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Global Decorative Flooring Market Analysis, 2020

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  • 192 Pages
  • April 2020
  • Region: Global
  • MarkNtel Advisors LLP
  • ID: 5447784

Surging Trend of Theme based Space to Boost the Market for Decorative Flooring

The “Global Decorative Flooring Market Analysis, 2020” market research report depicts a deep-dive market analysis of statistics of the Global Decorative Flooring market which consists of region-wise market size, market forecast, CAGR market segmentation, market share of various technologies, component types, floor material, application, etc.

According to this research report titled “Global Decorative Flooring Market Analysis, 2020”, the Decorative Flooring market across the globe is estimated to grow at the exponential CAGR during 2020-25. Some of the major factors contributing to the growth of the Global Decorative Flooring are rapid urbanization and a constantly surging construction industry. However, the COVID-19 pandemic adversely impacted the Global Decorative Flooring market as the construction activities have been suspended temporarily across the globe. Moreover, a rise in the disposable income of consumers is resulting in an increasing demand for decorative flooring due to the escalating numbers of re-modeling and renovation activities. It was found that in 2020, the spending on the home renovation and repairs is expected to see a decline to reach USD 298 billion, which was USD 328 billion in 2019 and USD 313 billion in 2018 respectively.

Furthermore, growth in organized retail and commercial offices across the globe is adding fuel to the pace of the advancement of the decorative flooring market. It was seen that, in India, the organized retail is expected to increase to 22-25% in 2021, as compared to 12% in 2017 and the trend for a growing organized retail sector across the globe is leading to further growth of the market of decorative flooring.

Asia-Pacific is Expected to Witness Substantial Growth

In 2019, North America and Asia-Pacific acquired the major market share. China was the leading country in the Asia-Pacific Decorative Flooring market. The demand for decorative flooring in the region is gradually surging on an account of increasing disposable income that results in the consumer’s inclination toward better living standards, including better housing infrastructure. Also, a surge in the number of hypermarkets, supermarkets, retail malls, and shopping complexes, coupled with the rise in the number of hotels, restaurants, and coffee chains are generating a growing demand for decorative floorings.

However, North America is expected to grow at a robust pace during the forecast period of 2020-25 owing to the increasing demand from industrial and commercial sectors. Also, rising investment for better quality house interiors in the region can contribute to the increasing market share of the North America region.

Commercial Sector is Estimated to Capture Major Market Share During 2020-25

The commercial sector is expected to dominate in the forthcoming years owing to the increasing spending on flooring in domains such as retail, healthcare, hotels, etc. due to better consumer comfort and more appealing interiors. Also, the popular culture of get-togethers and parties especially among millennials in countries such as the US, China, Australia, etc. are further augmenting the market of decorative flooring. Furthermore, the heavy footfalls in the commercial sectors are leading to emergence in the need for decorative flooring which is durable as well. Moreover, technological advancement such as ease of installation and benefits such as low maintenances, improved texture, and design is also some of the key contributing factors for the growth in the market share of the residential sector.

Furthermore, based on the floor material, the wood floor is majorly demanding owing to the benefits such as healthier indoor air, low maintenance, availability in a variety of types. The demand for wood floors is majorly emanating from residential users. However, non-residential users prefer the concrete or other type of floor material such as stone, granite, tiles due to the heavy footfall on the regular basis, as stated in the research report “Global Decorative Flooring Market Analysis, 2020”.

According to the author, the Global Decorative Flooring market is highly fragmented. The availability of numerous local and foreign players in countries makes the industry highly competitive. The key players with a considerable market share in the industry are Sika AG, Sherwin Williams Company, MAPEI, LATICRETE International Inc., BASF SE, Arkema S.A, Henkel AG & Company, KGaA, RPM International Inc, Akzo Nobel N.V, PPG Industries, Covestro AG, Kansai Paint Co., Ltd., The Jotun Group, Nippon Paint, Asian Paints, Teknos Group, and Tikkurila Oyi among others. The companies are doing strategic alliances, launching new products, expanding geographical territory to gain a competitive edge and increase market share in the industry.

Key Questions Answered in the Market Research Report

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Decorative Flooring Industry?
2. What are the region-wise industry size, growth drivers and challenges, and key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Decorative Flooring market?
4. Who are the key competitors or market players and how they perform in decorative flooring benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the Global Decorative Flooring market study?

Table of Contents

1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary3. Impact of Covid-19 on the Global Decorative Flooring Market4. Global Decorative Flooring Market Overview5. Expert Verbatim- What our Experts Say?
6. Global Decorative Flooring Market Outlook, 2015-2025F
6.1. Market Size & Analysis
6.1.1. Revenue (USD Billion)
6.1.2. Units Sold (Kilo Tons)
6.2. Market Share & Analysis
6.2.1. By Floor Material Wood Concrete Other Floor Material (Stone, Granite, Tiles)
6.2.2. By Technology Epoxy Polyurethane Cementitious Polyuria Polyaspartic Polymethyl Methacrylate (PMMA)
6.2.3. By Component Type Primer Base Coat Grout/ Seal Coat Top Coat
6.2.4. By End-User Application Residential (House & Apartments) Commercial (Hotel, Shopping Centres, Shops & Boutiques, and Others) Industrial (Schools, Hospitals, Libraries, Museum & Sports and Others)
6.2.5. By Region North America US Canada Mexico Europe Germany France Italy UK Rest of Europe Asia-Pacific China Japan South Korea India South East Asia Rest of Asia Rest of World Middle East South America Africa
6.2.6. Market Attractiveness Index By Floor Material By Technology By Component Type By End -User By Region
7. Global Decorative Flooring Market Dynamics
7.1. Drivers
7.2. Challenges
8. Global Decorative Flooring Market Trend & Developments9. Global Decorative Flooring Market Value Chain Analysis
10. Competition Matrix
10.1. Product Portfolio
10.2. Applications
10.3. Research and Development
10.4. Manufacturing Facilities
10.5. Strategic Alliances
10.6. Strategic Initiatives
11. Company Profiles
11.1. Sika AG
11.2. Sherwin Williams company
11.3. MAPEI
11.4. LATICRETE International Inc.
11.5. BASF SE
11.6. Arkema S.AA
11.7. Henkel AG & Company, KGaA
11.8. RPM International Inc
11.9. Akzo Nobel N.V
11.10. PPG industries
11.11. Covestro, AG
11.12. Kansai Paint Co., Ltd.
11.13. The Jotun Group
11.14. Nippon Paint
11.15. Asian Paints
11.16. Teknos Group
11.17. Tikkurila Oyi
12. Disclaimer

Companies Mentioned

  • Sika AG
  • Sherwin Williams Company
  • LATICRETE International Inc.
  • Arkema S.A
  • Henkel AG & Company
  • KGaA
  • RPM International Inc
  • Akzo Nobel N.V
  • PPG Industries
  • Covestro AG
  • Kansai Paint Co. Ltd.
  • The Jotun Group
  • Nippon Paint
  • Asian Paints
  • Teknos Group
  • Tikkurila Oyi