Resilient Flooring Market Industry Analysis, Key Vendors, Opportunity and Forecast To 2029

May 31, 2023

The resilient flooring market will grow at a rate of 5.20% for the forecast period of 2021 to 2028. Resilient flooring market report analyses the growth, which is currently being growing due to increasing construction activities.

Resilient flooring or vinyl flooring is the type of floor which is made from material which are elastic in nature. They are usually made from material like rubber, PVC, linoleum among others and usually have high strength and durability. Vinyl type, Luxury vinyl type and residential sheet vinyl among others are some of the common type of the resilient flooring and these flooring usually lie between soft floors like carpet and hard floors like stone.

Increase in the government investment in infrastructure development is a vital factor responsible for the upliftment of the market growth, also rise in the demand for inclusive flooring in commercial residences, affordable price of these resilient flooring, rise in the drastic development in the infrastructure sector and rise in the rapid urbanization along with the growing construction sector in India, China, and other developing countries are some of the prime factors among others driving the resilient flooring market. Moreover, increase in the technological advancements and modernization in the machinery used and rise in the research and development activities in the market will further create new opportunities for resilient flooring market the in the forecast period mentioned above.

However, high risk of cut due to small pressure points like table legs, increase in the presence of toxic chemicals like phthalates, high sensitivity towards hot items and fluctuation in the cost of raw material are the major factors among others which will obstruct the market growth, and will further challenge the growth of resilient flooring market in the forecast period mentioned above.