Wood Flooring Market, 2022 - Industry Trends, Market Size, Segments, Growth Prospects: Radiant Insights, Inc

Wood has become very popular as a flooring material of late. They come in a wide variety of styles, cuts, and colors. The global wood flooring market is projected to gain traction during the forecast period (from 2017 to 2022), as per a new report available on Radiant Insights, Inc. Innovation in wood flooring production technologies is anticipated to aid the growth of the global market over the coming years.

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In the recent past, a team of researchers at the University of Wisconsin-Madison announced a new wood flooring technology that generates energy from steps. The developers used cellulose nanofibers present in wood pulp for creating an electrical charge from ordinary floorings. These wood pulp fibers have been previously used in the development of safer and nature-friendly batteries. According to the team of developers, these floorings can produce enough energy to power a home’s lights and many low-power appliances.

In addition, these floorings are cheaper than conventional ones as wood pulp is a common and widely available material. Each piece of this flooring comes with a functional layer holding two differently-charged materials. When people walk across the floor, it creates friction between the charged materials. The technology also allows adding more than two functional layers in each piece to maximize output.

Rapid urbanization in emerging countries such as China and India is expected to be a key growth driver for the global wood flooring market. Rising number of renovation and new construction activities across the globe are also projected to augment market growth during the next few years.

Der International Flooring Co., Ltd.; Nature Home Holding Co. Ltd.; Tubaobao Co. Ltd.; Sichuan Shengda Forestry Industry Group Co., Ltd.; and Power Dekor (S) Pte Ltd. are some of the leading vendors operating in the worldwide market for wood flooring.

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Radiant Insights, Inc. offers personalized and syndicated research reports, as well as consulting services, for a wide range of industries such as Energy, Materials, Technology, Chemicals, and so on.

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