The Composite Floor Market is expected to register a CAGR of 6.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Stone Plastic Composite Flooring, Wood Plastic Composite Flooring Others). The report is also segmented by Application (Residential and Non-Residential). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Composite Floor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Composite Floor Market Segmentation
Type- Stone Plastic Composite Flooring
- Wood Plastic Composite Flooring
- Residential and Non-Residential
Strategic Insights
Composite Floor Market Growth Drivers- Sustainability Driving Market Growth: Sustainable development has become one of the main concerns of either buyers or organizations, which in turn, encourages the search for materials that are environmentally friendly. Mostly composite floors also referred to as green floors are manufactured using ecofriendly and often recycled materials. Innovation and expansion of sustainable products offered in the market is the reason why these studies show growth in the composite floor market.
- Technological Advancements in Manufacturing: Evolution of technology has also improved the way composite floors are made. New techniques such as improved bonding processes and surface finishing enable the manufacture of more artistic and strong products. This attracts the customers and gives the manufacturers a chance to carry a wide range of goods in the market thus broadening the market.
- Growth in Construction and Renovation: The implacable expansion of the construction and renovation activity plays a major role in the rise of composite floor market. With every new residential or commercial project, comes the rising demand of changing or providing better flooring options. Composite floors which are easy to install and withstand wear and tear are steadily growing to become an ideal solution for builders as well as homeowners.
- Sustainability Driving Market Change: The composite floor market is undergoing a noticeable shift towards sustainability with consumers showing a marked preference for environmentally friendly materials. Finished goods of recycled content especially wood plastic composites (WPC), can be seen gaining traction. This is just a microcosm of a large phenomenon: a willingness to bear the costs associated with the responsibility towards the environment, which is causing a revolution in sustainable flooring solutions.
- Rapid Growth of Wood-Plastic Composites (WPC): The wood plastic composite flooring is set to rapid growth combined with the construction activities in several region. Its property of being durable and appealing to the eye while precutting maintenance makes it an option for both the commercial and residential sectors. This is likely to continue as WPC benefits are learned by both – consumers and builders.
- Advancements in Manufacturing Techniques: Modification of manufacturing techniques is one of the elementary factors driving change in the composite floor market. Other changes include; advanced surface treatments and superior bonding that result in better products with improved performance and durability. Such changes are not only directed at the improvement of consumer satisfaction but also increasing possible uses of composite floorings.
- Growth in Emerging Economies: Emerging economies particularly located within the Asia-Pacific and Latin America regions offer enormous growth possibilities, for the composite floor market. With more people migrating to urban centers and a steady rise in the economically endowed class, there is an increasing need for cheap and long-lasting flooring. This trend is driving the manufacturers to customize the products in accordance with the regional tastes and preferences.
- Expansion of Stone Plastic Composite (SPC) Flooring: The Stone Plastic Composite (SPC) flooring segment is projected to experience significant growth. Its durability, water resistance, and ease of installation make it an attractive option for both residential and commercial applications which creates avenues for manufacturers to extend their product offerings.
- Rise in Home Renovations: The ongoing trend of home renovation and remodeling has led to an increase in the use of composite materials for flooring solutions. Homeowners are now searching for modern, enduring, and easy to maintain flooring for their homes. This trend is allowing the manufacturers of their products to promote them well and meet the changing tastes and preferences of people.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Composite Floor Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Composite Floor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the composite floor market.
The growth of wood plastic composite flooring is likely to remain the key trend in the market.
CLASSEN Group, Pergo, Kronoflooring, Alsafloor SA, Abet, Balterio, Milwaukee Composites, Comflor, MP Global Products, and NewTechWood are among the leading players operating in the composite floor market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Growing demand for sustainable flooring solutions is driving the market growth
The Composite Floor Market is estimated to witness a CAGR of 6.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Composite Floor Market - By Type
1.3.2 Composite Floor Market - By Application
1.3.3 Composite Floor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPOSITE FLOOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COMPOSITE FLOOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COMPOSITE FLOOR MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPOSITE FLOOR - GLOBAL MARKET OVERVIEW
6.2. COMPOSITE FLOOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPOSITE FLOOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH PRESSURE LAMINATED FLOORING
7.3.1. Overview
7.3.2. High Pressure Laminated Flooring Market Forecast and Analysis
7.4. SOLID WOOD COMPOSITE FLOOR
7.4.1. Overview
7.4.2. Solid Wood Composite Floor Market Forecast and Analysis
7.5. PVC COMPOSITE FLOOR
7.5.1. Overview
7.5.2. PVC Composite Floor Market Forecast and Analysis
8. COMPOSITE FLOOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. COMPOSITE FLOOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Composite Floor Market Overview
