Wednesday, 24 October 2018

Technological Advancements in Aerospace Sector is Likely to Boost the Market Growth

25-October-2018: According to a report published by Grand View Research, Inc.; the aerospace floor panels market is likely to reach a valuation of around USD 554.4 million by 2025.

Advanced Materials

Factors such as growing aerospace industry, increasing air passenger traffic, and growing expenditure for defense can propel the market during the forecast period (2014 to 2025).

Technological advancements in aerospace sector is likely to boost the market growth in the coming years. Several research agencies have been conducting research and development (R&D) activities and are making high investments in these floor panels. This is expected to create positive outlook for the market.  In addition, technological developments associated with honeycombs have assist to discover new approaches for manufacturing lightweight and high-strength honeycomb cores.

Worldwide aerospace floor market can be divided into raw material, aircraft type, end-use, and region. As per raw material, the market can be bifurcated into aluminum honeycomb, Nomex honeycomb, and others. In 2016, Nomex honeycomb segment estimated for 71.0% of the overall market. These materials are lightweight and comprises variety of applications due to its better strength and stiffness. The material is also compatible with several adhesives and are thermally insulating. These materials are corrosion-resistant, self-extinguishing, and possess outstanding dielectric properties. Based on aircraft type, the market can be split into narrow body aircraft, wide body aircraft, and very large aircraft (VLA). The military aircraft segment is expected to expand with the fastest CAGR of 7.2% in terms of revenue during 2017 to 2025 due to growing expenditure for defense. In 2016, Narrow body aircraft segment captured 70.5% of the overall market. These aircraft are extensively used for short-haul operations. Growing use of these planes for domestic transport is anticipated to support the growth. The wide body aircraft segment is anticipated to show rapid growth during the forecast period. These aircraft are extensively designed for carrying several passengers instead of operating many small planes. The segment is likely to grow with increasing air passenger traffic in regions including Europe, North America, and Europe. On the basis of end-use, the market can be classified into business jets, commercial aviation, and military aircraft. In 2016, commercial aviation segment estimated for the largest market revenue share of 59.4%. Increasing number of air passenger is driving the growth of this segment. This trend is also likely to continue during the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. 

Asia Pacific is likely to display substantial growth during the forecast period due to growing demand for different air crafts in China and India. The region is expected to grow at CAGR of 6.7% during 2017 to 2025. This growth can be associated with robust growth in air traffic and increasing defense spending in the region specially, in countries including China and India. Optimistic political events like better trade relation between China and India have supported the business growth in these countries, thus increased the number of air travel for business purpose. Additionally, growing tourism activities in these countries is also expected to increase the number of air passenger. In emerging countries such as India, airfares are comparatively affordable, therefore it is most favorite tourist destinations among the visitors.

North America is considered as one of the attractive markets. The U.S. market is expected to grow at a CAGR of 5.9% during 2017 to 2025. The aerospace sector in the region is anticipated to increase demand for defense aircrafts in the coming years. Since the U.S government is taking efforts to increase the defense expenditure for expanding their capabilities with advanced defense aircrafts and ships.

Prominent players operating in the market include The Nordam Group Inc.; Rockwell Collins Inc.; AIM Aviation Ltd.; Triumph Group Inc.; and Zodiac Aerospace. Market participants are mainly focusing on new product development, partnerships, and merger and acquisition with other players to increase their share in the market.

In-Depth Research Report On Aerospace Floor Panels Market:
https://www.grandviewresearch.com/industry-analysis/aerospace-floor-panels-market

Aerosol Refrigerants Market Hit USD 1.57 billion by 2025 : Grand View Research, Inc.

25-October-2018: According to the findings of a research report published by Grand View Research, Inc.; the global aerosol refrigerants market is likely to reach a valuation of USD 1.57 billion by 2025. The market is anticipated to expand at a healthy growth rate of 6.3 % during the forecast period i.e., from 2018 to 2025. Rise in demand for large-scale air conditioner systems, refrigerators, and chillers across the world is estimated to be the major driver for the market over the next few years. Moreover, demand for natural refrigerants due to the growing awareness regarding environment protection is also projected to have a positive impact on the global market development. Thus, the advent of technologically improved products that cause no possible environmental damage is considered as the key trend in the global market.

