Wpc Luxury Vinyl Tile Market

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WPC Luxury Vinyl Tile Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Decorative Luxury Vinyl Flooring, Functional Luxury Vinyl Flooring); By Application (Commercial Use, Residential Use); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published Date: June 2023
Report ID: BWC23449
Available Format: PDF
Page: 400

Report Overview

Increasing demand for durable and low maintenance flooring solutions, rising residential and commercial construction activities, advancements in technology leading to improved product performance, and the growing preference for eco-friendly and sustainable flooring options are expected to propel the growth of the Global WPC Luxury Vinyl Tile Market during the forecast period between 2023 and 2029.

Global WPC Luxury Vinyl Tile Market - Industry Trends & Forecast Report, 2029

The global WPC luxury vinyl tile market size was estimated at USD 38.12 billion in 2022. During the forecast period between 2023 and 2029, the global WPC luxury vinyl tile market size is projected to grow at a CAGR of 6.23% reaching a value of USD 69.32 billion by 2029. Consumer desire for low-maintenance, cost-effective, and water-resistant flooring solutions will drive revenue growth in the luxury vinyl tiles market. Vinyl tiles have a better durability of almost 10 to 20 years with a simple material installation, making it a desired and advantageous flooring material for persons in residential, industrial, and commercial settings. Further, huge expenditures by the government and private manufacturers in the construction of new residential spaces are providing major potential prospects for the global WPC luxury vinyl tile market. Concurrently, changing consumer lifestyles for interior remodeling and décor to improve aesthetic appeal are some of the significant vinyl tiles market possibilities. During the forecast period, these variables will have a favorable impact on the global WPC vinyl tiles market.

$WPC Luxury Vinyl Tile Market$

Global WPC Luxury Vinyl Tile Market – Overview

WPC luxury vinyl tile (LVT) is a type of vinyl flooring that is designed to resemble hardwood, stone, or other natural materials, but with the added benefits of durability and easy maintenance. WPC stands for wood plastic composite, which refers to the core layer of the flooring. WPC LVT flooring is typically made up of four layers: a wear layer, a decorative film layer, a rigid core layer made of wood plastic composite, and an underlayment layer. The wear layer is a clear, protective coating that helps to resist scratches and scuffs, while the decorative film layer is printed with a high-resolution image of the desired pattern or design. The rigid core layer provides stability and dimensional strength to the flooring, while the underlayment layer helps to absorb sound and add cushioning underfoot.

Global WPC Luxury Vinyl Tile Market

Growth Drivers

Increased Construction Activities

The world is experiencing a surge in construction activities and evolving lifestyles, fueling a growing desire for home renovations. Countries with a strong inclination towards vinyl flooring are witnessing a steady rise in demand, as individuals prioritize investing in their homes and elevating their living standards. Upgrading their residences has become a symbol of prestige, with people opting for various flooring options like vinyl to enhance their social image. Further, China has emerged as a prominent player in the production of high-performance LVT flooring, catering to the European, American, and global markets. While domestic production will play a larger role in the future, China's dominance in LVT manufacturing is expected to remain strong. Currently, only a small portion of LVT consumed in the United States is domestically produced, with the majority being manufactured overseas.

Restraints

Vinyl Flooring Side Effects and Hazardous Chemicals Used in Vinyl Flooring Production

The main component of vinyl flooring is polyvinyl chloride, generally known as PVC, a light and durable plastic. This flooring material is not recyclable in the same way that other plastics are. It is crushed into ground pallets and melted to make various vinyl goods, which have an impact on the environment's sustainability. Phthalates are blended with other dangerous chemicals in vinyl flooring, such as plasticizers, pigments, stabilizers, fillers, and additives. Toxin exposure is detrimental to both people and dogs and can result in asthma, cancer, lung, kidney, skin irritation, respiratory disorders, and reproductive system hazards. Vinyl flooring contains harmful chemicals that quickly contaminate water, air, and other surfaces.

Impact of COVID-19 on Global WPC Luxury Vinyl Tile Market

The COVID-19 pandemic significantly impacted the global WPC luxury vinyl tile market. While the market was experiencing growth before the pandemic, the crisis disrupted supply chains, delayed construction projects, and slowed down consumer spending, all of which have affected the demand for WPC luxury vinyl tile. The major impacts of the pandemic have been on the construction industry, which is a key end-user of WPC luxury vinyl tile. Many construction projects have been delayed or put on hold due to supply chain disruptions, labor shortages, and uncertainty around the economic outlook. It has resulted in a decrease in demand for WPC luxury vinyl tile in the construction sector. Similarly, the closure of retail stores and showrooms has limited consumer access to WPC luxury vinyl tile products. The pandemic has also led to a decrease in consumer spending, as people have been more cautious with their finances due to the uncertain economic situation. This has affected the demand for WPC luxury vinyl tile in the residential market.

