The demand for flooring is increasing and it is already gaining momentum with demand created in many of the upcoming projects like those for commercial malls, schools, and hospitals. There is also a demand for residential, which can be for household purposes. And people nowadays, while making their homes, use various designs and different types of flooring are used. Non-resilient flooring is most in demand. It has four types, and those are ceramic tile flooring, stone flooring, wood flooring, and terrazzo flooring. These types are the most demanded and are installed in most houses. Surfaces that are subjected to corrosion, wear, or tension, such as those found in industrial facilities, stores, and chemical plants, are coated with floor coatings. Many types of floor coatings, such as polyurethane and epoxy-based coatings, are extensively used in resurfacing and stain removal. The rise of the construction industry, as well as the rising use of coverings in institutional, commercial, and residential applications, is driving the floor coatings market. Furthermore, as the country’s population increases, so does its industrialization, which has boosted demand for floor coverings. Furthermore, the market participants can benefit from an increase in infrastructure investment as well as rising demand for paints and coatings from the energy industry. According to the research report, "South Africa Flooring Market Outlook, 2027," published by Bonafide Research, the flooring market is anticipated to grow at a 5.31% CAGR in terms of value during this forecasted period. The industry's growth has been influenced by increasing expenditure on flooring research and development by prominent market competitors. Different types of flooring have grown in popularity in every part of the world, including South Africa. The majority of firms provide these goods for home use, both resilient and non-resilient. Residential resilience is in high demand, and development is on the rise. They want the outside as well as the inside to be created. As a result, there has been an increase in demand, which has supported market expansion. Carpets and rugs, both resilient and non-resilient, are also in high demand. Because of the on-going construction of buildings, malls, and corporate organizations, the market is likely to rise substantially. And all of this will lead to an increase in market growth. The unstable raw material costs, as well as the rise in health and environmental concerns, are expected to impede the growth of the flooring materials market over the forecast period.
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Furthermore, the increased need for greater concrete surface strength has sparked new product development opportunities for manufacturers all over the world. The use of concrete floor coatings has assisted the growth of the flooring market. Furthermore, the market is expected to develop due to the increasing rise of the residential sector. Furthermore, developing economies such as Eastern Cape, Gauteng, Limpopo, and North Cape are expected to provide abundant potential opportunities for global floor coating market participants, owing to increased government support for infrastructure expenditures and construction industry expansion. Here are some of the features which many of the end users consider before installing this flooring and tiles. Some of the non-resilient flooring types are hardwood flooring, engineered wood flooring, laminated flooring, stone flooring. Hardwood flooring is made from a single piece of milled wood and is made entirely of solid wood. Maple, oak, walnut, and cherry are among the popular hardwood species. Many property purchasers like it because of its adaptability and quality. It is one of the more costly flooring materials available, and it requires regular upkeep to keep it looking beautiful, such as using a professional hardwood floor cleaner once a month and applying a new coat of polish every three to five years. It costs around USD 5 to USD 10 per square foot. Engineered wood flooring is also affordable, and it is thin and hardwood bonded over a high quality plywood substrate. In most cities, this type of wood flooring is installed. And yes, it has greater resistance to moisture and water than real wood. It can be done in multiple installations as well. Considered in this report: • Geography: South Africa • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027
Aspects covered in this report: •South Africa Flooring Market with its value and forecast along with its segments • Application wise flooring market distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By material flooring material type in the report: • Resilient Flooring (Vinyl & Others include Cork, linoleum, rubber, resin) • Non-resilient flooring (Ceramic, wood, laminate, stone, terrazzo & other include bamboo) • Carpet and Rugs End use of flooring market in the report: • Residential • Commercial • Industrial
The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flooring industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.