Resilient Flooring Market Segment Forecasts up to 2023

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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