Fiberglass Flooring Market - Forecast(2023 - 2028)

Report Code: CMR 92614 Report Format: PDF + Excel

Fiberglass Flooring Market Overview

Fiberglass Flooring Market is expected to be valued at $1.2 billion by the end of the year 2026 after growing at a CAGR of 7% during the forecast period from 2021-2026. The growing construction sector is the major factor driving the growth of fiberglass flooring market. Fiberglass helps in facilitating easy and quicker installation of flooring, which is also contributing to the increase in demand for fiberglass flooring. Rapid expansion in various industries coupled with capacity addition in these industries is also hugely driving the fiberglass flooring market. Fiberglass flooring such as vinyl composite tiles and vinyl sheets are easy to be installed, do not get affected by temperature changes, and do not require any permanent adhesives to be stuck on. These are some of the major advantages and properties that are contributing to the growth of the fiberglass flooring market.

COVID-19 Impact

Amid the Covid-19 pandemic, there has been a sudden decrease in the demand for the fiberglass flooring market, owing to the slowdown and closing of many economies. The production and supply chain management of the fiberglass flooring market has been hugely impacted. With the reviving of many economies towards the end of the year 2020, the fiberglass flooring market is set to witness a gradual increase in the year 2021.

Report Coverage

The report: “Fiberglass Flooring Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fiberglass Flooring Industry.

By Product Type: Vinyl Tiles, Vinyl Composite Tiles, Vinyl Sheet, Vinyl Planks, Interwoven Vinyl Tiles and Others.
By Form: Carpet, Lamination, Tiles & Stones, Modular Flooring, Carpet Rolls and Tracks.
By Application: Sporting Floor, Anti-Microbial Floor, Flooring in Aircrafts, Insulation activities, Surface Coating, Cladding and Others.
By End-Use Industry: Residential construction, Commercial construction and Industrial construction.
By Geography: North America, South America, Europe, Asia-Pacific, and Rest of the world.

Key Takeaways

  • Asia-Pacific market held the largest share in the fiberglass flooring market owing to the increase in usage of fiberglass for flooring purposes in the construction industry. 
  • The increase in demand for commercial spaces such as malls, theatres, leisure centers etc., are also hugely driving the fiberglass flooring market.
  • The rapid expansion and capacity addition in various industries is also driving the fiberglass flooring market.


FIGURE: Fiberglass Flooring Market Drivers Revenue, 2020-2026 (US$ Billion)

Fiberglass Flooring Market Drivers Revenue, 2020-2026

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Fiberglass Flooring Market Segment Analysis – By Product Type

Vinyl Composite Tiles segment held the largest share in the fiberglass flooring market in the year 2020 growing at a CAGR of 6.8% during the forecast period 2021-2026. The growth of vinyl composite tiles can be linked to the increasing adoption of these tiles in commercial spaces such as offices, wellness centers, leisure centers, hospital facilities, malls, theaters etc., The reason for the preference of vinyl composite tails is due to the ease of maintenance, high longevity, low environmental impact and high stability. These benefits offered by the vinyl composite tiles is the major factor driving the vinyl composite tiles segment.

Fiberglass Flooring Market Segment Analysis – By Form

The Lamination segment held the largest share in the fiberglass flooring market in the year 2020. Laminated flooring is gaining momentum in the recent days owing to the increase in adoption of installing laminated vinyl flooring in commercial spaces like malls, theaters, offices, hospitals, etc., Laminated flooring is water-resistant, easy to maintain, easy to install and is also cost effective. Laminated vinyl flooring/ vinyl sheets also enhance the appearance of the facility, giving it a rich look. The enhanced look coupled with the various benefits offered by the laminate vinyl flooring/vinyl sheets is the main reason behind the growth of laminate vinyl flooring/vinyl sheets segment.

Fiberglass Flooring Market Segment Analysis – By Application

Sporting floor segment held the largest share of the fiberglass flooring market in the year 2020 growing at a CAGR of 7.2% during the forecast period 2021-2026. Vinyl flooring is most preferred in sporting facilities owing to the properties of vinyl sheets floor such as high weight tolerance, waterproof and easy to maintain. Vinyl flooring/viny sheets are also typically affordable compared to other types of flooring. Additionally, fiber-reinforced plastic is also widely preferred for flooring activities in such spaces due to their superior thermal resistance, tensile strength and fatigue resistance properties. Fiber-reinforced plastic is also resistant to changes in the temperature and humidity, and does not deteriorate with the change in the temperature. Fiber-reinforced plastic flooring solutions is also highly preferred in many leisure and recreational facilities due to the various advantages offering.

