Market Summary:

The global Fiber Glass Flooring market had a valuation of USD 734.58 million in 2022 and is projected to reach USD 1140.23 million by 2032, showcasing a substantial revenue Compound Annual Growth Rate (CAGR) of 5% during the forecast period. Several significant factors contribute to the growth of market revenue, including the increasing demand for durable and eco-friendly flooring solutions, the growing utilization of fiberglass in construction and building ventures, and the incorporation of fiberglass in residential and commercial construction projects worldwide. Additionally, the popularity of fiber glass flooring is on the rise due to its ease of installation and lower maintenance costs.

The healthcare industry is experiencing an increased demand for fiberglass flooring, particularly for hospital floors, laboratories, and other healthcare facilities, owing to its exceptional resistance to moisture, mold, and bacteria. Furthermore, fiberglass flooring is gaining traction in commercial and industrial settings, including manufacturing facilities and warehouses, thanks to its slip-resistant properties.

Furthermore, the introduction of advanced fiberglass flooring options such as anti-static, fire-resistant, and sound-absorbing flooring is anticipated to drive market revenue growth. Given that fiberglass is a recyclable and environmentally friendly material, the demand for fiber glass flooring is surging in tandem with the growing acceptance of green building practices and sustainable flooring solutions.

However, factors like high installation costs and the availability of more economical alternatives, such as vinyl flooring, have the potential to hinder the growth of market revenue.

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Strategic Developments:

·         In 2021, Tarkett acquired assets of Altro Limited, a UK-based company specializing in vinyl flooring products for commercial and industrial applications. The acquisition was aimed at expanding Tarkett's product portfolio in the healthcare and education sectors.

·         In 2020, Gerflor Group acquired Connor Sports, a US-based manufacturer of sports flooring. The acquisition was aimed at expanding Gerflor's presence in the global sports flooring market.

·         In 2020, Polyflor Ltd. launched a new range of luxury vinyl tiles (LVT) called the Camaro Collection. These tiles are designed to resemble real wood and stone, and offer durability and low maintenance. The collection includes over 100 designs and is aimed at the residential and commercial markets.

·         In 2020, Interface, Inc. launched a new line of carpet tiles called the Brushed Lines Collection. These tiles feature a textured linear design and are made with recycled materials. The collection is aimed at the commercial market.

·         In 2020, James Halstead Plc acquired Polystyl S.A., a Spanish manufacturer of resilient floor coverings. The acquisition was aimed at expanding James Halstead's presence in the European market.

Fiber Glass Flooring Market Report Scope

Leading Players in the Fiber Glass Flooring Market:

The market for fiberglass flooring is characterized by intense competition, featuring numerous significant players, both large and medium-sized, vying for a slice of the market share. Among the key companies operating within the global fiberglass flooring market are:

·         Armstrong World Industries

·         Mannington Mills

·         Tarkett

·         Forbo Holding AG

·         Gerflor Group

·         Polyflor Ltd.

·         Interface, Inc.

·         Shaw Industries Group

·         James Halstead Plc

·         Mohawk Industries

·         Burke Industries

·         Congoleum Corporation

·         Koninklijke DSM N.V.

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