PUNE, India, Jan. 29, 2021 /PRNewswire/ – According to a recent market study published by Growth Market Reports (GMR), titled, “Polyvinyl Chloride (PVC) Floor Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast”, the market was valued at USD 13,752.0 million in 2019 and is expected to grow at a healthy growth rate of 5.4% by the year 2027. In terms of volume, the market is estimated to grow at 4.8% during the forecast period. The global polyvinyl chloride (PVC) floor market is anticipated to grow owing to increasing population and urbanization, rising construction activities in the developing countries, and growing infrastructural projects across the globe.
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The global polyvinyl chloride (PVC) floor market has been fragmented based on product type, compositions, end-uses, sales channels, and region. Based on product type, the polyvinyl chloride (PVC) floor market is categorized into sheets, vinyl tiles ( VT), and luxury vinyl tiles (LVT). Based on compositions, the market has been bifurcated into homogeneous and heterogeneous. Based on end-uses, the market has been divided into commercial and residential. Based on sales channels, the market has been segmented into manufacturer/distributor/service provider and aftermarket. Based on region, the global polyvinyl chloride (PVC) floor market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as US, and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, an d Rest of Asia Pacific. The Europe region is further categorized into UK, France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into GCC, South Africa, and Rest of Middle East & Africa (MEA).
In year 2020, the polyvinyl chloride (PVC) floor market is expected to witness the decline in the growth due to COVID 19 pandemic. Recent outbreak of Covid-19 has had a major impact on various industries across the globe. Polyvinyl chloride (PVC) floor is used prominently in hospitals, schools, offices, and hotel lobbies. The recent crisis of novel coronavirus disease across the world is showing major impact on various businesses. The partial and complete lockdowns across the globe has resulted in the shutdown of schools, colleges , offices, hotels, and restaurants. Thus, the demand for PVC floor is expected to decrease in the near future.
Read 175 Pages Research Report With TOC on “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) Size, Share And Trends”
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Post time: May-16-2021