Flooring Market Segmentation:
Product Segment Analysis
Vitrified (porcelain) tiles segment is predicted to dominate flooring market share of around 25% by the end of 2035, driven by its high durability and additional strengths compared to other tiles, such as ceramic tiles. Vitrified tiles don’t have any effect due to temperature as they are made from denser and ultrafine clays.
In addition, vitrified tiles are resistant to bacteria and mold, which makes them more durable and increases the long-term value of these tiles as well as of the floors. Furthermore, ceramic tiles are also scratch-resistant and are highly used in areas such as pathways, parking, landscapes, shop floors, and many more due to the high pressure or stress of their application. In total, the landed value of ceramic floor and wall tile imports is estimated to have risen by 17.9% in 2022 to USD 2.9 billion, while the domestic production value rose 7% to USD 1.46 billion.
Application Segment Analysis
The residential segment in flooring market is estimated to gain a robust revenue owing to the increasing demand for small houses, complexes, apartments, residential buildings, and many more. According to a report by the International Energy Agency in 2023, by 2030 it is expected that the global floor is projected to increase by 15%, which is similar to building an entire floor area in North America.
Our in-depth analysis of the market includes the following segments:
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