Cork Flooring Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2028
— Flavor and Fragrance Market 2019
New Study Reports "2013-2028 Report on Global Flavor and Fragrance Market by Player, Region, Type, Application and Sales Channel" Added on Wiseguy reports.
Market Overview :
Sustainable flooring is in huge demand all across the world. Cork flooring is a part of it, which is gaining considerable traction due to its increasing application in various commercial and residential projects. The Cork flooring technology includes removing the bark of the source, Cork Oak. The product is both renewable and sustainable resource. Properties like anti-microbial, better insulation, minimal heat loss, and comfortable walking experience are factors that can inspire market growth. It provides noise insulation and adheres to volatile organic compounds (VOC) emissions rules.
Factors like a hike in investment for such upgradation in commercial spaces, better individual intake for residential interiors, and stable features like sustainability, waterproofing, and long durability are expected to boost the cork flooring market.
The cork flooring market is witnessing inclusion of new entrants and the existing players are making the market more competitive. This is giving rise to various changes in the strategic moves like merger, acquisition, branding, and others. Major companies to reap the benefit of this new technology are AMORIN, USFloors, Granorte, Corksribas, Globus Cork, Jelinek Cork Group, MJO Cork, We Cork, Zandur, Capri cork, Home Legend, Expanko, and others.
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The market for cork flooring is anticipating better exploration based on in-depth analysis. The analysis provides a segmentation that relies on type, application, and sales channel. This segmentation has factor-based analysis backed by figures fetched from volume-wise and value-wise study of the market data.
By type, the cork flooring market can be segmented into natural cork flooring and colorful cork flooring. Both these segments are impacting the market notably to make sure that the market gets better traction in years to come.
By application, the cork flooring market includes commercial flooring and residential flooring. The commercial segment is witnessing inclusion of airports and other places for a better, durable flooring system.
By sales channel, the cork flooring market comprises direct channel and distribution channel. Growing demand for the product is providing thrust to both these segments.
North America and Europe are major traction-provider to the market. This is due to their infrastructural superiority and better investment capacity. Both per capita income and investment made by governments and private sectors are contributing remarkably to these regional markets growth. Increasing investment for research and development facilities, easy inclusion of the innovated products, better maintenance support, high participation from various market players, and others are chief concerns that can be included in case studies of these tow regions growth.
The APAC market is slowly building up space for itself. Various international airports are planning on incorporating this technology to impress visitors and provide unique look to the interior. Similarly, increasing per capita income is expected to make a move for the market in the residential sector.
Domotex and TAP Air Portugal have collaborated in using natural cork in manufacturing furniture, flooring, and wall cladding. They have used dark-brown cork composites for wall cladding to improve acoustics. Wicanders Hydrocork has been used for the floor to make it durable and waterproof. This is comfortable for walking and reduces impact sound by 53%.
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