Global Vinyl Flooring Market is accounted for $29.53 billion in 2020 and is expected to reach $60.59 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Some of the factors such as strong growth in commercial real estate and superior properties of vinyl flooring are propelling the market growth.
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By geography, the Asia Pacific is going to have lucrative growth during the forecast period. China has been the largest construction market in the region, as well as the largest consumer for vinyl flooring. However, changing consumer preferences that demand variation in the product and better designs are likely to have a positive impact on market growth.
Some of the key players profiled in the Vinyl Flooring Market include Tarkett, Shaw Industries Group, Inc., Responsive Industries Ltd., Congoleum Corporation, Novalis Innovative Flooring, Mannington Mills, James Halstead PLC, CBC Group, Gerflor, Forbo Holding, Fatra, Polyflor Ltd., CI TAKIRON Corporation, Interface, Inc., Beaulieu International Group, and Armstrong World Industries.
Products Covered in Vinyl Flooring Market
• Luxury Vinyl Tiles (LVT)
• Vinyl Sheets
• Vinyl Composition Tile (VCT)
Material Types Covered:
• Stone Plastic Composite
• Wood Plastic Composite
• Traditional Luxury Vinyl Tiles
Price Categories Covered:
Distribution Channels Covered:
• Direct Selling/Contractors
• Dealers or Distributors Network
• Home Centres
Component Types Covered:
• Trace Stabilizers
• Polyvinyl Chloride (or Vinyl) Resins
• Carrier Sheet or Backing
• Enhanced Urethane Type
• Urethane Type
• Vinyl No Wax Type
End Users Covered:
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