Global PVC-free LVT Flooring Market Growth 2023-2029

Global PVC-free LVT Flooring Market Growth 2023-2029

PVC stands for polyvinyl chloride or vinyl. This ingredient is found in products such as vinyl, luxury vinyl tile, vinyl composition tile, sheet vinyl, etc. Vinyl is a man made chemical that studies have shown releases dioxins that are persistent in the environment. There are also life cycle implications of PVC as it has a high chlorine content and phthalates, and it's very difficult to recycle. Thus, PVC-free products are specifically products that do not contain polyvinyl chloride. Their ingredients vary and can range from alternative chemical compositions, to bio-based products. Some will work best in low traffic areas, and some will perform equal or better than vinyl even in high traffic areas. Many of these products are available in both plank and tile options. And a high percentage of them have Declare labels and are Red-List Free, or contain recycled content in addition to being PVC free.

LPI (LP Information)' newest research report, the “PVC-free LVT Flooring Industry Forecast” looks at past sales and reviews total world PVC-free LVT Flooring sales in 2022, providing a comprehensive analysis by region and market sector of projected PVC-free LVT Flooring sales for 2023 through 2029. With PVC-free LVT Flooring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PVC-free LVT Flooring industry.

This Insight Report provides a comprehensive analysis of the global PVC-free LVT Flooring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PVC-free LVT Flooring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global PVC-free LVT Flooring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PVC-free LVT Flooring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PVC-free LVT Flooring.

The global PVC-free LVT Flooring market size is projected to grow from US$ 172 million in 2022 to US$ 533.5 million in 2029; it is expected to grow at a CAGR of 533.5 from 2023 to 2029.

Teknoflor is the largest manufacturer of global PVC-free LVT flooring market, other key players include CLASSEN Group, NOX Corporation, and Roppe, etc. North America is the largest market, occupied for over 50 percent, followed by Europe. In terms of type, bio-based material is the largest segment, with a share about 70%, and in terms of application, the commercial use segment holds share about 90 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of PVC-free LVT Flooring market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Mineral Materials
Bio-based Materials
Others

Segmentation by application
Residential Use
Commercial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Upofloor
Windmöller
CLASSEN Group
Tarkett
NOX Corporation
Roppe
Mannington
Teknoflor
Patcraft
Novalis
Forbo
Shaw
Gerflor

Key Questions Addressed in this Report

What is the 10-year outlook for the global PVC-free LVT Flooring market?

What factors are driving PVC-free LVT Flooring market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do PVC-free LVT Flooring market opportunities vary by end market size?

How does PVC-free LVT Flooring break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.