Flooring Market
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<strong>Flooring</strong> <strong>Market</strong><br />
construction industry in various Asian nations, thanks to the high economic growth, the Asia<br />
Pacific flooring market is anticipated to continue on the top over the next few years.<br />
In Asia Pacific, China has surfaced as the key consumer of flooring products and is expected to<br />
remain so over the forthcoming years. Japan, South Korea, and Australia are other important<br />
consumers of flooring products in this region. India also demonstrates a significant potential for<br />
the growth in its flooring market as a considerable portion of flooring is currently constructed<br />
from non-standard materials here.<br />
Europe is another prominent regional market for flooring components. Although the flooring<br />
market in Europe is comparatively mature, innovation and new technological developments in<br />
flooring products, such as tiles, woods, and carpets and rugs, are expected to boost this market<br />
considerably in the years to come.<br />
Demand for Tiles to Remain Strong<br />
Carpets and rugs, wood, resilient, tiles, laminate, and stone are the key products available in the<br />
global flooring market. Tiles, among these, have been witnessing a greater demand than other<br />
products. With the rise in building and construction activities and increasing interest of people in<br />
interior decoration, this trend is likely to remain so over the forthcoming years. Carpets and rugs<br />
are also expected to register a healthy rise in their demand in the near future due to their<br />
extensive usage in households.<br />
The demand for resilient flooring is likely to expand at a higher pace than other products, with<br />
luxury vinyl tile (LVT) and wood-polymer composites (WPC) exhibiting double digit growth rates.<br />
Stone flooring, such as marble and granite flooring, will witness a moderate demand due to their<br />
high costs and complex installation.<br />
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