demand for urban housing will drive residential building construction spending
and related flooring and carpet sales. In value terms, demand will be boosted
by rising personal income levels that will allow consumers to choose quality
products will maintain dominance
non-resilient flooring products represented just over three-fifths of floor
covering demand in 2018, and these products are expected to grow through 2020.
Non-resilient flooring will benefit from rapid gains in demand in Asia and the
Africa/Mideast region, where non-resilient products account for the vast
majority of floor covering sales.
market to continue to outperform residential
buildings constitute the largest market for floor coverings, accounting for 56
percent of sales in 2018. Nonresidential buildings made up 40 percent of
demand, while transportation and other markets represented the remainder. The
fastest growth in demand is expected in nonresidential building applications
through 2020, primarily due to rebounds in non-residential construction
expenditures in many higher income countries.