Rubber flooring market forecast at $252 billion in 2031
Pune, India – According to Adroit Market Research, the size of the Rubber flooring market is expected to be worth US$ 252.0 billion in 2031, growing at a CAGR of 6.1% from 2021 to 2031. Rubber flooring’s wide range of uses in a variety of settings and sectors has led to the market’s notable expansion in recent years. Rubber flooring is a category of resilient flooring composed mainly of synthetic or natural rubber materials. High-traffic locations like gyms, hospitals, schools, and commercial spaces are a great fit for this material because of its reputation for durability, slip resistance, sound absorption, and ease of maintenance. Rubber flooring can be laid in a number of ways to accommodate different needs and preferences. It is available as tiles, sheets, and mats.
Rubber flooring is a popular choice for both indoor and outdoor environments because of its toughness and ability to endure heavy foot activity and wear and tear. Rubber flooring is ideal for locations like playgrounds and sports facilities where comfort and safety are top priorities since it has superior shock-absorbing qualities. Because of its resilience to stains and moisture, it lasts longer and is easier to clean and maintain, which adds to its attractiveness in a variety of applications. Recycled rubber material s are becoming more and more popular in flooring goods as concerns about sustainability grow. This is in keeping with the industry’s rising need for ecologically friendly building and construction solutions.
It is projected that recycled rubber flooring will rule the world market for rubber flooring. Due to its low cost and environmental advantages, this type of flooring is gaining popularity. Rubber waste, such as tires, is processed to create sheets or tiles that are used as flooring. We call this method “recycled rubber flooring.” The desire to reduce waste and the increasing emphasis on sustainability are driving the demand for recycled rubber flooring.
is projected that the commercial sector will hold a significant portion of the global market. The rising use of rubber flooring in business settings including retail stores, offices, and lodging facilities can be blamed for this. For places with heavy foot traffic, rubber flooring is a great option because of its exceptional durability, slip resistance, and noise reduction qualities. Further boosting rubber flooring’s popularity in the commercial market are the aesthetically pleasing designs that have been made possible by technological breakthroughs in the field.
The rubber flooring industry in the Asia Pacific region is expanding significantly as a result of the region’s quick industrialization, urbanization, and infrastructure development. The market in this region is being driven by growing awareness of the advantages of rubber flooring, including its durability, ease of maintenance, and aesthetic appeal. Additionally, Asia Pacific’s need for rubber flooring is bolstered by the expanding healthcare industry as well as the growing number of gyms and sports facilities.
The key players in the global rubber flooring market are essential to the development and expansion of the industry. Their expertise in production and delivery allows the m to actively participate in the launch of new goods, innovations, and tactics that shape the market and satisfy the wide range of needs of consumers throughout the world.
The top players in the rubber flooring market include Warco Rubber Tiles, PlaySafe Surface Systems, Rephouse Ltd., ARTOULIN, LG Hausys Ltd., Nora Systems, Inc., Versaflex Incorporated, Dinoflex Group, and Amorim Sports Flooring.
The world leader in modular flooring solutions, Interface Inc., announced in June 2020 that it would acquire Nora Flooring Systems, a prominent rubber flooring company.
A new technological advancement in rubber flooring was unveiled in July 2019 by the Swedish engineering organization Trelleborg AB. With its improved durability and slide resistance for marine environments, the business introduced its Marine Flooring Application Seal (MFAS).
The rubber flooring solutions expert Rephouse Ltd. increased its global footprint in September 2018 by establishing a new manufacturing site in Malaysia. This measure was taken in response to the Asia-Pacific region’s growin g demand for rubber flooring.