Vinyl Flooring Market To Reach US$73 Billion By 2030

The global vinyl flooring market size is expected to reach US$73 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2 per cent during the forecast period of 2023 to 2030, says a report by IndustryARC. The growth is due to the rising demand for waterproof, stain-resistant, and slip-resistant floor coverings. Increased residential construction and a focus on home decor are fuelling the vinyl flooring industry with the emergence of stone polymer composite (SPC) vinyl flooring playing a key role. The product type had $3.85 billion in sales in 2021.