Flooring Market will Reach Around US$ 450 Billion by 2026; Renovation and Remodeling of Existing Premises to Strengthen Flooring Market - TMR - Seite 2

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The growing construction of retail centers such as departmental stores and malls may also help in the expansion of flooring market. The housing construction and sales in the U.S. market is showing a signs of increase in the future which may further boost the flooring market in coming years.

The VOC (volatile organic compounds) used in raw materials of flooring is expected to restrain the global flooring market during the forecast period. However, swift industrialization across the globe is expected to lead the flooring market to expand.

Asia Pacific Dominates Global Flooring Market

Asia Pacific is foreseen as an impressive and dominant region in the global flooring market during the forecast period. The growth is mainly due to swift industrialization and urbanization and rising number of building construction in residential, commercial and industrial sectors. Huge population is moving towards cities and this creates demand for residential buildings. Moreover, with rising population there's a need for better infrastructure and educational systems, thus, mass construction of roads, school, and colleges are expected to pave the way for flooring market.

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The North America and Europe is also expected to witness a healthy growth for carpets and rugs due to the climatic conditions of this region.

The prominent players in the global flooring market include Shaw Industries (US), Gerflor (France), Beaulieu International (Belgium), Forbo (Switzerland), TOLI Corporation (Japan), Mohawk Industries (US), and Tarkett (France).

This review is based on the findings of a TMR report titled, "Flooring Market (Product - Resilient, Non-resilient, Soft Cover; Material - Carpets and Rugs, Wood (Soft Wood and Engineered Wood), Laminate, Vinyl Sheet and Tile (Homogeneous, Heterogeneous, Luxury Vinyl Tile), Ceramic Tile, Stone; Application - Residential, Non-residential)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026."