Flooring is any material applied on a floor structure to provide a smooth, durable, and hard levelled surface. Various types of flooring solutions are wood flooring, laminate flooring, hard flooring, resilient flooring, and seamless polymer flooring. Flooring materials provide several features such as load impact, abrasion, chemical attack, strengthening of damaged floors, moisture penetration, and for improving aesthetic appeal of floor.
The global flooring market report has been segmented on the basis of product, application, and region.
Global flooring market has been segmented into soft coverings, seamless flooring, wood & laminates, and others, on the basis of product. The soft coverings segment in the flooring market is anticipated to hold largest market share in terms of revenue throughout the forecast period. This is owing to several benefits such as dust-binding features, noise-reducing effect, and its good-insulator property which provides comfort, warmth, and pleasing aesthetics.
On the basis of application, the global flooring market has been segmented into residential, commercial, and industrial. The residential application segment is projected to account for highest revenue share in the global market and is foreseen to witness a similar trend in the next ten years. Rising demand for strong & durable floor coating in several industries such as mining, metallurgical, and oil & gas is anticipated to drive growth of industrial application segment.
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On the basis of region, the global flooring market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is expected to dominate the global flooring market, owing to easy availability of low-cost of labor, low-cost raw materials, and favorable government norms to promote Foreign direct investment (FDI). The market in North America is projected to witness moderate growth over the forecast period, followed by the market in Europe.
Key players operational in the global market include Gerflor, Amtico, Congoleum, Forbo, Interface Global, Pergo, Shaw Floors, Mannington Mills Inc., Armstrong, IVC Group, and other prominent players.