Global Resilient Flooring Market: Overview, Trends, Prospects and Key Regions
Resilient flooring is a blend of synthetic and natural materials which is employed in the primary replacement for traditional hardwood flooring. It conglomerates the characteristics of esthetic flooring. It offers enhanced strength properties due to the mix of the polymer materials used in the several manufacturing processes. Resilient flooring is classified into four type on the basis of raw materials such as linoleum, cork, rubber, and vinyl. Other different types of resilient flooring comprise asphalt and wood. Vinyl resilient flooring is anticipated to retain a lead over the next couple of years owing to its feasible nature and substantial longevity as compared to traditional flooring. It is further durable and can be produced using several raw materials. As a result of its flexibility with different raw materials, vinyl resilient flooring can be used in several applications.
This industry research report is a brief review of the growth trail in terms of current, historical, and future scenarios of the global resilient flooring market. It offers an evaluation of the aspects that are expected to influence the development of the market and the primary trends have also been specified in the research study. The research study also offers a broad lookout on the vendor landscape of the market through Porter’s five forces analysis. The research publication provides references of mergers and acquisitions, the research and development activities, specifics on licensing and collaborations. The report probes into the strategies related to marketing, shares, and product portfolio of the key participants in the global resilient flooring market.
The growing construction industry is likely to bolster the growth of the resilient flooring market due to its high demand in the construction industry. A significant rise in the commercial and residential construction activities is also expected to drive the demand for resilient flooring over the next couple of years. The global market is also expected to be benefitted by the rising demand in Europe and Asia Pacific. The growing demand for inclusive flooring for installing in commercial complexes is further expected to the fuel the growth of the resilient flooring market in the near future. This trend is expected to gain traction in the next couple of years.
The employment of cork flooring is also gaining prominence owing to its easy installation feature. Owing to the growing environmental concerns across the globe, the deployment of linoleum flooring is intensifying as it is naturally sourced. Hence, resilient flooring has the capacity to imitate textures of wood and stone along with other advantages.
Based on volume, the global resilient flooring market is projected to be dominated by Asia Pacific in the next couple of years. This growth can be primarily attributed to the growing building and construction industry of the region. The incessantly rising number of construction activities in Brazil, Malaysia, Thailand, and India is another factor that is likely to bode well for the market growth in the region. The market for resilient flooring in Europe is likely to be driven by the rising replacement to resilient flooring from hardwood flooring.
Global Resilient Flooring Market: Competitive Landscape
The chief players in the market are AWI Licensing Company, Mohawk Industries, Shaw Industries Group Inc., Gerflor Group, Forbo Flooring Systems, Domco Tarkett Inc., American Biltrite Inc., and Mannington Mills Inc.
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