Fiberglass Flooring Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East and Africa), And Segment Forecasts, 2023 - 2030

Fiberglass Flooring Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East and Africa), And Segment Forecasts, 2023 - 2030

Fiberglass Flooring Market Growth & Trends

The global fiberglass flooring market size is expected to reach USD 1.22 billion by 2030, according to a new report conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2023 to 2030. The growing application in industrial, residential, and commercial buildings owing to the longer lifespan of floors coupled with better aesthetics will drive growth over the upcoming years. Moreover, the rising demand for residential buildings in light of population growth, increasing income levels, and favorable government initiatives will aid in industry development.

The usage of these products in the industrial sector will witness substantial revenue rise at a CAGR of 6.8% from 2016 to 2025. Factors such as low maintenance and anti-allergen are expected to spur the demand for these products over the upcoming years. Strong growth in the construction industry in emerging countries such as China, India, Singapore, Brazil, Thailand, Indonesia, Mexico, UAE, South Africa, Saudi Arabia, Qatar, and South Korea will create growth opportunities for the market in the future.

Fiberglass Flooring Market Report Highlights

• The commercial segment accounted for the largest revenue share of 53.7% in 2022 and is expected to grow at the fastest CAGR of 5.7% during the forecast period
• Central & South America is anticipated to grow at a lucrative rate during the forecast period, in light of rising demand for residential buildings.
• Residential construction is projected to witness substantial gains owing to the rising need for houses in emerging countries including China, India, Brazil, and South Africa
• Companies are focusing on strategic partnerships and alliances for strengthening their positions in the global market. In January 2013, the IVC Group announced the acquisition of Trinterio, which led to the introduction of two new subdivisions to the IVC Group, Spanolux, and Balterio

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