Wood flooring offers warmth and enhances the look of rooms along with increasing the value of a home. It comes in a diversity of styles and materials from solid hardwood to engineered hardwood to bamboo. Furthermore, laminate flooring is extremely popular because it is so affordable and it gives the same great look of hardwoods without the expensive costs. Some benefits of wood and laminate flooring include ease of cleaning, durability, and style variation. These floorings are much easier to keep clean than carpet and pet hair or dander is quick to remove.This growth is primarily driven by Increasing Residential & Non-Residential Construction and Benefits of Wood and Laminate Flooring.
Globally, a noticeable market trend is evident Rising Spending on Home Remodeling. Major Vendors, such as Armstrong World Industries (United States), Bruce (United States), Greenlam Industries (India), Flooring Innovations (United States), Accord Floors (India), Home Legend (United States), Boral Limited (Australia), CLASSEN Group (Germany), Mohawk Flooring (United States) and Westwood Flooring (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Aug 26, 2019 - Boral Limited has today announced that it has entered into an agreement with Gebr Knauf KG to form an expanded 50:50 plasterboard joint venture (JV) in Asia and for Boral to return to 100% ownership of USG Boral Australia & New Zealand (NZ).
- Increasing Residential & Non-Residential Construction
- Benefits of Wood and Laminate Flooring
- Rising Spending on Home Remodeling
- Unstable Prices of Raw Materials
Rise in Disposable Income in Emerging Economies
Rising Threat from Substitute Products
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