PVC Floor Market size was valued at USD 26,310.9 million in 2021 and is poised to grow at a significant CAGR of 5.8% over 2022–2028. 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. Consumers 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 opportunity 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 & Development operations in order 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.
Recent Market Developments:
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.