Adroit Market Research - Industry Insights

As the name is self-explanatory, resilient flooring are robust floor designs that are commonly built with materials such as rubber and PVC to offer superlative features such as hassle free, easy walks, besides being non-absorbent and convenient to use and are low maintenance. On the back of rapidly growing construction sector, need for superlative floor designs and materials remain integral, thereby prompting demands in resilient flooring market. Considering the massive rise in demands, coupled with consumer preferences for specific floor types, resilient flooring is diversified into various categories such as linoleum flooring, rubber flooring, as well as various types of PVC flooring.

Optimistic outlook in infrastructure development across countries, more emphatically amongst emerging economies, also backed by improved disposable income, mushrooming middle-class population, as well as rapid strides in both commercial as well as residential construction are poised to lend ample growth impetus towards greater adoption of resilient flooring. Pervasive urbanization and a seismic shift of rural and sub-urban populations into developed economies are poised to elevate infrastructure development scenarios, thereby augmenting large scale adoption and concomitant growth in global resilient flooring market.

Growing consumer demands for green construction has augmented reliance on novel flooring materials which are not merely eco-friendly but also offer additional benefits such as renewability, recyclability, minimal toxicity, high resilience, and negligible maintenance needs. These factors are some of the most sought after features of green flooring.

Hence, topping the list of eco-friendly floor designs is resilient flooring which have linoleum and cork as major variants of resilient flooring. Owing to consumer preferences for improved construction patterns, with minimal carbon trail and associated implications, several federal governments are positioning renewed construction stringency, such as green construction. The US in a recent development has facilitated advances in LEED which essentially is Leadership in Energy and Environmental Design to comply with concurrent advances in green construction.

Reconstruction and Refurbishment Activities to Bode Well with resilient Flooring Market Growth

Construction flooring materials are poised to witness substantial improvements in terms of design efficiency as well as material designs. Such advances are deemed to offer rife growth triggers in resilient flooring market. Also, tremendous advances in reconstruction activities are further anticipated to boost growth in the forthcoming years.

Reconstruction of infrastructure is a major growth propellant for building and construction activities, also lending substantial impetus towards growth of resilient flooring market. Routine audits of infrastructure developments is parallel to new construction projects. Hence, maintaining optimal building standards is highly crucial and recommended for major reconstruction programs, which further push growth in resilient flooring market. Several reconstruction projects are facilitated to offset the implications of post war tragedy besides aging conditions and natural calamities. These progressive advances are likely to echo favorable growth ratios in resilient flooring space.

Government interventions towards rapid reconstruction projects offers a major growth fillip towards resilient flooring market. IN a recent development, the World Bank has extended substantial aid for reconstruction endeavors across Haiti after a major earthquake disaster in the region. The project aided adequate reconstruction of major functional institutions such as government institutions and public buildings. Such developments are further perceived to lend palpable growth towards resilient flooring market.

Construction sector is witnessing significant advances at the global front, amalgamating both developed as well as developing economies. In a recent report, owing to massive boom in construction sector, the US has affirmed a significant rise in construction employment, as reported by the Bureau of Labor Statistics. Improved construction employment in the US is directly proportional to advances in construction sector, thereby significantly impacting resilient flooring market.

Rapid Urbanization across Emerging Economies to Bolster Construction in APAC

APAC region at the backdrop of such far flung developments are likely to keep growth constant in construction. Several contributing factors such as improved healthcare and education infrastructures, coupled with a strong thrust in IT development have propelled magnanimous advances in infrastructure development, thus mimicking potential growth upsurge in resilient flooring market. On similar lines, transport development, commercial development, and construction of recreational hubs are further anticipated to keep growth trajectory soaring in resilient flooring market.

Convenient features of resilient floors in terms of design efficiency, maintenance, and seamless installation are likely to accelerate adoption rates of resilient flooring market in the near future. Latest reports from OECD specify that APAC region will continue to witness relentless growth in construction sector, on the back of emerging commercial facilities and improved economic conditions which are further anticipated to increase consumption of resilient flooring materials.

Migration of rural and sub-urban populations into the urban fringes are likely to have a direct impact on infrastructure development, followed by growth in resilient flooring. Countries such as China is expected to witness massive leaps in urbanization. According to a recent report, China's strides in pervasive urbanization is anticipated to remain steady, allowing China to have over 70% rise in gross urbanization states National Academy of Economic Strategy, China. Therefore, backed by favorable urbanization growth in China, construction and infrastructure development will continue to be overtly lucrative, reflecting associated growth in resilient flooring market in the near future.

Resilient flooring has emerged over the years to substitute for traditional hard floor types such as marble, stone, slate, brick and the like. These floor types have been long associated with a range of bottlenecks such as lack of elasticity and immensely cost intensive nature. Growing demands for resilient flooring has emerged to suit specific needs across commercial sector encompassing arrange of activities and applications such as commercial sector. As need for recreational applications such as sports and dance activities soar, demands for resilient flooring is estimated to remain amply remunerative.