Fiberglass Flooring Market Forecast Report

   2021-04-22       6        Technology
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Market Size – USD 698.9 million in 2019, Market Growth - CAGR of 7.1%, Market Trends – Rising focus on urbanization, especially in developing nations
The global  is expected to be valued at USD 1.17 Billion in 2027 from USD 698.9 Million in 2019, registering a CAGR of 7.1% through the forecast period. Fiberglass is a fiber-reinforced plastic material made with glass fiber combined with glass fiber, which is usually woven into a fabric or flattened into a sheet. Fiberglass flooring has gained rapid traction worldwide due to fiberglass’s superior properties, such as non-conductive and waterproof nature, comfortable cushioning, electromagnetic radiation, high durability, cost-effectiveness, and environmental sustainability. Fiberglass is highly customizable and is often widely used as an assistance material in a wide range of flooring products. As a lightweight material, fiberglass is used in vinyl flooring products, such as luxury vinyl tiles and vinyl sheets. Hence, this type of flooring is easy to install and is most suitable for residential and commercial construction applications. Besides, it has a high aesthetic value and requires low maintenance.

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