Global WPC Luxury Vinyl Tile Market

Segmental Coverage

Global WPC Luxury Vinyl Tile Market - By Type

On the basis of type, the global WPC luxury vinyl tile market is segmented into decorative luxury vinyl flooring and functional luxury vinyl flooring segments. The decorative LVT segment accounts for a larger share of the luxury vinyl tile market and is expected to continue to dominate the market during the forecast period. The key driver of the decorative LVT segment is the rising demand for aesthetically pleasing and visually appealing flooring solutions, particularly in the residential sector. Decorative LVT is available in a wide range of colors, patterns, and designs, which allows homeowners and designers to create unique and customized looks. Also, decorative LVT is often more affordable than natural materials like hardwood or stone, which makes it an attractive option for cost-conscious consumers.

WPC Luxury Vinyl Tile Market Share

Global WPC Luxury Vinyl Tile Market - By Application

By application, the global WPC luxury vinyl tile market is split into Commercial Use and Residential Use segments. The commercial segment is a larger contributor to the global WPC luxury vinyl tile market, due to its versatility, cost-effectiveness, durability, and easy maintenance, vinyl flooring is gaining appeal for commercial uses in commercial residences, offices, and other hospitality industries. This flooring may also be used in locations with a high volume of human traffic, which is predicted to enhance demand for vinyl flooring for commercial reasons.

The residential segment revenue is expected to register a moderate growth rate during the forecast period. Vinyl tiles flooring's quick installation, water resistance, easy cleaning, and stain resistance features have encouraged people to use it in their homes. Vinyl tiles are being used in playrooms, kitchens, and bathrooms to avoid water leaks into the floor. Revenue growth in the category is likely to be driven by the rising usage of vinyl flooring. However, the inability of vinyl flooring to biodegrade limits its use.

Global WPC Luxury Vinyl Tile Market - By Region

Geographically, the global WPC luxury vinyl tile market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominates the global WPC luxury vinyl tile market. The increased per capita income, increased demand for eco-friendly items, and a penchant for living a lavish life are predicted to fuel revenue development in this area. The existence of several vinyl floorings producers, such as Eletile and KBS Floor, is contributing to the market's revenue growth. For example, on December 7, 2021, India-based Reliance Industries (RIL) established a joint venture with Abu Dhabi-based Chemicals Derivatives Company (TA'ZIZ) to build and run a PVC, ethylene dichloride (EDC), and chlor-alkali manufacturing facility. The investment has the potential to accelerate vinyl flooring manufacturers to fulfill worldwide market demands.

Competitive Landscape

Major players operating in global WPC luxury vinyl tile market include Tarkett, Armstrong, Mannington Mills, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, and Karndean. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

May 2022 - EGGER’s GreenTec announced the launch of a new flooring range in Australia to challenge traditional flooring and laminate flooring perceptions. With ForestOne’s Decorative Products division, the company offers high-end decorative flooring with a sustainability approach in this market. Commercial and residential HDF core products consisting of 61% post-industrial recycled waste and recycled cork in GreenTec, make it a significant flooring solution.
May 2022 - TruAmerica Multifamily announced the acquisition of a 310-unit community in Texas, the United States, to expand its residential portfolio in Dallas, Texas. It purchased Rancho Mirage from Oak Residential Partners to boost the community's curb appeal through a capital expenditure program. To fulfill worldwide market demand, the modifications also include the installation of quartz worktops, stainless steel appliances, lowered bar tops, vinyl plank flooring, and plumbing texturing.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, The Netherlands, Belgium, NORDIC Countries, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rest of Middle East & Africa)
Product/ Service Segmentation	Type, Application, Region
Key Players	Tarkett, Armstrong, Mannington Mills, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, Karndean

By Type

Decorative Luxury Vinyl Flooring (LVT)
Functional Luxury Vinyl Flooring (LVT)

