Hard Surface Flooring Market size was valued at USD x billion in 2021 and is projected to reach USD x billion by 2028 at a CAGR of x% during the forecast period 2022 to 2028. Natural and artificial materials that are not flexible and do not bend when trodden on makeup hard flooring. They are tough, long-lasting, and resistant. Vinyl, rubber, cork, and linoleum flooring materials are some of the most durable possibilities. Wood, stone, and concrete are examples of other hard surface flooring materials. For instance, In 2018, the Company completed its purchase of Eliane S/A Revestimentos Ceramics, one of the largest ceramic tile companies in Brazil. In July 2018, the Company completed its acquisition of Godfrey Hirst Group, the leading flooring company in Australia and New Zealand, to extend Mohawk’s global position. However, increasing high price of flooring products and health side effects including Plantar fasciitis is an inflammation of the tissues at the bottom of the foot and a leading cause of foot pain hampers the Hard Surface Flooring market. The global Hard Surface Flooring market is expected to be worth USD xx million in 2020, growing at a high CAGR of x% from 2022 to 2028 to reach USD x million by 2027. In 2020, Vinyl Sheet Tiles had a market revenue share of x%, and from 2021 to 2027, it is predicted to increase at a CAGR of x%. One of the longest-performing resilient flooring materials is vinyl. The residential segment has a market share of x% and is expected to increase at a CAGR of x% in the future years.
Key Market Developments:
In October 2021, Armstrong Flooring, a leader in the design and manufacture of innovative flooring solutions, announced the launch of a new rigid core product, Essentials Plus. Designed for residential spaces, Essentials Plus features the newest, on-trend designs while offering the same excellent performance standards expected from Armstrong Flooring.
In February 2022, Armstrong Flooring, a leader in the design and manufacture of innovative flooring solutions, announced the introduction of three new heterogeneous sheet collections, Asana™, Nidra™, and Zenscape™. Each collection is proudly manufactured in Stillwater, Okla., and includes Diamond 10® Technology, a patented wear layer that uses cultured diamonds to provide the ultimate in scratch, stain and scuff resistance while eliminating the need for polish. Additionally, each collection features reinforced layers for protection from rips, tears, and gouges.