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.
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
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
