The vinyl flooring market is segmented into product, end-user industry, and region. Based on product, the market is classified into luxury vinyl tile and vinyl sheets & vinyl composite tile
New York, NY -- (SBWIRE) -- 06/14/2019 -- Vinyl flooring, also known as resilient flooring, is a finished flooring material primarily used in construction application related to commercial and industrial applications. It is made from a combination of natural and synthetic polymer materials such as polyvinyl chloride and plasticizers. Vinyl flooring is available in the form of sheet, tile, and plank, specially designed for residential and commercial use. Low cost, durability, and ease of maintenance of vinyl flooring makes it more durable and cost-effective flooring system over other traditional modes of flooring, such as wood, concrete, ceramic, and marble. Major advantages, which include scratch free flooring, resistance to withstand water and sunlight, availability in several colors, designs, and patterns, increase its demand in several applications, such as offices, hospitals, malls, hotels, homes, and factories.
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Due to the increased durability, strength, and low-maintenance, vinyl floorings are preferred in non-residential construction of structures related to office space, shopping malls, resorts, and hotel accommodation. Thus, strong growth in office, retail, and industrial construction activity is the major factor, which contributes to the increase in demand for vinyl flooring. In addition, due to its superior properties such as water-resistant nature, ease of cleaning, and ability to improve indoor air quality, vinyl flooring is often the product of choice for flooring in many of modern health care and educational infrastructures, thereby driving the market.
The global Vinyl Flooring market is segmented on the basis of product, end user, and geography.Based on the product the market is classified into plastic, silicone, and other. Further, the plastic material is sub-categorized into polyethylene, polyvinyl chloride, polyamide, and other plastic material. On the basis of end user, the Vinyl Flooring market is divided into biopharmaceutical manufacturers, life science R&D and academic research, and contract research organization & manufacturers. The plastic segment has generated the highest revenue in the global market in 2016 and is anticipated to maintain the dominance throughout the forecast period. In addition, contract research organization & manufacturers is expected to grow at the fastest pace from 2017-2023.
KEY MARKET PLAYERS PROFILED IN THE REPORT: Armstrong World Industries, Inc., Berkshire Hathaway Inc., CBC Flooring, Congoleum Corporation, Forbo Holding AG, Tarkett S.A., Mannington Mills, Inc., Mohawk Industries, Inc., Gerflor SAS, and IVC Group.
The recent report, Vinyl Flooring market fundamentally discovers insights that enable stakeholders, business owners and field marketing executives to make effective investment decisions driven by facts – rather than guesswork. The study aims at listening, analyzing and delivering actionable data on the competitive landscape to meet the unique requirements of the companies and individuals operating in the Vinyl Flooring market for the forecast period, 2019 to 2025. To enable firms to understand the Vinyl Flooring industry in various ways the report thoroughly assesses the share, size and growth rate of the business worldwide.
The study explores what the future Vinyl Flooring market will look like. Most importantly, the research familiarizes product owners with whom the immediate competitors are and what buyers expect and what are the effective business strategies adopted by prominent leaders. To help both established companies and new entrants not only see the disruption but also see opportunities. In-depth exploration of how the industry behaves, including assessment of government bodies, financial organization and other regulatory bodies. Beginning with a macroeconomic outlook, the study drills deep into the sub-categories of the industry and evaluation of the trends influencing the business.
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Global Vinyl Flooring Market Analysis by Application
1 Global Vinyl Flooring Consumption and Market Share by Application (2012-2019)
2 Global Vinyl Flooring Consumption Growth Rate by Application (2012-2019)
3 Market Drivers and Opportunities
3.1 Potential Applications
3.2 Emerging Markets/Countries
The extensive documentation of the Vinyl Flooring industry gives access to all the factors expected to influence the growth prospect of the business worldwide. Nobel effort to capture the factors that impede the growth of the market is clearly visible in the report. These factors result in an effective and reliable branding and promotion and marketing plan. In addition, comprehensive coverage of recent advancements, product nearing development stage, project pipeline, and major industrial players offer all the confidence a business owner needs to design a business strategy that will drive company's success.
Understanding what the audience is looking for in a report the researchers behind this attunes deliverables according to their needs such as product price, demand and supply status, end-use, profit and others. By operating in close alignment with the major vendors, the researchers have customized the literature – based on universal perspective as well as comprehensive knowledge of the local business owners. The document further aims at addressing the different challenges and opportunities of carrying out business operations in North America and beyond.
The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2023? What will be the share and the growth rate of the Vinyl Flooring Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Vinyl Flooring market across the different regions?
- What are the challenges faced by the companies operating in the Vinyl Flooring Market?
- What are the future prospects for the Vinyl Flooring Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Vinyl Flooring industry during the forecast period, 2019 to 2023?
- What are the future prospects of the Vinyl Flooring industry for the forecast period, 2019 to 2023?
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