Textile Flooring Market Is Fastest Growing Segment Fueling The Growth Of Flooring Market

Textile Flooring Market

The Global Textile Flooring Market is estimated to be valued at US$ 207.46 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Textile flooring includes products such as carpets, rugs, blankets and mats that are made of synthetic or natural textile fibers. The use of textile flooring provides flexibility, comfort underfoot, sound absorption and aesthetic appeal which makes it suitable for both residential as well as commercial applications such as offices, hotels, hospitals etc.

Market key trends:
One of the key trends in the textile flooring market is the increasing demand for eco-friendly flooring solutions. Rising environmental concerns have prompted flooring manufacturers to develop sustainable flooring products made from recycled and renewable materials. For instance, Interface has launched carpet tiles made from recycled materials like nylon, polyester, and even fishing nets rescued from the ocean. Similarly, manufacturers are using natural fibers like coir, sisal, jute and seagrass in the production of area rugs and carpets. The use of natural and recycled materials help reduce dependency on virgin resources and lower carbon footprint.

Segment Analysis
The global textile flooring market is dominated by the synthetic textile flooring segment. Synthetic textiles such as polypropylene, nylon, and polyester are widely used in flooring applications due to their attractive properties like durability, strength, stain resistance, and easy maintenance. Synthetic textiles are resistant to abrasion, moisture, fading and shrinking which makes them suitable for high traffic areas. Their resistance to wear and tear makes them long-lasting and cost-effective compared to other flooring materials. Rising construction activities along with growing demand for easy to install, cost-effective and low maintenance flooring options is propelling the growth of the synthetic textile flooring segment.

Key Takeaways
The Global Textile Flooring Market Analysis is expected to witness high growth, exhibiting CAGR of 6.1% over the forecast period, due to increasing residential and commercial construction activities globally.

Regional analysis
Europe dominated the global textile flooring market in 2022, accounting for around 30% of the overall demand. This can be attributed to the stringent regulations regarding material recycling and energy efficiency in the construction sector across countries like Germany, UK, and France. Additionally, the presence of major textile flooring manufacturers is supporting the growth of the regional market.

Key players
Key players operating in the textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balta Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG. Major players are focusing on new product launches, acquisitions, and expansion strategies to gain higher market share.

Comments

Post a Comment

Popular posts from this blog

Optical Transport Network Market Is Estimated To Witness High Growth Owing To Opportunity In Deployment Of 400G Systems

Image
Optical Transport Network Market  Optical transport network (OTN) refers to the transport of data, voice and video traffic over long distances using optical technologies. OTN solutions facilitate transmission bandwidth rates ranging from 10Gbit/s to over 100Gbit/s over existing fiber infrastructure. They deploy advanced multiplexing techniques such as dense wave division multiplexing (DWDM) and time-division multiplexing (TDM) that boost transmission and switching capabilities. OTN solutions deliver reduced latency and enhanced reliability for meeting rising bandwidth demands. The global Optical Transport Network Market is estimated to be valued at US$ 22.32 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The rising deployment of 400G networks across internet data centers and telecom backbones is estimated to present lucrative growth opportunities.
Read more

Ostomy Care Accessories Market Is Estimated To Witness High Growth Owing To Opportunity In Improving Patient Lifestyles

Image
Ostomy Care Accessories Market Ostomy accessories are medical devices used along with an ostomy appliance or pouching system to help improve the quality of life of people who have had ostomy surgery. Some common ostomy accessories include belt or pants/undergarment clips, skin barriers, moisture-collecting bags, adhesive removers, and protecting sheets. The growing number of patients suffering from inflammatory bowel disease, colorectal cancer, and other gastrointestinal disorders have resulted in increasing demand for ostomy care accessories. These accessories play a crucial role in providing security, discretion, and comfort to ostomates while performing regular activities. The global Ostomy Care Accessories Market is estimated to be valued at US$ 3.69 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Improving patient lifestyles is one of the major
Read more

Schmallenberg Virus Treatment Is Estimated To Witness High Growth Owing To Opportunity Of Development Of New Drugs And Vaccines

Image
Schmallenberg Virus Treatment Market Schmallenberg virus (SBV) is an orthobunyavirus that affects domestic and wild ruminants such as cattle, sheep and goats. The virus causes fever, diarrhea and decreased milk production in adult animals. In newborn animals, the virus can lead to arthrogryposis-hydranencephaly syndrome, which causes malformations of the limbs and heads. While there is currently no treatment for SBV infection, supportive treatment measures such as nutritional supplements can help address symptoms such as diarrhea and reduced milk production. Researchers are developing preventive drugs and vaccines to control the spread of the virus. The global Schmallenberg Virus Treatment Market is estimated to be valued at US$ 110 Mn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The key opportunity for growth in the Schmallenberg virus treatment marke
Read more