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Linoleum Flooring Market Segmented By type, application, product, and technology
Linoleum is a type of floor covering which is made from renewable materials such as wood flour, ground cork dust, pine rosin, solidified linseed oil, and mineral fibers such as calcium carbonate. It is an environmental-friendly choice in the modern flooring industry and is used in various commercial, industrial, and residential applications.
The market for linoleum flooring has been gaining significant importance over the past few years, majorly due to the availability of the necessary renewable raw materials in abundant quantities. In addition, linoleum flooring has found widespread acceptance owing to its ease of installation and maintenance.
The major growth factor for linoleum flooring in developed economies such as the U.S. has been due to the rebound of residential construction. Meanwhile, rise in overall construction activities and growing per capita incomes in emerging regions such as Asia Pacific, have been contributing to the growth of the linoleum market.
Increasing popularity of green buildings is expected to boost the demand for linoleum flooring over the next few years. However, increasing substitution of linoleum by polyvinyl chloride (PVC) in flooring applications is expected to slow down the growth of the market. Although PVC and linoleum share similar properties, PVC has greater translucency and brightness and is relatively less flammable making it safer to use.
Apart from their aesthetic appeal and durability, constant advancements and innovation in designing and production methods bode well for market growth providing new opportunities for the growth of the market. North America was the largest consumer for linoleum flooring owing to its vast construction industry as well as rising motor vehicle production.
Future market growth is expected to be from Asia Pacific on account of the rising construction activities in emerging economies such as China and India.
Armstrong World Industries, Inc. (AWI), Anderson Hardwood Floors, Balta Industries NV, Beaulieu Group LLC, Dare Technology Company Limited, Ecoloc, Florida Tile, Gerflor Group, and Krono Holding AG are some of the key manufacturers of linoleum flooring present in the industry.