9.1.2 North America Composite Floor Market Forecasts and Analysis
9.1.3 North America Composite Floor Market Forecasts and Analysis - By Type
9.1.4 North America Composite Floor Market Forecasts and Analysis - By Application
9.1.5 North America Composite Floor Market Forecasts and Analysis - By Countries
9.1.5.1 United States Composite Floor Market
9.1.5.1.1 United States Composite Floor Market by Type
9.1.5.1.2 United States Composite Floor Market by Application
9.1.5.2 Canada Composite Floor Market
9.1.5.2.1 Canada Composite Floor Market by Type
9.1.5.2.2 Canada Composite Floor Market by Application
9.1.5.3 Mexico Composite Floor Market
9.1.5.3.1 Mexico Composite Floor Market by Type
9.1.5.3.2 Mexico Composite Floor Market by Application
9.2. EUROPE
9.2.1 Europe Composite Floor Market Overview
9.2.2 Europe Composite Floor Market Forecasts and Analysis
9.2.3 Europe Composite Floor Market Forecasts and Analysis - By Type
9.2.4 Europe Composite Floor Market Forecasts and Analysis - By Application
9.2.5 Europe Composite Floor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Composite Floor Market
9.2.5.1.1 Germany Composite Floor Market by Type
9.2.5.1.2 Germany Composite Floor Market by Application
9.2.5.2 France Composite Floor Market
9.2.5.2.1 France Composite Floor Market by Type
9.2.5.2.2 France Composite Floor Market by Application
9.2.5.3 Italy Composite Floor Market
9.2.5.3.1 Italy Composite Floor Market by Type
9.2.5.3.2 Italy Composite Floor Market by Application
9.2.5.4 United Kingdom Composite Floor Market
9.2.5.4.1 United Kingdom Composite Floor Market by Type
9.2.5.4.2 United Kingdom Composite Floor Market by Application
9.2.5.5 Russia Composite Floor Market
9.2.5.5.1 Russia Composite Floor Market by Type
9.2.5.5.2 Russia Composite Floor Market by Application
9.2.5.6 Rest of Europe Composite Floor Market
9.2.5.6.1 Rest of Europe Composite Floor Market by Type
9.2.5.6.2 Rest of Europe Composite Floor Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Composite Floor Market Overview
9.3.2 Asia-Pacific Composite Floor Market Forecasts and Analysis
9.3.3 Asia-Pacific Composite Floor Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Composite Floor Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Composite Floor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Composite Floor Market
9.3.5.1.1 Australia Composite Floor Market by Type
9.3.5.1.2 Australia Composite Floor Market by Application
9.3.5.2 China Composite Floor Market
9.3.5.2.1 China Composite Floor Market by Type
9.3.5.2.2 China Composite Floor Market by Application
9.3.5.3 India Composite Floor Market
9.3.5.3.1 India Composite Floor Market by Type
9.3.5.3.2 India Composite Floor Market by Application
9.3.5.4 Japan Composite Floor Market
9.3.5.4.1 Japan Composite Floor Market by Type
9.3.5.4.2 Japan Composite Floor Market by Application
9.3.5.5 South Korea Composite Floor Market
9.3.5.5.1 South Korea Composite Floor Market by Type
9.3.5.5.2 South Korea Composite Floor Market by Application
9.3.5.6 Rest of SouthEast Asia Composite Floor Market
9.3.5.6.1 Rest of SouthEast Asia Composite Floor Market by Type
9.3.5.6.2 Rest of SouthEast Asia Composite Floor Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Composite Floor Market Overview
9.4.2 Middle East and Africa Composite Floor Market Forecasts and Analysis
9.4.3 Middle East and Africa Composite Floor Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Composite Floor Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Composite Floor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Composite Floor Market
9.4.5.1.1 South Africa Composite Floor Market by Type
9.4.5.1.2 South Africa Composite Floor Market by Application
9.4.5.2 Saudi Arabia Composite Floor Market
9.4.5.2.1 Saudi Arabia Composite Floor Market by Type
9.4.5.2.2 Saudi Arabia Composite Floor Market by Application
9.4.5.3 U.A.E Composite Floor Market
9.4.5.3.1 U.A.E Composite Floor Market by Type
9.4.5.3.2 U.A.E Composite Floor Market by Application
9.4.5.4 Rest of Middle East and Africa Composite Floor Market
9.4.5.4.1 Rest of Middle East and Africa Composite Floor Market by Type
9.4.5.4.2 Rest of Middle East and Africa Composite Floor Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Composite Floor Market Overview
9.5.2 South and Central America Composite Floor Market Forecasts and Analysis
9.5.3 South and Central America Composite Floor Market Forecasts and Analysis - By Type
9.5.4 South and Central America Composite Floor Market Forecasts and Analysis - By Application
9.5.5 South and Central America Composite Floor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Composite Floor Market
9.5.5.1.1 Brazil Composite Floor Market by Type
9.5.5.1.2 Brazil Composite Floor Market by Application
9.5.5.2 Argentina Composite Floor Market
9.5.5.2.1 Argentina Composite Floor Market by Type
9.5.5.2.2 Argentina Composite Floor Market by Application
9.5.5.3 Rest of South and Central America Composite Floor Market
9.5.5.3.1 Rest of South and Central America Composite Floor Market by Type
9.5.5.3.2 Rest of South and Central America Composite Floor Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COMPOSITE FLOOR MARKET, KEY COMPANY PROFILES
11.1. ALSAFLOOR SA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BALTERIO LAMINATE FLOORING
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BEAULIEU INTERNATIONAL GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CLASSEN GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FAUS GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FORMICA GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KRONOFLOORING GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MOHAWK INDUSTRIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHAW INDUSTRIES GROUP, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TARKETT USA INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Alsafloor SA
2.Balterio Laminate Flooring
3.Beaulieu International Group
4.CLASSEN Group
5.Faus Group
6.Formica Group
7.Kronoflooring GmbH
8.Mohawk Industries
9.Shaw Industries Group, Inc
10.Tarkett USA Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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