Region : Global | Format: PDF | Report ID: BRI100144 | SKU ID: 16039497
We are committed to keeping your personal information safe and secure, Privacy Policy woven vinyl boat flooring
The global pvc floor market size was USD 17.33 billion in 2024 and is projected to touch USD 28.05 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period.
PVC flooring is a relatively new type of resilient flooring. PVC stands for polyvinyl chloride, a versatile material that may be used to make a variety of household items such as doors, windows, pipe fittings, and floors. PVC flooring is widely used in commercial and residential buildings all over the world, and they are reasonably easy to install.
The PVC flooring market has grown in tandem with the growth of the economy and the improvement in people's living standards. Meanwhile, environmental awareness is a significant role in the industry's growth. With the market's severe rivalry, producers must ensure that their products are of excellent performance and quality, having a high degree of customer service. Following market trends, gaining a competitive advantage by focusing more on R&D and services to gain a larger market share.
The recent outbreak of Covid-19 has had a significant impact on a variety of sectors around the world. In hospitals, schools, workplaces, and hotel lobbies, polyvinyl chloride (PVC) flooring is commonly utilized. The recent global outbreak of new coronavirus illness is having a significant impact on numerous industries. The increased demand for chemicals and supplies needed to combat the COVID 19 epidemic resulted in a lack of raw materials for other products, despite high costs, causing the PVC Floor market supply chain to be disrupted. Companies that are rapidly expanding capacity to meet COVID-induced demand must exercise caution when interpreting these unexpected demand patterns.
"Lifestyle Changes to Bolster Market Progress"
Consumers' disposable income is increasing, allowing them to upgrade their lifestyle and invest in a high-end luxury property. Furthermore, customers believe that a well-decorated home is a reflection of social standing, therefore they are looking into different flooring options, such as PVC flooring, to improve and preserve their social image. In the next years, these factors are projected to provide substantial opportunity for industry players.
By type, the market is segmented into Homogenous, Heterogeneous, Vinyl Tiles, and Luxury Vinyl Tiles.
The LVT segment is expected to continue to be the most popular type of vinyl flooring. When compared to other varieties of PVC flooring, LVT is more durable and performs better. Because LVT flooring comes in a variety of styles and textures, its popularity has risen in recent years. During the anticipated period, the introduction of new technologies such as digital printing to the flooring sector is likely to promote PVC floor market growth.
Based on application, the market is classified into Commercial and Residential.
In terms of value, the commercial segment is likely to have a significant share of the market. During the projection period, the category is expected to grow due to rising demand for PVC flooring in hospitals, businesses, hotels, and educational institutions.
"Increasing Urbanization to Facilitate Industry Progress"
Factors such as population growth and increased urbanization are driving the PVC floor industry. According to the United Nations Department of Economic and Social Affairs (UN DESA), urban regions housed roughly 55 percent of the world's population in 2018. By 2050, this population is expected to increase to 68 percent. Furthermore, by 2050, the steady movement in human residency from rural to urban areas, as well as the total rise in the world's population, would have added 2.5 billion people to urban areas.
"Increasing R&D Activities to Magnify Market Growth"
The rising trend in the PVC Floor Market is to customize items to cater to a specific application rather than improving product qualities as a whole. To generate opportunities in the market during the projected period, businesses should embrace digitally linked processes and focus on operational efficiency, diversifying supplier sources, and cost control. Investing in R&D and technology to improve product lines will be the primary growth driver for the market in the short to medium term, despite the current challenging conditions.
"High Costs and Poor Mechanical Performance to Impede Market Progress"
The market’s strength, when compared to other materials like wood and marble, is a key limitation on the market. Another issue is the procedure of laying the sub-floor while keeping high quality standards for the PVC layer installation. Finally, volatile organic chemicals are released during PVC installation, which should not be inhaled. Manufacturers of paste PVC are attempting to prevent the use of such compounds by developing replacements.
"Presence of a Developed Digital Infrastructure to Bolster Growth in Asia Pacific"
Asia Pacific is expected to dominate the PVC floor market share due to the expansion of the construction sector and increased awareness of products such as polyvinyl chloride and other synthetic products. Furthermore, as the world's population grows, so does the demand for new housing, resulting in an expansion of the paste PVC industry.
Europe is expected to account for a significant share of the PVC floor market during the forecast period. Due to the increasing number of repair and maintenance activities in residential and commercial buildings. In addition, the region's market growth is predicted to be boosted by an increase in the number of new housing units and expanding infrastructure investments.
"Companies Adopt Technologically Advanced Production Techniques to Improve Market Position"
Players in the PVC Floor market are changing their business models to the new normal by focusing on digitalization and using emerging technologies like as robotic automation and artificial intelligence. During the forecast period, top firms in the PVC Floor market will continue to use mergers and acquisitions to acquire new technologies, improve portfolios, and leverage capabilities.
The research is based on firsthand knowledge, qualitative and quantitative analysis by industry analysts, and contributions from industry experts and participants across the value chain. The research examines parent market trends, macroeconomic data, and controlling factors in depth, and market appeal by segment. The qualitative influence of key market factors on market segments and regions is also mapped out in the report.
Based on our research, the global pvc floor market is projected to touch USD 28.05 billion by 2032.
The pvc floor market is expected to exhibit a CAGR of 6.2% by 2032.
By type, the PVC floor market is segmented into Homogenous, Heterogeneous, Vinyl Tiles, and Luxury Vinyl Tiles. Based on application, the market is classified into Commercial and Residential.
Increasing urbanization and R&D activities are the factors driving the PVC floor market.
Armstrong, Bonie, LG Hausys, Gerflor, Forbo, Mohawk (including IVC), Mannington, Tarkett, Polyflor, HANWHA are the top companies operating in the PVC floor market.
Number of Users Who can Access
Access to the Analyst Team
Discount on Your Next Purchase
(Applicable for only 1 Report on the sale license type) (offer Valid for a Month Only)
Get the latest news on our products, services, discounts, and special offers delivered directly to your mailbox.
Business Research Insights Office No.- B, 2nd Floor, Icon Tower, Baner-Mhalunge Road, Baner, Pune 411045, Maharashtra, India.
white vinyl flooring roll Toll-Free Numbers : US : +1 (888) 690-5999 UK : +44 8083 023308 Email: [email protected]