What is Flooring Underlayment - Global Market?
Flooring Underlayment is a crucial component in the flooring industry, playing a pivotal role in the overall performance and lifespan of various types of floors. It is essentially a layer of material installed between the subfloor and the finished floor. This layer serves multiple purposes, including providing support, absorbing sound, and offering thermal insulation. The global market for Flooring Underlayment is a dynamic one, with a wide range of products available, catering to different flooring needs.
CBU, Polyethylene, Rubber, Cork, Plywood in the Flooring Underlayment - Global Market:
The global market for Flooring Underlayment is segmented into various types, including CBU, Polyethylene, Rubber, Cork, and Plywood. CBU, or Cement Backer Units, are a popular choice for tile and stone installations due to their durability and resistance to moisture. Polyethylene underlayment is lightweight and easy to install, making it a preferred choice for laminate and engineered wood floors. Rubber underlayment, known for its superior sound absorption qualities, is often used in commercial and high-traffic areas. Cork underlayment, while more expensive, offers excellent thermal and acoustic insulation. Plywood underlayment, on the other hand, is a traditional choice, often used under vinyl, linoleum, and tile flooring. Each of these types has its own set of advantages and is chosen based on the specific requirements of the flooring project.
Tile Flooring, Laminate Flooring, Hardwood Flooring, Carpet Flooring, Vinyl Flooring in the Flooring Underlayment - Global Market:
Flooring Underlayment finds its application in various areas including Tile Flooring, Laminate Flooring, Hardwood Flooring, Carpet Flooring, and Vinyl Flooring. In Tile Flooring, underlayment provides a smooth, flat surface that helps in the easy installation of tiles. For Laminate Flooring, it provides a cushion that makes walking more comfortable and reduces noise. In Hardwood Flooring, underlayment helps to prevent moisture from reaching the wood, thus increasing its lifespan. In Carpet Flooring, it provides extra cushioning for comfort and helps to reduce wear and tear. Lastly, in Vinyl Flooring, underlayment helps to hide subfloor imperfections and provides added sound reduction.
Flooring Underlayment - Global Market Outlook:
The global Flooring Underlayment market, valued at US$ 1392.3 million in 2022, is expected to reach a value of US$ 1728.4 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period of 2023-2029. The market is dominated by five major manufacturers - US Gypsum, James Hardie, Custom Building, MP Global, and AcoustiCORK, who collectively hold about 50% of the market share. These companies have established a strong foothold in the market, thanks to their wide range of high-quality products and extensive distribution networks.
| Report Metric | Details |
| Report Name | Flooring Underlayment - Market |
| Forecasted market size in 2029 | US$ 1728.4 million |
| CAGR | 3.1% |
| Forecasted years | 2023 - 2029 |
| Global Flooring Underlayment market, by region: |
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| Global Flooring Underlayment market, Segment by Type: |
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| Global Flooring Underlayment market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
