InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Low-Carbon Flooring Market Size, Share & Trends Analysis Report By End-Use Industry (Residential, Non-Residential), Material Type (Linoleum, Wood, Cork, Bamboo, Stone, Others), Design Type (Sheets, Carpet, Blocks and Tiles), Type (Virgin Products, Recycled Solutions)- Market Outlook And Industry Analysis 2031”
The Global Low-Carbon Flooring Market is valued at US$ 63.8 Bn in 2023, and it is expected to reach US$ 117.2 Bn by 2031, with a CAGR of 8.1 % during the forecast period of 2024-2031.
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Low-carbon flooring is an environmentally friendly material and system of diminishing effects on the environment through lessened greenhouse gas emissions. Instead of using traditional flooring products, alternative flooring is gained from renewable, recycled, or low-impact resources like bamboo and cork along with reclaimed wood, and linoleum. Minimally waste-generating manufacturing processes are also included in production. This market has many types of low-carbon flooring products. These include responsibly sourced wood and fast-growing bamboo, insulating cork and natural linoleum, reclaimed wood and rubber, and recyclable options. Low-carbon flooring is now utilized in many residential, commercial, educational, and health-care sectors across regions concerned with enhanced sustainability and improvement in indoor air quality.
Low-carbon flooring is important because it is part of a more sustainable built environment. Low-carbon flooring undoubtedly allows people and organizations to reduce greenhouse gas emissions and also help find a solution to lower the carbon footprint of the construction industry. Low-carbon products, for the most part, have very low VOC levels or no VOCs at all, which presents healthy indoor spaces. Recycling and recyclable low-carbon flooring options further emphasize the need to take a step forward towards an ideal circular economy-the development of waste reduction and resource reusing activities.
List of Prominent Players in the Low-Carbon Flooring Market:
• Tarkett
• Interface, Inc.
• Forbo Group
• MOHAWK INDUSTRIES, INC.
• Shaw Industries Group, Inc.
• Milliken & Company
• Kingspan Group
• Gerflor
• Amtico International
• UCX
• Parterre Flooring and Surface Systems, LLC
• Beaulieu International Group
• Congoleum
• BUILDSTAR PROJECTS PVT. LIMITED
• Teragren
• Emilceramica S.r.l.
• CLASSEN Group
• NOX CORP.
• CFL Holding Limited
Market Dynamics:
Drivers-
Environmental awareness, government policies and regulations, technological innovation, and corporate sustainability efforts are affecting the low-carbon flooring market. Growing awareness about climate change and depletion of natural resources among consumers and business operators is leading to a demand for environmentally friendly low-carbon floor materials with minimal impacts on the environment. The government encourages green construction by using low carbon material in building and in programs like ENERGY STAR and LEED, providing monetary incentives. They are now more affordable because of this technological advancement in manufacturing and how the new growth opportunities emerged through innovations in materials and designs and integrating them to smart homes.
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Challenges:
Low-carbon flooring also encompasses problems in the supply chain, few choices to select from, and higher upfront investments. It is difficult for companies to obtain environmentally friendly raw materials due to environmental policies and changes in supplies. Consumers who are looking for substitutes that are better in terms of customization will not likely consider low-carbon flooring as only a few styles and designs exist compared to regular flooring. Whereas low-carbon flooring is exposed to other disadvantages, the factor of high initial costs is associated with it, since buyers who prefer budget-friendly floors always get more attracted to cost rather than the long-term sustainable benefits.
Regional Trends:
North America has been forcing low-carbon flooring, mainly due to its solid investment in circular technologies, policy support by the government, and mounting consumer demand. Heavy investments that include the support from Milliken & Company in Orak upcycled carpet tiles reveal strength taken by the region in pursuit of the circular economy. Steadily rising consumer awareness about climate changes and resource depletion will continue to fuel demand for sustainable low-emitting flooring that supports healthier indoor environments.
Recent Developments:
• In Sep 2023, Interface, Inc. recently launched new flooring collections featuring its innovative carbon-negative backing, helping customers achieve performance and aesthetic goals while reducing their carbon footprint.
• In Oct 2023, Milliken & Company invested in Orak to advance sustainability in its floor covering business, signaling a shift towards circular economy solutions and transforming the industry’s approach to waste.
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Segmentation of Low-Carbon Flooring Market-
By End-Use Industry:
• Residential
• Non-Residential
By Material Type:
• Linoleum
• Wood
• Cork
• Bamboo
• Stone
• Others
By Design Type:
• Sheets
• Carpet
• Blocks and Tiles
By Type:
• Virgin Products
• Recycled Solutions
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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