Market Size of Brazil Floor Covering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 14.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Floor Covering Market Analysis
Brazil Floor Covering Market is projected to reach USD 69.35 Million in the current year and is poised to achieve a CAGR of 14% for the forecast period.
COVID-19 has an impact on the floor covering market in the Brazil, as it did on all other markets. This impact was mostly due to significant interruptions in raw material transportation as well as a temporary shutdown of the manufacturing industry and end-use sectors, resulting in a drop in demand and sales for floor covering products and materials during the period. Due to the lockdown, many construction projects where suspended, while others postponed. Due to the pandemic outbreak, offices, restaurants, and hotels were closed, leading to a negative impact on the Brazil floor covering market.
Brazil is the most prominent market in Latin America for the production of floor cover and ceramic tiles. The Brazilian coatings industry has its roots in brick and block factories, and has grown with the production of floors and tiles. New companies have entered the market, providing consumers with more options and improving the quality of coatings and renovations. The country is renowned for its floor covering production and consumption, and is one of the biggest producers and consumers of ceramic tiles and a leader in the Latin American region. The floor covering market in Brazil is undergoing rapid transformation and is a leader in international markets, with the ceramic sector projected to expand by more than 820 million square meters.
Rise in the construction projects in residential and commerical sector is driving the market growth. Urbanization, population growth, industrialization, and disposable income are driving the floor covering market in Brazil.The demand for floor covering is seen increasing as it is required to outfit the workplace and residence area. Also increasing demand for insulation is also expected to boost market growth over the forecast period. An increase in office improvement is witnessed as companies are redecorating office areas to include modular systems furniture.
