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.
Browse full research report on Fiberglass Flooring
Market 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
- U.S.
- Europe
- Germany
- UK
- France
- Italy
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-fiberglass-flooring-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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