PUBLISHER: Grand View Research | PRODUCT CODE: 1404571
PUBLISHER: Grand View Research | PRODUCT CODE: 1404571
The global fiberglass flooring market size is expected to reach USD 1.22 billion by 2030, according to a new report conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2023 to 2030. The growing application in industrial, residential, and commercial buildings owing to the longer lifespan of floors coupled with better aesthetics will drive growth over the upcoming years. Moreover, the rising demand for residential buildings in light of population growth, increasing income levels, and favorable government initiatives will aid in industry development.
The usage of these products in the industrial sector will witness substantial revenue rise at a CAGR of 6.8% from 2016 to 2025. Factors such as low maintenance and anti-allergen are expected to spur the demand for these products over the upcoming years. Strong growth in the construction industry in emerging countries such as China, India, Singapore, Brazil, Thailand, Indonesia, Mexico, UAE, South Africa, Saudi Arabia, Qatar, and South Korea will create growth opportunities for the market in the future.