Global VCT floor market was valued at 6207 Million US$ in 2018 and is projected to reach 8641 Million US$ by 2024
VCT floor, also called vinyl composition tile floor, is a kind of PVC floor. It is a kind of PVC tile flooring. Usually it is used in the place of house, hospital, commerce etc.
Global VCT floor market was valued at 6207 Million US$ in 2018 and is projected to reach 8641 Million US$ by 2024, at a CAGR of 5.67% during the forecast period. The key consumption markets locate at developed countries. The US takes the market share of 32%, followed by EU with 28%. China consumption market has a quicker growing speed of CAGR 7%
As with many household materials, vinyl sheet and tile flooring come in residential grade and commercial grade. Residential vinyl flooring varies in thickness, method used for imprinting or decorating, and style. Commercial vinyl floorcoverings conform to specifications that require superior durability and stain resistance (particularly use-ful in hospital settings). Some commercial-grade vinyl floorcovering is non-slip for high public traffic areas.
So the future development trend of the plastic floor must be environmentally friendly, comfortable, from the report, the market prospect is still very great, especially in developing countries, such as China, plastic flooring market share is far less than in Europe and America.
The production process determines the quality of the products. Currently there have two different production processes of PVC floor: rolling method and coating method. Homogeneous structure of PVC floor usually is manufactured by rolling method. Multilayer composite structure of PVC floor usually is manufactured by rolling method and coating method. Wear resistance is an important technical parameter to measure the PVC floor. So the developmental direction of PVC should be:
1. Environmentally friendly
2. Comfortable
3. Wear-resisting
4. Appearance
Key players in global VCT floor market include: LG Chem, Armstrong, Gerflor, Tarkett, Bonie, Polyflor, Hanwha, Forbo, Mondo, Nora, Takiron, Serfloor, NOX, Dooli, Congoleum, Grabo, Prolong, IVC Group, Beauflor, Yihua, Changzhou Jinhai, Kentier, Weilianshun etc.