Fiberglass Flooring Market Segment Analysis – By End-Use Industry

Commercial construction held the largest share in the fiberglass flooring market in the year 2020. The increase in the requirement for commercial spaces is driving the growth of the commercial construction sector. The changes in the lifestyle of the people across the globe has led to the increase in demand for recreational facilities, leisure facilities, entertainment facilities etc. For an instance, the market size of amusement parks in the US is $3000 million and UK is $1324 million and the market size of sports facility in US is $30 billion and in UK is $8 billion which shows the increasing trend for the growth of commercial spaces.

Fiberglass Flooring Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 30% in the fiberglass flooring market in the year 2020. The growth in the commercial construction sector in countries like China, India and South Korea is driving the growth of fiberglass flooring market in the region. Asia pacific region is expected to account for 46% of the total global commercial construction spending. The increase in demand for recreational facilities, leisure facilities, offices and other commercial spaces owing to the changes in the lifestyle and the living standards of the people is hugely driving the fiberglass flooring market.

Fiberglass Flooring Market Drivers

Growing construction sector

The growth in the construction sector in the recent days is driving the demand for fiberglass flooring market. For an instance, the commercial construction sector has grown up to 9% in the year 2019 in the US. The estimated growth of global construction sector in the year 2020 is 3.1%. The increasing demand for various infrastructures and facilities owing to the changes in lifestyles and technology up gradation has driven the fiberglass flooring market hugely. Furthermore, the advantages offered by fiberglass flooring market such as easier maintenance, low cost and damage resistance is making it a preferred type of flooring in many commercial spaces. This is one of the major factors driving the fiberglass flooring market. 

Capacity addition in various industries

The increase in capacity addition in various industries for warehousing, assembling products, etc., has driven the need and demand for fiberglass flooring market. The increase in need for storing inventories and facilitating smooth delivery and transfers of stock has increased the demand for increasing the capacity facilities, which in turn has led to the increase in demand for fiberglass flooring market. Fiberglass flooring is very suitable for temporary set ups since they can be laid easily and also removed easily. 

Fiberglass Flooring Market Challenges

Difficulty in sourcing raw materials

The primary raw materials used for manufacturing fiberglass include epoxy resins, polyester resins, and glass fibers. These raw materials are sourced from carbon compounds and petroleum. But it is also difficult to be sourced and the process is very complex and lengthy. Therefore, this makes fiberglass expensive owing to the complex manufacturing process and technology, which is one of the biggest challenges to the fiberglass flooring market.

Fiberglass Flooring Industry Outlook

Acquisitions and mergers, new product launches, expansions, collaborations and investments are some of the key strategies adopted by players in the Fiberglass Flooring Market. Major players in the Fiberglass Flooring Market include:

  1. Milliken
  2. Shaw Floors
  3. Gerflor
  4. Tarkett
  5. Mannington Mills
  6. NOX Corporation
  7. Armstrong World Industries
  8. IVC Group
  9. Interface Inc.
  10. Nora Systems among others.

Acquisitions/Technology Launches

  • On November 27, 2019, Phenix Flooring, Pharr Fibres and Yarnn from Pharr, US was acquired by Manning Mills. The goal of the acquisition was to integrate the technology and aesthetics of the involved companies and strengthen the position of Manning Mills in the US. 

