Flooring Market size was worth over USD 270 billion in 2016 and will surpass
340 billion sq. feet by 2024.
outlook in residential, healthcare, sports, hospitability and transportation
applications will drive the flooring market growth. Increasing construction
spending particularly in industrial and commercial sector will propel the
industry growth. Global construction spending is expected to reach USD 15.88
trillion by 2024.
in construction industry particularly in APAC has enhanced the product
penetration. APAC is anticipated to account for 46% of the global construction
industry by 2020.
for floor protection particularly in industrial and commercial buildings will
support the industry growth. Improved comfort, water resistance, durability of
floors and ease of cleaning are the key factors driving the product demand.
Increasing demand for renovation & repair of deficient buildings will
positively influence product demand.