Global LVT Floor Market Size is Projected to Reach USD 9858.61 million by the end of 2024

Publisher: QYResearch

Published Date: 2019/10/11

LVT Floor is well received in the world in recent years, the sale volume of LVT Floor increased from 196073 K Sq.m. in 2013 to 523595 K Sq.m. in 2018, with an average growth rate of more than 21.77%. North America, Europe and Asia-Pacific are the main consumption regions. Europe is the biggest consumption country in the world followed by USA.

LVT Floor downstream is wide and the main application fields are residential and commercial use. Globally, residential use accounts for nearly 69.05% of total downstream consumption volume of LVT Floor in global in 2018.

According to the type, it can be divided into Flexible LVT Floor and Rigid LVT Floor. Flexible LVT Floor is the main product, capturing about 69.05% of global consumption of LVT Floor in 2018.

According to our research and analysis, China is the largest production region and exports significant amounts to USA and Europe countries. Tarkett is the biggest manufacturer in the world with sale volume of 50717 K Sq.m in 2018.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, LVT Floor consumption will show a trend of steady growth. In 2024, the consumption of LVT Floor is estimated to be 1276432 K Sq.m.

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