Flooring materials include any finished material covering a subfloor structure. As the largest surface in the home or office, flooring can enhance the ambiance. Several factors influence the flooring materials market worldwide, including sustainability, innovations, and geopolitical uncertainties.
The growing population and rapid urbanization drive the housing demand. Governments worldwide have started initiatives to construct housing units and commercial facilities, such as shopping malls, retail stores, and office spaces. This drives flooring materials consumption. The remodeling market will also blossom over the next 5–10 years due to the increasing demand for attractive interiors and the work-from-home trend. Many individuals will continue working remotely during the forecast period and pay more attention to their homes and interior spaces.
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