Our latest research report entitled 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)) provides complete and deep insights into the market dynamics and growth of Vinyl Flooring. The latest information on market risks, industry chain structure Vinyl Flooring cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Vinyl Flooring growth factors.
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Growing Use of Modern Flooring for Residential Sites is Primarily Driving the Growth
The growing willingness to invest more money on premium flooring is increasing the demand for vinyl flooring. Vinyl flooring is a mixture of polyvinyl chloride and plasticizers. Vinyl flooring is versatile, flexible, and is available in a variety of patterns and colors. It is also affordable compared to other floorings. There are varied choices of vinyl flooring available commercially. Some popular kinds of vinyl flooring are inlaid and printed vinyl. It is moderately easy to install on existing flooring as compared to other flooring options.
The growing use of modern flooring for residential sites is primarily driving the growth of the vinyl flooring market. In addition, the surface can be easily cleaned either with plain water or with vinyl floor cleaner to remove stains. Furthermore, vinyl flooring is on the rise due to the demand for sophisticated pattern styled products.
The change in consumer preferences in flooring and the growing disposable income are fueling the growth of the vinyl flooring market. Besides that, it is completely water-resistant and has a long life that increases its adoption in industrial spaces. However, it discharges volatile organic compounds (VOC) into the air and the stringent regulations to limit the use of VOCs in consumer products may hamper the growth of the vinyl flooring market. Moreover, the growing innovations in vinyl flooring are anticipated to promote fruitful opportunities for the growth of the vinyl flooring market.
The Asia Pacific Dominates the Global Vinyl Flooring Market
Among the regions, Asia Pacific dominates the global vinyl flooring market. The expanding construction sector, increasing support from government and massive investments in the construction industry for infrastructural development are some factors responsible for the growth of the market in the Asia Pacific region. China is anticipated to be the major market for vinyl flooring in the region. Moreover, increasing middle-class income among the population in India, China, and Japan has increased the willingness to invest heavily in premium flooring.
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Report on Global Vinyl Flooring Market Covers Segments such as Product Type and End-User Industry.
On the basis of product type, the sub-markets include luxury vinyl tiles (LVT), vinyl sheets, and vinyl composite tile. On the basis of the end-user industry, the sub-markets include residential, healthcare, education, retail, sport, hospitality, and industrial.
The report provides profiles of the companies in the market such as AFI Licensing LLC, Forbo Holding AG, Mohawk Industries, Inc, TOLI Corporation, Mannington Mills, Inc., CI TAKIRON Corporation, Responsive Industries Ltd., James Halstead PLC, Shaw Industries Group, Inc., Gerflor Group, and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-vinyl-flooring-market
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 to invest, consolidate, expand and/or diversify.