Fiberglass flooring is a type of flooring material reinforced with fiberglass, known for its strength and durability. It combines a core of fiberglass with resins or other materials to create a floor covering that can withstand heavy traffic, impacts, and environmental stressors. This type of flooring is often used in industrial, commercial, and residential applications where durability and resistance to wear and tear are essential. Fiberglass flooring is also valued for its ease of maintenance and longevity.
Market Overview
Fiberglass Flooring Market reached US$ 784.6 million in 2022 and is expected to reach US$ 1254.4 million by 2031, growing with a CAGR of 6.1% during the forecast period 2024-2031.
Fiberglass is becoming increasingly prevalent in the construction and infrastructure sectors due to its durability and resistance to harsh environmental conditions. It is widely used in applications such as roofing and rebar replacement, which contributes to the growth of the fiberglass flooring market.
Fiberglass flooring is also crucial in the production of wind turbine blades, and the rising demand for wind turbines driven by the growth of renewable energy sources further boosts this market. Additionally, fiberglass-reinforced plastics are used in various consumer products, including sports equipment and furniture. The expansion of the electronics industry also impacts the demand for fiberglass flooring.
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Market Dynamics
Increasing Demand for Durable and Long-Lasting Flooring
Fiberglass flooring is highly durable and resistant, making it an attractive option for consumers and industries looking for flooring solutions that can endure heavy foot traffic, impacts, and environmental stressors. Its exceptional durability is positioning fiberglass flooring as a preferred choice in the market.
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Competitive Landscape
- TOLI Floor Corporation
- IVC Group
- Mannington Mills
- Shaw Floors
- NOX Corporation
- Milliken
- Armstrong World Industries
- Gerflor
- Tarkett
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