World demand for flooring and carpet to climb.World demand for flooring and carpet is expected to climb 4.1 percent per year through 2010 to 14.7 billion square meters, valued at $162 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report from Cleveland-based market research firm the Freedonia group. Flooring and carpet demand in developed parts of the world will climb, although the pace of increase will be less robust than in developing countries. Product sales in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). will accelerate through 2010, and floor covering demand in Japan will exhibit renewed strength following an extended period of decline, according to the report. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , flooring and carpet sales will be spurred by increases in nonresidential construction and motor vehicle production. Demand for non-resilient flooring (ceramic, wood, laminate laminate, n a thin slice of porcelain or plastic fabricated in a dental lab, which is cemented to the front of the teeth to cover gaps, whiten stained teeth, or reshape chipped or broken teeth. , etc.), which is the most popular type of floor covering worldwide, will outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, sales of resilient flooring (which includes vinyl, linoleum linoleum (lĭnō`lēəm), resilient floor or wall covering made of burlap, canvas, or felt, surfaced with a composition of wood flour, oxidized linseed oil, gums or other ingredients, and coloring matter. and rubber products), and carpet and rugs through 2010. According to the Freedonia report, increases will be driven by the durability and ease of maintenance offered by non-resilient flooring and supported by growing consumer preference for high-end and natural hard surface flooring products as income levels climb. Suppliers of carpets and rugs, the second most widely used type of floor covering, will benefit from a pickup in building expenditures in Western Europe, rising construction activity in other parts of the world and to a lesser extent, growth in global motor vehicles production. The full study, "World Flooring & Carpets" is available for purchase at www.freedoniagroup.com. |
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