Global Polyvinyl Chloride (PVC) Floor Market By Product Type (Sheets, Vinyl Tiles (VT), Luxury Vinyl Tiles (LVT)), By Composition (Homogenous, Heterogeneous), By End-Use (Commercial, Residential), By Sales Channel (Manufacturer/Distributor/Service Provider, Aftermarket) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Global Polyvinyl Chloride (PVC) Floor Market Outlook:
The global polyvinyl chloride (PVC) floor market size was valued at USD 16.04 Billion in 2022 and is projected to reach USD 25.47 Billion by 2031, expanding at a CAGR of 5.4% during the forecast period 2023 - 2031. PVC flooring, also known as vinyl flooring, is one of the most important end-uses of PVC.
It is made from synthetic materials such as fiberglass, PVC, and plasticizer. It is highly durable as it is composed of multiple layers and has a thick core to keep the user comfortable when walking. PVC floors are readily available in either sheet or tile form for residential and commercial uses. Introduction of new printing and manufacturing technologies in the last few years has improved PVC floorings performance especially durability against gouges, rips, and tears.
These floors are longer-lasting, easier to maintain, and moisture-resistant as compared to many alternative materials; therefore, PVC floors are preferred for usage in bathrooms and residential kitchens, healthcare facilities, and commercial & retail establishments.
Polyvinyl Chloride (PVC) Floor Market Dynamics
The PVC floor market is majorly driven by factors such as rise in population and rapid urbanization. According to data published by the United Nations Department of Economic and Social Affairs (UN DESA) in 2018, around 55% of the world’s total population lived in urban areas.
This population is anticipated to rise to 68% by 2050. Moreover, the gradual shift in the residence of humans from rural to urban areas and the overall increase of the world’s population can complement 2.5 billion people more to urban areas by the year 2050.
Other factors such as the development of large-scale infrastructural projects in developing countries of regions Europe, South East Asia Pacific, and the Middle East are further boosting the market growth. Additionally, rise in construction of new malls, transport infrastructure, and restaurant renovation activities in countries such as India and China are anticipated to fuel the polyvinyl chloride (PVC) floor market growth in Asia Pacific.
PVC floor is prone to gouges, scratches, and dents; therefore, it is important to avoid dragging of chairs and heavy furniture over the surface and walking with pointed heel shoes on the floor. Moreover, dogs with long nails can damage the surface.
Growth in the disposable income of consumers is enabling them to enhance their lifestyle and invest in a high-quality luxurious home. Furthermore, it is commonly believed by the consumers that a well-decorated home is a symbol of social status, as a result, consumers are exploring various flooring options, including PVC flooring, to improve and maintain their social image. These factors are expected to offer ample opportunities for the PVC flooring market players in the coming years.
Scope of Polyvinyl Chloride (PVC) Floor Market Report
The report on the global polyvinyl chloride (PVC) floor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.Attributes | Details |
Report Title | Polyvinyl Chloride (PVC) Floor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2022 |
Historic Data | 2016 – 2021 |
Forecast Period | 2023–2031 |
Segmentation | By Product Type (Sheets, Vinyl Tiles, Luxury Vinyl Tiles), By Composition ( Homogenous and Heterogeneous), By End-Use (Commercial and Residential), By Sales Channel (Manufacturer/Distributor/Service Provider and Aftermarket) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report | Armstrong Flooring, Shaw Industries Group, Inc., Tarkett, Hyundai L&C, and Gerflor among others. |
Global Polyvinyl Chloride (PVC) Floor Market Segment Insights
Based on product types, the global polyvinyl chloride (PVC) floor market has been segmented into sheets, vinyl tiles (VT), and luxury vinyl tiles (LVT). The LVT segment is anticipated to remain the most popular category of vinyl flooring solutions. LVT has high durability and provides better performance as compared to other types of PVC flooring. The demand for LVT flooring has increased in the last few years, as it is available in numerous designs and textures.