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1. Fiberglass Flooring Market- Market Overview
    1.1 Definitions and Scope
2. Fiberglass Flooring Market - Executive Summary
    2.1 Key trends by Product Type
    2.2 Key trends by Form
    2.3 Key trends by Application
    2.4 Key trends by End-Use Industry
    2.5 Key trends by Geography
3. Fiberglass Flooring Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Fiberglass Flooring Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Fiberglass Flooring Market – Industry Market Entry Scenario Premium Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Fiberglass Flooring Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Fiberglass Flooring Market – By Product Type (Market Size -$Billion)
    7.1 Vinyl Tiles
    7.2 Vinyl Composite Tiles
    7.3 Vinyl Sheet
    7.4 Vinyl Planks
    7.5 Interwoven Vinyl Tiles
    7.6 Others
8. Fiberglass Flooring Market – By Form (Market Size -$Billion)
    8.1 Carpet
    8.2 Lamination
    8.3 Tiles & Stones
    8.4 Modular Flooring
    8.5 Carpet Rolls
    8.6 Tracks
9. Fiberglass Flooring Market – By Application (Market Size -$Billion)
    9.1 Sporting Floor
    9.2 Anti-Microbial Floor
    9.3 Flooring in Aircrafts
    9.4 Insulation activities
    9.5 Surface Coating
    9.6 Cladding
    9.7 Others
10. Fiberglass Flooring Market – By End-Use Industry (Market Size -$Billion)
    10.1 Residential construction
        10.1.1 Independent homes
        10.1.2 Row homes
        10.1.3 Large apartment buildings
    10.2 Commercial construction
        10.2.1 Hospitals and Healthcare Infrastructure
        10.2.2 Educational Institutes
        10.2.3 Hotels and Restaurants
        10.2.4 Banks and Financial Institutions
        10.2.5 Airports
        10.2.6 Hyper and Super Market
        10.2.7 Shopping Malls
        10.2.8 Others
    10.3 Industrial Construction
11. Fiberglass Flooring Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Fiberglass Flooring Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Fiberglass Flooring Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Fiberglass Flooring Market – Key Company List by Country Premium Premium Premium
15. Fiberglass Flooring Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Residential Market 2019-2024 ($M) - Global Industry Research
1.2 Commercial Market 2019-2024 ($M) - Global Industry Research
1.3 Industrial Market 2019-2024 ($M) - Global Industry Research
2.Global Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
2.1 Residential Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Commercial Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
3.1 Residential Market 2019-2024 ($M) - Regional Industry Research
3.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
3.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
4.South America Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
4.1 Residential Market 2019-2024 ($M) - Regional Industry Research
4.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
4.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
5.Europe Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Residential Market 2019-2024 ($M) - Regional Industry Research
5.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
5.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
6.APAC Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Residential Market 2019-2024 ($M) - Regional Industry Research
6.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
6.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
7.MENA Fiberglass Flooring Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Residential Market 2019-2024 ($M) - Regional Industry Research
7.2 Commercial Market 2019-2024 ($M) - Regional Industry Research
7.3 Industrial Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Fiberglass Flooring Market Revenue, 2019-2024 ($M)
2.Canada Fiberglass Flooring Market Revenue, 2019-2024 ($M)
3.Mexico Fiberglass Flooring Market Revenue, 2019-2024 ($M)
4.Brazil Fiberglass Flooring Market Revenue, 2019-2024 ($M)
5.Argentina Fiberglass Flooring Market Revenue, 2019-2024 ($M)
6.Peru Fiberglass Flooring Market Revenue, 2019-2024 ($M)
7.Colombia Fiberglass Flooring Market Revenue, 2019-2024 ($M)
8.Chile Fiberglass Flooring Market Revenue, 2019-2024 ($M)
9.Rest of South America Fiberglass Flooring Market Revenue, 2019-2024 ($M)
10.UK Fiberglass Flooring Market Revenue, 2019-2024 ($M)
11.Germany Fiberglass Flooring Market Revenue, 2019-2024 ($M)
12.France Fiberglass Flooring Market Revenue, 2019-2024 ($M)
13.Italy Fiberglass Flooring Market Revenue, 2019-2024 ($M)
14.Spain Fiberglass Flooring Market Revenue, 2019-2024 ($M)
15.Rest of Europe Fiberglass Flooring Market Revenue, 2019-2024 ($M)
16.China Fiberglass Flooring Market Revenue, 2019-2024 ($M)
17.India Fiberglass Flooring Market Revenue, 2019-2024 ($M)
18.Japan Fiberglass Flooring Market Revenue, 2019-2024 ($M)
19.South Korea Fiberglass Flooring Market Revenue, 2019-2024 ($M)
20.South Africa Fiberglass Flooring Market Revenue, 2019-2024 ($M)
21.North America Fiberglass Flooring By Application
22.South America Fiberglass Flooring By Application
23.Europe Fiberglass Flooring By Application
24.APAC Fiberglass Flooring By Application
25.MENA Fiberglass Flooring By Application
26.Ivc Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Mannington Mills, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Shaw Floor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nox Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Milliken, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Armstrong Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Gerflor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Tarkett, Sales /Revenue, 2015-2018 ($Mn/$Bn)