Resilient Flooring Market Share, Growth, Industry Forecast Report To 2020: Grand View Research, Inc.

The global resilient flooring market is expected to reach USD 77.04 billion by 2020, according to a new study by Grand View Research, Inc. Development of hassle-free installation techniques and innovative products as a result of significant technological advancements has widened resilient flooring’s scope across commercial, industrial, and residential applications. Increased awareness pertaining to the use of eco-friendly flooring materials including cork, glass, linoleum, Polyester (P.E.T) Berber, and rubber is expected to favorably impact the resilient flooring market growth.

Resilient flooring, including luxury vinyl tiles (LVT), vinyl composite tiles (VCT), vinyl-backed sheet, fiberglass-backed sheet, linoleum, and rubber provide a high degree of performance in high traffic areas. Resilient floorings’ demand has undergone high growth over the last decade owing to their ability to be created with any combination of wearlayer protectants that minimize scratching, scuffs, and stains due to daily wear and tear.

Increasing fossil fuel prices, which constitute the primary raw material for resilient floorings, is expected to considerably shrink manufacturers’ margins thereby having a significant impact on resilient flooring market growth. Resilient flooring manufacturers have taken recourse to enhancing production efficiency by developing new technologies in order to counter this issue.

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