San Francisco, 26 December 2018: The Report Fiberglass Flooring Market Analysis By Application (Residential, Commercial,
Industrial), By Region (North America, Europe, APAC, LATAM, MEA), By Country
(U.S., Germany, France, China, Brazil) & Segment Forecasts, 2018 - 2025
The global fiberglass flooring market is expected to reach USD 987 million by 2025, according to a new report conducted by Grand View Research, Inc. The growing application in industrial, residential and commercial buildings owing to the longer lifespan of floors coupled with better aesthetics will drive growth over the upcoming years. Moreover, the rising demand for residential buildings in light of population growth, increasing income levels, and favorable government initiatives will aid in the industry development.
The usage of these products in the
industrial sector will witness substantial revenue rise at a CAGR of 6.8% from
2016 to 2025. Factors such as low maintenance and anti-allergen are expected to
spur the demand for these products over the upcoming years. Strong growth of
the construction industry in emerging countries such as China, India,
Singapore, Brazil, Thailand, Indonesia, Mexico, UAE, South Africa, Saudi
Arabia, Qatar, and South Korea will create growth opportunities for the market
in the future.
Access Research Report of Fiberglass Flooring Market @ www.grandviewresearch.com/industry-analysis/fiberglass-flooring-market
Further
key findings from the report suggest:
· The global fiberglass flooring market
demand was 107,793.2 thousand square meters in 2015 and is expected to grow
significantly owing to growing demand for residential buildings in countries
such as Germany, South Africa, Brazil, Mexico, and India
· The Middle East & Africa accounted for
16.5% of the global volume share in 2015 and is anticipated to witness growth
on account of rapid infrastructural development in the region over the upcoming
years. The presence of large construction companies such as Murray & Roberts,
Fluor, Trencon Construction, Esor, Arabtec Construction LLC, Al Habtoor Group
LLC, and Dutco Construction LLC will spur the demand for the product.
· The industrial construction sector is
expected to witness substantial gains on account of increasing facility
expansion by manufacturing companies. Moreover, the shifting of the major
automotive manufacturers including Volkswagen, Audi, Toyota, Nissan, Chevrolet,
BMW, and Fiat to China and India is expected to fuel the demand for fiberglass
floorings in the industrial construction sector over the forecast period.
· The industry is dominated by key
participants including IVC Group (Mohawk Industries), Mannington Mills, Inc.,
Shaw Floors, NOX Corporation, Milliken, Armstrong World Industries, Gerflor,
and Tarkett
· Companies are focusing on strategic
partnerships and alliances for strengthening their positions in the global
market. In January 2013, the IVC Group announced the acquisition of Trinterio,
which led to the introduction of two new subdivisions to the IVC Group,
Spanolux, and Balterio.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global fiberglass flooring market on the basis of application and region:
Application Outlook (Volume, Thousand
Square Meters; Revenue, USD Million; 2014 - 2025)
·
Residential
·
Commercial
·
Industrial
Regional Outlook (Volume, Thousand Square
Meters; Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Fiberglass Flooring Market@ www.grandviewresearch.com/press-release/global-fiberglass-flooring-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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