Advanced report on ‘ Vinyl Tile market’ Added by Market Study Report, LLC, offers details on current and future growth trends pertaining to the business besides information on myriad regions across the geographical landscape of the ‘ Vinyl Tile market’. The report also expands on comprehensive details regarding the supply and demand analysis, participation by major industry players and market share growth statistics of the business sphere.
Global Vinyl Tile market size will increase to 10400 Million US$ by 2025, from 7390 Million US$ in 2018, at a CAGR of 4.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vinyl Tile.
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There?s a lot of ground to cover in the world of flooring. Vinyl has been a popular choice for its durability and wide range of styles for many years. Vinyl tile is a flooring material that is generally inexpensive, easy to install, and easy to maintain. Made primarily from polyvinyl chloride resins and plasticizers, these flooring tiles are waterproof and very durable.
In the world wide, North America, Europe, Japan, Korea and China are the major manufacturing regions. North America is the leader in vinyl tile market, whose consumption volume occupied 31.23% market share in 2016. Armstrong, Mannington Mills, Tarkett, NOX Corporation, Hanwha and Shaw are the global leading manufacturers of vinyl tile.
Vinyl tile downstream is wide and the main application fields are residential and commercial use. Globally, in 2016 Commercial Use accounts for nearly 64.88% of total downstream consumption of vinyl tile in global.
According to the type, it can be divided into LVT and VCT. Vinyl Composition Tile (VCT) is the main product, capturing about 59.44% of global consumption of vinyl tile in 2016.
According to our research and analysis, manufacturers from North America and Europe are the major leaders in the international market of vinyl tile. North America is the largest production and consumption region. In 2016, the North America consumption of vinyl tile is 171.71 million Sq.m. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With lower human cost, raw materials and strong market demand, many big international brands have set up factories in China.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, vinyl tile consumption will show a trend of steady growth. In 2022 the consumption of vinyl tile is estimated to be 653.57 million Sq.m.
What pointers are covered in the Vinyl Tile market research study?
The Vinyl Tile market report | Elucidated with regards to the regional landscape of the industry:
- The geographical reach of the Vinyl Tile market has been meticulously segmented into United States, China, Europe, Japan, Southeast Asia & India, according to the report.
- The research enumerates the consumption market share of every region in minute detail, in conjunction with the production market share and revenue.
- Also, the report is inclusive of the growth rate that each region is projected to register over the estimated period.
The Vinyl Tile market report | Elucidated with regards to the competitive landscape of the industry:
- The competitive expanse of this business has been flawlessly categorized into companies such as Tarkett, Gerflor, Armstrong, Mannington Mills, NOX Corporation, Shaw, Hanwha, LG Hausys, Mohawk, Polyflor, Congoleum, Forbo, TOLI, Beaulieu, Tajima, Metroflor, Interface, RiL, Karndean, Roppe, Milliken, Kraus, Parterre, Kingdomfloor, Snmo LVT, Hailide New Material and Taide Plastic Flooring, as per the Vinyl Tile market research report.
- Exclusive details pertaining to the contribution that every firm has made to the industry have been outlined in the study. Not to mention, a brief gist of the company description has been provided as well.
- Substantial information subject to the production patterns of each firm and the area that is catered to, has been elucidated.
- The valuation that each company holds, in tandem with the description as well as substantial specifications of the manufactured products have been enumerated in the study as well.
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The Vinyl Tile market report | Elucidated with regards to some other pointers that would prove vital for stakeholders:
- The Vinyl Tile market research report includes the product expanse of the Vinyl Tile market, segmented extensively into Luxury Vinyl Tile (LVT), Vinyl Composite Tile (VCT) and Others.
- The market share which each product type holds in the Vinyl Tile market along with the growth rate that the product is anticipated to register over the forecast time duration have been provided.
- The revenue of each product in question, by the end of the anticipated period in consort with the price patterns of the product have been elucidated in the report.
- The study categorizes, in meticulous aspects, the application scope of the Vinyl Tile market into Commercial Use and Residential Use.
- The report encompasses the market share that every application will be accountable for in the Vinyl Tile market, in addition to the growth rate which each application segment will plausibly record over the projected timeline.
- The valuation that the applications will hold by the end of the expected duration has also been outlined in the study.
The Vinyl Tile market research study conscientiously mentions a separate section that enumerates details with regards to major parameters like the price fads of key raw material and industrial chain analysis, not to mention, details about the suppliers of the raw material. That said, it is pivotal to mention that the Vinyl Tile market report also expounds an analysis of the industry distribution chain, further advancing on aspects such as important distributors and the customer pool.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Vinyl Tile Industry Insights
Technological and innovation landscape
Chapter 4: Vinyl Tile Market, By Region
Chapter 5: Company Profile
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