Global Resilient Flooring Market Size and Share Analysis 2023-2028


Visão geral do mercado

The resilient flooring market is projected to witness a compound annual growth rate (CAGR) of over 7.94% during the forecast period. One of the key drivers of this market growth is the increasing construction of residential buildings, particularly in developing countries. However, there are certain challenges that hinder market growth, such as concerns regarding the environmental impact of flooring material manufacturing and the adverse effects of the COVID-19 pandemic.

Nevertheless, there are opportunities for market expansion due to ongoing innovations in the field of resilient flooring. These innovations are expected to provide various avenues for market growth throughout the forecast period.

Product Type

Relatório de mercado

No. of Pages

213

Release Date

April 2023

Base Year

2022

Forecast Period

2023-2028

Market Size

USD 32.5 billion in 2021

Market Segments

Type, Application, and Geography

Region

Global

No. of Companies Mentioned

17


In terms of market dominance, resilient flooring derived from residential building construction is anticipated to hold the largest share. This indicates that the demand for resilient flooring in residential projects will surpass other sectors during the forecast period.

Geographically, the Asia-Pacific region currently represents the largest market for resilient flooring and is projected to maintain its position as the fastest-growing market. This growth can be attributed to the increasing consumption of resilient flooring in countries like China, Índia, and Japan. These nations are witnessing significant development and infrastructure projects, driving the demand for resilient flooring in the region.


Segmentação de mercado

The market is segmented based on various factors, including type, application, and geography.

Segmentation by Type
Vinyl Flooring
Poly Vinyl Chloride (PVC)
Fillers
Vinyl Sheet Flooring
Rubber Flooring
Linoleum Flooring
Others

Segmentation by Application
Commercial
Residential
Institutional

Segmentation by Geography
North America – Estados Unidos, Canadá, México, and Rest of North America
Europe – Reino Unido, Alemanha, França, Itália, and Rest of Europe
Asia-Pacific – China, Japão, Índia, South Korea, and Rest of Asia-Pacific
Latin America – Brasil, Argentina, and Rest of Latin America
Middle East and Africa – Arábia Saudita, África do Sul, and Rest of Middle East and Africa

Resilient flooring consists of a combination of fillers, binders, and color. Common filler materials used include synthetic fibers, ground wood or limestone, while the binding agent can be either asphalt (asphaltum) or resin.

One of the notable characteristics of resilient flooring is its dense and non-absorbent nature, which provides a comfortable walking surface. Additionally, these types of flooring require minimal maintenance, adding to their appeal. Além disso, compared to non-resilient options, resilient flooring is more cost-effective and offers comparable durability, making it a popular choice for both residential homes and commercial buildings.

The growing demand for resilient flooring in residential building construction can be attributed to the increasing focus on customization in flooring and manufacturing processes. This trend has significantly influenced the market’s growth, leading to a forecasted dominance of resilient flooring applications in residential building construction.

During the forecast period, the Asia-Pacific region is expected to dominate the market for resilient flooring. This can be attributed to the rising demand for resilient flooring in residential building construction and its growing application in the commercial sector, particularly in developing countries like China, Japão, and India. The Asia-Pacific region is home to some of the largest producers of resilient flooring, including companies like Armstrong World Industries, Inc., Mohawk Industries, Mannington Mills, Inc., and Shaw Industries Group, Inc.

Furthermore, according to Global Construction 2030, published by Global Construction Perspectives and Oxford Economics, the construction market in Southeast Asia is projected to exceed USD 1.0 trillion by 2030. This anticipated growth in construction activities will further drive the demand for resilient flooring in residential building construction.

In India, the government has actively encouraged housing construction to accommodate its population of around 1.3 billion people. With an estimated investment of approximately USD 1.3 trillion in housing over the next seven years and the construction of 60 million new homes, the Indian market presents significant opportunities for resilient flooring.

Considering these factors, the market for resilient flooring in the Asia-Pacific region is projected to experience substantial growth during the study period.


Cenário competitivo

The resilient flooring market on a global scale exhibits a partially consolidated nature, with a few dominant players holding significant control over the market. Among the major companies in this industry are Tarkett USA & Canadá, Armstrong World Industries, Inc., Mohawk Industries, Mannington Mills, Inc., and Shaw Industries Group, Inc., among others.

Key companies profiled in this report include Gerflor, Forbo Holding AG, Mondo S.P.A., Mohawk Industries,Inc., Polyflor Ltd., Tarkett S.A., Nora Systems GMBH, Roppe Corporation, Remp Techno SRL, American Biltrite Inc., Dalhaus Dalsouple, Altro USA Inc., Windmöller GmbH, Mannington Mills, Inc., Wonderfloor, TOLI Corporation, Congoleum Corporation.


Key Questions Answered

What is the study period for the Resilient Flooring Market?
The study of the Resilient Flooring Market covers the period from 2018 to 2028.

What is the growth rate of the Resilient Flooring Market?
The Resilient Flooring Market is projected to grow at a compound annual growth rate (CAGR) of 7.94% over the next five years.

Which region has the highest growth rate in the Resilient Flooring Market?
Asia Pacific is experiencing the highest CAGR during the period of 2018 to 2028 in the Resilient Flooring Market.

Which region has the largest share in the Resilient Flooring Market?
In 2021, Asia Pacific held the highest market share in the Resilient Flooring Market.

Who are the key players in the Resilient Flooring Market?
The major companies operating in the Resilient Flooring Market include Tarkett USA & Canadá, Armstrong World Industries, Inc., Mohawk Industries, Mannington Mills, Inc., and Shaw Industries Group, Inc.

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