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By 2026, Asia Pacific Flooring Market Share to Expand at Over 8% CAGR

Author : Ronak Bora | Published Date : 2021-01-07 

The research document drafted on Asia Pacific Flooring Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors. Asia Pacific flooring market, as per the given report, recorded a valuation of USD 144.13 billion in 2019, and is likely to exhibit a growth rate of 8%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

 

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It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the Asia Pacific flooring industry is characterized by. The Asia Pacific flooring market has aptly been divided on basis of product, application, regional, and competitive landscape.

In Asia Pacific, non-resilient flooring holds a sizeable share in the overall industry, accounting for more than 40% share in the total product share. Growing industrialization has led to an increased demand for non-resilient materials in the construction industry. Ceramic sub-segment held a major share in the non-resilient flooring segment as ceramic tiles are produced from unprocessed materials that are freely accessible. Natural stones held the second-largest share; however, they are obtained through digging and are relatively costly. Technological growth in the processing and mining of factory-made natural stones will lead to decreased prices in the coming years. Non-resilient flooring is comprehensive of firm exteriors and is used as floor coverings in a wide variety of applications. The growing market demand can also be accredited to growing non-resilient flooring applications in the commercial sector.

According to the analysis, the APAC flooring market is diversified into regions and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

The Asia Pacific flooring market is predominantly driven by large markets including China, India, and Japan. China is the largest market in the Asia Pacific flooring industry and is anticipated to hold this position by 2026. The country boasts the presence of many manufacturing facilities and major construction & real-estate companies. The supportive economic effort to promote affordable housing construction coupled with fast-growing economic conditions has conjugately driven the market toward a growth trajectory. The rising middle-class population is also expected to drive market growth.

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The flooring market in Asia Pacific is highly concentrated and claims presence of vivid companies including AFI Licensing LLC, Kajaria Ceramics Limited, Toli Corporation, Karndean Design Flooring, Atlas Concorde, Milliken & Company, Shaw Industries Group, Inc., RAK Ceramics, and EGGER Group. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

 

[TOC Chapters]

 

Chapter 4 Asia Pacific Flooring Market Share, By Product

 

4.1 Asia Pacific flooring market share by product, 2019 & 2026

4.2 Soft coverings

4.2.1 Market size, 2016 - 2026

4.2.2 Market size, by country, 2016 - 2026

4.3 Resilient flooring

4.3.1 Market size, 2016 - 2026

4.3.2 Market size, by country, 2016 - 2026

4.3.3 Luxury Vinyl Tile (LVT)

4.3.3.1 Market size, 2016 - 2026

4.3.3.2 Market size, by country, 2016 - 2026

4.3.4 Vinyl Composite Tile (VCT)

4.3.4.1 Market size, 2016 - 2026

4.3.4.2 Market size, by country, 2016 - 2026

4.3.5 Vinyl sheet

4.3.5.1 Market size, 2016 - 2026

4.3.5.2 Market size, by country, 2016 - 2026

4.3.6 Fiberglass

4.3.6.1 Market size, 2016 - 2026

4.3.6.2 Market size, by country, 2016 - 2026

4.3.7 Linoleum

4.3.7.1 Market size, 2016 - 2026

4.3.7.2 Market size, by country, 2016 - 2026

4.3.8 Other resilient flooring

4.3.8.1 Market size, 2016 - 2026

4.3.8.2 Market size, by country, 2016 - 2026

4.4 Non-resilient flooring

4.4.1 Market size, 2016 - 2026

4.4.2 Market size, by country, 2016 - 2026

4.4.3 Ceramic flooring

4.4.3.1 Market size, 2016 - 2026

4.4.3.2 Market size, by country, 2016 - 2026

4.4.4 Stone flooring

4.4.4.1 Market size, 2016 - 2026

4.4.4.2 Market size, by country, 2016 - 2026

4.4.5 Other non-resilient flooring

4.4.5.1 Market size, 2016 - 2026

4.4.5.2 Market size, by country, 2016 - 2026

4.5 Seamless flooring

4.5.1 Market size, 2016 - 2026

4.5.2 Market size, by country, 2016 - 2026

Chapter 5 Asia Pacific Flooring Market Size, By Application

 

5.1 Asia Pacific flooring market share by application, 2019 & 2026

5.2 Residential

5.2.1 Market size, 2016 - 2026

5.2.2 Market size, by country, 2016 - 2026

5.3 Commercial

5.3.1 Market size, 2016 - 2026

5.3.2 Market size, by country, 2016 - 2026

5.4 Industrial

5.4.1 Market size, 2016 - 2026

5.4.2 Market size, by country, 2016 - 2026

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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