Mar 9, 2025
IndexBox has just published a new report: World – Floor, Wall Or Ceiling Coverings Of Plastics – Market Analysis, Forecast, Size, Trends and Insights.
The global market for plastics coverings is projected to continue growing steadily over the next decade due to rising demand worldwide. By 2035, market volume is expected to reach 6.7B square meters, with a value of $20.3B. Despite a slight deceleration in market performance, the industry is forecasted to see positive growth rates of +1.1% in volume and +1.7% in value terms.
Market Forecast
Driven by increasing demand for floor, wall or ceiling coverings of plastics worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 6.7B square meters by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $20.3B (in nominal wholesale prices) by the end of 2035.
Consumption
World’s Consumption of Floor, Wall Or Ceiling Coverings Of Plastics
In 2024, approx. 5.9B square meters of floor, wall or ceiling coverings of plastics were consumed worldwide; reducing by -1.7% against the previous year’s figure. The total consumption volume increased at an average annual rate of +2.7% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption of reached the peak volume at 6.8B square meters in 2019; however, from 2020 to 2024, consumption failed to regain momentum.
The size of the market for floor, wall or ceiling coverings of plastics worldwide reached $16.8B in 2024, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated tangible growth from 2013 to 2024: its value increased at an average annual rate of +4.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -4.6% against 2021 indices. Over the period under review, the global market reached the peak level at $17.6B in 2021; however, from 2022 to 2024, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2024 were China (1.1B square meters), the United States (654M square meters) and Russia (406M square meters), with a combined 37% share of global consumption. India, the UK, Mexico, Canada, Japan, Pakistan and Indonesia lagged somewhat behind, together accounting for a further 26%.
From 2013 to 2024, the biggest increases were recorded for Canada (with a CAGR of +9.0%), while plastics for the other global leaders experienced more modest paces of growth.
In value terms, China ($3.1B), the United States ($2.9B) and Russia ($976M) appeared to be the countries with the highest levels of market value in 2024, with a combined 42% share of the global market. India, Canada, Japan, the UK, Mexico, Pakistan and Indonesia lagged somewhat behind, together comprising a further 20%.
In terms of the main consuming countries, Canada, with a CAGR of +8.8%, saw the highest growth rate of market size over the period under review, while plastics for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of plastic floor, wall and ceiling coverings per capita consumption in 2024 were Canada (5.4 square meters per person), the UK (4 square meters per person) and Russia (2.8 square meters per person).
From 2013 to 2024, the biggest increases were recorded for the UK (with a CAGR of +8.3%), while plastics for the other global leaders experienced more modest paces of growth.
Production
World’s Production of Floor, Wall Or Ceiling Coverings Of Plastics
In 2024, global production of floor, wall or ceiling coverings of plastics contracted to 6B square meters, approximately reflecting the year before. Overall, the total production indicated notable growth from 2013 to 2024: its volume increased at an average annual rate of +2.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +11.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Global production peaked at 8.3B square meters in 2019; however, from 2020 to 2024, production remained at a lower figure.
In value terms, production of floor, wall or ceiling coverings of plastics reached $16.6B in 2024 estimated in export price. In general, the total production indicated moderate growth from 2013 to 2024: its value increased at an average annual rate of +3.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -7.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. Over the period under review, global production of attained the maximum level at $18B in 2019; however, from 2020 to 2024, production remained at a lower figure.
Production By Country
China (2.7B square meters) constituted the country with the largest volume of production of floor, wall or ceiling coverings of plastics, accounting for 45% of total volume. Moreover, production of floor, wall or ceiling coverings of plastics in China exceeded the figures recorded by the second-largest producer, South Korea (555M square meters), fivefold. The third position in this ranking was taken by Vietnam (413M square meters), with a 6.9% share.
From 2013 to 2024, the average annual rate of growth in terms of volume in China amounted to +2.7%. The remaining producing countries recorded the following average annual rates of production growth: South Korea (+5.1% per year) and Vietnam (+22.8% per year).
Imports
World’s Imports of Floor, Wall Or Ceiling Coverings Of Plastics
After three years of growth, overseas purchases of floor, wall or ceiling coverings of plastics decreased by -0.1% to 3.5B square meters in 2024. Overall, total imports indicated temperate growth from 2013 to 2024: its volume increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. Global imports peaked at 5B square meters in 2019; however, from 2020 to 2024, imports failed to regain momentum.
