PVC Flooring Market Growth Report 2021 to 2031
The PVC Flooring Market is expected to register a CAGR of 6.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by product type (luxury vinyl tiles (LVT), vinyl planks, vinyl sheets, and others). The report is further segmented by end-use (residential, commercial, industrial, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report PVC Flooring Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
PVC Flooring Market Segmentation
Product Type- Luxury Vinyl Tiles
- Vinyl Planks
- Vinyl Sheets
- Residential
- Commercial
- Industrial
Strategic Insights
PVC Flooring Market Growth Drivers- Low cost of material and installation: The PVC flooring market is mainly driven by its cheaper and more durable price than traditional hardwood or stone. This low-cost alternative is suitable for residential, commercial, and industrial applications. It does not scratch, stain, or stick to moisture, making it perfectly suitable for use in kitchens and bathrooms and any kind of commercial use. Increasing demand in residential and commercial construction for long-term, cost-effective solutions enhances the adoption of PVC flooring.
- Sustainability requirements of building materials: Consumers and businesses alike are becoming increasingly concerned about sustainability, and demand for green flooring options is growing steadily. PVC floor manufacturers have upped their game, offering products that utilize recycled material and contain no such harsh chemicals as phthalates. Innovations, such as low-VOC (volatile organic compounds) PVC flooring, are of much interest to the concerned consumer and, therefore, resonate well with worldwide trends toward sustainable building materials and an increasing demand for green certificates in construction.
- High urbanization rates across the globe: Rapid urbanization and growth of the construction industry, especially in emerging economies, have been critical in creating a rising demand for PVC flooring. Additionally, as the real estate markets grow and more people shift their residences to cities, there is an increased need for cost-effective, low-maintenance flooring. Residential, commercial, and industrial construction projects increase with developing markets like Asia-Pacific, which is increasingly boosting demand for PVC flooring.
- Innovative product offerings: Developers of PVC flooring continue to advance the product through modern technologies increasing its functionality and aesthetic appeal. The advent of LVT and LVP added market appeal by giving looks closer to more premium materials such as wood, marble, and stone while maintaining the easy durability and maintenance of such materials. Click-lock installations that improve processes for installation make DIY-friendly easy DIY installation also facilitate adoption.
- Low maintenance of PVC flooring: PVC flooring is widely accepted in the commercial and industrial sectors due to its durability and low-maintenance features while being very versatile in terms of design. They are commonly applied to offices, retail outlets, healthcare environments, and schools, among other settings where durability and cleanliness are important, especially. Commercial acceptance of PVC flooring accounts for such wide attraction to this market since it delivers performance in busy areas, ease of cleaning, and cost efficiency when compared to other materials used.
- Technological integration: The integration of smartness into flooring materials is becoming an exciting opportunity. Smart PVC flooring with features such as temperature regulation, self-cleaning, or sensors for health monitoring is a modern way of addressing consumers' changing needs. As IoT adoption rises, manufacturers in this field could gain a competitive advantage by integrating smartness with PVC flooring in this fast-changing market.
- Increasing home renovation activities: Home renovation and remodeling are increasingly popular today. Cost-conscious consumers look for value-for-money ways of renewing their interiors, which is where PVC flooring offers them an affordable and attractive option as a kitchen, bathroom, and living room makeover solution. With the trend of home improvement lifted by DIY culture and a recent kick-through in renovation brought about by economic factors, PVC flooring companies get the opportunity to serve a broad range of remodeling projects.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the PVC Flooring Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the PVC Flooring Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Increasing adoption of PVC flooring in commercial spaces is expected to be the key market trends.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the PVC flooring market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Armstrong Flooring Inc, Mohawk Industries Inc, Tarkett SA, Shaw Industries Group Inc, Forbo Holding AG, Interface Inc, Gerflor Group, Polyflor Ltd, Kardean Designflooring, and Mannington Mills Inc
The major factors driving the PVC flooring market are:
