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Global Fiberglass Flooring Market Driven by its High Demand due to Consumer PreferenceAccording to the analysis by Market Research Future (MRFR), the global fiberglass flooring market is slated to register a significant market valuation at a substantial CAGR over the review period.
The leading market player identified by MRFR in the market of global fiberglass flooring are NOX Corporation (South Korea), Mohawk Industries (U.S.) , Armstrong Flooring, Inc.(U.S.), Gerflor Group (France), Mannington Mills, Inc. (U.S.), Tarkett(France), Shaw Industries Group, Inc.(U.S.), TOLI Floor Corporation (Japan ), Milliken & Company (U.S.), Interface (U.S.), and Polyflor Ltd (U.K).
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Drivers and Restraints
The fiberglass flooring market is primarily driven by the increasing consumer demand for flooring and the growing purchasing power of people. Its cost-efficiency and environmental sustainability are likely to attract consumers, consequently increasing consumer demand. Fiberglass flooring, being adaptable is preferred even in non-residential purposes, owing primarily to its secure fixing and easy maintenance features. Fiberglass provides additional cushioning and enhances the feel of the floor. furthermore, this type of flooring is installed without glue and is resistant to upward twists. Properties such as ease of installation and exceptional aesthetic values are anticipated to drive the fiberglass flooring market towards growth over the review period.
Growing construction activities and economic advances such as the rising disposable income and augmented consumer preference for fiberglass flooring are some of the influential factors driving market growth. on the other hand, fluctuating raw material prices may act as a hindering factor for the fiberglass flooring market over the review period.
Target Audience
• Organizations
• Manufacturer
• Research Institute / Education Institute
• Potential Investors
Segmental Analysis
The fiberglass flooring market has been segmented on the basis of application, into commercial, industrial, and residential. The residential segment is expected to register the largest market share over the review period, owing to the increasing consumer preference, higher demand, and lucrative market scope across the globe. The consumer demand from the residential sector is the highest, owing to the superior features of fiberglass flooring, such as easy maintenance, aesthetic value, among others, which are also driving its adoption in the commercial sector. The industrial sector is also expected to record a notable growth rate over the forecast period.
Regional Analysis
On the basis of region, the global fiberglass flooring market is segmented into Europe, the Asia Pacific, North America, and the rest of the world (row).
The North American market for fiberglass flooring is the most lucrative regional market across the globe and is anticipated to record a substantial market valuation over the review period. This is attributed to the higher per capita disposable income of consumers, awareness regarding the product and features, changing consumer preferences, among others. The increasing infrastructural development in residential, and commercial sectors is also leading to the growth of the market in the region.
The North American region is followed by Europe in terms of market value. Europe is also one of the major regional markets for fiberglass flooring and is poised to register substantial growth over the review period. This is attributed to the stable economic growth, which contributes towards the disposable income of consumers. The growth of the European market is driven by consumer preference for fiberglass flooring. These factors are expected to contribute substantially towards the growth of the European fiberglass flooring market over the assessment period.
The Asia Pacific offers a lucrative market for fiberglass flooring, owing to the increasing disposable income of consumers, driven by the changing economic dynamics in developing countries such as India, China, South Korea, Japan, and others. The increasing affordability and consumer demand for aesthetic products are driving the growth of the Asia Pacific fiberglass flooring market over the forecast period.
Scope of Report
The report for Global Fiberglass Flooring Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advance Fiberglass flooring, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of Fiberglass flooring markets Market.
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the fiberglass flooring market
• To provide insights about factors affecting the market growth
• To analyze the fiberglass flooring market based on tools such as Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies North America, Europe, Asia, and Rest of the World (ROW) and their countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by application and sub-segments
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the fiberglass flooring market
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Browse Complete Report "Global Fiberglass Flooring Market Research Report- Forecast 2022" @ https://www.marketresearchfuture.com/reports/fiberglass-flooring-market-2936
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/fiberglass-flooring-market-2936
Release ID: 88919508
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