PVC floor is a novel resilient flooring material used to produce doors, floors, pipe fittings, and windows. Increasing demand for the floor in residential and commercial buildings is expected to enhance the adoption of the product. The rising focus on infrastructural development is expected to enhance the demand for the material. Furthermore, improving living standards and increasing demand for effective materials are expected to foster the industry’s progress. Moreover, companies focusing actively on developing effective materials are expected to enhance the adoption of PVC coatings. In addition, lifestyle improvement and increasing disposable incomes are likely to fuel the adoption of better construction materials. These factors may result in the industry’s progress.
Business Research Insights estimates that the global PVC floor market size was valued at USD 1,062 million in 2020 and is expected to touch USD 1,922.9 million by 2026, exhibiting a CAGR of 10.4% during 2022-2026.
Post COVID-19 Outlook: Increasing Construction and Commercial Projects Act as a Major Driver
The industry's situation is constantly evolving after the resumption of activities post the pandemic. Evolving consumer preferences and rising disposable incomes are expected to elevate the demand for the material. Furthermore, increasing commercial and residential projects are expected to elevate the demand for the flooring solution. Moreover, increasing investments in research & development by players lead to the adoption of industrial automation. The adoption of automated production techniques allowed players to recover their losses and enhance their production capacity. These factors empowered the industry’s progress.
Business Research Insights highlights the top 10 companies operating in the market:
1. Armstrong Flooring (U.S.)
Armstrong Flooring is an American company that was founded in 2016. The company focuses on producing innovative floorings, durability, performance, and designs for several commercial purposes. It offers excellent flooring solutions that reinforce floorings.
2. Bonie (India)
Bonie is an Indian company that was founded in 1984. The company produces several high-quality Chinese flooring solutions that reinforce building structure and are weatherproof, thereby offering excellent finishing and efficiency.
3. LX Hausys (South Korea)
LX Hausys is a South Korean company that was founded in 2009. The company offers excellent human-friendly & eco-friendly living spaces and flooring solutions. The company offers efficient flooring solutions that enhance construction projects.
4. Gerflor (France)
Gerflor is a French company that was founded in 1937. The company is a provider of several top-of-the-line commercial and residential flooring solutions that enhance the overall strength and quality of construction projects.
5. Forbo (Switzerland)
Forbo is a Switzerland-based company that was founded in 1928. The company manufactures construction & building adhesives and flooring solutions. The company’s PVC floors are made from high-quality materials that enhance construction quality.
6. Mohawk (U.S.)
Mohawk is an American company that was founded in 1978. The company provides several high-quality PVC floors that enhance building quality. They are made from high-quality materials that enhance strength and protect houses from environmental damage.
7. Mannington (U.S.)
Mannington is an American company that was founded in 1915. The company is a manufacturer of PVC floors and commercial rubber and carpets. It offers high-quality PVC materials that enhance strength and provide durability.
8. Tarkett (France)
Tarkett is a French company that was founded in 1886. Tarkett specializes in the production of innovative floor and wall coatings. It offers reliable and efficient coatings that enhance the overall quality of buildings.
9. Polyflor (U.K.)
Polyflor is headquartered in the U.K. and was founded in 1915. The company provides a huge variety of PVC floors, such as homogenous, acoustic, heterogeneous, safety, vinyl, sports, and other flooring solutions, that enhance the quality of construction.
10. Hanwha (South Korea)
Hanwha is headquartered in South Korea and was founded in 1952. Hanwha manufactures innovative solutions to develop innovative and high-quality flooring solutions.
As Countries Focus on Infrastructural Development, the Industry will Face Strong Growth
The industry is expected to face strong growth in the coming years due to rising focus on infrastructure development. The increasing demand for the product for innovative and durable construction projects is expected to enhance the adoption of PVC floors. Furthermore, increasing government investment in infrastructure development is expected to foster the industry’s growth.