Market Overview:
The global vinyl composition flooring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vinyl composition flooring in residential and commercial applications. In terms of type, the single layer segment is expected to dominate the market during the forecast period, while in terms of application, residential applications are expected to account for a larger share of the market than commercial applications. Regionally, North America is projected to lead the global vinyl composition flooring market duringthe forecast period followed by Europe and Asia Pacific.
Product Definition:
vinyl composition flooring is a type of flooring that is made from vinyl. It is important because it is durable and can last for a long time.
Single Layer:
Single layer flooring is also known as one-coat or single-coat system. It is a type of floor covering, which consists of a single thickness of vinyl with no underlayment and no overlays. Single layer floors are available in various colors, textures and shapes in addition to the availability of different sizes.
Multilayer:
Multilayer flooring is a type of composite flooring that consists of more than two layers. It has a layer of polyvinyl chloride (PVC) or other synthetic resins, followed by an underlayment made up of wood or fiber and then another layer made up of asphalt, ceramic tiles, stone etc. The number of layers in multilayer floors depends on the type and density levels.
Application Insights:
The commercial application segment dominated the global vinyl composition flooring market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to increasing construction activities of shopping malls and retail complexes, hotels, restaurants and bars on account of growing tourism industry. Furthermore, demand from public buildings such as schools and hospitals is expected to propel growth over the forecast period.
Vinyl floors are increasingly being used in residential applications owing to their ability to withstand heavy footfall traffic without showing signs of wear or tear as well as scratches caused by sharp objects like knives or keys walking across it. Moreover, they require less maintenance compared with other types including wood floors which makes them highly suitable for use in residential applications where space is a constraint but quality matters most.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to rising demand for high-end luxury residential and commercial flooring solutions. Moreover, increasing construction of new commercial spaces, such as shopping malls and corporate offices, is also anticipated to propel product demand in Europe.
Asia Pacific was estimated as the second largest regional segment by revenue in 2017 owing to growing construction activities primarily driven by rapid urbanization across emerging economies including China and India. In addition, rising disposable income levels are further expected to fuel product consumption especially in developing countries of Asia Pacific during the forecast period from 2018 to 2030 (see Figure 1).
The Middle East & Africa market is projected gain significant share over the coming years dueNorthto increasing infrastructural developments supportedbygrowing oil revenues particularly Saudi Arabia’s which has led an increasein housing projects across various cities including Jeddah.
Growth Factors:
- Increasing demand from the construction sector: The global construction industry is expected to grow at a CAGR of 4.5% during the forecast period, owing to the increasing urbanization and infrastructure development across the world. This is expected to drive the demand for vinyl composition flooring in the coming years.
- Rising popularity of eco-friendly flooring options: Vinyl composition flooring is an eco-friendly option as it does not contain any harmful chemicals or toxins that can harm humans or environment. This is likely to boost its popularity in the coming years.
- Growing awareness about health benefits of vinyl composition flooring: Vinyl composition flooring offers various health benefits such as improved air quality, noise reduction, and thermal insulation etc., which is likely to increase its demand in residential and commercial spaces over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Vinyl Composition Flooring Market Research Report
By Type
Single Layer, Multilayer
By Application
Residential, Commercial
By Companies
Armstrong Flooring, DuPont, Karndean, Forbo, Universal Building Products, Mohawk, Mannington Mills, Kraus Flooring, Gerflor, Milliken & Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vinyl Composition Flooring Market Report Segments:
The global Vinyl Composition Flooring market is segmented on the basis of:
Types
Single Layer, Multilayer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armstrong Flooring
- DuPont
- Karndean
- Forbo
- Universal Building Products
- Mohawk
- Mannington Mills
- Kraus Flooring
- Gerflor
- Milliken & Company
Highlights of The Vinyl Composition Flooring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Layer
- Multilayer
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vinyl Composition Flooring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major players in the vinyl composition flooring market are Armstrong Flooring, DuPont, Karndean, Forbo, Universal Building Products, Mohawk, Mannington Mills, Kraus Flooring, Gerflor, Milliken & Company.
The vinyl composition flooring market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vinyl Composition Flooring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vinyl Composition Flooring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vinyl Composition Flooring Market - Supply Chain
4.5. Global Vinyl Composition Flooring Market Forecast
4.5.1. Vinyl Composition Flooring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vinyl Composition Flooring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vinyl Composition Flooring Market Absolute $ Opportunity
5. Global Vinyl Composition Flooring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vinyl Composition Flooring Market Size and Volume Forecast by Type
5.3.1. Single Layer
5.3.2. Multilayer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vinyl Composition Flooring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vinyl Composition Flooring Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vinyl Composition Flooring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vinyl Composition Flooring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vinyl Composition Flooring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vinyl Composition Flooring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vinyl Composition Flooring Demand Share Forecast, 2019-2026
9. North America Vinyl Composition Flooring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vinyl Composition Flooring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vinyl Composition Flooring Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vinyl Composition Flooring Market Size and Volume Forecast by Type
9.7.1. Single Layer
9.7.2. Multilayer
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vinyl Composition Flooring Demand Share Forecast, 2019-2026
10. Latin America Vinyl Composition Flooring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vinyl Composition Flooring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vinyl Composition Flooring Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vinyl Composition Flooring Market Size and Volume Forecast by Type
10.7.1. Single Layer
10.7.2. Multilayer
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vinyl Composition Flooring Demand Share Forecast, 2019-2026
11. Europe Vinyl Composition Flooring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vinyl Composition Flooring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vinyl Composition Flooring Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vinyl Composition Flooring Market Size and Volume Forecast by Type
11.7.1. Single Layer
11.7.2. Multilayer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type 11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vinyl Composition Flooring Demand Share, 2019-2026
12. Asia Pacific Vinyl Composition Flooring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vinyl Composition Flooring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vinyl Composition Flooring Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vinyl Composition Flooring Market Size and Volume Forecast by Type
12.7.1. Single Layer
12.7.2. Multilayer
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vinyl Composition Flooring Demand Share, 2019-2026
13. Middle East & Africa Vinyl Composition Flooring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vinyl Composition Flooring Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vinyl Composition Flooring Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vinyl Composition Flooring Market Size and Volume Forecast by Type
13.7.1. Single Layer
13.7.2. Multilayer
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vinyl Composition Flooring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vinyl Composition Flooring Market: Market Share Analysis
14.2. Vinyl Composition Flooring Distributors and Customers
14.3. Vinyl Composition Flooring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Armstrong Flooring
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Karndean
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Forbo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Universal Building Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mohawk
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mannington Mills
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kraus Flooring
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gerflor
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Milliken & Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
