Flooring Market
The growing construction of commercial skyscrapers in various regions is likely to boost the demand for flooring products in the commercial sector in the near future while the demand for these products in industrial sector is expected to be driven by the increasing usage of polymer based resilient flooring to provide an energy absorbing , water , and chemical resistant surface .
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Geographically , the report has segmented the worldwide flooring market into Asia Pacific , North America , the Middle East and Africa , Europe , and Latin America . In 2016 , Asia Pacific led the global market with a share of more than 42 %. Thanks to the growth of the construction industry in various Asian nations , fueled by the high economic growth , the Asia Pacific flooring market is likely to continue its dominance over the period of the forecast . China is likely to surface as the leading domestic market for flooring components in Asia Pacific in the years to come , states the research report .
Rising Urbanization and Industrialization to Influence Demand for Flooring Products With the increasing disposable income of consumers , the trend of urbanization has gained significant momentum across the world . “ The swift rise in urbanization and industrialization , resulting in a substantial increase in construction activities , is having the most prominent impact on the global flooring market ,” states the author of this study . The rapid infrastructural developments in developed economies has increased the demand for flooring products remarkably , boosting the overall market .
Over the coming years , the expansion in the building and construction industry in emerging regions is expected to propel this market exponentially . However , the volatility in prices of raw materials may limit the growth of this market in the years to come , reports the study .
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TABLE OF CONTENT
1 . Preface 1.1 . Report Description 1.2 . Research Scope
Transparency Market Research
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