Global Fiberglass Flooring Market Research Report- Forecast 2030

Fiberglass Flooring Market Information, By Application (Residential, Commercial, Industrial) and Region -Forecast 2022- 2030

ID: MRFR/CO/2160-HCR | February 2021 | Region: Global | 110 pages

Impact of COVID-19 on the Global Fiberglass Flooring Market


The COVID-19 pandemic has impacted the growth of the global fiberglass floorings market considerably. Countries worldwide have enforced lockdowns, which has severely affected most of the companies across the globe and compelled people to stay within their homes, which, in turn, has minimized the physical interaction among people. Most industry players have permitted employees to work remotely from their homes to ensure business continuity during the COVID-19 pandemic, which is estimated to hamper the growth of the global fiberglass floorings market over the forecast timeframe. The stringent restrictions imposed on construction activities to comply with the social distancing norms are likely to obstruct the growth of the construction industry, which, in turn, is expected to limit the growth of the Global Fiberglass Floorings Market.


Manufacturing and supply operations in the construction sector have been disrupted owing to the COVID-19 crisis worldwide. The shift in consumer preference towards essential products is likely to affect the global fiberglass floorings market over the forecast timeframe. Moreover, the COVID-19 pandemic has led to the closing down of international borders, which has caused a severe decline in the global demand for fiberglass floorings and related products. Government authorities across the globe have also enforced restrictions on travel. Thus, the fiberglass floorings market is also expected to be affected due to the decrease in the installation of fiberglass floorings in the construction industry. Additionally, the restrictions on public gatherings along with travel bans in numerous countries are anticipated to obstruct the growth of the global fiberglass floorings market over the forecast timeframe.


Real Estate Investments in CHINA: Year to date (YTD) (USD Million)


The above figure shows the year to date (YTD) statistics of real estate investments in China from January 2020 to April 2020. Fiberglass floorings are being increasingly adopted in new buildings and construction projects due to their cost-effectiveness and low maintenance. The statistics show the variations in real estate investments during Q1 of 2020, that have affected the global demand for fiberglass floorings severely. The high focus on social distancing and hygiene is likely to affect the demand for construction-related products, including fiberglass floorings over the projected timeframe. Moreover, the market is expected to stabilize by the Q1 of 2021.



Source: National Bureau of StatisticsFiberglass Floorings Market