Global Floor Underlayment Market Opportunities and Forecast for period from 2024 to 2031
The "Floor Underlayment Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Floor Underlayment market is expected to grow annually by 11.8% (CAGR 2024 - 2031).
This entire report is of 187 pages.
Floor Underlayment Introduction and its Market Analysis
The Floor Underlayment market research reports provide a comprehensive analysis of the current market conditions for this product. Floor Underlayment is a material used underneath flooring to provide a smooth, level surface and dampen sound. The target market includes residential and commercial construction industries. Major factors driving revenue growth include increasing construction activities and rising demand for high-quality flooring materials. Key players in the market include USG, James Hardie, Leggett & Platt, National Gypsum, and others. The report highlights market trends, competitive landscape, and key recommendations for companies operating in the Floor Underlayment market.
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The global Floor Underlayment market is experiencing growth with a variety of products available in the market. Cement Board Underlayment, Foam Laminate Underlayment, Cork Underlayment, Rubber Underlayment, Plywood Underlayment, and Others are some popular types of underlayment available for different applications such as Tile Flooring, Laminate Flooring, Vinyl Flooring, Carpet Flooring, Hardwood Flooring, and Others.
Regulatory and legal factors play a significant role in shaping the market conditions for Floor Underlayment. Local building codes, environmental regulations, and safety standards are crucial factors to consider when manufacturing and installing underlayment products. Complying with these regulations ensures the safety and durability of the flooring system. Additionally, market players need to stay updated on changes in regulations to provide quality products that meet the required standards. Overall, the Floor Underlayment market is expected to continue growing with advancements in technology and increasing demand for durable and energy-efficient flooring solutions.
Top Featured Companies Dominating the Global Floor Underlayment Market
The global floor underlayment market is highly competitive and fragmented with several key players dominating the market. Some of the prominent companies operating in the floor underlayment market include USG Corporation, James Hardie Industries, Leggett & Platt, National Gypsum Company, Custom Building Products, QEP Company, MP Global Products, Swiss Krono Group, Amorim Cork Composites, Manton Industrial Corp, Pak-Lite Inc, Sealed Air Corporation, Foam Products Corporation, Ultimate RB, Patriot Timber Products International, Changzhou Highsun Decorative Material Co., Ltd, and Schluter Systems.
These companies offer a variety of floor underlayment products such as cement-based, rubber, cork, foam, and others to cater to the diverse needs of the customers. They play a crucial role in the growth of the floor underlayment market by constantly innovating, investing in research and development, and expanding their product portfolio to meet the changing consumer preferences.
Some of these companies have reported impressive sales revenue figures in recent years. For example, USG Corporation reported sales revenue of $ billion in 2020, while James Hardie Industries reported sales revenue of $2.8 billion in the same year. Leggett & Platt, on the other hand, reported sales revenue of $4.6 billion in 2020. These figures showcase the strong performance of these companies in the floor underlayment market.
Overall, these companies are integral to the growth of the floor underlayment market by offering high-quality products, providing excellent customer service, and ensuring superior performance and durability of their products. Their innovative solutions and strategic partnerships contribute significantly to the development and expansion of the floor underlayment market globally.
- USG
- James Hardie
- Leggett & Platt
- National Gypsum
- Custom Building
- QEP
- MP Global
- Swiss Krono
- Amorim Cork Composites
- Manton
- Pak-Lite
- Sealed-Air
- Foam Products
- Ultimate Rb
- Patriot Timber
- Changzhou Highsun Decorative Material
- Schluter Systems
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Floor Underlayment Market Analysis, by Type:
- Cement Board Underlayment
- Foam Laminate Underlayment
- Cork Underlayment
- Rubber Underlayment
- Plywood Underlayment
- Others
Cement Board Underlayment is durable and moisture-resistant; Foam Laminate Underlayment provides cushioning and noise reduction; Cork Underlayment offers natural thermal insulation; Rubber Underlayment is eco-friendly and provides impact resistance; Plywood Underlayment offers structural support and stability. These various types of underlayment cater to different flooring needs, such as moisture protection, soundproofing, and insulation. They help in boosting the demand for floor underlayment products by providing a wide range of solutions for different flooring requirements, contributing to the overall growth of the market. Additionally, the growing trend of eco-friendly and sustainable building materials is driving the demand for rubber and cork underlayment.
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Floor Underlayment Market Analysis, by Application:
- Tile Flooring
- Laminate Flooring
- Vinyl Flooring
- Carpet Flooring
- Hardwood Flooring
- Others
Floor underlayment is used to provide a smooth, even surface for the installation of various types of flooring such as tile, laminate, vinyl, carpet, hardwood, and more. It helps to reduce noise, absorb impact, and increase insulation. In tile flooring, underlayment prevents cracking and shifting. In laminate and vinyl flooring, it provides stability and cushioning. In carpet flooring, it enhances comfort and insulation. In hardwood flooring, underlayment helps to maintain moisture levels and prevent warping. The fastest growing application segment in terms of revenue is laminate flooring, due to its affordability, durability, and aesthetic appeal.
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Floor Underlayment Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The floor underlayment market is expected to witness significant growth in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. North America, particularly the United States and Canada, is projected to dominate the market with a market share of around 30%. Europe, including Germany, France, the ., Italy, and Russia, is expected to hold a market share of approximately 25%. In Asia-Pacific, countries such as China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are anticipated to contribute to around 20% of the market share. Latin America and the Middle East & Africa regions are also expected to witness growth, with market shares of approximately 15% and 10% respectively.
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