Compared with developed countries, China's vinyl flooring market is still at a relatively low level. In 2020, China PVC floor demand accounted for only 4.06%, so there is still a lot of space for growth. In addition, in china vinyl flooring is mostly used for public decoration, while 50% of the United States is used for home decoration. With the growth of national income, the application of vinyl flooring will be more extensive in the future. It is expected that vinyl flooring is expected to significantly replace laminate flooring and composite flooring in the next 5-10 years, and then greatly increase the market share to about 8%-9%.
Trend of vinyl flooring in China:
1. The speed of development is accelerating
China's low manpower and raw material costs have laid a solid foundation for domestic companies to produce vinyl flooring. The vast market and fast-growing demand have attracted more and more companies to enter this industry. It is expected that in the next few years, the growth rate of PVC sheet production and sales will exceed that of any other flooring material.
2. Range of application more wider
The characteristics of natural light weight, flame-retardant, moisture-proof and non-slip of vinyl flooring make it the most popular decorative material in the future. So besides the public places, it will also enter the home improvement market in a large area, further expanding the scope of application.
3. More eco-friendly and healthy
With the continuous optimization & improvement of technology, Vinyl flooring will become more eco-friendly and healthy, safety will continue to be improved, resource utilization efficiency will be higher, and it will become the most popular recycled high-quality decorative material.
4. Industrial concentration will be strengthened
Although vinyl flooring has not been developed in China for a long time, its regionality is very obvious, the industry is relatively concentrated, four major industrial bases in Beijing, Zhangjiagang, Shanghai and Guangzhou have been formed. With the continuous growing of domestic well-known enterprises' production capacity, the industry concentration will be further strengthened and monopoly will become stronger and stronger, the cooperation and integration between industries will be also promoted.
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