flooring market was valued over 6,5 bn sqm in 2018 accounted for 50% of the
global construction industry in 2018 Anticipated to be the fastest growing
region. Favorable regulations coupled with growing population will propel the
America flooring market will witness gains over 14%. Growing construction
spending on schools and hospitals is the key factor driving US construction
industry. Regulatory compliance on safety and protection of buildings will
support the industry demand. Besides, positive demographic trends have
increased demand for new school buildings.
(excluding Turkey) flooring market accounted for 12% of the overall industry
share in 2018. Rising number of green building constructions is projected to
increase lightweight & eco-friendly floor coverings demand. Strict
regulatory codes for sustainable housing will stimulate the construction
America flooring market 8%. Rising construction output accompanied by growth in
manufacturing facilities will support the flooring demand in the region.
Increased housing deficit particularly in Mexico along with inferior
construction performance is expected to encourage new building constructions.