Carpet Backing Material Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: April 16, 2020 |

The global carpet backing material market size is expected to reach more than USD 10.4 billion by 2026 and expected to register a significant CAGR of 5% during the forecast period 2020 to 2026. Rising demand in construction activities is a key factor to grow the market, particularly in the Asia Pacific and the Middle East. The increasing demand in carpets across the commercial and residential sectors is anticipated to play a significant role in market growth globally.

The market is segmented on the basis of product type, the carpet type, application, and region. On the basis of product type, the primary backing segment held a major market share accounted for more than 60% in 2019, globally. On the basis of carpet type, the tufted carpets had a major market share of around 70% in the global carpet backing material industry.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global carpet backing material market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Carpet Backing Material Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

  • 2018 - Historical Year for carpet backing material Market
  • 2019 - Base Year for carpet backing material Market
  • 2020-2027 - Forecast Period for carpet backing material Market

Carpet Backing Material Market Segmentation:

By Product Type:

  • Primary Backing
  • Secondary Backing
  • Bonding Agents

By Carpet Type:

  • Hand Woven Carpets
  • Tufted Carpets
  • Needle Felt Carpets
  • Others

By Application:

  • Residential
  • Commercial
  • Hotels
  • Playgroups & Schools
  • Others

List of Key Companies:

  • Shaw Industries Group, Inc.
  • Tarkett
  • Interface, Inc.
  • Wacker Chemie AG,
  • Balta Industries NV
  • The Dow Chemical Company,
  • Associated Weavers Europe NV/SA

COVID-19 Impact on the Carpet Backing Material Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the carpet backing material market.

COVID-19 Impact on the Carpet Backing Material Market

COVID-19 Impact on the Carpet Backing Material Market - L Shaped Recovery

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Carpet Backing Material Market Report

  • Global carpet backing material market forecasts from 2020-2027
  • Regional carpet backing material market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Carpet Backing Material submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to carpet backing material market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level carpet backing material markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the carpet backing material market
  • Profiles and market share of the leading 10 companies in 2019 at a global level
The global carpet backing material market size is expected to reach more than USD 10.4 billion by 2026 and expected to register a significant CAGR of 5% during the forecast period 2020 to 2026. Rising demand in construction activities is a key factor to grow the market, particularly in the Asia Pacific and the Middle East. The increasing demand in carpets across the commercial and residential sectors is anticipated to play a significant role in market growth globally.

The market is segmented on the basis of product type, the carpet type, application, and region. On the basis of product type, the primary backing segment held a major market share accounted for more than 60% in 2019, globally. On the basis of carpet type, the tufted carpets had a major market share of around 70% in the global carpet backing material industry.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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Impacts of COVID-19
COVID-19 Impact on the Carpet Backing Material Market

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