According to a recent study titled ‘Global Vinyl Flooring Market Analysis, 2020’, available with Market Study Report, global vinyl flooring market is expected to exhibit a healthy growth rate during 2020-2025, subsequently accumulating over USD 33 billion by the end of the forecast period.
 

Global vinyl flooring industry is largely driven by rise in residential construction activities in regions such as MEA and APAC, along with surging consumer demand for improved home aesthetics, better design patterns, textures. Further, utilizing of digital printing technology for designing and understanding customer needs is positively swaying the market dynamics, cites the study.  
 

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Based on type, global vinyl flooring market is divided into vinyl tiles, vinyl sheets, and luxury vinyl tiles. Vinyl tiles segment is recording strong growth in recent times due to strong product demand in new constructions as well as in refurbishment and re-modeling projects.
 

Considering the application scope, the industry is fragmented into industrial, commercial, and residential. Owing to low-cost, the demand of vinyl flooring over wooden and other luxury tile flooring is escalating from both residential and commercial end-users. Notably, commercial segment is anticipated to overtake residential segment due to large number of installations in spaces like restaurants, hotels, and corporate firms.
 

In terms of price category, premium segment is pulling the overall vinyl flooring market share from economy and budget segments, attributable to rising income levels and growing interest in better interior design.
 

Elaborating on the industry value chain, companies functioning in global vinyl flooring industry sphere have well-established distributors and dealer networks, however, majority of sales is generated through contracts or direct sales to real-estate builders or developers. This trend is likely to gain considerable traction in coming years as well.
 

Metalco, ceEntek Pte Ltd., UltraTech Cement Ltd., MC-Bauchemie, U.S. Concrete, Inc., Sika Group, ACC Flooring Ltd., CEMEX S.A.B. de C.V., and LafargeHolcim Ltd. are some of the renowned players in global vinyl flooring market.