The introduction of new technologies such as digital printing to the flooring industry is expected to boost market growth during the forecasted period. Digital printing allows easy texture printing on PVC tiles. Two types of LVT are available in the market namely flexible LVT and rigid LVT. Flexible LVT is used widely across the world, as it is cost-effective and suitable for almost all type of End-uses such as commercial and residential.
Based on compositions, the market has been classified as homogeneous and heterogeneous. The market is anticipated to dominate by heterogeneous PVC floor sheets. Heterogeneous flooring also offers excellent sound reduction properties because it can be installed from wall to wall. These flooring offer firm grip on wet areas such as showers, sinks, and swimming pools. As a result of all these factors, heterogeneous flooring is widely used in residential and commercial applications.
Based on end-uses, the into market has been bifurcated commercial and residential. The commercial segment dominated the PVC flooring market in 2019 and is projected to expand at a CAGR of 4.6% during the forecast period. The commercial construction segments include shopping malls and hotels is anticipated to be the main users of these tiles, as they are cost-effective and provide superior esthetics.
The growing influence of architects and designers for the use of PC flooring in a commercial application is anticipated to increase product demand. Effortless cleaning & sterilization coupled with stylish designs offered by this flooring are expected to drive their demand in commercial applications during the forecast period. Rapidly increasing consumer disposable income and high rate of urbanization in developing economies are anticipated to propel the growth of the residential segment.
Based on sales channels, the polyvinyl chloride (PVC) floor market share has been segmented into manufacturer/distributor/service provider and aftermarket. The manufacturer/distributor/service provider segment held a significant market share in 2019 and is projected to expand at a substantial CAGR during the forecast period.
Market players are anticipated to launch products with less ecological impact and superior durability to garner the attention of consumers. Moreover, major manufacturers are offering customized product solutions in various colors, textures, design patterns, and dimensions to attract the more customers.
On the basis of regions, the market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is projected to account for a considerable share of the PVC floor market during the forecast period owing to the rising number of renovation and maintenance activities in residential and commercial buildings.
Additionally, rise in the number of new housing units and growing investments in the infrastructural sector are expected to boost market growth in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global PVC floor Market
- Historical, Current and Projected Market Size in terms of Value and Volume (Tons)
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global PVC floor Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyvinyl Chloride (PVC) Floor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyvinyl Chloride (PVC) Floor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyvinyl Chloride (PVC) Floor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyvinyl Chloride (PVC) Floor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyvinyl Chloride (PVC) Floor Market Size and Volume& Forecast, 2017-2027
4.5.1 Polyvinyl Chloride (PVC) Floor Market Size and Volumeand Y-o-Y Growth
4.5.2 Polyvinyl Chloride (PVC) Floor Market Absolute $ Opportunity
Chapter 5 Global Polyvinyl Chloride (PVC) Floor Market Analysis and Forecast By Product Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Product Type
5.1.2 Basis Point Share (BPS) Analysis By Product Type
5.1.3 Absolute $ Opportunity Assessment By Product Type
5.2 Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Product Type
5.2.1 Sheets
5.2.2 Vinyl Tiles (VT)
5.2.3 Luxury Vinyl Tiles (LVT)