By Application

Commercial Use
Residential Use

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Research Framework
1. Research Objective
2. Type Overview
3. Market Segmentation
Executive Summary
Global WPC Luxury Vinyl Tile Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Increased construction activities
    2. WPC LVT provides a wide range of design options
  2. Restraints
    1. Vinyl flooring side effects and hazardous chemicals used in vinyl flooring production
    2. Volatile Raw Material Prices:
  3. Opportunity
    1. Increasing Focus on Sustainability
    2. Newly developed vinyl patterns
  4. Challenges
    1. Installation Challenges
3. Technological Advancement/Recent Development
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global WPC Luxury Vinyl Tile Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
    1. Decorative Luxury Vinyl Flooring
    2. Functional Luxury Vinyl Flooring
  2. By Application
    1. Commercial Use
    2. Residential Use
  3. By Region
    1. North America
    2. Europe
    3. The Asia Pacific
    4. Latin America
    5. The Middle East and Africa
North America WPC Luxury Vinyl Tile Market
1. 1. Market Size & Forecast by Value, 2019–2029
  2. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. United States
      1. By Type
      2. By Application
    2. Canada
      1. By Type
      2. By Application
Europe WPC Luxury Vinyl Tile Market
1. 1. Market Size & Forecast by Value, 2019–2029
  2. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Application
  3. By Country
    1. Germany
      1. By Type
      2. By Application
    2. United Kingdom
      1. By Type
      2. By Application
    3. Italy
      1. By Type
      2. By Application
    4. France
      1. By Type
      2. By Application
    5. Spain
      1. By Type
      2. By Application
    6. Netherlands
      1. By Type
      2. By Application
    7. Belgium
      1. By Type
      2. By Application
    8. NORDIC Countries
      1. By Type
      2. By Application
    9. Rest of Europe
      1. By Type
      2. By Application
Asia Pacific WPC Luxury Vinyl Tile Market
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Application
    1. China
      1. By Type
      2. By Application
    2. India
      1. By Type
      2. By Application
    3. Japan
      1. By Type
      2. By Application
    4. South Korea
      1. By Type
      2. By Application
    5. Australia & New Zealand
      1. By Type
      2. By Application
    6. Indonesia
      1. By Type
      2. By Application
    7. Malaysia
      1. By Type
      2. By Application
    8. Singapore
      1. By Type
      2. By Application
    9. Philippines
      1. By Type
      2. By Application
    10. Vietnam
      1. By Type
      2. By Application
    11. Rest of APAC
      1. By Type
      2. By Application
Latin America WPC Luxury Vinyl Tile Market
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Application
    1. Brazil
      1. By Type
      2. By Application
    2. Mexico
      1. By Type
      2. By Application
    3. Argentina
      1. By Type
      2. By Application
    4. Peru
      1. By Type
      2. By Application
    5. Colombia
      1. By Type
      2. By Application
    6. Rest of LATAM
      1. By Type
      2. By Application
Middle East & Africa WPC Luxury Vinyl Tile Market
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Application
    1. Saudi Arabia
      1. By Type
      2. By Application
    2. UAE
      1. By Type
      2. By Application
    3. Qatar
      1. By Type
      2. By Application
    4. Kuwait
      1. By Type
      2. By Application
    5. Iran
      1. By Type
      2. By Application
    6. South Africa
      1. By Type
      2. By Application
    7. Nigeria
      1. By Type
      2. By Application
    8. Kenya
      1. By Type
      2. By Application
    9. Egypt
      1. By Type
      2. By Application
    10. Morocco
      1. By Type
      2. By Application
    11. Algeria
      1. By Type
      2. By Application
    12. Rest of MEA
      1. By Type
      2. By Application
Competitive Landscape
1. List of Key Players and Their Offerings
2. Global WPC Luxury Vinyl Tile Company Market Share Analysis, 2022
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
Impact of Covid-19 on Global WPC Luxury Vinyl Tile Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
1. Tarkett
2. Armstrong
3. Mannington Mills
4. NOX Corporation
5. LG Hausys
6. Congoleum
7. Mohawk
8. Gerflor
9. Forbo
10. Beaulieu
11. Metroflor
12. Milliken
13. Polyflor
14. Karndean
15. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1 Global WPC Luxury Vinyl Tile Market Segmentation

Figure 2 Global WPC Luxury Vinyl Tile Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Global WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 5 Global WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 6 Global WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 7 Global WPC Luxury Vinyl Tile Market Share, By Region, By Value, 2019–2029