Aerosol Refrigerants Market

Rapidly increasing number of supermarket retail chains along with the implementation of CO2 cascade technology in cooling solutions is also fueling the market development. On the other hand, fluctuating prices of raw materials such as actuators propellants and cans may have a negative impact on the market growth. However, aerosol refrigerants provide energy-efficient cooling solutions to various end-user industries and this is estimated to augur well for the global market. In addition, rapidly expanding e-commerce industry is also expected to contribute toward the growth of this market. Furthermore, development of advanced cold chains filled with propane-based refrigerants is also expected to boost the product demand in the next few years.

Worldwide aerosol refrigerants market can be segmented on the basis of product and region. As per product, the market can be bifurcated into steel and aluminum. The demand for steel is likely to increase due to high adoption in packaging of hydrocarbon-based refrigerants. Furthermore, increasing efforts for recycling cans would also boost the segment demand. The segment is expected likely to register a CAGR of 4.4 % during the forecast period. The aluminum segment would also witness a significant growth in the future due to its high corrosion resistance, better portability, and exceptional barrier properties against UV light and moisture. Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

Asia Pacific is estimated to register significant growth rate from 20018 to 2025 due to escalating demand for refrigeration products as a result of rapid industrialization and urbanization. High demand for household products like refrigerators due to increased per capita income levels is also expected to create positive outlook for the aerosol refrigerants market in the region. Japan, in particular, is anticipated to have high growth in the Asia Pacific region. Growing government efforts to encourage the use of natural products is expected to drive the product demand in the country. The Chinees market is expected to have a steady expansion due to the presence of large number of refrigeration and cooling equipment manufacturers.

The US regional market for aerosol refrigerants is estimated to expand at a strong growth rate of 6.5 % from 2018 to 2025. It is considered as the major market in North America due to high product demand in the residential and industrial applications. In addition, mobile air conditioning and commercial refrigeration industries are expected to grow significantly in this region over the forecast period due to rising adoption of the ecofriendly products and the HFC phase-down plan. This is also anticipated to contribute toward the growth of the regional market. Some of the prominent companies operating in the global aerosol refrigerators market include FJC Inc.; Mexichem S.A.B. de C.V.; Nu-Calgon Wholesaler, Inc.; STP Products Company; and Baltic Refrigeration Group. These market players compete on the basis of technology and product price.

In-Depth Research Report On Aerosol Refrigerants Market:
https://www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market

Monday, 15 October 2018

Gold Nanoparticles Market is Predicted to Attain USD 4.86 billion by 2020 : Grand View Research, Inc.

According to a report by Grand View Research, Inc.; the worldwide gold nanoparticles market is predicted to attain USD 4.86 billion by 2020. Gold nanoparticles can be used in organic photovoltaics, sensory probes, drug delivery, therapeutic agents, catalysis, and electronic conductors. Increasing investment in R&D, improvements in the field of nanotechnology, and rising demand for metal nanoparticles in numerous end-use industries can propel the market during the forecast period (2014 to 2020).


Gold Nanoparticles Market

High demand for nanotechnology-based diagnostics and therapeutics from the medical industry is expected to boost the market over the forecast period. These products are extensively utilized for the diagnosis and treatment of cancer cells and tumors. Nanotechnology medical products are also used in diagnostic tests for cardiovascular diseases and HIV/AIDS. The product finds applications in dentistry as well since gold nanoparticles are considered as an ideal osteogenic agent. It is extensively used in titanium dental implant surfaces as well. The product can also be utilized as a contrast agent in dentistry for optical coherence tomography (OCT). All these factors are expected to propel market expansion in near future.

Various ongoing research projects regarding the application of nanoparticles in gene therapy of plants, electronics and electrical products such as nanowires, fuel cells, colorimetric sensors, and others can also provide potential business opportunities in near future. Electronic biosensors and compact mass storage devices like USB drives, CD, DVD, and flash cards require gold nanoparticle inks and nanowires. This is anticipated to drive market growth till 2025. Gold nanoparticles have better stability and lesser crystal growth compared to platinum and silver molecules. Rising applications in glass tilting, fruit protection, and photovoltaic can make a positive outlook for the market in forthcoming years.

However, strict guidelines by various international authorities to improve standards for manufacturing, handling, and sale of nanoparticles can restrain market growth to a certain extent. Additionally, inadequate and instable supply of gold and varying prices of raw materials may also hamper the market growth.

