Europe carpet
market is
expected to reach USD 60.31billion by 2022, according to a new report by Grand
View Research, Inc. Rising expenditure towards home improvement and residential
floor replacement in developed markets of Germany and Spain is expected to fuel
the demand for soft covering flooring material, particularly, carpet.
Rising environmental concerns over green house gas
emissions has resulted in a shifting preference towards the development of
biodegradable and sustainable products. In January 2015, Niaga established
partnership with DSM for the development of carpet technology with 100%
recycling and 95% energy reduction processes.
Demand for nylon exceeded 315.0 million square meters
in 2014 and is expected to foresee significant gains owing to increased
acceptance of polyamides for providing good wear properties. Over the past few
years, companies including ROLS have increased their expenditure for
incorporating nylon along with wool and yarn to manufacture tailored base
product forms.
Browse full research report on Europe Carpet Market: https://www.grandviewresearch.com/industry-analysis/europe-carpet-market-analysis
Further
key findings from the report suggest:
- Europe carpet demand was 665.7 million square meters in 2014 and is
expected to exceed 800 million square meters by 2022.Improvement in
residential sector of Eastern European countries including Russia and
Turkey on account of increasing spending by builders is expected to
promote the importance of flooring including carpets.
- Demand for woven carpets is expected to grow at a CAGR of 2.5%, in
terms of volume, from 2015 to 2022. These products are expected to
maintain a significant chunk of market on account of providing excellent
mechanical strength.
- Non-residential sector generated demand of over 250.0 million
square meters in 2014 and is expected to witness growth in light of rising
importance of carpet as good insulation material in retail outlets and
commercial offices. However, high price and low durability of soft
flooring materials as compared to ceramic as well as wood laminate
material is expected to have a negative impact.
- Spain is expected to witness growth at a CAGR of 2.6%, in terms of
volume, from 2015 to 2022 on account of increasing housing sector output
as a result of rising number of new housing permits in Greater Madrid.
- European market is highly fragmented on account of large number of
manufacturers across the region. Regulatory support intended for promoting
recycling of flooring materials in Europe is expected to increase result
in shifting preference of manufacturers.Key industry participants include
Agnella SA, Balta Group, Brintons, Creatuft NV, Associated Weavers
International Group NV, Dekowe GmbH &Co.KG, Fletco and Egetæpper A/S.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand
View Research has segmented the Europe carpet market by raw material, product,
application and region:
Raw
Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 -
2022)
- Nylon
- Polyester
- Polypropylene
- Others
Product
Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)
- Woven
- Tufted
- Knotted
- Others
Application
Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)
- Residential
- Non-residential
- Others
Country
Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)
- Germany
- UK
- France
- Spain
- Rest of Europe
(ROE)
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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