Fiberglass Flooring Market Share, Size, Trends and Growth 2022 to 2030

Market Overview

The report says that the fiberglass flooring market will grow by around USD 874.8 billion during the forecast period. The market is supposed to increase by 874.8%. Developed countries with a high number of people who follows a high standard of living are keen to use fiberglass flooring. 

Thus, this market is growing over time, especially in urban areas and developed countries. The demand for the product is high because it has waterproof flooring, pleasing design and texture. Not only in commercial spaces, but we can also observe the usage of fiberglass flooring in residential.

The fiberglass flooring market is growing because of its fabulous characteristics like transparency, non-conductive nature, non-magnetic and giving a perfect look to the space. The usage of fiberglass flooring is more significant in industrial or official buildings. Due to increase number of Start-ups in country, the real estate industry is booming so there is high demand for Fiberglass flooring as well.

Like any other industry, the fiberglass flooring market also experiences setbacks during the pandemic. But the growing demand for this product in various sectors like hospitals, commercial spaces, educational institutes, and residences has checked its performance in the market. This lightweight and environment-friendly floor covering is fabulous. The country’s increasing or developing economic standards are driving the usage of fiberglass flooring. 

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Market Segments

The global fiberglass flooring market is divided into three categories: application, type and distribution channel.

In the application segment, we can notice the usage of fiberglass flooring in commercial, industrial, and residential spheres. That is how the global fiberglass flooring market is growing tremendously and is about to achieve its goal by the end of the forecast years.

It has three categories of luxury vinyl tiles, and the other two vinyl composite tiles and vinyl sheets of fiberglass flooring – are used globally.

With the help of distribution channel segments like retailers, wholesalers and distributors’ business trends, the global fiberglass flooring market is reaching consumers.

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Regional analysis

The Asia-Pacific is leading the fiberglass flooring market because of its rapid financial growth. These regions have witnessed positive growth across different parts, especially Indonesia, Vietnam, Singapore and China. These regions try their best to level up the economy with the help of tourist attention; thus, the focus is more on commercial and public infrastructure to attract tourists. The hunger for pleasing the tourist has also increased the fiberglass flooring industry in these regions.

North America holds 22.5% of the fiberglass flooring market and has assured healthy growth of the industry in this region. It is noticeable how the automotive manufacturing and industrial spaces are increasing the demand for fiberglass flooring.

Key Market Players:

Mohawk Industries (U.S.)   , NOX Corporation (South Korea) , Gerflor Group (France), Armstrong Flooring, Inc.(U.S.), Mannington Mills, Inc. (U.S.), Shaw Industries Group, Inc.(U.S.), Tarkett(France), TOLI Floor Corporation (Japan ), Interface (U.S.) , Milliken & Company (U.S.) and Polyflor ltd (U.K)

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Industry News

IVC group is one of the leading market players in the fiberglass flooring industry, and it has introduced an amazing plan to invest around USD 100 million in Delton plants. This initiative is taken to increase the fiberglass flooring market.

Mohawk Industries has collaborated with Godfrey Hirst group in Australia to add value in the production, marketing and distribution of fiberglass flooring globally.

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