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Vinyl Tile IndustryDescription
Vinyl tiles are a type of flooring material which is inexpensive and has a wide range of styles. It is a popular choice, especially because of the vast variety available and its durability. Vinyl is generally easy to install and maintain, which are also leading to higher adoption of the same; hence, fostering market growth through the forecast period. It is primarily made from polyvinyl chloride resins and plasticizers. Vinyl tiles are waterproof in nature, leading to a wider scope of application, and propulsion in market growth.
The global vinyl tiles market is anticipated to witness fast-paced ascension during the forecast period, as per the latest report. There are several factors attributable to the ascension of the market. development in the infrastructure of several sectors such as education, healthcare, and residential projects is another factor setting the market on an impressive growth trajectory. Advancements in industrial automotive and growth noted in residential construction are contributing to the fast-paced ascension of the global vinyl tiles market.
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Key Players
Some of the prominent players which have an influential impact on market functioning include Tarkett, Gerflor, Armstrong, Mannington Mills, NOX Corporation, Shaw, Hanwha, LG Hausys, Mohawk, Polyflor, Congoleum, Forbo, TOLI, Beaulieu, Tajima, Metroflor, Interface, RiL, Karndean, Roppe, Milliken, Kraus, Parterre, Kingdomfloor, Snmo LVT, Hailide New Material, and Taide Plastic Flooring.
Market Segmentation
The global vinyl tiles market is segmented on the basis of type, application, and region. Based on type, the global vinyl tiles market is segmented into luxury vinyl tile (LCT) and vinyl composite tile (VCT). The vinyl composite tile segment held the chief share of the global vinyl tile market, upscaling at a fast pace and retaining its market dominance.
Based on application, the global vinyl tiles market is segmented into commercial use and residential use. The commercial use segment held the largest share of the global vinyl tile market at the beginning of the forecast period. The segment is also expected to retain its lead in the market owing to the rising construction and infrastructural development expenditure in several end-user industries.
Detailed Regional Analysis
The global vinyl tile market is studied geographically for the regional segments of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. North America is anticipated to hold a principal share of the global vinyl tiles market over the forecast period, retaining its dominant position since the beginning of the forecast period. North America is one of the major manufacturers of vinyl tile, contributing in the upscaling of the global market. This region is also anticipated to be the largest consumer of vinyl tiles through the assessment period.
Other prominent regions in the market manufacturing majority of the vinyl tiles include Europe, China, Japan, and South Korea. However, the manufacturing technology in China is backdated and needs technology advancements which has created many expansion and innovation opportunities for market players. With lower labor cost and cheap raw materials, along with strong demand from the regional market, China’s vinyl tile market is expected to flourish.
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Table of Contents
Vinyl Tile Market Overview
Global Vinyl Tile Market Competition by Player
Global Vinyl Tile Production (MT), Revenue (Million USD) by Regions (2012-2018)
Global Vinyl Tile Production, Revenue, Price Trend by Types
Global Vinyl Tile Market Analysis by Applications
Global Vinyl Tile Player Profiles/Analysis
Vinyl Tile Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Vinyl Tile Market Forecast (2018-2025)
Research Findings and Conclusion
Methodology and Data Source
Continued...
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