Global Flooring Foam Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 2.5 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Flooring Foam Definition:
Flooring Foam is the foam spread over the floor naturally light and easy to move. Flooring Foams are waterproof, stain-resistant, shock-absorbent and provide anti-fatigue properties. They are designed for comfort, padding and insulation.
Global Flooring Foam Market Dynamics:
Increasing awareness relating to health among consumers, health and fitness industry is the main driving factor for the growth of the Global Flooring Foam Market. The number of fitness enthusiasts, health club businesses are also increasing, which has increased the number of customers of flooring foams. For leveraging more benefits of various fitness applications, the fitness coaches and health clubs are using foam flooring on a large scale. Flooring Foams are cost-effective and are easy to handle.
Increasing investment of government in private and public infrastructure development worldwide has increased the use of flooring foam. Flooring Foam is considered as UV stable and resistant to ozone effects and can withstand different weather conditions, which acts as the main driving factor for the growth of the Global Flooring Foam Market.
Flooring Foams are also used in different fields such as medical, fashion, and others. Flooring Foam acts as an alternative to spandex in the fashion industry. Flooring foams are resistant to chemicals and oils because of, which they are highly used by the foodservice industry indoor work.
Flooring Foam is also used in the automotive industry because of its property of resistance to a variety of petroleum-based diluents. Flooring Foam reduces the rate of wear of individual machine parts, which is very beneficial for the automotive industry, which is expected to contribute to the growth of the Global Flooring Foam Market.
The availability of substitutes of different types of foams is expected to hamper the growth of the Global Flooring Foam Market during the forecast period. Advancements in materials and socio-economic changes among the consumers have encouraged manufacturers to design, produce and introduce different foams to meet customer expectations.
Global Flooring Foam Market Segment Analysis:
The report groups the Global Flooring Foam Market in different segments by Type, End-Use, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
Global Flooring Foam Market
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Based on End Use, the Global Flooring Foam Market is segmented into Gyms, Playground, Sports Room, Tradeshow Floors and Other. The Gym segment was dominant in 2019 and is expected to command a market share of xx% by 2026. The increasing trend of fitness have increased the number of gyms and the trend of home gyms have also increased, which is contributing to the growth of the flooring foam demand.
An increase in the health and fitness industry due to health consciousness and shift towards a healthy lifestyle have boosted the growth of flooring foam. Because of the advantages like lightweight, shock absorbent, affordable and easy to clean flooring foams are preferred on a large scale by the customers. The increase in the construction industry has also increased the demand for flooring foams.
Based on Type, the Global Flooring Foam Market is segmented into Polyethylene, Ethylene Vinyl Acetate and Polyurethane. The Ethylene Vinyl Acetate segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Ethylene-vinyl acetate demand is high in comparison to other types because Ethylene-vinyl acetate foams are resistant to UV rays and are also glossy appearance.
Global Flooring Foam Market Regional Insights:
Global Flooring Foam Market 1
North America is expected to command the largest market share of xx% by 2026
In developed economies of North America like the US and Canada, the increased standards of living and rising disposable income have driven the growth of the Global Flooring Foam Market. Increasing industrialization and urbanization are also the main driving factors for the growth of the use of Flooring Foam in the region. The government have increased their spending on the construction of public and industrial infrastructure have boosted the growth of the usage of Flooring Foam in the region.
The objective of the report is to present a comprehensive analysis of the Global Flooring Foam Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Flooring Foam Market dynamics, structure by analyzing the market segments and projects the Global Flooring Foam Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the
Global Flooring Foam Market Market the report investor’s guide
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Global Flooring Foam Market 2
Global Flooring Foam Market Key Players
- The Parallax Group International
- Toray Plastics (America)
- Dunlop Living Limited
- Future Foam
- Polyflor Ltd
- Life Floor
- The Rubber Company
- Vita Group
- Power Dekor
- Alanto Ltd.
- E. I. du Pont de Nemours and Company
- Denka Company Limited
- Shanxi-Nairit Synthetic Rubber Co. Ltd
- FOAMTECH Ltd.
- Rubberlite, Inc.
- Clark Foam Products
- Sedo Chemicals Neoprene GmbH
- Lauren Manufacturing
- Wisconsin Foam Products
- Williams Products
- GCP Industrial Products
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