The Textile Flooring Market is Expected to be Flourished by Rapid Industrialization and Urbanization
Textile flooring offers properties such as excellent durability, comfort, acoustic performance and affordability. Textiles used in flooring are durable, hygienic, aesthetic and eco-friendly. Textile flooring is extensively used in commercial and residential sectors for applications like gyms, office spaces, homes etc. The global Textile Flooring Market is estimated to be valued at US$ 184.29 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The high demand from commercial and residential sectors has been a key driver accelerating growth in the Textile Flooring Market . Textile flooring is increasingly being preferred over other flooring options like hardwood, laminate, and tiles in applications such as gymnasiums, dance studios, yoga centers and other commercial spaces. This is due to properties of textile flooring like sound absorption, slip resista...