1. Increased Demand for Cost-Effective and Durable Flooring Solutions.
2. Rising Preference for Sustainable and Eco-Friendly Materials.
The PVC Flooring Market is estimated to witness a CAGR of 6.4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 PVC Flooring Market - By Type
1.3.2 PVC Flooring Market - By Application
1.3.3 PVC Flooring Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PVC FLOORING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PVC FLOORING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PVC FLOORING MARKET - GLOBAL MARKET ANALYSIS
6.1. PVC FLOORING - GLOBAL MARKET OVERVIEW
6.2. PVC FLOORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PVC FLOORING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HOMOGENOUS
7.3.1. Overview
7.3.2. Homogenous Market Forecast and Analysis
7.4. HETEROGENEOUS
7.4.1. Overview
7.4.2. Heterogeneous Market Forecast and Analysis
7.5. VINYL SHEETS
7.5.1. Overview
7.5.2. Vinyl Sheets Market Forecast and Analysis
7.6. VINYL TILES (VT)
7.6.1. Overview
7.6.2. Vinyl tiles (VT) Market Forecast and Analysis
7.7. LUXURY VINYL TILES (LVT)
7.7.1. Overview
7.7.2. Luxury vinyl tiles (LVT) Market Forecast and Analysis
8. PVC FLOORING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
9. PVC FLOORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America PVC Flooring Market Overview
9.1.2 North America PVC Flooring Market Forecasts and Analysis
9.1.3 North America PVC Flooring Market Forecasts and Analysis - By Type
9.1.4 North America PVC Flooring Market Forecasts and Analysis - By Application
9.1.5 North America PVC Flooring Market Forecasts and Analysis - By Countries
9.1.5.1 United States PVC Flooring Market
9.1.5.1.1 United States PVC Flooring Market by Type
9.1.5.1.2 United States PVC Flooring Market by Application
9.1.5.2 Canada PVC Flooring Market
9.1.5.2.1 Canada PVC Flooring Market by Type
9.1.5.2.2 Canada PVC Flooring Market by Application
9.1.5.3 Mexico PVC Flooring Market
9.1.5.3.1 Mexico PVC Flooring Market by Type
9.1.5.3.2 Mexico PVC Flooring Market by Application
9.2. EUROPE
9.2.1 Europe PVC Flooring Market Overview
9.2.2 Europe PVC Flooring Market Forecasts and Analysis
9.2.3 Europe PVC Flooring Market Forecasts and Analysis - By Type
9.2.4 Europe PVC Flooring Market Forecasts and Analysis - By Application
9.2.5 Europe PVC Flooring Market Forecasts and Analysis - By Countries
9.2.5.1 Germany PVC Flooring Market
9.2.5.1.1 Germany PVC Flooring Market by Type
9.2.5.1.2 Germany PVC Flooring Market by Application
9.2.5.2 France PVC Flooring Market
9.2.5.2.1 France PVC Flooring Market by Type
9.2.5.2.2 France PVC Flooring Market by Application
9.2.5.3 Italy PVC Flooring Market
9.2.5.3.1 Italy PVC Flooring Market by Type
9.2.5.3.2 Italy PVC Flooring Market by Application
9.2.5.4 United Kingdom PVC Flooring Market
9.2.5.4.1 United Kingdom PVC Flooring Market by Type
9.2.5.4.2 United Kingdom PVC Flooring Market by Application
9.2.5.5 Russia PVC Flooring Market
9.2.5.5.1 Russia PVC Flooring Market by Type
9.2.5.5.2 Russia PVC Flooring Market by Application
9.2.5.6 Rest of Europe PVC Flooring Market
9.2.5.6.1 Rest of Europe PVC Flooring Market by Type
9.2.5.6.2 Rest of Europe PVC Flooring Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific PVC Flooring Market Overview
9.3.2 Asia-Pacific PVC Flooring Market Forecasts and Analysis
9.3.3 Asia-Pacific PVC Flooring Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific PVC Flooring Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific PVC Flooring Market Forecasts and Analysis - By Countries
9.3.5.1 Australia PVC Flooring Market
9.3.5.1.1 Australia PVC Flooring Market by Type