Figure 8 North America WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 9 North America WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 10 North America WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 11 North America WPC Luxury Vinyl Tile Market Share, By Country, By Value, 2019–2029

Figure 12 United States WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 13 United States WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 14 United States WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 15 Canada WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 16 Canada WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 17 Canada WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 18 Europe WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 19 Europe WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 20 Europe WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 21 Europe WPC Luxury Vinyl Tile Market Share, By Country, By Value, 2019–2029

Figure 22 Germany WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 23 Germany WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 24 Germany WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 25 United Kingdom WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 26 United Kingdom WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 27 United Kingdom WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 28 Italy WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 29 Italy WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 30 Italy WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 31 France WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 32 France WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 33 France WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 34 Spain WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 35 Spain WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 36 Spain WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 37 Belgium WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 38 Belgium WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 39 Belgium WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 40 Russia WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 41 Russia WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 42 Russia WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 43 Netherlands WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 44 Netherlands WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 45 Netherlands WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 46 Rest of Europe WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 47 Rest of Europe WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 48 Rest of Europe WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 49 Asia-Pacific WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 50 Asia-Pacific WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 51 Asia-Pacific WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 52 Asia-Pacific WPC Luxury Vinyl Tile Market Share, By Country, By Value, 2019–2029

Figure 53 China WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 54 China WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 55 China WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 56 India WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 57 India WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 58 India WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 59 Japan WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 60 Japan WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 61 Japan WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 62 South Korea WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 63 South Korea WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 64 South Korea WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 65 Australia & New Zealand WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 66 Australia & New Zealand WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 67 Australia & New Zealand WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 68 Indonesia WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 69 Indonesia WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 70 Indonesia WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 71 Malaysia WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 72 Malaysia WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 73 Malaysia WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 74 Singapore WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 75 Singapore WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 76 Singapore WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 77 Vietnam WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 78 Vietnam WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 79 Vietnam WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 80 Rest of APAC WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 81 Rest of APAC WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 82 Rest of APAC WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 83 Latin America WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 84 Latin America WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 85 Latin America WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 86 Latin America WPC Luxury Vinyl Tile Market Share, By Country, By Value, 2019–2029

Figure 87 Brazil WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 88 Brazil WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 89 Brazil WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 90 Argentina WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 91 Argentina WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 92 Argentina WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 93 Peru WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 94 Peru WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 95 Peru WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 96 Rest of LATAM WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 97 Rest of LATAM WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 98 Rest of LATAM WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 99 Middle East & Africa WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 100 Middle East & Africa WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 101 Middle East & Africa WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 102 Middle East & Africa WPC Luxury Vinyl Tile Market Share, By Country, By Value, 2019–2029

Figure 103 Saudi Arabia WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 104 Saudi Arabia WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 105 Saudi Arabia WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 106 UAE WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 107 UAE WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 108 UAE WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 109 Qatar WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 110 Qatar WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 111 Qatar WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 112 Kuwait WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 113 Kuwait WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 114 Kuwait WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 115 South Africa WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 116 South Africa WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 117 South Africa WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 118 Nigeria WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 119 Nigeria WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 120 Nigeria WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 121 Algeria WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 122 Algeria WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 123 Algeria WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

Figure 124 Rest of MEA WPC Luxury Vinyl Tile Market Size, By Value (USD Million), 2019–2029

Figure 125 Rest of MEA WPC Luxury Vinyl Tile Market Share, By Type, By Value, 2019–2029

Figure 126 Rest of MEA WPC Luxury Vinyl Tile Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1 Global WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 2 Global WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 3 Global WPC Luxury Vinyl Tile Market Size, By Region, By Value, 2019–2029

Table 4 North America WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 5 North America WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 6 North America WPC Luxury Vinyl Tile Market Size, By Country, By Value, 2019–2029

Table 7 United States WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 8 United States WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 9 Canada WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 10 Canada WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 11 Europe WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 12 Europe WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 13 Europe WPC Luxury Vinyl Tile Market Size, By Country, By Value, 2019–2029

Table 14 Germany WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 15 Germany WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 16 United Kingdom WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 17 United Kingdom WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 18 Italy WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 19 Italy WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 20 France WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 21 France WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 22 Spain WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 23 Spain WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 24 Belgium WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 25 Belgium WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 26 Russia WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 27 Russia WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 28 Netherlands WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 29 Netherlands WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 30 Rest of Europe WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 31 Rest of Europe WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 32 Asia-Pacific WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 33 Asia-Pacific WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 34 Asia-Pacific WPC Luxury Vinyl Tile Market Size, By Country, By Value, 2019–2029

