Global Parquet Flooring Market Report 2021: Manufacturers Bring Innovative Flooring Designs With Vibrant And Soothing Color Combinations To The Market

The report “Parquet Flooring Market – Growth, Trends, Impact of COVID-19, and Forecasts (2021-2026)” has been added ResearchAndMarkets.com to offer.

The global market for parquet floors has shown moderate growth in recent years.

Compared to softwood, hardwood has a more complex structure and higher density, which makes it widely used for flooring in commercial and residential spaces. Parquet is produced in different styles, colors, cuts and types of wood and thus offers the consumer versatile functions and designs.

The unique look and texture of the wood give the floor an aesthetic appeal. Wood floors are very durable in nature and last longer after installation. They are also convenient to install and require little to no routine maintenance. They don’t trap dust, mold pollen, particles, or other allergens in their fibers or grout lines, making them easy to clean and improving overall air quality.

The flourishing construction industry is primarily driving the growth of the market. Given the rapid population expansion, residential facilities are experiencing significant demand. In addition, manufacturers are bringing innovative flooring designs to market with vibrant and soothing color combinations to suit diverse consumer preferences

Major market trends

Largest wood-based panel segment

The demand for wood-based panels is expected to remain high over the forecast period as it is a suitable alternative to concrete and hardwood. Wood-based panels are widely used by architects, builders, code officials and building planners who are aware of energy efficient growing methods that save energy, speed construction, cut labor costs and reduce waste.

Due to the high disposable income and widespread awareness of the benefits of wood-based materials among the population, the segment is expected to develop faster in North America and Europe.

The wood parquet segment made a large contribution to total sales in 2019. One of the advantages of wood-based products is that they can be designed according to the needs and individual specifications of the end user. Ease of maintenance and the uniqueness of the colorful design are among other things that drive the growth of the segment.

The story goes on

Competitive landscape

The report covers the major international players in the Parquet Flooring Market. In terms of market share, few of the big players currently dominate the market.

With technological progress and product innovations, however, medium-sized to smaller companies are increasing their market presence by concluding new contracts and opening up new markets.

Company profiles

• Mohawk Industries

• Armstrong Flooring, Inc.

• Mannington Mills, Inc.

• Home Legend, LLC

• Somerset parquet

• Provenza Floors, Inc.

• International Beaulieu group

• BerryAlloc

• Classes

• Egger

• Formica

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210602005460/en/

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