Vinyl Flooring Market: Global Industry Analysis and Opportunity Assessment 2015-2025
Vinyl, a synthetic material, made from chlorine and ethylene is mostly used in construction activities especially in flooring. Vinyl flooring is a type of robust flooring which is more and easy to maintain durable. Vinyl flooring are manufactured in many parts of the world and is the most popular item these days. Scratch free, easy to maintain and wear resistant are some of the major advantages vinyl flooring over other floorings that are keeping it at a competitive edge. Also vinyl flooring has its availability in several colours, designs, and patterns which has made it more striking and tempting.
Growing consumer attention in decorating their houses. Increasing preferences towards environment friendly products are also responsible for driving this market. Can be used in kitchen, bathroom, laundry room, anywhere since it is easy to fix and maintain.
Growing consumer demand of residential floorings and increasing purchasing power is raising the global vinyl flooring market. Its cost effectiveness and environment friendly nature of the consumers is inducing more and more consumers, ultimately increasing the global vinyl flooring market.Nominal maintenance and increased strength and durability are some of the major reasons why these surface floorings are also preferred in non-residential market. Technological advancement also playing an enormous role to stay ahead in the competition.
The major challenge of the global vinyl flooring market is that it needs a higher level of skill to install it which needs a specific training. The manufacturers are responsible to offer extensive factory training for professional installers. If not installed properly it can lead to some problems like wrong patching, irregular surface and cracking.
Vinyl Flooring Market: Segmentation
On the basis of component type the global vinyl flooring market can be broadly segmented into Polyvinyl Chloride (or vinyl) Resins, Plasticizers, a Carrier sheet or Backing, Pigments & Trace Stabilizers.
On the basis of product type the global vinyl flooring market can be broadly segmented into Printed Vinyl and Inlaid Vinyl
On the basis of format type global vinyl flooring market is broadly segmented into includes Vinyl Sheet; Vinyl Tile; and Luxury Vinyl Tile, which is comparatively new and the most high end vinyl flooring
Vinyl Flooring Market: Region-wise Outlook
Global Vinyl flooring market is expected to register a favourable growth which is backed by the growth of global decorative paints market that has grown noticeably in the last few years. APAC is considered to be one of the fastest growing market amongst others. The growing demand for vinyl flooring due to the rise in infrastructural projects, increasing growth in automobile industry, and urbanisation is responsible for raising the global vinyl flooring market. The growth in global vinyl flooring market is mostly affected by developing countries due to the increasing purchasing power. Also the increased commercial consumption of vinyl flooring in automotive, healthcare, manufacturing, retail and education is growing the global vinyl flooring market immensely.
Price sensitive consumers of Asia are also very responsive to this affordable product which is directly raising the global vinyl flooring market. APAC is expected to be followed by Europe and North America.
The market participants such as material suppliers, manufacturers and distributors play a key role in the supply chain of the industry. Some of the key market competitors are Mohawk, Gerflor, Armstrong, Mannington Mills Inc, and Shaw flor, Among many others.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint