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Flooring Market to witness rapid progressions by 2027

Flooring Market to witness rapid progressions by 2027

vinayakshinde
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Flooring Market to witness rapid progressions by 2027

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  1. Flooring Market Demand Analysis and Growth Forecast from 2021 to 2027 • Significant rise in construction and infrastructure developments across the residential, commercial and industrial sector has drawn considerable attention towards flooring over the past few years. This is fueling the application of flooring material across these sectors, providing positive growth prospects for global flooring market. According to Global Market Insights, Inc., flooring market size is projected to surpass USD 480 billion by 2027. • Flooring industry is witnessing strong growth from increasing expenditure towards construction in the commercial and residential segment. The economic growth across Latin American and Asian countries is fostering the construction industry, which in turn is impelling the adoption of flooring material. Increasing demand for new houses on account of growing population is further supporting the business expansion. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. With regards to the industrial segment, it would be pivotal to mention that there has been a substantial increase in the number of industrial establishments across the emerging economies. This has increased the penetration of seamless floorings in industrial sector. With this burgeoning demand, industrial application segment is anticipated to register an appreciable valuation of more than 20 USD billion by 2027. • Material for flooring comes in resilient and non-resilient type. Resilient flooring material is gaining immense popularity owing to the advantages offered by it such as resistance to cracks and crevices, resistance to moisture, sound absorption and cost-effectivity. • Besides, ongoing product enhancement and technical advancements in resilient flooring products is stimulating their adoption further. Citing an instance, in 2021, Unilin Technologies introduced its proprietary bevel technology for resilient flooring. According to the company, this technology involves pressing the edges of resilient flooring panel downwards into a bevel which ensures that the decor layer and board texture continue until the innermost point of the bevel. It improves the appearance of resilient flooring to be closer to real wood. • However, the ongoing COVID-19 crisis has affected the global construction industry which has subsequently affected flooring market space. But with gradual relaxation in COVID restrictions, the market situation is expected to improve and will continue to grow over the upcoming years. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/122 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • Speaking of the regional outlook, Europe has emerged as a matured and developed market for flooring material. This is majorly due to the strong presence of end-user industries along with the expansion of residential construction industry in the region. The growth of regional industry is further backed by the mounting demand for office spaces which is fostering the commercial flooring. Considering these factors, Europe flooring market is projected to register a lucrative CAGR of around 3.5% through 2027. • Competitive Analysis • Major players involved in the flooring market are Amtico, Armstrong Floor, Mohawk Industries, Tarkett, Marazzi Group, etc. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Flooring Market @ https://www.gminsights.com/industry-analysis/flooring-market-size Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/122 Request for customization: https://www.gminsights.com/roc/122 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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