Interesting article in Floor Daily on LVT earlier this year.
- Market Insights estimates that domestic LVT consumption for 2015 hit $1.185 billion, up nearly 8% from 2014 and now accounting for 12% of total U.S. flooring sales. LVT has now surpassed laminate flooring, which has sales of less than $1.1 billion. It’s also bigger than sheet vinyl ($860 million).
- According to Santo Torcivia of Market Insights, investments in domestic production over the last few years have topped half a billion dollars, and much of that has been since 2014.
- LVT is the fastest growing product in the flooring industry