In value terms, imports of floor, wall or ceiling coverings of plastics stood at $11.9B in 2024. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, global imports of hit record highs at $13.9B in 2022; however, from 2023 to 2024, imports remained at a lower figure.
Imports By Country
In 2024, the United States (679M square meters), distantly followed by the UK (279M square meters) and Canada (247M square meters) represented the major importers of floor, wall or ceiling coverings of plastics, together mixing up 34% of total imports. Russia (141M square meters), Australia (131M square meters), the Netherlands (95M square meters), Germany (90M square meters), Indonesia (86M square meters), Vietnam (76M square meters) and Brazil (71M square meters) took a minor share of total imports.
Imports into the United States increased at an average annual rate of +4.8% from 2013 to 2024. At the same time, Vietnam (+31.3%), Australia (+10.7%), Indonesia (+7.8%), the UK (+7.5%), Canada (+6.9%), Brazil (+5.2%), the Netherlands (+4.1%) and Russia (+3.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +31.3% from 2013-2024. By contrast, Germany (-7.5%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the UK, the United States, Canada, Vietnam and Australia increased by +2.8, +2.7, +2.2, +2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($4.1B) constitutes the largest market for imported floor, wall or ceiling coverings of plastics worldwide, comprising 34% of global imports. The second position in the ranking was taken by Canada ($621M), with a 5.2% share of global imports. It was followed by Germany, with a 5.1% share.
From 2013 to 2024, the average annual growth rate of value in the United States amounted to +13.0%. In the other countries, the average annual rates were as follows: Canada (+6.3% per year) and Germany (+2.2% per year).
Imports By Type
PVC floor, wall and ceiling coverings represented the key type of floor, wall or ceiling coverings of plastics in the world, with the volume of imports resulting at 3B square meters, which was approx. 85% of total imports in 2024. It was distantly followed by non-PVC floor, wall and ceiling coverings (543M square meters), committing a 15% share of total imports.
Imports of PVC floor, wall and ceiling coverings increased at an average annual rate of +3.3% from 2013 to 2024. At the same time, non-PVC floor, wall and ceiling coverings (+3.7%) displayed positive paces of growth. Moreover, non-PVC floor, wall and ceiling coverings emerged as the fastest-growing type imported in the world, with a CAGR of +3.7% from 2013-2024. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, PVC floor, wall and ceiling coverings ($10.4B) constitutes the largest type of floor, wall or ceiling coverings of plastics imported worldwide, comprising 87% of global imports. The second position in the ranking was held by non-PVC floor, wall and ceiling coverings ($1.6B), with a 13% share of global imports.
From 2013 to 2024, the average annual rate of growth in terms of the value of PVC floor, wall and ceiling coverings imports stood at +7.1%.
Import Prices By Type
The average import price for floor, wall or ceiling coverings of plastics stood at $3.4 per square meter in 2024, remaining constant against the previous year. Overall, the import price showed noticeable growth. The pace of growth appeared the most rapid in 2020 an increase of 77%. Over the period under review, average import prices attained the maximum at $3.9 per square meter in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major imported products. In 2024, the product with the highest price was PVC floor, wall and ceiling coverings ($3.5 per square meter), while the price for non-PVC floor, wall and ceiling coverings stood at $2.9 per square meter.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by PVC floor, wall and ceiling coverings (+3.7%).
Import Prices By Country
The average import price for floor, wall or ceiling coverings of plastics stood at $3.4 per square meter in 2024, approximately equating the previous year. Over the period under review, the import price saw a measured increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 77%. Over the period under review, average import prices reached the maximum at $3.9 per square meter in 2022; however, from 2023 to 2024, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($6.7 per square meter), while Indonesia ($799 per thousand square meters) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the other global leaders experienced more modest paces of growth.
Exports
World’s Exports of Floor, Wall Or Ceiling Coverings Of Plastics
Global exports of floor, wall or ceiling coverings of plastics totaled 3.6B square meters in 2024, picking up by 1.8% compared with 2023. In general, exports recorded a temperate expansion. The growth pace was the most rapid in 2017 with an increase of 71%. The global exports peaked at 6.5B square meters in 2019; however, from 2020 to 2024, the exports failed to regain momentum.
