Vinyl Flooring Market: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Growth Forecasts to 2031
The global vinyl flooring marke t is growing at a rapid pace. The market growth attributes to the augmented demand from the residential floorings segment and increasing purchasing power led by the improving economy worldwide. Vinyl is a proven long-lasting and practical solution, attracting more consumers and hence perceiving a wide uptake. Also, easy-to-fix and maintenance-free vinyl flooring finds diversified uptake across the non-residential segment. Additionally, benefitting vinyl flooring properties, such as waterproofing, microbial protection, and decorative finishing, push the growth of the market. Rising urbanization and increasing commercial facilities in developing economies, such as India and China, generate growth opportunities for market players. However, vinyl is not all that safe to the environment as its manufacturing process uses non-renewable natural resources like petroleum or natural gas. Besides, some toxic chemicals used in the process cause a toxic gassing pos