Based on Type, the market is sub-segmented into Resilient and Non Resilient. In resilient Vinyl segment lead the market. The vinyl segment is known for its waterproof properties, which makes it ideal for wash areas such as kitchens and bathrooms. It is relatively less costly than hardwood floors, and this makes it perfect for heavily-trafficked residential areas. Based on End use, the market is sub-segmented into Residential and Commercial. In 2021, the commercial category had the greatest revenue share of 74.4 % in the flooring market, and it is expected to rise at a CAGR of 6.4 % from 2021 to 2026. High-quality flooring enhances a space’s interior design, which is becoming increasingly significant in commercial structures.
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