The global Non-resilient Flooring market is forecasted to reach USD 330.47 Billion by 2027, according to a new report by Reports and Data. A non-resilient floor is durable, and non-elastic, water-resistant. Similar to durable flooring, a non-resilient floor is costly but is much cheaper and easier to maintain. There is also a range of textures, colors, and patterns that remain a widely requested market choice for residential and commercial buildings. Most facilities are using non-resilient flooring, as its efficiency, beauty, and value remain constant. Costs of raw materials have affected the industry significantly.
Owing to the various developments in digital printing technology, the constant production of creative and flexible flooring products is driving the growth of the global non-resilient flooring industry. Growth in the construction sector and growing urbanization are also some of the factors driving the growth of worldwide demand. However, fluctuations in prices of raw materials with reduced margins can increase the prices of ceramic products, and this can impede the growth of the industry.
Continuous production for the manufacture of flexible and innovative flooring products is expected to have a positive impact on the overall growth of the industry due to the developments in digital printing technologies. Variation of the product in terms of design and sizes provided by the manufacturers is expected to have a positive market effect.
Improving nations across the globe have concentrated on growing investment in the construction industry as well as improving infrastructure, thereby increasing the potential for the flooring market. The dramatic market growth in the Asia-Pacific region is affected by rapid urbanization and industrialization.
The COVID-19 impact: The outbreak raised concern on the value of anti-bacterial safe flooring. The market has experienced a downturn over the weeks, which may continue over the next few months. This pandemic has affected the Asia Pacific region the most, with China at the center of the outbreak. Most initiatives have come to a temporary halt in multiple countries. The production, as well as supply, has been put on hold, causing losses to the manufacturers, dealers as well as consumers. The market might be facing a downside for the period. Still, with rising urbanization and industrialization, the demand would be hitting the roof as soon as there is a development in the condition.
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Key participants include Ceramic Saloni, China Ceramics, Crossville Inc., Dal Tiles, Kajaria Ceramics, Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Inc., Porcelanosa Group, and RAK Ceramic among others.
Further key findings from the report suggest
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Market Overview:
Rapid developments in the manufacturing sector and equipment, robust growth in the building and construction sector, high adoption for eco-friendly materials in constructions and increasing demand for smart buildings and smart homes are boosting market growth. Steady increase in the disposable income across the globe, improvements in the standard of living, increasing number of redevelopment plans and high demand for aesthetic look and posh homes are further fueling market growth. In addition, increasing R&D investments, and government schemes to support manufacturing and construction industry are fueling growth of the global Non-Resilient Flooring market.
For the purpose of this report, Reports and Data have segmented into the global Non-resilient Flooring market on the basis of product, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
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