India Wood And Laminate Flooring Market Size, Share & Trends Analysis Report By Product (Wood, Laminate), By Application (Commercial, Residential), And Segment Forecasts, 2022 - 2030

Market Segmentation

• India Wood and Laminate Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2017 - 2030)
  • Wood Flooring
  • Laminate Flooring
• India Wood and Laminate Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)
  • Residential
  • Commercial
  • Industrial

India Wood And Laminate Flooring Market Dynamics

Drivers: Growth In Construction Of Premium Building Spaces

The rising disposable income of consumers and growing preference to enhance the look and appeal of interiors have augmented the demand for premium or luxury construction materials in India. Consumer shift from using ceramic tiles to wood and laminate flooring is expected to benefit the market. The expanding construction industry is a key contributor to the rapidly growing Indian wood and laminate flooring market. Flooring is a vital part of both commercial and residential settings, owing to higher exposure to foot traffic and thus wear and tear. As a result, flooring needs to last for a longer duration and also should match the décor. Wood and laminate flooring have gained significant prominence in luxury and semi-luxury construction. Growing awareness regarding the advantages of luxury homes is expected to augment the demand for different types of flooring, which is expected to benefit the growth of the market in the coming years. Furthermore, government initiatives toward the development of the construction sector are anticipated to boost the demand for laminate and wood flooring.

Restraints: Rising Environmental Concerns

Volatile organic compound (VOC) emissions that take place during the commercial and industrial application of adhesives for flooring pose risks to both, the environment, and human health. Several countries across the world have set guidelines to restrict the volume of gases emitted during the use of adhesives in industrial applications. Laminate floorings are made of melamine resin which has formaldehyde as its precursor. Formaldehyde emissions may be the cause of some environmental as well as health concerns. Formaldehyde gas is highly toxic which even at lower exposure levels, causes eye & nasal irritation, headaches, and aggravated asthma conditions. Wood & laminate flooring emits a significant amount of formaldehyde; there are currently no standards for the emissions using formaldehyde. However, over the coming years, the Bureau of Indian Standards may decide to limit formaldehyde emissions, thus impacting the use of laminate flooring.

Opportunities: Increasing Commercial And Residential Construction

The Indian flooring industry is a lucrative market, as the industry is characterized by new technologies, materials, and innovative products. Wood and laminate flooring is likely to observe growing demand as project scales in commercial and residential construction has increased dramatically. The demand is further likely to be supported by growing middle class and rising income levels, expansion of housing sector in metro cities on account of growth in service industries such as IT, telecom, and finance. The market is on the rise and companies are constantly upgrading their portfolio to meet the increasing demand in various segments such as shopping malls, metro projects, airports, and IT parks. Large projects like Delhi Mumbai Industrial Corridor, where industrial townships are planned, are likely observe growing demand for flooring products.

What Does This Report Include?

This section will provide insights into the contents included in this India wood and laminate flooring market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

India wood and laminate flooring market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

India wood and laminate flooring market quantitative analysis

• Market size, estimates, and forecast from 2017 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance