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Impact of Covid-19 on Vinyl Tile market 2020: Expected to Witness a Sustainable Growth | By Major Vendors such as Tarkett, Gerflor, Armstrong, Mannington Mills, NOX Corporation

Vinyl Tile Market overview:

The market study on the Global Vinyl Tile market was carried out using an approach and hypotheses of standard and tailor-made research methodology. Annual forecasts and estimates for the years 2020 to 2026 were provided in the report, as well as estimates for previous years, for each given segment and sub-segments. Market data that is derived from authentic resources is validated and verified by industry professionals and presented to the respective readers. The report then assesses the market by deliberating on market dynamics, including growth drivers, constraints, potential opportunities, threats, challenges and other market trends.

There’s a lot of ground to cover in the world of flooring. Vinyl has been a popular choice for its durability and wide range of styles for many years. Vinyl tile is a flooring material that is generally inexpensive, easy to install, and easy to maintain. Made primarily from polyvinyl chloride resins and plasticizers, these flooring tiles are waterproof and very durable.
In the world wide, North America, Europe, Japan, Korea and China are the major manufacturing regions. North America is the leader in vinyl tile market, whose consumption volume occupied 31.23% market share in 2016. Armstrong, Mannington Mills, Tarkett, NOX Corporation, Hanwha and Shaw are the global leading manufacturers of vinyl tile.

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Top manufacturers as follow:
Tarkett, Gerflor, Armstrong, Mannington Mills, NOX Corporation, Shaw, Hanwha, LG Hausys, Mohawk, Polyflor, Congoleum, Forbo, TOLI, Beaulieu, Tajima, Metroflor, Interface, RiL, Karndean, Roppe, Milliken, Kraus, Parterre, Kingdomfloor, Snmo LVT, Hailide New Material, Taide Plastic Flooring

Vinyl tile downstream is wide and the main application fields are residential and commercial use. Globally, in 2016 Commercial Use accounts for nearly 64.88% of total downstream consumption of vinyl tile in global.

According to the type, it can be divided into LVT and VCT. Vinyl Composition Tile (VCT) is the main product, capturing about 59.44% of global consumption of vinyl tile in 2016.

According to our research and analysis, manufacturers from North America and Europe are the major leaders in the international market of vinyl tile. North America is the largest production and consumption region. In 2016, the North America consumption of vinyl tile is 171.71 million Sq.m. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With lower human cost, raw materials and strong market demand, many big international brands have set up factories in China.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, vinyl tile consumption will show a trend of steady growth. In 2022 the consumption of vinyl tile is estimated to be 653.57 million Sq.m.

Global Vinyl Tile market size will increase to 10400 Million US$ by 2025, from 7390 Million US$ in 2018, at a CAGR of 4.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vinyl Tile.

This report researches the worldwide Vinyl Tile market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Vinyl Tile breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

The Vinyl Tile report consists of streamlined financial data obtained from various research sources to provide specific and reliable analysis. Assessment of key market trends having a positive impact on the market over the next two years, including an in-depth analysis of market segmentation, including sub-markets, on a regional and global basis. The report also provides a detailed Vinyl Tile market share perspective as well as strategic recommendations, based on the emerging segments.

The Important Type Coverage:
Luxury Vinyl Tile (LVT), Vinyl Composite Tile (VCT)

Segment by Applications
Commercial Use, Residential Use

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Vinyl

Some of the main geographies included in this study:
 North America (United States and Canada and rest of North America)
Europe (Germany, France, Italy and rest of Europe)
 Asia-Pacific (China, Japan, India, South Korea and the rest of Asia-Pacific)
LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and the rest of LAMEA)

Some major points addressed in this Vinyl Tile market report:

  1. A global vision of the market which helps to recover essential data.
  2. The market was segmented according to product types, applications, end users as well as vertical sectors, taking into account many factors. Given the segmentation of the market, a more in-depth analysis was carried out effectively. For a better understanding and in-depth analysis of the market, the key segments have also been divided into sub-segments.
    In the next section, the factors responsible for market growth have been included.
  3. These data were collected from primary and secondary sources and have been approved by industry experts. It helps to understand the key market segments and their future trends.
  4. The report also includes a study of the latest developments and profiles of the main players in the industry.
  5. The report of Vinyl Tile market studies also presents eight-year forecasts based on expected market growth.

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