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.

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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.

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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.

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

Geographic Coverage:

North America
Europe
Asia-Pacific
Rest of The World

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