What is Vinyl Tile Market?
Vinyl tile is a finished flooring material used primarily in commercial and institutional applications. These types of tiles used as a covering for floors, especially in public areas. These tiles are typically waxed and buffed using special materials and equipment in commercial applications. They are frequently chosen for high-traffic areas because of its low cost, durability, and ease of maintenance. These tiles have high resilience to abrasion and impact damage and can be repeatedly refinished with chemical strippers and mechanical buffing equipment.
The market study is being classified by Type (Luxury Vinyl Tile (LVT), Vinyl Composite Tile (VCT) and Others), by Application (Commercial Use and Residential Use) and major geographies with country level break-up.
Armstrong World Industries (United States), Mannington Mills Inc. (United States), Tarkett S.A. (France), NOX Corporation (United States), Hanwha Group (South Korea), LG HAUSYS, LTD. (South Korea), Congoleum Corporation (United States), Mohawk Industries (United States), Gerflor (France) and Forbo Holding (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Metroflor (United States), Milliken & Company (United States) and Polyflor Ltd. (United Kingdom).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vinyl Tile market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Vinyl Tile market by Type, Application and Region.
On the basis of geography, the market of Vinyl Tile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Population & Rapid Urbanization
- Rise in the Number of Renovation & Remodeling Activities
- Growing Interest of Consumers Toward Interior Decoration
- Volatile Raw Material Prices
- Rise in Environmental Concerns
- Rising Demand From Emerging Economies
- Growing Investments in the Construction Industry
Key Target AudienceVinyl Tile Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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