In value terms, exports of floor, wall or ceiling coverings of plastics declined to $13B in 2024. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. Over the period under review, the global exports of reached the maximum at $14.9B in 2022; however, from 2023 to 2024, the exports remained at a lower figure.
Exports By Country
In 2024, China (1.6B square meters) represented the main exporter of floor, wall or ceiling coverings of plastics, constituting 44% of total exports. It was distantly followed by South Korea (584M square meters) and Vietnam (423M square meters), together comprising a 28% share of total exports. The following exporters – Mexico (129M square meters), India (114M square meters), Belgium (108M square meters), Turkey (82M square meters) and Taiwan (Chinese) (67M square meters) – together made up 14% of total exports.
Exports from China increased at an average annual rate of +1.7% from 2013 to 2024. At the same time, Vietnam (+42.4%), Mexico (+34.7%), Turkey (+14.3%), India (+8.6%), South Korea (+7.4%) and Taiwan (Chinese) (+3.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +42.4% from 2013-2024. By contrast, Belgium (-1.6%) illustrated a downward trend over the same period. While the share of Vietnam (+11 p.p.), South Korea (+6.6 p.p.), Mexico (+3.4 p.p.), Turkey (+1.6 p.p.) and India (+1.5 p.p.) increased significantly in terms of the global exports from 2013-2024, the share of Belgium (-1.6 p.p.) and China (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($6.7B) remains the largest plastic floor, wall and ceiling coverings supplier worldwide, comprising 51% of global exports. The second position in the ranking was held by Vietnam ($1.1B), with an 8.3% share of global exports. It was followed by South Korea, with a 7% share.
From 2013 to 2024, the average annual rate of growth in terms of value in China totaled +10.5%. In the other countries, the average annual rates were as follows: Vietnam (+51.0% per year) and South Korea (+7.4% per year).
Exports By Type
PVC floor, wall and ceiling coverings was the major exported product with an export of around 3.2B square meters, which resulted at 89% of total exports. It was distantly followed by non-PVC floor, wall and ceiling coverings (396M square meters), making up an 11% share of total exports.
PVC floor, wall and ceiling coverings was also the fastest-growing in terms of exports, with a CAGR of +2.5% from 2013 to 2024. Non-PVC floor, wall and ceiling coverings experienced a relatively flat trend pattern. While the share of PVC floor, wall and ceiling coverings (+1.7 p.p.) increased significantly in terms of the global exports from 2013-2024, the share of non-PVC floor, wall and ceiling coverings (-1.7 p.p.) displayed negative dynamics.
In value terms, PVC floor, wall and ceiling coverings ($10.7B) remains the largest type of floor, wall or ceiling coverings of plastics supplied worldwide, comprising 82% of global exports. The second position in the ranking was taken by non-PVC floor, wall and ceiling coverings ($2.3B), with an 18% share of global exports.
From 2013 to 2024, the average annual rate of growth in terms of the value of PVC floor, wall and ceiling coverings exports stood at +6.8%.
Export Prices By Type
In 2024, the average export price for floor, wall or ceiling coverings of plastics amounted to $3.6 per square meter, with a decrease of -7.8% against the previous year. Overall, the export price, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 147% against the previous year. The global export price peaked at $4 per square meter in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.
Prices varied noticeably by the product type; the product with the highest price was non-PVC floor, wall and ceiling coverings ($5.8 per square meter), while the average price for exports of PVC floor, wall and ceiling coverings totaled $3.3 per square meter.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by non-PVC floor, wall and ceiling coverings (+6.3%).
Export Prices By Country
In 2024, the average export price for floor, wall or ceiling coverings of plastics amounted to $3.6 per square meter, waning by -7.8% against the previous year. Overall, the export price, however, enjoyed perceptible growth. The growth pace was the most rapid in 2020 when the average export price increased by 147%. The global export price peaked at $4 per square meter in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Belgium ($6.4 per square meter), while India ($919 per thousand square meters) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the other global leaders experienced more modest paces of growth.
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