Increasing Investment in Emerging Nations Is Expected to Drive Flooring Market Growth: Global Market Insights, Inc.

Flooring Market Size is estimated to be valued at USD 418.86 Billion by 2022, as per a new research report by Global Market Insights, Inc. Innovative solutions in construction coupled with escalating demand for insulation is likely to boost global demand.

Browse In-depth research report on Global Flooring Market with detailed charts and figures: https://www.gminsights.com/industry-analysis/flooring-market-size

Soft coverings market size was the largest revenue generator, and the segment was valued USD 90.75 Billion in 2014. It is anticipated to grow at 6.2% CAGR from 2015 to 2022 due to its dust-binding characteristics, noise-reducing effect and offers comfort. Non-resilient flooring market was over 30% of the share in 2014.

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Increasing need in the construction industry has positively impacted consumption. There exist various innovative solutions that are durable and require low maintenance as compared to other conventional materials such as stone, ceramic and wood. As a result, consumers are adopting more cost effective and eco-friendly solutions.

Rise in urbanization along with evolving consumer lifestyles is expected to be a significant opportunity for industry participants. Development of hassle-free installation techniques and availability of innovative construction solutions coupled with growing demand for environmentally sustainable products are among major flooring market trends.

Presently, designers are seeking out eco-friendly materials for their clients; this has led to the development of several environmentally viable choices. Lack of awareness among consumers coupled with environmental concerns is likely to hamper demand over the next six years.

Browse Full Press Release: https://www.gminsights.com/pressrelease/flooring-market

Key Insights from the Report Include:

• The flooring market was 193.51 Billion square feet in 2014; it will grow at...