A Deep Dive into Global Textile Flooring Market Dynamics and Growth Factors
The Textile Flooring Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Textile flooring is a floor covering material made of natural or man-made fibers that are woven, nonwoven or tufted. It is used in residential and commercial sector for its various properties like durability, comfort, design versatility and moisture resistance. Market Dynamics: The growth of the textile flooring market is mainly driven by the increasing demand from the residential construction sector. According to the U.S. Census Bureau, privately-owned housing units authorized by building permits in September 2022 were at a seasonally adjusted annual rate of 1,455,000. This shows recovery of construction activities post pandemic which will drive the demand for textile flooring in residential buildings going forward. Additionally, growing popularity of eco-friendly flooring solutions due to rising e...