Global Carpet Backing Material Market Size By Product Type, By Carpet Type, By Applications, By Geographic Scope And Forecast
Carpet Backing Material Market Size And Forecast
Carpet Backing Material Market was valued at USD 7.54 Billion in 2019 and is projected to reach USD 10.97 Billion by 2027, growing at a CAGR of 4.8 % from 2020 to 2027.
Global Carpet Backing Material Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The primary carpet backing material exhibits the advantage of low shrinking at high temperatures which prevent carpet shrinkage or becoming wavy coated with latex, on the other hand, tufted carpets are preferred for wall-to-wall carpeting. They are often used for carpeting office rooms and homes, peculiarly in cold environments. The rise in residential and commercial construction activities across the globe is projected to upsurge the market. Boost in demand for carpets in residential and non-residential applications is yet another aspect anticipated to drive the carpet backing material market during the forecasted period. However, the lack of variety of products and the absence of alternative efficient methods for carpet binding is restricting the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Carpet Backing Material Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Carpet Backing Material Market Competitive Landscape
The Global Carpet Backing Material Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Shaw Industries Group, Inc., Tarkett, Interface, Inc., Wacker Chemie AG, Balta Industries NV, The Dow Chemical Company, Associated Weavers Europe NV/SA, Amtico International, Ege Carpets, Beaulieu Technical Textiles, and Others.
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