The global resilient flooring market is expected to reach USD 9.96 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for resilient flooring in light of increasing government spending on infrastructural development is expected to spur industry size. Furthermore, excellent insulation properties of the product will propel market growth over the forecast period. Increasing consumption of linoleum as it is eco-friendly and offers high longevity and durability will promote industry growth.
Commercial applications were a prominent segment and accounted for over 30.0% of the overall volume in 2015. It will witness significant gains in light of the expansion of workspaces and ultramodern offices, rapid urbanization coupled with high living standard. Moreover, growing consumption of luxury vinyl tiles (LVT) in corporate sector applications including cafeterias, corridor, back office, and break rooms will augment industry growth. The luxury vinyl tiles (LVT) is expected to witness significant volume rise at a CAGR of 6.0% from 2016 to 2024 owing to its low installation cost as compared to vinyl composite tiles (VCT). Furthermore, increasing acceptability as durable and aesthetic materials will fuel product demand over the forecast period. Full Research Report On Global Resilient Flooring Market Analysis: www.grandviewresearch.com/industry-analysis/resilient-flooring-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials Grand View Research has segmented the global resilient flooring market on the basis of product, application, and region: Global Resilient Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)
www.grandviewresearch.com/press-release/global-resilient-flooring-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
0 Comments
Leave a Reply. |