Flooring Market

Rise in new residential activities, especially single-family home coupled with sustained growth in residential renovation activities will drive growth of flooring products. The renovation wave in Europe and pandemic home-remodeling activities in the U.S. is anticipated to play integral part.

The global graphite market is expected to be valued at US$ 285.9 Bn by the end of 2025, wherein ceramic tiles to account for more than 45% of the total market value.

Asia Pacific currently accounts for more than 45% of the global demand and will hold the highest volume share by 2025. Sustained residential and commercial construction projects, notably in India, Southeast Asia, and China will flourish the flooring market.

With growing consumer awareness towards eco-friendly and sustainable products, companies are expanding their product lines with innovative and environmentally sustainable flooring solutions, with some adding recycled elements into their flooring products.

Flooring market is highly competitive across all geographies with hundreds of small-sized companies, adding to the competitive pressure. Top 5 players in the flooring market together accounted for more than 10% of the total flooring value in 2019.