Global Polyvinyl Chloride (PVC) Floor Market Expected to Reach USD 20,250.9 million by 2027

Global Polyvinyl Chloride (PVC) Floor Market Key Takeaways

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Polyvinyl Chloride (PVC) Floor Market by Product Type, Compositions, End-uses, Sales Channels, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 13,752.0 million in 2019 and is expected to grow at a healthy growth rate of 5.4% by the year 2027. In terms of volume, the market is estimated to grow at 4.8% during the forecast period. The global polyvinyl chloride (PVC) floor market is anticipated to grow owing to increasing population and urbanization, rising construction activities in the developing countries, and growing infrastructural projects across the globe.

Request a free sample copy: https://growthmarketreports.com/request-sample/90

The global polyvinyl chloride (PVC) floor market has been fragmented based on product type, compositions, end-uses, sales channels, and region. Based on product type, the polyvinyl chloride (PVC) floor market is categorized into sheets, vinyl tiles (VT), and luxury vinyl tiles (LVT). Based on compositions, the market has been bifurcated into homogeneous and heterogeneous. Based on end-uses, the market has been divided into commercial and residential. Based on sales channels, the market has been segmented into manufacturer/distributor/service provider and aftermarket. Based on region, the global polyvinyl chloride (PVC) floor market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into GCC, South Africa, and Rest of Middle East & Africa (MEA).

In year 2020, the polyvinyl chloride (PVC) floor market is expected to witness the decline in the growth due to COVID 19 pandemic. Recent outbreak of Covid-19 has had a major impact on various industries across the globe. Polyvinyl chloride (PVC) floor is used prominently in hospitals, schools, offices, and hotel lobbies. The recent crisis of novel coronavirus disease across the world is showing major impact on various businesses. The partial and complete lockdowns across the globe has resulted in the shutdown of schools, colleges, offices, hotels, and restaurants. Thus, the demand for PVC floor is expected to decrease in the near future.

For More Information: https://growthmarketreports.com/enquiry-before-buying/90

As per GMR industry analyst Rajat Verma, “The Global Polyvinyl Chloride (PVC) Floor Market is anticipated to witness significant growth during forecast period 2020-2027 driven by the growing building and construction activities across Asia Pacific region. Moreover, increasing need for PVC floor in residential applications such as bathrooms and kitchen is expected to bolster the market growth during the forecast period. Furthermore, several advantages of PVC floors such as water resistance and sunlight resistance are expected to propel the market growth during the period from 2020 to 2027.

Key Takeaways from the Study:

  • Companies such as Armstrong Flooring and Hyundai L&C holds approximately one tenth of the market share of global polyvinyl chloride (PVC) floor market in year 2019.
  • Europe accounts for a major share of the market, followed by North America. The market in Asia Pacific is projected to expand at significant CAGR during the forecast period.
  • The commercial segment is anticipated to expand at highest CAGR during the forecast period. In commercial establishments, PVC is a durable flooring option. It is utilized in hospitals, schools, offices, and hotel lobbies. It is extensively adopted in many other settings due to material and design innovations. Moreover, PVC floors are sunlight and water-resistant and the technological advancements in printing techniques offer unlimited design options.
  • The aftermarket segment is projected to witness moderate growth during the period from 2020 to 2027. The aftermarket is a secondary market for goods and services that are associated with its primary market goods. In the PVC flooring market, aftermarket services involve warranting the flooring for imperfections in material and/or craftsmanship such as manufacturing defects, joint integrity, waterproofing, staining, and wear.

Buy Full Report at https://growthmarketreports.com/report/polyvinyl-chloride-pvc-floor-market-global-industry-analysis

Report Scope:

Report Metric

Details

Market Value in 2019

USD 13,752.0 million

Market Growth Rate (from 2021 to 2027)

5.4%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD million) & Volume (Million SqM)

Market Segments

By Product Type , By Composition, By End-Use, By Sales Channel

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, Australia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Russia, Rest of Europe, GCC, South Africa, and Rest of MEA.

Key Companies Profiled

Armstrong Flooring, Forbo Flooring Systems, Gerflor, Hyundai L&C, LG HAUSYS, Mannington Mills, Inc., Mohawk Industries, Inc., Polyflor Ltd, Shaw Industries Group, Tarkett

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Polyvinyl chloride (PVC) floor manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Healthcare & wet areas, residential buildings, offices, transport, schools, and hotels
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: British Plastics Federation, European Polyvinyl Film Manufacturers’ Association (EPFMA), European PVC Coated Fabrics Group (EPCOAT), Canadian Plastics Industry Association, Vinyl Environmental Council (VEC), The Society of the Plastics Industry, Inc., USA, Plastics & Chemicals Industries Association (PACIA), Australia

Request a free sample copy: https://growthmarketreports.com/request-sample/90

About Us:
Our reports are more than just research reports to us. They are tools that enable us to maintain long-term relationships with our clients whom we honor and cherish. Our client’s business growth is integral for not only them but also us. This is what differentiates us from other market research companies.

At GMR, we provide our expertise and guideline for success. Our team of efficient and experienced researchers and consultants provide progressive market intelligence reports that are accurate, authentic, and in-depth. This empowers the clients to make well-informed decisions.

Moreover, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries including chemicals and materials, energy, automobile, healthcare, consumer goods, and technology. Our deep understanding of many business environments across industries such as those mentioned above allows us to deliver tailor-made reports.

Tags: Polyvinyl Chloride (PVC) Floor Market, Polyvinyl Chloride (PVC) Floor Market analysis, Polyvinyl Chloride (PVC) Floor Market forecast, Polyvinyl Chloride (PVC) Floor Market players, Polyvinyl Chloride (PVC) Floor Market scope, Polyvinyl Chloride (PVC) Floor Market share, Polyvinyl Chloride (PVC) Floor Market size, Polyvinyl Chloride (PVC) Floor Market trends See Campaign: https://growthmarketreports.com/
Contact Information:
Alex Mathews Head of Business Development Phone No.: +1 909 545 6473 Email – sales@GrowthMarketReports.com Website – https://GrowthMarketReports.com Address – 500 East E Street, Ontario, CA 91764, United States.

Tags:
, Reportedtimes, iCN Internal Distribution, Research Newswire, English

Voice Digital Assistants

MORE STORIES