Resilient flooring,
a blend of natural and synthetic materials, is used as a primary
replacement for conventional hardwood flooring. It combines the
properties of esthetic flooring. Resilient flooring offers high
strength properties owing to combination of polymer materials used in
the manufacturing process. Resilient flooring can be segmented into
four types - vinyl, rubber, cork, and linoleum - based on raw
materials used in the manufacturing process. Other types of resilient
flooring include wood and asphalt. Vinyl resilient flooring is
expected to continue its dominance in the resilient flooring market
in the current decade, as it is economic in nature and offers
considerable longevity vis-à-vis conventional flooring. Growth in
the construction industry is anticipated to propel the demand for
resilient flooring during the forecast period. Significant increase
in residential and commercial construction activities is estimated to
be the major driver for the resilient flooring market in the near
future. In terms of region, Asia Pacific and Europe are projected to
be the major markets for resilient flooring in the next eight years.
Rise in demand for resilient flooring in end-user industries in Asia
Pacific and Europe is likely to boost the market for resilient
flooring during the forecast period.
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Research Report of Resilient Flooring Market :
Vinyl resilient
flooring is highly durable and can be manufactured with numerous raw
materials. Considering its high flexibility to use different raw
materials, vinyl resilient flooring can be employed in various
different applications at economical prices. Vinyl resilient flooring
is usually available in tile, wood, and stone patterns. Cork flooring
is made from the bark of a cork tree. It offers a unique look to
flooring. Cork flooring is commonly installed in a floating manner,
although it can be glued or nailed. Linoleum flooring is natural
ingredient-based flooring, is expected to have slight resurgence in
resilient flooring market, owing to the increasing environmental
consideration of residential flooring. Thus, in general, resilient
flooring offers several advantages and can imitate various textures
similar to that of natural stones and woods along with any
combination of colors. This makes vinyl resilient flooring the best
alternative to hardwood and other types of flooring, as the latter
provide limited options of patterns and colors. Rising demand for
exclusive flooring patterns for commercial complexes is likely to
drive the market for resilient flooring during the forecast period.
This trend is anticipated to continue over the next decade at a
significant rate.
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In terms of volume,
Asia Pacific is anticipated to be the major market for resilient
flooring during the forecast period, primarily due to significant and
continual growth in the building and construction industry.
Considering the tremendous growth in residential and commercial
construction, emerging economies such as India, Thailand, Malaysia,
and Brazil are estimated to be the biggest markets for resilient
flooring in the next few years. Demand for vinyl tiles in the
resilient flooring market is projected to remain moderate in
developed regions such as the U.S., Mexico, Canada, and Europe owing
to the modest growth of the construction industry in these regions.
Increase in replacement of hardwood flooring with resilient flooring
is likely to drive the market for resilient flooring in Europe in the
near future. In a nutshell, developing nations are estimated to be
the key markets for resilient flooring during the forecast period.
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Some of the key
players operating in the resilient flooring market include Mannington
Mills, Inc., American Biltrite Inc., Domco Tarkett inc., Forbo
Flooring Systems, Gerflor Group, Shaw Industries Group, Inc., Mohawk
Industries, and AWI Licensing Company.
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