PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498757
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498757
Low-Carbon Flooring Market size was valued at USD 93,938.20 Million in 2023, expanding at a CAGR of 10.12% from 2024 to 2032.
Low-carbon flooring refers to products designed and manufactured with a minimal carbon footprint, aiming to reduce greenhouse gas emissions associated with their production, installation, and lifecycle. These products typically use sustainable materials, and energy-efficient manufacturing processes, and are often recyclable or biodegradable. Certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method) incentivize the use of low-carbon materials, including flooring, to achieve higher certification levels.
Low-Carbon Flooring Market- Market Dynamics
Growing consumer awareness and preference for eco-friendly products
Governments and international bodies are increasingly implementing stringent regulations to reduce carbon emissions. Building codes and standards often require or encourage using low-carbon materials in construction and renovation projects. Eco-conscious consumers prefer sustainable products, including low-carbon flooring, driving demand in residential and commercial sectors. According to the United Nations Environment Programme, 2022, Buildings' operational and material requirements account for 37% of all CO2 emissions worldwide. Building emissions are primarily caused by the use of energy for operating requirements like heating and cooling (72%), and the production and processing of building materials like cement, steel, and glass (28%). The ergonomic long-term solutions have exceptionally low volatile organic compounds (VOCs), as attested to by Indoor Air Comfort Gold standards and Environmental Product Declarations (EPDs). This verified performance shows a brand focus on quality and contributes to a healthy interior environment, and it can add points to international green building rating assessments.
Low-Carbon Flooring Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 10.12% over the forecast period (2024-2032)
Based on raw material segmentation, wood was predicted to show maximum market share in the year 2023
Based on end user segmentation, residential was the leading type in 2023
Based on distribution segmentation, indirect sales were the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Low-Carbon Flooring Market is segmented on the basis of Raw Material, Design Type, Distribution Channel, End User, and Region.
The market is divided into eight categories based on raw material: Linoleum, Wood, Cork, Bamboo, Stone, Low-VOC Vinyl, Low-VOC Laminate, and Others. Bamboo is a fast-growing, renewable resource that sequesters carbon and has a low carbon footprint. It is durable and can be harvested sustainably without damaging the ecosystem. This material is chosen for their sustainable sourcing, low embodied carbon, and potential for recycling or biodegradation, aligning with the goals of reducing overall carbon emissions in the construction and renovation industries.
The market is divided into four categories based on end-user: residential, commercial, industrial, and institutional. Homeowners often choose low-carbon options like bamboo, cork, or reclaimed wood for living spaces. These materials offer aesthetic appeal and durability while having a lower carbon footprint compared to traditional hardwood. As remote work becomes more common, eco-conscious homeowners may install low-carbon flooring such as recycled carpet tiles or natural fiber carpets in their home offices.
Low-Carbon Flooring Market- Geographical Insights
North American customers are becoming more conscious of environmental problems such as resource depletion, deforestation, and climate change. Because low-carbon flooring solutions have a less environmental impact than standard flooring materials, there is an increased demand for eco-friendly and sustainable products. The growing adoption of sustainable low-carbon construction material products in the sustainable construction industry across several advanced and emerging economies, including the U.S., China, India, Italy, France, and the U.K., is predicted to further propel the growth of the global low-carbon construction material market. Department for Environment, Food and Rural Affairs 2021 In their Greening Government Commitments, the UK government has outlined steps for collaborating agencies and departments to cut greenhouse gas emissions. Furthermore, India is expected to add 40 billion m2 of new building stock by 2050 presenting a huge opportunity to shape more low-carbon cities through energy-efficient buildings.
Some major players in Low-Carbon Flooring Market includes Interface, Inc., Amtico International, Tarkett S.A., Mohawk Industries, Inc., Armstrong Flooring, Inc. etc. One of the largest flooring manufacturers globally, Mohawk Industries has made significant strides in sustainability by incorporating recycled materials and eco-friendly manufacturing processes into their product lines. Forbo offers a range of sustainable flooring products, including linoleum, which is known for its low environmental impact. They emphasize transparency in their sustainability practices and use life cycle assessments to guide product development. Companies are focusing on developing new products with lower carbon footprints. This includes using alternative materials such as bamboo, cork, and recycled rubber. Collaborations with other companies, environmental organizations, and research institutions are helping firms to advance their sustainability initiatives and develop new technologies.
In July 2021, CEMEX, S.A.B. de C.V. announced the launch of the Vertua low-carbon concrete range of products, designed to offset residual CO2 and provide a Carbon-neutral concrete product.
In October 2023, Perkins&Will, a global architecture and design firm based in Washington, D.C., recently unveiled two groundbreaking reports in conjunction with the nonprofit studies organization Healthy Building Networking. The studies seek to change the way designers and architects choose environmentally friendly, flooring, low-carbon gypsum plasterboard, and insulation.
GLOBAL LOW-CARBON FLOORING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Interface, Inc.
Shaw Industries Group, Inc.
Tarkett S.A.
Mohawk Industries, Inc.
Mohawk Industries, Inc.
Armstrong Flooring, Inc.
Gerflor Group
Amtico International
Others