Global Flooring Market: Increase in Construction Activities to Boost Market’s Growth, says TMR

The global flooring market demonstrates a fragmented competitive landscape due to the presence of a large pool of players, finds a new study by Transparency Market Research (TMR). The leading companies in this market, such as Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett Group, Boral Ltd., and Armstrong World Industries Inc., are likely to adopt extensive acquisition strategies to become vertically integrated, and in turn, increase their market share in the years to come, states the research study.

According to the research report, the worldwide flooring market was worth US$247.56 bn in 2016. Researchers expect this market to register a healthy rise at a CAGR of 6.40% over the period from 2017 to 2025 and create an opportunity worth US$429.25 bn by the end of the forecast period. Currently, the demand for tiles is higher than other products available in this market. Thanks to the increase in construction activities and the rising emphasis on aesthetics, the scenario is likely to remain same over the forthcoming years, notes the study.

Browse Market Research Report @ http://www.transparencymarketresearch.com/flooring-market.html

Flooring Products to Witness High Demand in Residential Sector

The commercial, residential, and the industrial sectors have been considered as the key application areas of flooring components in this research report. The residential sector is reporting a higher demand for flooring materials and is anticipated to remain doing so over the next few years, thanks to growing construction of residential homes in countries, such as China, India, and Brazil, and the increase in re-modelling activities in the U.S. and several parts of Europe.

The growing construction of commercial skyscrapers in various regions is likely to boost the demand for flooring products in the commercial sector in the near future while the demand for these products in industrial sector is expected to be driven by the increasing usage of polymer based resilient flooring to provide an energy absorbing, water, and chemical resistant surface.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3813

Geographically, the report has segmented the worldwide flooring market into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. In 2016, Asia Pacific led the global market with a share of more than 42%. Thanks to the growth of the construction industry in various Asian nations, fueled by the high economic growth, the Asia Pacific flooring market is likely to continue its dominance over the period of the forecast. China is likely to surface as the leading domestic market for flooring components in Asia Pacific in the years to come, states the research report.

Rising Urbanization and Industrialization to Influence Demand for Flooring Products

With the increasing disposable income of consumers, the trend of urbanization has gained significant momentum across the world. “The swift rise in urbanization and industrialization, resulting in a substantial increase in construction activities, is having the most prominent impact on the global flooring market,” states the author of this study. The rapid infrastructural developments in developed economies has increased the demand for flooring products remarkably, boosting the overall market.

Over the coming years, the expansion in the building and construction industry in emerging regions is expected to propel this market exponentially. However, the volatility in prices of raw materials may limit the growth of this market in the years to come, reports the study.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Market Research Reports

Search This Blog