Table 35 China WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 36 China WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 37 India WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 38 India WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 39 Japan WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 40 Japan WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 41 South Korea WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 42 South Korea WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 43 Australia & New Zealand WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 44 Australia & New Zealand WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 45 Indonesia WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 46 Indonesia WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 47 Malaysia WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 48 Malaysia WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 49 Singapore WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 50 Singapore WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 51 Vietnam WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 52 Vietnam WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 53 Rest of APAC WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 54 Rest of APAC WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 55 Latin America WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 56 Latin America WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 57 Latin America WPC Luxury Vinyl Tile Market Size, By Country, By Value, 2019–2029

Table 58 Brazil WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 59 Brazil WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 60 Argentina WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 61 Argentina WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 62 Peru WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 63 Peru WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 64 Rest of LATAM WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 65 Rest of LATAM WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 66 Middle East & Africa WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 67 Middle East & Africa WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 68 Middle East & Africa WPC Luxury Vinyl Tile Market Size, By Country, By Value, 2019–2029

Table 69 Saudi Arabia WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 70 Saudi Arabia WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 71 UAE WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 72 UAE WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 73 Qatar WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 74 Qatar WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 75 Kuwait WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 76 Kuwait WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 77 South Africa WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 78 South Africa WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 79 Nigeria WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 80 Nigeria WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 81 Algeria WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 82 Algeria WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 83 Rest of MEA WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 84 Rest of MEA WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 85 UAE WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 86 Qatar WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 87 Qatar WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 88 Kuwait WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 89 Kuwait WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 90 South Africa WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 91 South Africa WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 92 Nigeria WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 93 Nigeria WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 94 Algeria WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 95 Algeria WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 96 Rest of MEA WPC Luxury Vinyl Tile Market Size, By Type, By Value, 2019–2029

Table 97 Rest of MEA WPC Luxury Vinyl Tile Market Size, By Application, By Value, 2019–2029

Table 98 Tarkett Company Overview

Table 99 Tarkett Financial Overview

Table 100 Armstrong Company Overview

Table 101 Armstrong Financial Overview

Table 102 Mannington Mills Company Overview

Table 103 Mannington Mills Financial Overview

Table 104 NOX Corporation Company Overview

Table 105 NOX Corporation Financial Overview

Table 106 LG Hausys Company Overview

Table 107 LG Hausys Financial Overview

Table 108 Congoleum Company Overview

Table 109 Congoleum Financial Overview

Table 110 Mohawk Company Overview

Table 111 Mohawk Financial Overview

Table 112 Gerflor Company Overview

Table 113 Gerflor Financial Overview

Table 114 Forbo Company Overview

Table 115 Forbo Financial Overview

Table 116 Beaulieu Company Overview

Table 117 Beaulieu Financial Overview

Table 118 Metroflor Company Overview

Table 119 Metroflor Financial Overview

Table 120 Milliken Company Overview

Table 121 Milliken Financial Overview

Table 122 Polyflor Company Overview

Table 123 Polyflor Financial Overview

Table 124 Karndean Company Overview

Table 125 Karndean Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

1. Which region holds the highest market share in the Global WPC Luxury Vinyl Tile Market?

Ans: Asia Pacific holds the highest market share in the Global WPC Luxury Vinyl Tile Market.

2. What is the current market size of Global WPC Luxury Vinyl Tile Market?

Ans: Global WPC Luxury Vinyl Tile Market size was estimated at USD 38.12 billion in 2022.

3. What are the major factors driving the growth of Global WPC Luxury Vinyl Tile Market?

Ans: Major growth drivers of the Global WPC Luxury Vinyl Tile Market include an increasing demand for durable and low maintenance flooring solutions, rising residential and commercial construction activities, advancements in technology leading to improved product performance, and the growing preference for eco-friendly and sustainable flooring options.

4. Name the key players in Global WPC Luxury Vinyl Tile Market?

Ans: Key players in Global WPC Luxury Vinyl Tile Market include Tarkett, Armstrong, Mannington Mills, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, and Karndean.

5. Which segment accounted for a major market share in Global WPC Luxury Vinyl Tile Market by application?

Ans: The commercial use segment is expected to hold a higher market share in Global WPC Luxury Vinyl Tile Market by application.

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