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The PVC flooring industry, in recent years, has experienced rapid growth and its market size continues to expand. According to the latest industry analysis, the market size of PVC flooring industry continues to grow in 2024. In the Chinese market, the size of PVC flooring has grown to 32.87 billion yuan, showing strong growth momentum.

Meanwhile, the size of the global PVC flooring market is also expanding, with the global PVC flooring market reaching $547 million in 2023, while the global PVC flooring market is expected to reach $1,036 million by 2029, at a CAGR estimated at 10.88% during the period.

Technological advancement and innovation are important factors driving the development of the PVC flooring industry. Traditionally, PVC flooring is mainly rolled, but now more innovative product forms such as LVT flooring and SPC flooring are emerging in the market. These new products use higher level technologies and materials to provide richer texture, better feel and higher durability, which meets consumers' needs for both aesthetics and durability.

As one of the major production regions for PVC flooring, China occupies an important position in the global market with its advantages in production costs and industrial chain. The scale of China's PVC flooring exports has also grown rapidly, especially the scale of exports to Europe and the United States has increased significantly.

Advantages of PVC flooring industry development:

Material advantage: PVC flooring has the advantages of wear-resistant, non-slip, corrosion-resistant, easy to clean, etc. It is suitable for floor covering in domestic, commercial and industrial places. It can also simulate a variety of wood grain, stone grain and patterns, providing more decorative options.

Growing market demand: PVC flooring industry analysis mentions that as consumers become more aware of environmental protection and health, PVC flooring is favoured by more and more people due to its low VOC emissions, easy cleaning and other features. In commercial premises such as office buildings, hotels and retail outlets, PVC flooring is also popular for its durability and aesthetics.

Technological innovation: The PVC flooring industry is constantly innovating in terms of material technology and production processes, such as introducing new environmentally friendly materials and developing more wear-resistant surface treatment technologies to enhance product performance and competitiveness.

Market competition: PVC flooring market competition is fierce, domestic and foreign manufacturers are constantly improving product quality and service level to meet the growing market demand.

Policies and standards: With the increasingly stringent environmental protection policies and building decoration standards, the PVC flooring industry is also responding positively to gradually promote the use of green production and recycled materials.

Overall, PVC flooring as a multi-functional, environmentally friendly floor covering materials, the future in the building decoration market is expected to continue to show good momentum of development.