Non-Resilient Flooring Market- Growth In Construction Sector And Rising Urbanization
Non-resilient flooring is made up of hard surfaced and inflexible flooring materials such as ceramic, brick, and porcelain tile, natural stone, laminate flooring, solid wood, slate and engineered wood. Non resilient surfaces are much easier and cheaper to maintain. Non resilient floorings come in a variety of textures, colors, and patterns; hence, its demand in residential homes and commercial buildings is high.
Constant development of innovative and versatile flooring products across residential, commercial, and industrial applications owing to the numerous advancements in digital printing technologies is driving the growth of the global non resilient flooring market. Growth in construction sector and rising urbanization are also some of the factors propelling the growth of the non-resilient flooring market globally. Cost of raw material also impacts the non-resilient flooring industry. Reduction in prices of natural and manufactured stones owing to technological advancements in mining fuels the growth of the global non resilient flooring market. Increased home improvement projects have led to the increased demand for non-resilient floors. Due to the escalation in prices of homes, people prefer to upgrade stone countertops and floors of their homes.
The global non resilient flooring market can be segmented in terms of product, application, and geography. On the basis of product, the global non resilient flooring market can be segmented into ceramic tiles and stones. Ceramic tiles segment is expected to expand rapidly over the forecast period owing to various benefits of ceramic tiles. Ceramic tiles are available in a wide range with a variety of prints and patterns. These tiles can be used as wall tiles, floor coverings, and also require minimum maintenance for longer life. In terms of application, the global non resilient flooring market can be segmented into residential, commercial, and industrial. The residential and commercial segments are expected to witness high growth during the forecast period owing to the growth in residential and commercial construction projects in developing countries. Non resilient surfaces are widely used in new residential, home improvement projects as well as in commercial applications such as shopping centers, malls, and office spaces. Geographically, the global non resilient flooring market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific region is expected to witness high growth in the non-resilient flooring market due to increasing construction activities in the residential and commercial sector in the region. Growing urbanization, changing lifestyles, and relocation of people are boosting the growth of the non-resilient flooring market in developing economies such as China and India. In developed regions such as North America and Europe, the demand for non-resilient flooring is growing due to rise in architectural designs and buildings.
The global non resilient flooring market includes large number of players. Some of the key players are Shaw Industries Group, Dal Tile, Mohawk Industries, Mannington Mills, Kajaria Ceramics, China Ceramics, RAK Ceramics, Crossville, Ceramica Saloni, and Porcelanosa Group.