The global vinyl flooring market has witnessed a healthy growth over the past several years. The growing popularity of vinyl flooring, particularly in the commercial sector, and the availability of a variety in the product line have led to a rise in its demand.
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The latest report by IMARC Group titled, “Vinyl Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global vinyl flooring market reached a volume of 950 Million Sq. Metres in 2016, growing at a CAGR of 4% during 2009-2016. A new type of resilient flooring, vinyl flooring is a more durable and cost-effective system as compared to the other modes of flooring, such as wood, concrete, ceramic and marble. It is made of a combination of natural and synthetic polymer materials which are placed in repeating structural units. A vinyl flooring system is known to create a cushion-effect which makes the floor less slippery and helps in reducing the impact of heavy objects. Owing to its affordability, durability and aesthetics, vinyl flooring has gained immense popularity over the years.
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