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Flooring Market – Industry Analysis and Forecast 2027
Based on End use, the market is sub-segmented into Residential and Commercial. In 2020, the commercial category had the greatest revenue share of 74.4 % in the flooring market, and it is expected to rise at a CAGR of 6.4 % from 2021 to 2026. High-quality flooring enhances a space's interior design, which is becoming increasingly significant in commercial structures. Furthermore, flooring is critical in the business sector since commercial buildings, such as hospital buildings, see a lot of foot traffic and wear from medical equipment, and their needs are different from those of a law firm's office space. With the increase in commercial construction in various locations, the need for flooring materials is expected to expand as well.
09-Oct-2021, 01:21 PM

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