Global Vinyl Flooring Market Value Share, Analysis and Segments 2019-2025

The latest report on Vinyl Flooring Market by Infinium Global Research gives complete coverage of the vinyl flooring market by product type (luxury vinyl tiles (LVT), vinyl sheets, and vinyl composite tile), end-user industry (residential, healthcare, education, retail, sport, hospitality, and industrial) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of vinyl flooring such as North America, Europe, Asia-Pacific, and Latin America over the short run and long run.

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Vinyl Flooring Market: Industry Insight

The vinyl flooring market is expected to grow to nearly USD 50 billion within the next five years.  Vinyl floor is water-resistant, making it the perfect material to use in bathrooms, kitchens, and other areas of homes, which are exposed to high moisture. Further, since these sheets have a clear wear layer, they act as surface barriers, protecting the floor from spills and stains. Additionally, vinyl is cost-effective and has a long life. Vinyl is normally considered to be a highly durable material and it can last for around 20 years if installed and maintained properly.

The vinyl flooring market is a fragmented market. The key players in the vinyl flooring market are AFI Licensing LLC, Mohawk Industries, Inc., Forbo Flooring Systems Corporation, TOLI Corporation, Interface, Inc., Mannington Mills, Inc., C.I. TAKIRON Corporation, Responsive Industries Ltd., JAMES HALSTEAD PLC, Shaw Industries Group, Inc., and Gerflor among others.

 Vinyl flooring market: Drivers and Restraints

The rising use of modern flooring for residential sites acts as a major driver for the growth of the vinyl flooring market. In addition, vinyl flooring is cost-effective, versatile, flexible, and is available in a variety of patterns and colors. Furthermore, the expanding construction sector in the developing nations is also anticipated to increase the usage of the vinyl flooring market. The growth of residential and office spaces across the globe is also leading to a significant increase in the use of vinyl flooring. However, people with respiratory and asthma problems are likely to be very susceptible as vinyl flooring discharges volatile organic compounds (VOC) into the air, especially in the case of new flooring.

Vinyl flooring market: Segmentation

The report on the global vinyl flooring market is bifurcated into product type and end-users. Based on product type, the markets are further bifurcated into luxury Vinyl Tiles (LVT), Vinyl Sheets, and Vinyl Composite Tile. Based on end-user, the markets are further divided into residential, healthcare, retail, education, sport, hospitality, office, industrial, and automotive. Among the end-users, the residential segment held a major market share in the vinyl flooring market owing to the rising demand for sophisticated flooring and increasing willingness to spend on pattern styled products.

Vinyl Flooring Market: Regional Insight

The Asia Pacific holds the largest share in the global vinyl flooring market. China is the key country that contributes to the largest revenue in the Asia Pacificvinyl flooring market as it is one of the leading countries in the construction industry. Furthermore, Latin America is anticipated to advance in the vinyl flooring market owing to the improving infrastructure in countries including Peru, Colombia, Argentina, and Bolivia during the forecast period.

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 Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the vinyl flooring.
• Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
• Comprehensive analysis of the companies operating in this market.
• The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.