Market Research Report
Soft Covering Flooring Market Size, Share & Trends Analysis Report By Product (Carpet Tiles, Broadloom), By Application (Residential, Commercial), By Region, and Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||352299|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Soft Covering Flooring Market Size, Share & Trends Analysis Report By Product (Carpet Tiles, Broadloom), By Application (Residential, Commercial), By Region, and Segment Forecasts, 2019 - 2025|
|Published: February 4, 2019||Content info: 90 Pages||
The global soft covering flooring market size is expected to reach USD 105.54 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 3.2% during the forecast period. Increasing commercial construction activities coupled with commercial replacements in developing economies from Asia Pacific and Middle East & Africa is expected to drive growth.
The primary raw material used for manufacturing soft covering flooring is the bulk continuous filament for yarn made of synthetic fibers including nylon, polyester, triexta, and polypropylene. The major manufacturers use 100% recycled nylon for the production of carpets and rugs with focus on reducing environmental footprint.
Fluctuating prices of raw materials owing to varying market conditions have significant impact on the final price of the products. Carpet manufacturing companies engage in vertical integration to avoid adverse effects of interruption of raw material supply, such as nylon fibers, on manufacturing operations of soft covering flooring.
Increasing investment in R&D activities by major players for product innovation, design, and service is expected to positively impact growth of the soft covering flooring market. Technological innovations aimed at providing a variety of dying technologies to create different patterns, solid colors, and design continuity are projected to contribute to product demand.