Resilient Flooring Market Report

Resilient Flooring Market Analysis By Product (Luxury Vinyl Tiles, Vinyl Composite Tiles, Vinyl Sheets, Fiberglass Sheets, Linoleum), By Application (Residential, Commercial, Industrial) And Segment Forecasts To 2024

Published: August 2016  |  140 Pages  |  Format: PDF  |  Report ID: 978-1-68038-411-6

Industry Insights

The global resilient flooring market size was USD 6.42 billion in 2015 and is expected to grow on account of the mounting residential sector in India, the U.S., China, and UAE. Furthermore, rapid industrialization and urbanization resulting in urgent needs of industrial areas, IT parks, and housing projects will fuel product demand over the forecast period.

A large number of renovation and home improvement activities, coupled with changing consumer lifestyles and trends have led to a substantial increase in the products’ demand for residential application segment. Growing insulation demand in residential and non-residential applications, on account of rising energy costs and high importance for energy conservation are expected to drive the global market growth over the forecast period.

Increasing demand for fiberglass flooring in major markets including the U.S., Germany, Japan and China owing to excellent durability and lightweight property will propel growth. Furthermore, superior insulation property of fiberglass on account of the presence of reinforced materials is expected to promote the use of the product in flooring industry over the next eight years. However, rising concerns about the environmental impact of vinyl will restrict industry expansion over the forecast period.

Technological advancements coupled with ongoing product development to enhance the performance of resilient flooring will propel market growth over the next eight years. Moreover, rising consumption of environment-friendly floor covering solutions such as linoleum, glass, hardwood, cork, bamboo, and rubber will stimulate industry growth over the forecast period.

U.S. resilient flooring market volume, by application, 2013 - 2024 (Million Square Meters)

U.S. resilient flooring market

Application Insights

Global resilient flooring market in residential applications was 584.9 million square meters in 2015. The positive outlook towards housing sector of emerging markets including China, India, South Africa, Turkey, and Middle East countries on account of easy access to home loans to individuals is expected to have a substantial impact on the industry growth. Rising demand for single family housing projects coupled with growing spending capacity of consumers is expected to propel resilient flooring market over the next eight years.

Increasing demand for energy efficient green buildings which can provide temperature insulation is projected to increase the market size. Rising influx of migrants in Eastern Europe and Nordic countries will spur the demand for new small residential housing projects in the region which in turn will open new markets for vinyl based insulation flooring materials over the forecast period.

Product Insights

Vinyl composite tiles (VCT) accounted for 30.5% of the overall volume share in 2015. These products are expected to have high market size owing to their low price, good durability, and excellent resilience to abrasion and impact resistance. However, hazardous effects associated with VCT on account of releasing the high content of dioxins and other dangerous chemicals such as phthalates and heavy metals is expected to remain a concerning factor over the next eight years.

Regional Insights

Asia Pacific was the largest market and accounted for 32.2% of global volume in 2015. Growing construction industry of emerging economies including, China, India, and Thailand on account of regulatory support for infrastructure improvement at the domestic level is expected to promote the use of resilient flooring demand. Furthermore, increasing the number of commercial spaces including hospitals, retail stores and corporate offices in China and India on account of rising application scope in automotive and food & beverage sectors is expected to propel industry expansion.

The improving housing industry in Malaysia and Indonesia in light of mounting urban population, as well as government support regarding housing loans, is anticipated to increase the use of resilient flooring products over the next eight years. Easy access of linoleum as a raw material on account of abundance of farmland for linseed in India is expected to have a favorable impact on market over the next eight years

MEA market was valued at USD 878.2 million in 2015 and will show high growth in light of favorable government inclinations towards the development of infrastructure and tourism in the region. An increasing number of commercial offices in Saudi Arabia and UAE will propel industry expansion.

Competitive Insights

The industry is extremely competitive in nature owing to the presence of numerous manufacturers. Key participants include Mannington Mills, Inc., Armstrong World Industries, Mohawk Industries, Pergo, Polyflor, and Shaw Floors. Other prominent participants include Nora, Novalis, NOX Corporation, Milliken, Unilin, Q.E.P. Co., Amtico International Limited, Congoleum, Forbo, Gerflor, Interface, Inc., Hanwha, James Halstead, LG Hausys, Tarkett, and American Biltrite.

In June 2016, Pergo introduced its new laminate product, Sensation that has silk matt finish and true to nature knots and cracks, which will increase the product mix and the market share of the company. In January 2016, Polyflor introduced Expona SimpLay PUR range, which is a range of loose lay luxury vinyl tiles for commercial interiors.

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