Interior Construction Materials Industry Segmentation by Size, Product, Application and Region

Posted on 2023-07-24 by researchinsights in Industrial // 0 Comments

Interior Construction Materials Industry Data Book – Interior Construction Materials, Flooring, Insulation, Ceiling Tiles, Windows and Doors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s interior construction materials sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Access the Global Interior Construction Materials Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Flooring Market Report Highlights

The global Flooring Market size was valued at USD 266.47 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.

The vitrified (porcelain) accounted for 27.7% of the total revenue of the flooring market in 2022. The market is estimated to reach USD 109.20 billion by 2030. This growth is attributed to the durable properties of porcelain, due to which it is highly preferred in residential and commercial structures.
The residential application segment accounted for 49.4% of the revenue share in 2022. This is owing to the rising population in developing countries and increased spending on residential buildings in developed countries.
The commercial application segment was estimated at USD 114.49 billion in 2022 and is expected to grow at a CAGR of 4.8% over the forecast period. This growth is attributable to growing commercialization and urbanization in developing regions in the Asia Pacific region.
The Asia Pacific region dominated the flooring market in 2022 with a revenue share of 45.5% and this trend is expected to continue over the coming years. The rising population in growing economies such as India, Saudi Arabia, Japan, and Indonesia is propelling the demand for flooring in the market.
The North American region contributed about 13.7% of the total revenue share in 2022. The flooring industry in North America is expected to witness significant growth over the coming years on account of the increasing construction of residential and commercial buildings in the region.

Insulation Market Report Highlights

The global Insulation Market size was valued at USD 61.36 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

EPS insulation emerged as the largest product segment and accounted for a 27.3% share of the global revenue in 2021
The segment is estimated to continue its dominance over the forecast period due to the high demand for EPS on account of its lightweight and high-tensile plastic foam insulation property
Glass wool is expected to be the second-largest product segment by 2030 owing to its thermal and acoustic insulation properties, such as high tensile strength
China accounted for a dominant share of the Asia Pacific regional market in 2021. The market is expected to expand at a significant CAGR during the forecasted years due to the rising oil production in the country
The market is highly competitive owing to the presence of several multinational players that are primarily consolidated in Europe and North America, whereas Asia Pacific exhibits a limited presence of established players

Order your copy of Free Sample of “Interior Construction Materials Industry Data Book – Interior Construction Materials, Flooring, Insulation, Ceiling Tiles, Windows and Doors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Ceiling Tiles Market Report Highlights

The global Ceiling Tiles Market is valued at USD 6.82 billion in 2022 and is expected to expand at a CAGR of 9.4% for the forecast period 2023-2030.

Mineral wool ceiling tiles including wet felt, cast mineral fiber as well as fiberglass accounted for the largest market share in 2022 on account of their superior characteristics like less weight, acoustic insulation, recyclability, and thermal insulation
Non-residential application dominated the market in 2022 owing to high investments in commercial space development in several developing countries, such as India, Brazil, and South Korea
Asia Pacific is estimated to witness the fastest growth rate from 2023 to 2030 owing to rising consumer disposable income in several developing countries in the region, leading to the adoption of modern construction practices
The market demand was hampered in 2020 owing to the COVID-19 pandemic. Governments in major economies, such as the U.S., India, South Korea, the U.K., Germany, and Italy, imposed restrictions on several ongoing construction projects to prevent transmission of the virus
The market consists of several global and regional players providing a diversified range of products, thus leading to high competition in the industry
Key strategies followed by market players include mergers & acquisitions and vertical integration to gain a competitive edge

Go through the table of content of Interior Construction Materials Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The major market players are involved in opting for strategies such as high investments in research and development, mergers and acquisitions, collaborations, partnerships, new product developments, and expansions of production capacities and product portfolios to gain a competitive advantage.

Key players operating in the Interior Construction Materials industry are:

Mohawk Industries, Inc.
GAF Materials Corporation
AWI Licensing LLC
Tarkett, S.A.
ROCKWOOL International A/S
Burke Flooring Products, Inc.
Pella Corporation

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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