High Growth over the last decade
Resilient floorings’ demand has undergone high growth over the last decade owing to their ability to be created with any combination of wearlayer protectants that minimize scratching, scuffs, and stains due to daily wear and tear. Development of hassle-free installation techniques and innovative products as a result of significant technological advancements has widened resilient flooring’s scope across commercial, industrial, and residential applications. Increased awareness pertaining to the use of eco-friendly flooring materials including cork, glass, linoleum, Polyester (P.E.T) Berber, and rubber is expected to favourably impact the resilient flooring market growth.
Significant impact on resilient flooring
Resilient flooring, including luxury vinyl tiles (LVT), vinyl composite tiles (VCT), vinyl-backed sheet, fiberglass-backed sheet, linoleum, and rubber, these resilient materials provide a high degree of performance in high traffic areas.Increasing fossil fuel prices, which constitute the primary raw material for resilient floorings, is expected to considerably shrink manufacturers’ margins thereby having a significant impact on resilient flooring market growth. Resilient flooring manufacturers have taken recourse to enhancing production efficiency by developing new technologies in order to counter this issue.
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Further key findings from the study suggest:
Vinyl sheets goods are predominantly used in education and healthcare, with the latter using substantial quantity of homogeneous sheet in clinical settings. As sheets satiate the performance requirements in healthcare applications, the growth of the healthcare market has buoyed sheets’ demand. Luxury vinyl tiles (LVT) have made rapid penetration in all flooring application sectors, with their use in healthcare undergoing substantial growth outside sterile settings. LVTs have increasingly replaced Vinyl Composite Tiles (VCTs) in back office applications, break rooms, corridors and cafeterias.
Linoleum has gained prominence owing to its inherent biodegradable and anti-bacterial characteristics. Hospitals, day-care centres and retail store constitute the key demand sectors for linoleum flooring.
Resilient tiles are predominantly used in high-traffic and price conscious commercial floor applications. In residential applications, resilient flooring is primarily installed in kitchens and bathroom owing to its water-resistant capability. Educational institutes and retail comprise the foremost commercial application sectors, whereas the use of resilient flooring in healthcare applications is expected to witness substantial growth.
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