Europe Flooring Materials Market By Materials (Floor Base Material, Floor Covering Material, Under Mount Material), Flooring Type (Carpet & Rugs, Tiles, PVC/Vinyl, Wood, Concrete, Brick, Glass, Terrazzo, Mosaic, Cork, Linoleum, Rubber, Stone, Acid Resisting, Magnesite, Others), Installation (Retrofitting, New Installation), Application (Residential, Commercial, Institutional), Country (Germany, France, Italy, Spain, UK, Ireland, Switzerland, Turkey, Russia, Belgium, Netherlands, Rest of Europe) – Industry Trends and Forecast to 2026
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Flooring materials are the horizontal elements of a residential building that provide support to the building infrastructures. The type of flooring can be differentiated into: flooring base material, floor covering material and under mount material. The base materials can be concrete or gypsum and the covering materials can be a carpet, stone or wood. The under mount materials are generally the materials for insulation purpose and can be either plastic or rubber.
The adoption of different cultures and changing lifestyle of people is a growing trend for investment in the interiors of a home thus enhancing the flooring materials market. The selection for flooring materials comprises of the product life, visual appeal, flexibility and durability of the materials to sustain the pressure of the foot traffics in the major commercial and residential buildings. Growing residential building construction in developing countries is leading to the growth in demand for Europe flooring materials market.
Europe flooring materials market is expected to register a substantial CAGR in the forecast period of 2019 -2026.
Segmentation: Europe Flooring Materials Market
Europe flooring materials market is segmented into four notable segments which are materials, flooring type, installation and application.
- On the basis of materials, the market is segmented into floor covering material, floor base material and under mount material.
- On the basis of flooring type, the market is segmented into tiles, stone, wood, PVC/vinyl, concrete, terrazzo, mosaic, glass, brick, carpet, cork, linoleum, rubber, acid-resisting, magnesite and others.
- On the basis of installation, the market is segmented into retrofitting and new installation.
- On the basis of application, the market is segmented into residential, commercial and institutional.
Competitive Analysis: Europe Flooring Materials Market
Some of the major players operating in this market are Boral, CSR Limited, Sika AG, Saint-Gobain, 3M, Johns Manville, Milliken, Interface, Inc., Shaw Industries Group, Inc., Arabian Tile Company Ltd. – ARTIC, Kajaria Ceramics Limited, MOHAWK INDUSTRIES, INC., Tarkett, Owens Corning, Fletcher Building, TAMKO Building Products LLC, SCG, The Euclid Chemical Company, Liberty Industries, Synetik, ARDEX Group, Q.E.P. Co., Inc. and many others.
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Business Expansions:
- In March 2018, Sika AG launched a new production unit of Mortar in Bac Ninh in Northern Vietnam, so that they can meet the growing demand in the construction market. It will help the company to spread its manufactured products portfolio in the north of the country; therefore, reinforcing the company’s competitiveness and cost structure. As a result ready-mixed mortar will gain market share
- In January 2018, Tarkett invested 70 million euros in North America and Europe in order to expand its business in LVTs. The expansion will help the company expand its product portfolio and thus increase its shares in the market
Research Methodology: Europe Flooring Materials Market
Primary Respondents: Key Industry Participants, Subject-Matter Experts (SMEs), C-level Executives of Key Market Players, Market Intelligence Managers, National Sales Managers and Industry Consultants.
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