anticipated to drive the global market further.

Rapid urbanization and growth in building & construction industry, especially in the Asia Pacific region, have substantially driven the commercial end-use segment of the industry. India led the APAC resilient flooring market in 2018 and is expected to continue the dominance from 2019 to 2025 due to favorable government initiatives for infrastructural development.

Vinyl Composite Tiles (VCTs) accounted for the largest market share in 2018. The segment is expected to maintain its dominance on account of low cost, excellent durability, and abrasion and impact resistance of VCTs. Commercial application is projected to be the second-largest segment. Rapid urbanization along with rising need for workspaces has led to the growth of this segment.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/resilient-flooring-market

Further key findings from the report suggest:

Increased demand for slip-resistant and anti-bacterial flooring solutions is one of the key factors propelling the resilient flooring market growth
In terms of revenue, the market in U.S. is projected to reach USD 8.28 billion by 2025. Recovery of the construction industry in the country is anticipated to be a favorable factor for the market growth
The product demand in U.K. was 52.3 million square meters in 2018 and is projected to have a CAGR of 2.2% from 2019 to 2025
China contributed the largest revenue share of 32.1% in 2018 and is anticipated to continue its dominance over the forecasted period owing to increasing demand from residential and commercial constructions
Some of the prominent companies in this market include Armstrong World Industries, Inc.; Tarkett S.A.; Mohawk; Shaw; and Mannington Mills

Related Reports on Advanced Interior Materials:

Grand View Research has segmented the resilient flooring market on the basis of product, application, and region:

Resilient Flooring Product Outlook (Volume, Million Sq. Meters, Revenue, USD Million; 2014 – 2025)

Luxury Vinyl Tiles
Vinyl Sheet & Floor Tile
Linoleum
Cork
Rubber

Resilient Flooring Application Outlook (Volume, Million Sq. Meters, Revenue, USD Million; 2014 – 2025)

Residential
Non-Residential

Resilient Flooring Regional Outlook (Volume, Million Sq. Meters, Revenue, USD Million; 2014 – 2025)

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- Spain
- Italy
- France
- Russia
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
Central & South America (CSA)
- Brazil
- Argentina
Middle East & Africa (MEA)
- Saudi Arabia
- United Arab Emirates

For Press Release of This Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-resilient-flooring-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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