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Resilient Flooring Industry Overview | Future Outlook and Forecast | Forecast To 2024

by rahulkumar38471 · January 15, 2019


Global Resilient Flooring Market size is anticipated to reach USD 9.96 billion by 2024. Resilient flooring is a mixture of natural and synthetic materials that is employed in the replacement for traditional hardwood flooring. The factors that propel the growth of the resilient flooring market include rapid industrialization and urbanization, high demand for resilient flooring in the residential segment, changing consumer lifestyles and trends cheap air max 95 , and huge number of home improvement and renovation activities.


On the other hand, there are factors that may hamper the growth of the market including high cost of raw material. Resilient flooring industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.


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Resilient flooring market could be explored by product type, material cheap air max 97 , application, and geography. The market could be explored by product type as Vinyl Composite Tiles, Luxury Vinyl Tiles, Vinyl Sheets, Linoleum cheap air max 90 , and Fiberglass Sheets. The 鈥淰inyl composite tiles (VCT)鈥?segment led the resilient flooring industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes good durability, low price, and excellent resilience to abrasion and high impact resistance.