5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global Polyvinyl Chloride (PVC) Floor Market Analysis and Forecast By Composition
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Composition
6.1.2 Basis Point Share (BPS) Analysis By Composition
6.1.3 Absolute $ Opportunity Assessment By Composition
6.2 Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Composition
6.2.1 Homogenous
6.2.2 Heterogeneous
6.3 Market Attractiveness Analysis By Composition
Chapter 7 Global Polyvinyl Chloride (PVC) Floor Market Analysis and Forecast BY End-Use
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities BY End-Use
7.1.2 Basis Point Share (BPS) Analysis BY End-Use
7.1.3 Absolute $ Opportunity Assessment BY End-Use
7.2 Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by End-Use
7.2.1 Commercial
7.2.2 Residential
7.3 Market Attractiveness Analysis BY End-Use
Chapter 8 Global Polyvinyl Chloride (PVC) Floor Market Analysis and Forecast By Sales Channel
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By Sales Channel
8.1.2 Basis Point Share (BPS) Analysis By Sales Channel
8.1.3 Absolute $ Opportunity Assessment By Sales Channel
8.2 Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Sales Channel
8.2.1 Manufacturer/Distributor/Service Provider
8.2.2 Aftermarket
8.3 Market Attractiveness Analysis By Sales Channel
Chapter 9 Global Polyvinyl Chloride (PVC) Floor Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Polyvinyl Chloride (PVC) Floor Analysis and Forecast
11.1 Introduction
11.2 North America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Product Type
11.6.1 Sheets
11.6.2 Vinyl Tiles (VT)
11.6.3 Luxury Vinyl Tiles (LVT)
11.7 Basis Point Share (BPS) Analysis By Product Type
11.8 Absolute $ Opportunity Assessment By Product Type
11.9 Market Attractiveness Analysis By Product Type
11.10 North America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Composition
11.10.1 Homogenous
11.10.2 Heterogeneous
11.11 Basis Point Share (BPS) Analysis By Composition
11.12 Absolute $ Opportunity Assessment By Composition
11.13 Market Attractiveness Analysis By Composition
11.14 North America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by End-Use
11.14.1 Commercial
11.14.2 Residential
11.15 Basis Point Share (BPS) Analysis BY End-Use
11.16 Absolute $ Opportunity Assessment BY End-Use
11.17 Market Attractiveness Analysis BY End-Use
11.18 North America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Sales Channel
11.18.1 Manufacturer/Distributor/Service Provider
11.18.2 Aftermarket
11.19 Basis Point Share (BPS) Analysis By Sales Channel
11.20 Absolute $ Opportunity Assessment By Sales Channel
11.21 Market Attractiveness Analysis By Sales Channel
Chapter 12 Europe Polyvinyl Chloride (PVC) Floor Analysis and Forecast
12.1 Introduction
12.2 Europe Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Product Type
12.6.1 Sheets
12.6.2 Vinyl Tiles (VT)
12.6.3 Luxury Vinyl Tiles (LVT)
12.7 Basis Point Share (BPS) Analysis By Product Type
12.8 Absolute $ Opportunity Assessment By Product Type
12.9 Market Attractiveness Analysis By Product Type
12.10 Europe Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Composition
12.10.1 Homogenous
12.10.2 Heterogeneous
12.11 Basis Point Share (BPS) Analysis By Composition
12.12 Absolute $ Opportunity Assessment By Composition
12.13 Market Attractiveness Analysis By Composition
12.14 Europe Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by End-Use
12.14.1 Commercial
12.14.2 Residential
12.15 Basis Point Share (BPS) Analysis BY End-Use
12.16 Absolute $ Opportunity Assessment BY End-Use
12.17 Market Attractiveness Analysis BY End-Use
12.18 Europe Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Sales Channel
12.18.1 Manufacturer/Distributor/Service Provider
12.18.2 Aftermarket
12.19 Basis Point Share (BPS) Analysis By Sales Channel
12.20 Absolute $ Opportunity Assessment By Sales Channel
12.21 Market Attractiveness Analysis By Sales Channel
Chapter 13 Asia Pacific Polyvinyl Chloride (PVC) Floor Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Product Type
13.6.1 Sheets
13.6.2 Vinyl Tiles (VT)
