NON-RESILIENT FLOOR COVERING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The non-resilient floor covering market is expected to grow with a CAGR of 3.2% 2018-2024.

• Non-resilient floor cover products do not flex under pressure and are made of organic hard surface flooring materials, such as ceramic and porcelain tiles, solid and engineered hardwood, laminates, natural stone, slate, and bricks.
• The market is poised for high growth for the future years due to an upward movement in the new home and commercial construction activities in the developing economies.
• Increased property resale has stimulated the homeowner remodeling and home improvement projects and the rise in the prices of the residential property worldwide.
• The ceramic and stone product suppliers have increased their dependence on online retail channels. The technological advancements in mining have resulted in reduced prices of natural and manufactured stones, which is in turn, fuelling the growth of the industry.
• Several factors, such as water resistance, ease of cleaning, enhanced comfort, and durability of floors, are also driving the demand for non-resilient flooring products.
• Ceramic tiles segment is expected to expand rapidly over the forecast period, owing to various benefits of ceramic tiles.

Scope of the Report

A complete background analysis of the non-resilient floor covering market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview, is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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Key Market Trends

Largest Ceramic Tile Segment

Ceramic tiles are extensively used in new residential as well as in home improvement activities. Furthermore, ceramic tiles are used in commercial applications, such as malls and shopping centers as well as work and office spaces. Ceramic flooring is the main driver of the resilient floor covering market.

In the Asia-Pacific region, there has been an increase in the demand for ceramic flooring products from developed countries, such as the United States, Mexico, China, and Italy in 2017. The ability of ceramic flooring products to replicate wood and stone finishes is fueling the demand. The advancements in digital printing technology are being leveraged by the vendors to provide ceramic tiles with a wide range of design aesthetics.

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