Flooring Materials Market – Industry Trends and Forecast to 2026 With Key Players Like CSR Limited, Sika AG, Saint-Gobain, 3M, Johns Manville, Milliken, Interface, Inc., Shaw Industries Group, Inc., Arabian Tile Company Ltd.
Flooring Materials Market By Materials (Floor Base Material, Floor Covering Material, Under Mount Material), Flooring Type (Carpet & Rugs, Tiles, PVC/Vinyl, Wood, Concrete, Brick, Glass, Terrazzo, Mosaic, Cork, Linoleum, Rubber, Stone, Acid Resisting, Magnesite, Others), Installation (Retrofitting, New Installation), Application (Residential, Commercial, Institutional), Country (South Africa, Egypt, Saudi Arabia, UAE, Israel, Rest of Middle East and Africa) – Industry Trends and Forecast to 2026
Flooring materials are the horizontal elements of a residential building that provide support to the building infrastructures. The type of flooring can be differentiated into: flooring base material, floor covering material and under mount material. The base materials can be concrete or gypsum and the covering materials can be a carpet, stone or wood. The under mount materials are generally the materials for insulation purpose and can be either plastic or rubber.
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The adoption of different cultures and changing lifestyle of people is a growing trend for investment in the interiors of a home thus enhancing the flooring materials market. The selection for flooring materials comprises of the product life, visual appeal, flexibility and durability of the materials to sustain the pressure of the foot traffics in the major commercial and residential buildings. Growing residential building construction in developing countries is leading to growth in demand for Middle East & Africa flooring materials market.
Middle East & Africa flooring materials market is expected to register a substantial CAGR in the forecast period of 2021 -2026.
Segmentation: Middle East and Africa Flooring Materials Market
Middle East & Africa flooring materials market is segmented into four notable segments which are materials, flooring type, installation and application.
· On the basis of materials, the market is segmented into floor covering material, floor base material and under mount material.
· On the basis of flooring type, the market is segmented into tiles, stone, wood, PVC/vinyl, concrete, terrazzo, mosaic, glass, brick, carpet, cork, linoleum, rubber, acid-resisting, magnesite and others.
· On the basis of installation, the market is segmented into retrofitting and new installation.
· On the basis of application, the market is segmented into residential, commercial and institutional.
Competitive Analysis: Middle East and Africa Flooring Materials Market
Some of the major players operating in this market are Boral, CSR Limited, Sika AG, Saint-Gobain, 3M, Johns Manville, Milliken, Interface, Inc., Shaw Industries Group, Inc., Arabian Tile Company Ltd. – ARTIC, Kajaria Ceramics Limited, MOHAWK INDUSTRIES, INC., Tarkett, Owens Corning, Fletcher Building, TAMKO Building Products LLC, SCG, The Euclid Chemical Company, Liberty Industries, Synetik, ARDEX Group, Q.E.P. Co., Inc. and many others.
Product Launch:
· In April 2018, The Euclid Chemical Company re-launched its app namely FiberCalc with new upgrades of iOS11 which quick calculations for temperature and shrinkage crack control tasks. The new innovation will help the company enter a new market and increase its profits.
· In March 2018, Interface, Inc. introduced its global luxury vinyl tile (LVT) collection, Native Fabric. The new product launch expanded the company’s modular resilient flooring offerings.
· In January 2017, Liberty Industries launched magnetic interlocks with steel tight seal and compression latches to be used in the hospitals and pharmacies. The new product will help the company increase its shares and profits.
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