The global gold nanoparticles market is segmented on the basis of end use and regions. Based on end-use, the segments are medical and dentistry, catalysis, electronics, and others. The others segment is further divided into glass, cosmetics, and photometry. In 2013, medical and dentistry held over 50% market share in terms of volume. In addition, nanotechnology medical products witnessed 17% CAGR from 2009 to 2014 and may continue displaying healthy growth by 2020. Electronics may grow rapidly at a CAGR over 20% during the study period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, and RoW. In 2013, North America acquired the largest market share and over 30% market share in terms of volume. Escalating medical diagnostics industry and impressive R&D activities by individual nanotechnology firms and universities are the primary regional drivers. Asia Pacific is anticipated to showcase rapid growth at a CAGR over 25% during the forecast period. This region is considered as one of the largest electronic manufacturing hubs and a key consumer of DLNA, micro SD, flash drives, and photovoltaic devices. Technological advancements in nanotechnology in countries like Japan, Taiwan, China, and South Korea are expected to drive the regional market growth in near future. Development of photovoltaic and high precision printing may also support market growth. Europe, on the other hand, is estimated to display sluggish growth during the forecast period.

Some of the key companies operating in the gold nanoparticles market are Nanopartz Inc.; NanoBio Chemicals India Pvt. Ltd.; NanoHybrids Corp.; Solaris Nanoscinces; and Innova Biosciences. The market boasts of a wide range of small regional as well as international vendors. Most companies are continually involved in R&D activities to survive the stiff competition in the market.
Recently, a group of scientists from the National University of Science and Technology “MISiS” along with their associates from the Saha Institute of Nuclear Physics (Kolkata, India) collaborated to create stable gold nanoparticles to fight against cancer. These non-toxic and inexpensive nanoparticles can prove effective in early diagnosis of cancerous cells.

In-Depth Research Report On Gold Nanoparticles Market:
https://www.grandviewresearch.com/industry-analysis/gold-nanoparticles-industry

Stainless Steel: High Recycling Rates in Comparison to other Alloys

15-October-2018: A report by Grand View Reserarch, Inc. indicates that the global stainless steel market is poised to rise to a valuation of USD 127.19 billion by 2024. Stainless steel is extensively used in various end-use industries such as electronics, transportation, building and construction, and industrial machinery owing to its inherent characteristics such as high tensile strength, resistance, and durability. High recycling rates in comparison to other alloys are likely to positively impact the growth of the market.


 stainless steel

By volume, the market stood at 37.89 million tons in 2015. Improving socioeconomic conditions and rapid urbanization along with expanding middle-class population are estimated to provide an upthrust to the market. Increasing consumption in the food and beverages industry and household appliances manufacturing is expected to benefit market growth.

Increasing focus on lightweight vehicles is anticipated to escalate the use of stainless steel in automobile manufacturing. Developed economies in Europe and North America are implementing regulations pertaining to vehicle emissions and fuel economy to curtail global warming. Such regulations are working in favor of the market. Growing investments in construction and infrastructure development are also projected to help the market gain tremendous traction.

Stainless steel finds wide application in the petrochemical and oil exploration and production industries. Burgeoning oil exploration and production activities worldwide to meet incessantly proliferating energy requirements are, therefore, stimulating market growth. Stainless steel is used in the production of heat exchangers, tanks, chemical tankers, pressure valves, process pipes, and cracking furnaces, which are commonly used in the petrochemical industry. In the oil exploration vertical, it is used in offshore platforms, LNG tankers, and sub-sea systems.

Rising use in water supply systems is likely to stoke the growth of the market. Corrosion-free nature of stainless steel makes it optimal for use in pipes for water supply as well storage. It offers a cost-effective solution for water management and does not generate impurity. Based on its high strength, durability, and other properties, several industrial organizations, including Indian Stainless Steel Development Association (ISSDA), are expected to increase its usage in pipe manufacturing.

On the flip side, protean prices of nickel can be a major roadblock for stainless steel manufacturers. However, widening scope of applications in construction, healthcare, renewable energy, and cryogenic industries is anticipated to open new avenues for manufacturers.

