MRFR

  Luxury Vinyl Tiles Market Overview Luxury Vinyl Tiles Market is expected to grow USD 32 Billion CAGR at a 10% during the forecast period, says market research future (MRFR). Luxury vinyl tiles are a type of synthetic tile that is impervious to liquids and smudges. It is cost-effective and provides numerous benefits such as durability, changeable treatment, and design flexibility, making it ideal for use in hospitals, schools, workplaces, and apartments. The market will be driven by the usage of vinyl tiles to enhance the interior appearance, aesthetics, and comfort underfoot in a variety of residential and commercial structures. Numerous factors are fueling the market growth, such as the booming construction industry, rising number of renovations, the surging popularity of tiles, increase in construction of educational institutes, commercial complexes, and offices, and increase in real estate investments. Besides, consumers’ inclination towards improved interior decoration and ae...