The global fiberglass
flooring market is expected to reach USD 987 million by 2025,
according to a new report conducted by Grand View Research, Inc. The growing
application in industrial, residential and commercial buildings owing to the
longer lifespan of floors coupled with better aesthetics will drive growth over
the upcoming years. Moreover, the rising demand for residential buildings in
light of population growth, increasing income levels, and favorable government
initiatives will aid in the industry development.
The usage of these products in the industrial
sector will witness substantial revenue rise at a CAGR of 6.8% from 2016 to
2025. Factors such as low maintenance and anti-allergen are expected to spur
the demand for these products over the upcoming years. Strong growth of the
construction industry in emerging countries such as China, India, Singapore,
Brazil, Thailand, Indonesia, Mexico, UAE, South Africa, Saudi Arabia, Qatar,
and South Korea will create growth opportunities for the market in the future.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/fiberglass-flooring-market
Further key findings from the report suggest:
·
The global fiberglass flooring market demand was
107,793.2 thousand square feet in 2015 and is expected to grow significantly
owing to growing demand for residential buildings in countries such as Germany,
South Africa, Brazil, Mexico, and India
·
The Middle East & Africa accounted for 16.5%
of the global volume share in 2015 and is anticipated to witness growth on
account of rapid infrastructural development in the region over the upcoming
years. The presence of large construction companies such as Murray &
Roberts, Fluor, Trencon Construction, Esor, Arabtec Construction LLC, Al
Habtoor Group LLC, and Dutco Construction LLC will spur the demand for the
product.
·
The industrial construction sector is expected
to witness substantial gains on account of increasing facility expansion by
manufacturing companies. Moreover, the shifting of the major automotive
manufacturers including Volkswagen, Audi, Toyota, Nissan, Chevrolet, BMW, and
Fiat to China and India is expected to fuel the demand for fiberglass floorings
in the industrial construction sector over the forecast period.
·
The industry is dominated by key participants
including IVC Group (Mohawk Industries), Mannington Mills, Inc., Shaw Floors,
NOX Corporation, Milliken, Armstrong World Industries, Gerflor, and Tarkett
·
Companies are focusing on strategic partnerships
and alliances for strengthening their positions in the global market. In
January 2013, the IVC Group announced the acquisition of Trinterio, which led
to the introduction of two new subdivisions to the IVC Group, Spanolux, and
Balterio.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global fiberglass flooring market on the basis of application and region:
Fiberglass Flooring Application Outlook (Volume, Thousand Square Feet; Revenue, USD Million; 2014-2025)
·
Residential
·
Commercial
·
Industrial
Fiberglass Flooring Market Regional Outlook (Volume, Thousand Square
Feet; Revenue, USD Million; 2014-2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
o
Italy
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-fiberglass-flooring-market
No comments:
Post a Comment