9.3.5.1.2 Australia PVC Flooring Market by Application
9.3.5.2 China PVC Flooring Market
9.3.5.2.1 China PVC Flooring Market by Type
9.3.5.2.2 China PVC Flooring Market by Application
9.3.5.3 India PVC Flooring Market
9.3.5.3.1 India PVC Flooring Market by Type
9.3.5.3.2 India PVC Flooring Market by Application
9.3.5.4 Japan PVC Flooring Market
9.3.5.4.1 Japan PVC Flooring Market by Type
9.3.5.4.2 Japan PVC Flooring Market by Application
9.3.5.5 South Korea PVC Flooring Market
9.3.5.5.1 South Korea PVC Flooring Market by Type
9.3.5.5.2 South Korea PVC Flooring Market by Application
9.3.5.6 Rest of Asia-Pacific PVC Flooring Market
9.3.5.6.1 Rest of Asia-Pacific PVC Flooring Market by Type
9.3.5.6.2 Rest of Asia-Pacific PVC Flooring Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa PVC Flooring Market Overview
9.4.2 Middle East and Africa PVC Flooring Market Forecasts and Analysis
9.4.3 Middle East and Africa PVC Flooring Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa PVC Flooring Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa PVC Flooring Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa PVC Flooring Market
9.4.5.1.1 South Africa PVC Flooring Market by Type
9.4.5.1.2 South Africa PVC Flooring Market by Application
9.4.5.2 Saudi Arabia PVC Flooring Market
9.4.5.2.1 Saudi Arabia PVC Flooring Market by Type
9.4.5.2.2 Saudi Arabia PVC Flooring Market by Application
9.4.5.3 U.A.E PVC Flooring Market
9.4.5.3.1 U.A.E PVC Flooring Market by Type
9.4.5.3.2 U.A.E PVC Flooring Market by Application
9.4.5.4 Rest of Middle East and Africa PVC Flooring Market
9.4.5.4.1 Rest of Middle East and Africa PVC Flooring Market by Type
9.4.5.4.2 Rest of Middle East and Africa PVC Flooring Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America PVC Flooring Market Overview
9.5.2 South and Central America PVC Flooring Market Forecasts and Analysis
9.5.3 South and Central America PVC Flooring Market Forecasts and Analysis - By Type
9.5.4 South and Central America PVC Flooring Market Forecasts and Analysis - By Application
9.5.5 South and Central America PVC Flooring Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil PVC Flooring Market
9.5.5.1.1 Brazil PVC Flooring Market by Type
9.5.5.1.2 Brazil PVC Flooring Market by Application
9.5.5.2 Argentina PVC Flooring Market
9.5.5.2.1 Argentina PVC Flooring Market by Type
9.5.5.2.2 Argentina PVC Flooring Market by Application
9.5.5.3 Rest of South and Central America PVC Flooring Market
9.5.5.3.1 Rest of South and Central America PVC Flooring Market by Type
9.5.5.3.2 Rest of South and Central America PVC Flooring Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PVC FLOORING MARKET, KEY COMPANY PROFILES
11.1. KANEKA CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FORMOSA PLASTICS CORP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. INEOS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KEM ONE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LG CHEMICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MEXICHEM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHANGHAI CHLOR-ALKALI CHEMICAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHAW INDUSTRIES, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOLVAY SA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THAI PLASTIC AND CHEMICALS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Kaneka Corporation
2. Formosa Plastics Corp
3. INEOS
4. KEM ONE
5. LG Chemical
6. Mexichem
7. Shanghai Chlor-Alkali Chemical
8. Shaw Industries, Inc.
9. Solvay SA
10. Thai Plastic and Chemicals
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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