The report shows that the vinyl flooring market is projected to reach USD 49.79 billion by 2027. Rising demand is anticipated by factors such as high strength, excellent water resistance, and the lightweight properties offered by the product are expected to drive its demand over the forecast period in residential and commercial construction projects. These products are commercially available in several colors, textures, and design patterns and have attracted the attention of consumers for the past couple of years. In addition, the product is gaining recognition among consumers due to its visual resemblance to products made from concrete, natural stone, and wood flooring and significantly low cost. Luxury Vinyl Tiles is projected to witness a remarkable rate of growth due to the product’s affordability, low maintenance, excellent water resistance, and easy to clean properties.

The vinyl flooring, because of their low noise levels and easy maintenance, is considered to be ideal for high traffic applications such as restaurants, cafes, and offices.The aesthetically pleasing design and easy maintenance are features expected to drive the popularity of wood flooring and laminate flooring. Advances in construction and printing techniques have increased the popularity of laminated floors and made them more popular across the globe.