- The worldwide non-resilient flooring market is likely to attain a size of around USD 253 billion by 2020. Innovative technologies of digital printing for ceramic tiles have caused the growth of flexible and advanced products along with the enhancement of set-up procedures. This has considerably widened the scope of non-resilient flooring in commercial, residential and industrial sectors. Surging demand for non-resilient flooring materials across these sectors is expected to drive further growth of the non-resilient flooring market.
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Increased industrialization has led to augmented demand for non-resilient materials in the sector of new construction. This factor is also estimated to be a significant driver of the non-resilient flooring market. Costs of raw materials have considerably affected the market. The non-resilient flooring market is expected to gain huge momentum in the future. Ceramic tiles are produced out of unprocessed materials that are freely accessible. Conversely, variations in the costs of unprocessed materials have caused a rise in the costs of ceramic products.
Natural stones require to be dug out and are costly. Technological developments in the processing and mining of manufactured and natural stones are estimated to lead to decreased prices in the coming years. The non-resilient flooring market was likely to have garnered an income of about USD 183 billion in 2013. Non-resilient flooring is inclusive of firm exteriors that are utilized as floor coverings in a broad variety of applications.Huge demand for the market can also be credited to growing non-resilient flooring applications in the commercial sector.
Such applications include shopping centers, malls and work places.
The non-resilient flooring market is fragmented on account of three categories. These are products, applications and geographical regions.
Ceramic tiles are utilized across several applications and can be utilized outdoors and indoors. They can be utilized both as wall tiles and floor coverings. Stone floors consist of either natural or man made stones. Natural floors contain granite, slate, concrete, marble, ceramic, terrazzo and quarry. Granite, marble and other natural stone products are predicted to grow significantly in the future. Concrete tiles, manufactured stones and engineered quartz products are also overtaking the non-resilient flooring market.
Non-resilient flooring is used across commercial, residential and industrial sectors. Residential captured more than fifty percent of the income of the non-resilient flooring market in 2013. Notable augmentation in property resale has caused a boost in home enhancement undertakings and amplification in the costs of housing properties around the world.
Emergent nations, like India and China from the region of Asia Pacific lead the worldwide non-resilient flooring market. This is owing to augmenting infrastructural amenities and swift industrialization in the region. Rising construction operations in the sectors of commercial and residential have caused intensified demand for stone and ceramic floors.
The European non-resilient flooring market is driven by Italy, Germany and United Kingdom. These nations are popular for their architectural buildings and designs and possess an inclination for ceramic and stone floors over others. Boosting demand for non-resilient flooring applications in the sectors of medical, retail and education has propelled the non-resilient flooring market forward in Europe and North America.
Information Source: Grand View Research
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