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.
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.
The global Vinyl Tile market is valued at 7390 million US$ in 2018 is expected to reach 10400 million US$ by the end of 2025, growing at a CAGR of 4.3% during 2019-2025.
This report focuses on Vinyl Tile volume and value at global level, regional level and company level. From a global perspective, this report represents overall Vinyl Tile market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Luxury Vinyl Tile (LVT)
Vinyl Composite Tile (VCT)
Others
Segment by Application
Commercial Use
Residential Use
Summary:
Get latest Market Research Reports on Vinyl Tile . Industry analysis & Market Report on Vinyl Tile is a syndicated market report, published as Global Vinyl Tile Market Research Report 2019. It is complete Research Study and Industry Analysis of Vinyl Tile market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.