Advancements in techniques employed in the production of stainless steel can augur well for the market. For instance, in October 2017, researchers from Lawrence Livermore National Lab, in collaboration with teams from Georgia Tech University, Ames National Laboratory, and Oregon State University, developed a 3D printing technique for producing low-carbon stainless steel called 316L, which exhibits high-ductility and high-strength properties.

The global stainless steel market has been segmented on the basis of grade, product, application, and geography. Based on grade, the market has been classified into 200 series, 300 series, 400 series, and Duplex. The 300 series segment dominated the market in 2015, representing 40% of the overall volume. In terms of product, the market has been bifurcated into long and flat, with the latter accounting for a 70% share that year. Key applications include heavy industry, automotive, building and construction, and consumer goods. Automotive was at the forefront of the market in 2015, commanding 20% of the overall volume, with the building and construction segment posting the highest CAGR between 2016 and 2024.

From a geographical standpoint, the market has been divided into North America, China, Europe, Latin America, Middle East, and Asia Pacific. China is a key revenue contributor in the market and is estimated to register the fastest growth at a 5.9% CAGR during the forecast period. Flourishing automotive and construction sectors in the country can drive the market. The growth of Asia Pacific can be attributed to increasing utilization of stainless steel in the food & beverage processing industry in countries such as Indonesia and India.

By volume, the size of the market in North America was 3,000 kilo tons in 2015. Robust growth of the construction and consumer goods industries is contributing to the growth of the market. Spiraling uptake in oil and gas and heavy industries is also expected to supplement the growth of the regional market.

Some of the key companies operating in the global stainless steel market are Acerinox, POSCO, Aperam, Baosteel, and Outokumpu.

In-Depth Research Report On Stainless Steel Market:
https://www.grandviewresearch.com/industry-analysis/stainless-steel-market

Tuesday, 9 October 2018

Personal Protective Equipment For Workers Safety and Productivity

9-October-2018: According to a report by Grand View Research Inc., the global personal protective equipment market reported a valuation of USD 38.38 billion in 2015. Safety is integral to any business. Personal protective equipment (PPE) ensure minimum exposure to occupational health hazards. They are available in different forms, including pads, gloves, masks, and shields.

Personal Protective Equipment Market

Stringent regulations pertaining to occupational health and safety are likely to help the market gain tremendous impetus. Mandated policies by organizations such as the Occupational Safety and Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH) have been compelling employers to look after employee safety in industries. In addition, these regulations ensure that PPE is assessed properly to make it fit for use along with proper maintenance.

Rising awareness regarding safety and security of employees at workplace is expected to create a staggering demand for personal protective equipment. Mounting cases of workplace fatalities is prompting employers to pay attention to employee health and safety. By prioritizing workers’ safety and establishing safety guidelines, they are able to save large operational costs in the form of compensation and arbitrated settlements. Apart from this, the market is also driven by rapid expansion in the manufacturing and construction industries and increasing research and development establishments in developing economies.

Introduction of smart and wearable PPE products is transforming the workplace to a connected domain, which in turn is improving worker safety and productivity. For instance, in April 2017, Tata Group developed a safety wearable watch for workers at Tata Steel. Tata Elxsi, Titan, and Tata Consultancy Services came together for ‘design thinking’. The smartwatch has an analog face and can track temperature, movements, heartbeats, ambient gases, and fall detection. Technological innovations, along with changing consumer need for protective equipment, are estimated to augment the market.

On the other hand, increasing penetration of automation in end-use industries can hamper growth prospects. Automation reduces the need for physical presence of workers. Furthermore, high price of personal protective clothing is poised to inhibit market growth. Unavailability of safety data from industries, especially in developing economies, can adversely affect the growth of the market. However, growing popularity of e-commerce can boost the sales of personal protective equipment in coming years.

The global personal protective equipment market has been segmented on the basis of product, end-use industry, and region. Based on product, the market has been divided into head, eye, and face protection, protective clothing, hearing protection, protective footwear, respiratory protection, hand protection, fall protection, and others. By end-use industry, the market has been classified into manufacturing, construction, chemicals, oil and gas, transportation, food and beverage, mining, and healthcare and pharmaceuticals.

In terms of geography, the market has been fragmented into Europe, North America, Asia Pacific, Central and South America, Africa, and Middle East. Europe will be at the forefront of growth throughout the forecast period (2014–2024). Rising cases of occupational fatalities are one of the primary growth stimulants of the region. Soaring need for high utility protective gears and durable mechanical wear resistance is anticipated to trigger the growth of the market. On the flip side, the growth of the market in Europe can slow down due to increasing implementation of automation in industries.

