Flooring Market Size, Share And Major Industry Players Forecast (2020-2028) The global flooring market size was $342.88 billion in 2020. The market is projected to grow from $359.20 billion in 2021 to $517.74 billion by 2028 at a CAGR of 5.4% during the 2021-2028 period. This information is presented by Fortune Business Insights™, in its report, titled, “Flooring Market, 2021-2028.” According to our expert analysts, surging novel construction projects is likely to offer growth prospects for the market growth. Furthermore, the products utilized for flooring application, offer characteristics such as protection against scratches, indents, dampness, as well as can be effortlessly cleaned, which further contribute to the bulging demand. COVID-19 Impact Terminated Construction Ventures during Pandemic to Obstruct Market The pandemic has adversely influenced the construction industry across the globe. The limitations in transportation of resources led to the scarcity of raw materials. Additionally, the lockdown norms and guidelines restrained the suppliers and manufacturers to process their construction accomplishments. This resulted in the interruptions in the novel and prevailing construction developments. Drivers and Restraints Surging Demand for Vinyl Flooring in Construction Projects to Fuel Market Growth Vinyl is used as a versatile component in tiling applications, where, luxury vinyl tile is used majorly. It is resilient to mold, dampness, and fungus, which makes it an appropriate flooring option for utilization where wetness and infrequent spills are the prime concerns. It can be effortlessly installed, is robust, and obtainable at a cheaper cost, which furthermore adds to its increasing admiration in the variety of residential as well as non-residential buildings. This is expected to bolster the flooring market growth during the forecast period. Segmentation On the basis of type, the flooring market is categorized into non-resilient, resilient, and carpets & rugs. Based on end-use, the market is segregated into residential and non-residential. The residential segment is the dominating contributor for the growth of this market. The growth in residential segment is accredited to the growing population and disposable income of the consumers. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/flooring-market-102740

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