Positive outlook for 2018 U.S. hardwood flooring market

America’s hardwood flooring consumption rose 5.9 per cent in 2016, according to a market research report released by Catalina Research.

Growth in laminate flooring was much lower at less than one per cent. The U.S. hardwood flooring market was worth US$3.64 Bn in 2016. In laminate flooring, imports have grown, especially from Asia, but U.S. producers hope that the new federal formaldehyde emission requirements will provide a competitive advantage to domestic manufacturers.

Competition from non-wood hard surface floors, especially luxury vinyl tile and wood plastic/polymer composites, is another concern for wood flooring producers.

The hardwood flooring market outlook for 2018 is positive. The National Hardwood Flooring Association carried out a survey among its members this year and more than 70 per cent expect sales to grow at least three per cent in 2018. Others expect sales to grow eight per cent or more.

Source: ITTO