North America will also account for a substantial share in the market, owing to stringent norms pertaining to occupational health and safety. Asia Pacific is projected to be the fastest growing region during the same period. Spiraling demand for personal protective equipment in the construction and manufacturing industries, especially in emerging economies such as India, China, and Vietnam, will contribute to the growth of the region.

The global personal protective equipment is highly fragmented in nature. Key players in the market are investing in research and development activities to create innovative, application-specific products. Strategic differentiation and competitive pricing of products and services are imperative for market participants to ensure a strong foothold in the global arena. Some of the prominent companies operating in the market are DuPont, Honeywell, 3M, Alpha Pro Tech Ltd., and MSA Safety.

In-Depth Research Report On Personal Protective Equipment Market:
https://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-ppe-market

Thursday, 4 October 2018

Aerosol Market is Projected to Exceed a Value of USD 120 Billion by 2025

4-October-2018: The worldwide aerosol market is anticipated to exceed a value of USD 120 billion by 2025, according to insights presented in a report by Grand View Research, Inc. Aerosols are an amalgamation of solid or liquid particles in fine air. They are also present in consumer or pharmaceutical products as a medium of dispersion such as hairsprays or deodorants, known as aerosol propellants.

Advanced Interior Materials

 Demand for aerosol in consumer products such as household cleaners and insecticides is expected to drive market growth over the forecast period (2014-2025). Demand for drug delivery systems, inhalers, and pain relief sprays by consumers is also estimated to drive market growth. Rising demand for personal care products such as hair sprays is expected to sustain demand. Inclusion of aerosols in food products such as whipped creams, mayonnaise, olive oil, and beer is expected to spur market volumes. In contrast, adherence to the Montreal Protocol and the Clean Development Mechanism is predicted to restrain the market for volatile organic compound-based aerosols. The booming e-commerce sector, on the other hand, provides new opportunities for growth due to consumer shopping patterns and easy availability of products.

The harmful effects of aerosol and concerns of inflammability of aerosol-based products have led manufacturers to create eco-friendly aerosol solutions. For instance, Honeywell launched Solstice Propellant in 2014 to be used in the treatment of diaper rashes for kids and adults. Its additional applications in cleaning sprays, air horns, and dusters while adhering to environmental regulations can create market demand.

Sustainable aerosol packaging is expected to open up new avenues for the market. For instance, Ball Corporation utilizes recycled aluminum for its deodorant cans without compromising its contents. Unilever is another firm that has reduced its dependence on aluminum by creating compressing aerosols for female deodorants. Recent developments in the consumer electronics sector have led to the use of aerosol jet systems in reducing the size and weight of products while lowering manufacturing costs.

The global aerosol market is segmented by application and region. Major market applications include automotive and industrial, household, personal care, medical, paints, and food. The household segment accounted for over 31% of the market volume in 2015. It is expected to exhibit a CAGR exceeding 6% from 2016 to 2025 due to rising demand for household cleaners. Aerosol demand in the medical application segment is projected to register a CAGR above 5% from 2016 to 2025. The personal care segment can exhibit a remarkable growth rate during the forecast period due to rising sales of personal care products.

Regions covered in the report include North America, Latin America, Asia Pacific (APAC), Middle East and Africa (MEA), and Europe. The North America market amassed respectable revenue in 2015 due to high adoption of aerosol-based products and expendable incomes of U.S. consumers. The expanding automotive sector in the U.S. and Mexico can create demand for aerosol propellants, deeming it profitable for the global market.

The Europe market recorded a 32% market share by way of demand due to greater need for personal care products in France, Spain, and Italy. Demand for male grooming products in the United Kingdom (UK) is expected to generate global demand for aerosols. In addition, rise in sales of shampoos, hair sprays, and conditioners are projected to spur market growth. The Latin America market is poised to exhibit strong growth due to a large consumer base in Argentina and Brazil. The APAC market is touted to expand at a CAGR over 7% from 2016 to 2025 due to demand for personal care products. Rapid industrialization in India and China is predicted to create a massive market for aerosols.

