![]() ![]() For example, use of nanotechnology and ceramic wear layers protects the LVT from all kind of disruptions such as wear, spillage, and sun-exposure, making them suitable for high traffic areas. This is expected to offer new opportunities for the global LVT market growth. However, in the process to dominate the Luxury Vinyl Tile Flooring Market share, companies involve in R&D to innovate and enhance the durability, recyclability, and reduced costs of the LVT floorings. Hence, these require constant temperature for functioning efficiently, thus limiting its use in countries that witness temperature fluctuations. On the contrary, short lifespan, volatile organic content (VOC) content, and variable temperature conditions of LVT floorings are the major restraints for the market growth. Further, LVT floorings have reasonable installation and maintenance cost as compared to wood and ceramic tiles, which leads to new consumers globally. ![]() Construction of new residential and commercial spaces, remodeling and renovation of the existing structure controls the LVT market. The global LVT flooring market is driven majorly by rise in the construction industry. LVT floorings are cost effective than their wood and stone counterparts, making them the preferred flooring solution. The longevity of LVT flooring depends on the wear layer thickness. They are made up of PVC and calcium carbonate, LVT’s are multi-layered sheets consisting of the outer protective coating also called as wear layer, core layer for stability, and an under layer to make it durable and comfortable. Luxury vinyl tile (LVT) floorings are types of tiles designed to mimic various wood and stone texture floorings along with added benefits. ![]()
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