Selbyville, Delaware, June 01, 2021 (GLOBE NEWSWIRE) —

Global Market Insights Inc. has recently added a new report on the flooring market which estimates the market valuation for flooring will cross US$ 480 billion by 2027. The product will witness strong growth in developing economies due to the thriving construction industry.

The global flooring market will exhibit strong growth owing to rising construction spending in the commercial and residential construction industry. Economic growth in Asian and Latin American countries has pushed the construction industry, thus subsequently driving the flooring market. The rising demand for new houses due to the rising population will propel product demand over the forecast period. Product enhancements and ongoing technical advancements will push the demand for resilient flooring products such as LVT and vinyl sheets. Demand for non-resilient floorings, such as ceramics and stones,…

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