Vinyl flooring is composed of several layers of different materials bonded together into a highly durable, practical, and affordable floor covering. It is eco-friendly, easy to install, and resistant to water, heat, stains, scratches, and moisture. It also provides excellent stability and support and protects the floor from sun damage, making it a preferred choice over ceramic tiles in residential and commercial settings worldwide.
Increasing consumer spending on home remodeling activities represents one of the key factors positively influencing the demand for luxury vinyl flooring across the globe. This can also be attributed to the rising demand for smart homes with attractive interior designs on account of improving living standards. Moreover, the thriving travel and tourism industry is propelling the adoption of semi-urban and urban lodging and accommodation facilities, thereby offering lucrative growth opportunities to manufacturers operating in the industry. In addition, significant growth in the sales of commercial and industrial properties, such as offices, retail stores, shopping centers, and warehouses, is contributing to the market growth. Apart from this, as viny flooring reduces the risk of transmission of hospital-acquired infections, it is gaining immense traction in hospital flooring. Besides this, key market players are introducing innovative graphic film layers and versatile vinyl flooring designs to expand their consumer base. They are also focusing on improving the installation process using self-adhesive variants, loose lay planks, interlocking tiles and planks, and glue down tiles and planks. Such advancements are anticipated to create a positive outlook for the market in the coming years.
The report provides a techno-commercial roadmap for setting up a vinyl flooring manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the vinyl flooring industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the vinyl flooring industry.
The project report covers the following aspects of the vinyl flooring market:
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