13.6.3 Luxury Vinyl Tiles (LVT)
13.7 Basis Point Share (BPS) Analysis By Product Type
13.8 Absolute $ Opportunity Assessment By Product Type
13.9 Market Attractiveness Analysis By Product Type
13.10 Asia Pacific Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Composition
13.10.1 Homogenous
13.10.2 Heterogeneous
13.11 Basis Point Share (BPS) Analysis By Composition
13.12 Absolute $ Opportunity Assessment By Composition
13.13 Market Attractiveness Analysis By Composition
13.14 Asia Pacific Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by End-Use
13.14.1 Commercial
13.14.2 Residential
13.15 Basis Point Share (BPS) Analysis BY End-Use
13.16 Absolute $ Opportunity Assessment BY End-Use
13.17 Market Attractiveness Analysis BY End-Use
13.18 Asia Pacific Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Sales Channel
13.18.1 Manufacturer/Distributor/Service Provider
13.18.2 Aftermarket
13.19 Basis Point Share (BPS) Analysis By Sales Channel
13.20 Absolute $ Opportunity Assessment By Sales Channel
13.21 Market Attractiveness Analysis By Sales Channel
Chapter 14 Latin America Polyvinyl Chloride (PVC) Floor Analysis and Forecast
14.1 Introduction
14.2 Latin America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Product Type
14.6.1 Sheets
14.6.2 Vinyl Tiles (VT)
14.6.3 Luxury Vinyl Tiles (LVT)
14.7 Basis Point Share (BPS) Analysis By Product Type
14.8 Absolute $ Opportunity Assessment By Product Type
14.9 Market Attractiveness Analysis By Product Type
14.10 Latin America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Composition
14.10.1 Homogenous
14.10.2 Heterogeneous
14.11 Basis Point Share (BPS) Analysis By Composition
14.12 Absolute $ Opportunity Assessment By Composition
14.13 Market Attractiveness Analysis By Composition
14.14 Latin America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by End-Use
14.14.1 Commercial
14.14.2 Residential
14.15 Basis Point Share (BPS) Analysis BY End-Use
14.16 Absolute $ Opportunity Assessment BY End-Use
14.17 Market Attractiveness Analysis BY End-Use
14.18 Latin America Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Sales Channel
14.18.1 Manufacturer/Distributor/Service Provider
14.18.2 Aftermarket
14.19 Basis Point Share (BPS) Analysis By Sales Channel
14.20 Absolute $ Opportunity Assessment By Sales Channel
14.21 Market Attractiveness Analysis By Sales Channel
Chapter 15 Middle East & Africa (MEA) Polyvinyl Chloride (PVC) Floor Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Product Type
15.6.1 Sheets
15.6.2 Vinyl Tiles (VT)
15.6.3 Luxury Vinyl Tiles (LVT)
15.7 Basis Point Share (BPS) Analysis By Product Type
15.8 Absolute $ Opportunity Assessment By Product Type
15.9 Market Attractiveness Analysis By Product Type
15.10 Middle East & Africa (MEA) Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Composition
15.10.1 Homogenous
15.10.2 Heterogeneous
15.11 Basis Point Share (BPS) Analysis By Composition
15.12 Absolute $ Opportunity Assessment By Composition
15.13 Market Attractiveness Analysis By Composition
15.14 Middle East & Africa (MEA) Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by End-Use
15.14.1 Commercial
15.14.2 Residential
15.15 Basis Point Share (BPS) Analysis BY End-Use
15.16 Absolute $ Opportunity Assessment BY End-Use
15.17 Market Attractiveness Analysis BY End-Use
15.18 Middle East & Africa (MEA) Polyvinyl Chloride (PVC) Floor Market Size and Volume Forecast by Sales Channel
15.18.1 Manufacturer/Distributor/Service Provider
15.18.2 Aftermarket
15.19 Basis Point Share (BPS) Analysis By Sales Channel
15.20 Absolute $ Opportunity Assessment By Sales Channel
15.21 Market Attractiveness Analysis By Sales Channel
Chapter 16 Competition Landscape
16.1 Polyvinyl Chloride (PVC) Floor Market: Competitive Dashboard
16.2 Global Polyvinyl Chloride (PVC) Floor Market: Market Share Analysis, 2019
16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
16.3.1 Armstrong Flooring
16.3.2 Forbo Flooring Systems
16.3.3 Gerflor
16.3.4 Hyundai L&C
16.3.5 LG HAUSYS
16.3.6 Mannington Mills, Inc.
16.3.7 Mohawk Industries, Inc.
16.3.8 Polyflor Ltd
16.3.9 Shaw Industries Group, Inc.
16.3.10 Tarkett