DUBLIN--(BUSINESS WIRE)--The "Vinyl Flooring Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global vinyl flooring market was valued at $20,194.76 million in 2016, and is projected to reach $48,471.15 million by 2023, registering a CAGR of 13.3% from 2017 to 2023. In 2016, the vinyl sheet & composite vinyl tile segment accounted for more than half of the global market share in terms of value.
Vinyl flooring is a new type of resilient and robust flooring used in various residential and commercial buildings such as homes, offices, hotels, and others. It is produced by heating polyvinyl chloride (PVC) resin with plasticizers to give flexibility, with pigments to provide color, with stabilizers to ensure stability to heat and light, and with mineral fillers to improve the properties and reduce the cost. It is supplied in either form of luxury vinyl tiles and vinyl sheets & composite floor tile. Durability, low cost, and ease of maintenance has made it the perfect flooring solution over other traditional modes of flooring, such as wood, concrete, ceramic, and marble.
Superior properties of vinyl flooring such as water-resistant nature, ease of cleaning, and ability to improve indoor air quality increase its demand in construction of health care and educational infrastructures. Moreover, manufacturers are introducing innovative graphic film layers and design versatility to vinyl flooring making it more consumer-friendly and indistinguishable from natural materials, such as premium stone finishes and rich wood floors. Availability of vinyl flooring in different shapes, sizes, colors, and patterns makes it suitable for decorating and renovating homes. Growth in number of renovation projects also contributes to the growth of the vinyl flooring market.
Vinyl sheet & composite vinyl tile is composed of binder, fillers, and pigments. The binder consists of one or more resins of poly, or vinyl chloride copolymers, or both, compounded with suitable plasticizers and stabilizers. Due to the versatility of its graphic layer, vinyl sheet & composite vinyl tile provides superior design capabilities as compared to other traditional materials such as wood, marble, and concrete.
- 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
- IVC Group
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: Vinyl Flooring Market, By Product
5: Vinyl Flooring Market, By End-User Industry
6: Vinyl Flooring Market, By Geography
7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/v9kxbk/global_vinyl?w=4