Prominent market players include Beiersdorf AG, Proctor and Gamble (P&G), Unilever, Honeywell, and Henkel AG & Co. Focus on innovation has led most of these players to invest in research and development. For instance, Honeywell established a new plant that produces air conditioning refrigerants. The use of this product can reportedly diminish greenhouse gas emission levels. The globally expanding automotive industry is one of its biggest proponents rendering additional market demand.

In-Depth Research Report On Aerosol Market:
https://www.grandviewresearch.com/industry-analysis/aerosol-market

Resilient Flooring Market: Outstanding Substitute for Traditional Wood Flooring

4-October-2018: According to a report by Grand View Research, Inc., the worldwide resilient flooring market is predicted to attain around USD 9.9 billion through 2024. Resilient flooring is a mixture of synthetic as well as natural materials. It is an outstanding substitute for traditional wood flooring. It provides aesthetic look, better strength, and has excellent insulation properties. Different types of material used to manufacture resilient flooring include rubber, linoleum, vinyl, cork, wood, and asphalt.

Resilient Flooring Market

 Rapid urbanization and industrialization have given rise to urgent requirement of IT parks, industrial areas, and housing projects, which can impel the market over the forecast period (2016 to 2024). Increasing insulation demand in residential as well as non-residential applications owing to increasing cost of energy and growing need of energy conservation is also predicted to drive the market. Increasing government investments in infrastructural development in developing countries can also have a positive impact on the market. Growing use of linoleum due to its eco-friendly nature is expected to support market growth as well. It also offers better durability and greater longevity. However, increasing concerns regarding environmental impact of vinyl may restrain the market during the forecast period. 

Recently, nora systems, Inc. developed a new rubber floor covering called “norament arago”. This product is available in wide range of cool gray shades. Norament arago can offer ergonomic comfort, slip resistance, and sound absorption. 

The worldwide resilient flooring market can be fragmented on the basis of product and application. Based on product, the market can be classified into vinyl composite tiles (VCT), luxury vinyl tiles (LVT), vinyl sheets, linoleum, fiberglass sheets, and others. The LVT segment is estimated to exhibit significant growth in terms of volume, registering a CAGR of 6% by 2024. This product has low installation cost as compared to VCT and widely accepted as an aesthetic and durable material. On the basis of application, the market can be categorized into residential and commercial. The commercial application may include healthcare, education, retail, commercial offices, public buildings, leisure, and hospitality. In 2015, the commercial segment accounted for over 30% of the overall volume since resilient flooring can be utilized in various corporate settings such as back office, break rooms, corridors, and cafeterias.  

Geographically, the market can be divided into North America, Asia Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). In 2015, Asia Pacific captured the largest market share and accounted for 32.2 % of the total volume. This growth is attributed to increasing disposable income, improving standard of living, and flourishing construction industry in developing countries in this region. Additionally, government support for infrastructure development and loan facilities in the housing sector is expected to increase the demand for resilient flooring products in APAC.  Also, increasing number of commercial and business establishments, including corporate offices, retail stores, and hospitals is expected to impel market growth in this region. Copious farmland for linseed in India is leading to easy availability of linoleum in the form of raw material, which is predicted to have a favorable effect on the market. 

In 2015, North America accounted for around 27.6% of the total revenue. The region is predicted to experience substantial growth due to increasing use of the product in residential as well as commercial applications in the U.S. Additionally, growing development of retail spaces and supermarkets is expected to offer new opportunities in this region. 

Latin America is anticipated to exhibit strong revenue growth at a CAGR of 7% from 2016 to 2024. This growth is associated with expanding commercial spaces by several companies in the chemicals, personal care, and automotive industries. In addition, rising spending in commercial and housing sectors and transport facilities is projected to boost the market over the forecast period.

In 2015, MEA reported a value of around USD 878 million and is expected to display high growth due to increasing government efforts for infrastructure development and growing construction of commercial offices in this region.

Some of the leading companies operating in the market are Mannington Mills, Inc.; NOX Corporation; Amtico International Limited; Mohawk Industries; and Armstrong World Industries.   The market looks extremely competitive due to existence of numerous vendors worldwide. Increasing efforts for developing high-performance floorings is expected to increase the demand for the product over the next few years. These companies are also competing with each other by providing different products at varying prices.

In-Depth Research Report On Resilient Flooring Market:
https://www.grandviewresearch.com/industry-analysis/resilient-flooring-market