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PVC Floor Market: By Product Type, Luxury Vinyl Tiles ), By Composition, By End-Use, and Region Forecast 2019-2030
PVC Floor Market: By Product Type, Luxury Vinyl Tiles ), By Composition, By End-Use, and Region Forecast 2019-2030
PVC Floor Market size was valued at US$ 26,310.9 million in 2023 and is poised to grow at a significant CAGR of 5.8% from 2024-2030. PVC flooring, also known as vinyl flooring, is one of the most common end-uses of PVC. PVC flooring is widely available in sheet or tile form for both residential and commercial applications. Consumer's disposable income is increasing, allowing them to modify their lifestyle and invest in a high luxury property. Furthermore, customers believe that a well-decorated home is a reflection of social standing, therefore they are looking into different flooring options, such as PVC flooring, to improve and preserve their social image. In the coming years, these factors are projected to provide substantial opportunities for PVC flooring industry players.
The market for PVC flooring is being driven by the expansion of residential dwelling construction markets and an increase in reconstruction activities. The market for PVC flooring is also being boosted by rising living standards and urbanization. PVC flooring provides improved aesthetics and usefulness, as well as resistance to water, fire, and sound reduction, all of which contribute to the market's growth. It is also simple to clean and install, as well as being cost-effective.
Key players are closely examining market trends and focusing on their Research and development operations to gain a larger market share and a competitive advantage over their competitors. In recent years, new printing and manufacturing processes have enhanced PVC flooring's performance, particularly its resistance to gouges, rips, and tears. PVC floors are recommended for use in bathrooms and domestic kitchens, healthcare institutions, and commercial and retail enterprises because they are longer-lasting, easier to maintain, and moisture-resistant than many other materials.
In May 2021, Armstrong Flooring launched three LVT collections named as Biome, Terra, coalesce, with the patented diamond ten technology, for commercial end users. These products contain about 29% recycled content.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
North AmericaFastest Growing Market
North America
Population growth and increased urbanization are driving the PVC floor industry. Furthermore, by 2050, the steady movement in human residency from rural to urban areas, as well as the total rise in the world's population, would have added 2.5 billion people to urban areas. Other factors, such as the development of large-scale infrastructure projects in developing countries in the areas of Europe, Southeast Asia Pacific, and the Middle East, are pushing market expansion even more. However, a major restraint PVC flooring market is the changes in the availability and supply of raw materials, as well as a scarcity of contractor workforces, have caused delays in existing and new building projects.
The PVC floor market in North America is likely to hold a significant revenue share of 23.7% in 2021, and in the following years, it is predicted to increase rapidly. As the world's population grows, so does the demand for new homes, resulting in an expansion of the PVC flooring market. Due to the recovery of the US economy, enhancing commercial facilities and demand for durable and easy-to-install floor covering supports, the PVC flooring market in North America is expected to grow significantly. Europe accounts for a major share of the market, followed by North America. because of the high preference for luxurious houses. During the forecast period, the Asia-Pacific market is expected to grow at a considerable CAGR. In addition, new mall development, transportation infrastructure, and restaurant renovation operations in countries such as India and China are helpful in promoting Asia-Pacific market expansion.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 26,310.9 million |
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Market CAGR |
5.8% |
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By Product Type |
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By Composition |
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By End-User |
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By Region |
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The pvc floor market size was valued at US$ 26,310.9 million in 2022 and is poised to grow at a significant CAGR of 5.8%
The market report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The market key players are Armstrong Flooring, LG Hausys, Ltd., Forbo International SA
| 1.Executive Summary |
| 2.Global PVC Floor Market Introduction |
| 2.1.Global PVC Floor Market - Taxonomy |
| 2.2.Global PVC Floor Market - Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Composition |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3.Global PVC Floor Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global PVC Floor Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global PVC Floor Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Sheets |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Vinyl Tiles (VT) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Luxury Vinyl Tiles (LVT) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global PVC Floor Market By Composition, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Homogenous |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Heterogeneous |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global PVC Floor Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Commercial |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Residential |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global PVC Floor Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America PVC Floor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Sheets |
| 9.1.2.Vinyl Tiles (VT) |
| 9.1.3.Luxury Vinyl Tiles (LVT) |
| 9.2. Composition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Homogenous |
| 9.2.2.Heterogeneous |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Commercial |
| 9.3.2.Residential |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe PVC Floor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Sheets |
| 10.1.2.Vinyl Tiles (VT) |
| 10.1.3.Luxury Vinyl Tiles (LVT) |
| 10.2. Composition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Homogenous |
| 10.2.2.Heterogeneous |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Commercial |
| 10.3.2.Residential |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) PVC Floor Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Sheets |
| 11.1.2.Vinyl Tiles (VT) |
| 11.1.3.Luxury Vinyl Tiles (LVT) |
| 11.2. Composition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Homogenous |
| 11.2.2.Heterogeneous |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Commercial |
| 11.3.2.Residential |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) PVC Floor Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Sheets |
| 12.1.2.Vinyl Tiles (VT) |
| 12.1.3.Luxury Vinyl Tiles (LVT) |
| 12.2. Composition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Homogenous |
| 12.2.2.Heterogeneous |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Commercial |
| 12.3.2.Residential |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America PVC Floor Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Sheets |
| 13.1.2.Vinyl Tiles (VT) |
| 13.1.3.Luxury Vinyl Tiles (LVT) |
| 13.2. Composition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Homogenous |
| 13.2.2.Heterogeneous |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Commercial |
| 13.3.2.Residential |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Armstrong Flooring |
| 14.2.2.LG Hausys, Ltd. |
| 14.2.3.Forbo International SA |
| 14.2.4.Gerflor |
| 14.2.5.Forbo |
| 14.2.6.Tarkett |
| 14.2.7.Mannigton |
| 14.2.8.Polyflor |
| 14.2.9.HANWHA |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.