Global Carpet Backing Material Market Size & Analysis -Forecasts To 2026 By Product Type [Primary Backing, Secondary Backing, Latex Backing, Textile Backing], By Carpet Type [Woven Carpets, Tufted Carpets, Needle Felt Carpets, Others], By Application [Residential, Commercial] By Region & Country, Company Market Share & Competitor Analysis
Global Carpet Backing Material Market Insights:
The global carpet backing material market is expected to generate revenue amounting to USD 7.74 billion in 2020, and is projected to reach to USD 10.46 billion by 2026, growing at a CAGR of 5.15% over the forecast period. Rise in the number of construction activities across the globe is one of the major factor driving the market for carpet backing materials. Also, the growing demand for commercial applications across hotels, of?ces, restaurants, bars and institutions among others is driving the market growth.
Growth in renovation activities across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of carpet backing material. However, product failures and recalls, and unfavorable taxation policies, are likely to hamper the market growth during the forecast period. Carpet backings are widely installed to minimize noise, and maximize softness across commercial spaces. Carpet backing materials impact the overall performance and quality of the carpet, they also play an imperative role in influencing the purchasing preference of consumers.
Carpets with woven textile (WV) backing are suited for all living quarters, corridors and stairs among others. The WT backing is especially suitable for the contract premises where strict demands are imposed on the resistance of the carpet loads such as chairs ?tted with castors. Carpet backing are widely perfect for conference rooms, of?ces, hotels, restaurants, bars and institutions among others.
Global Carpet Backing Material Market Segmentation:
The global carpet backing material market is segmented on the basis of product type into primary backing, secondary backing, latex backing, and textile backing. The latex backing segment is further segmented into contract latex, domestic latex, and high latex among others. The textile backing segment is sub segmented into woven textile, and acoustic back among others. The primary backing segment is expected to hold the largest market share in the global carpet backing material market during the forecast period. Primary carpet backing material is a pre-formed, tear-resistant woven or non-woven polypropylene fabric into which yarn is tufted or stitched in order to make carpets. Primary carpet backing material exhibits particularly low shrinkage at high temperatures in order to prevent carpet shrinking. These are some of the major factors expected to propel the market growth for primary backing segment during the forecast period.
On the basis of application, the global carpet backing material market is segmented into commercial and residential. The commercial segment is expected to hold the largest market share during the forecast period. Rise in demand for carpet products in commercial applications, especially in offices and hospitals, is likely to propel the demand for carpet backing materials. Growing number of commercial construction in the Asia Pacific region is also driving the market growth for carpets backing. Carpet backing improves under foot comfort and also reduce noise levels across contract market. They also offer different benefits in contract market such as high performance standers, traffic suitability and low environment impact among others. These are some of the major factors expected to boost the commercial application segment growth during the forecast period. Residential segment is projected to grow at a significant market share during the forecast period. Carpets are widely employed in the residential new flooring and replacements. Growing residential renovation activities across the developing nations including India, China, Japan, and France among others is driving the market growth.
On the basis of carpet type the market is segmented into woven carpets, tufted carpets and needle felt carpets among others. The tufted carpet type segment is expected to hold the largest market share in the global carpet backing material market during the forecast period. The manufacturing process of tufted carpets is easy when compared to other types. The tufting technique offers a wide range of pattern possibilities. Thus, the majority of contract carpets produced today are tufted because they offer fast production time and lower price levels.
Global Carpet Backing Material Market: Regional Analysis
On the basis of region, the market of carpet backing material is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to dominate the market and also estimated to expand at a rapid pace during the forecast period. Rise in demand for carpet materials in the infrastructure development sector is driving the market growth in the region. Growing demand from commercial applications such as hotels, hospitals, and public infrastructure is boosting the carpet backing material market in the region.
Technology Landscape and Uses Cases:
Carpet backing materials are used in a wide range of applications across residential and commercial buildings. Humankind is experiencing more stress in today’s world, end users are looking for spaces where they can feel more relaxed, feel safe and comfortable within the confines of the workplace. The manufacturers are developing more realistic backing products with a modern color palette and a lower environmental impact. Color-sense technology is a proprietary technique that blends a variety of colors and provide a lush, multicolored aesthetic for interior finishes.
In January 2020, Freudenberg Performance Materials launched its high-performance nonwoven backing materials for textile flooring at Domotex exhibition.
In December 2019, Tarkett, partnered with Italy-based Aquafil to close the loop on commercial carpet tiles. Tarkett has invested approximatively 15 million euros in the initiative aimed at closing the loop on carpet tiles in Europe.
In July 2018, Interface launched carbon negative carpet tile backing “CircuitBac Green”. The product is available to EMEA Customers.
Carpet Backing Material Market: By Product Type
Carpet Backing Material Market: By Application
Carpet Backing Material Market: By Carpet Type
Carpet Backing Material Market: By Region
The global Carpet Backing Material Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Carpet Backing Material Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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