Resilient Flooring Market Share, Trends Worldwide Forecast 2015

The global resilient flooring market is expected to reach USD 77.04 billion by 2020. Development of hassle-free installation techniques and innovative products as a result of significant technological advancements has widened resilient flooring's scope across commercial, industrial, and residential applications. Increased awareness pertaining to the use of eco-friendly flooring materials including cork, glass, linoleum, Polyester (P.E.T) Berber, and rubber is expected to favorably impact the resilient flooring market growth.

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Further key findings from the study suggest:

Vinyl sheets goods are predominantly used in education and healthcare, with the latter using substantial quantity of homogeneous sheet in clinical settings. As sheets satiate the performance requirements in healthcare applications, the growth of the healthcare market has buoyed sheets' demand. Luxury vinyl tiles (LVT) have made rapid penetration in all application sectors, with their use in healthcare undergoing substantial growth outside sterile settings. LVTs have increasingly replaced Vinyl Composite Tiles (VCTs) in back office applications, break rooms, corridors and cafeterias.

Linoleum has gained prominence owing to its inherent biodegradable and anti-bacterial characteristics. Hospitals, day-care centers and retail store constitute the key demand sectors for linoleum flooring.

Resilient tiles are predominantly used in high-traffic and price conscious commercial applications. In residential applications, resilient flooring is primarily installed in kitchens and bathroom owing to its water-resistant capability. Educational institutes and retail comprise the foremost commercial application sectors, whereas the use of resilient flooring in healthcare applications is expected to witness substantial growth.

North America and Europe captured a significant share of the resilient flooring market in 2013 which can be attributed to growing...