The U.S. resilient flooring market size is expected to reach USD 65.2 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 15.2% in terms of revenue, during the forecast period. Increase in construction of single family dwellings, boosting the overall residential construction is expected to drive the market growth.
The technological advancements in the industry have resulted in the production of stable cores along with resilient flooring products having scratch and scuff resistance and noise mitigation properties. The advancements in printing technologies, such as digital printing, aid manufacturers to provide a variety of patterns along with realistic visuals such as tiles and woods.
The market is expected to witness internal threat of substitution, where polyvinyl chloride is anticipated to witness linoleum. The volatility of raw material prices, including polyvinyl chloride, which can be attributed to the fluctuations in crude oil prices is anticipated to impact the industry growth.
The market players focus mainly on innovation for developing eco-friendly, cost-effective, durable, and low-maintenance flooring solutions for a wide range of applications. Furthermore, majority of companies offer installation and post-installation services. Brand loyalty and brand recognition play an important role in boosting the company’s market share.
Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/us-resilient-flooring-market
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