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If the manufacture of wood panelling for hardwood floors were prohibited

If the manufacture of wood panelling for hardwood floors were prohibited

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The America wood flooring market size was valued at USD 4.6 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 1.5% from 2020 to 2027. Rising demand for aesthetically pleasing, durable alternatives to traditional flooring materials is projected to fuel the market growth. With the ever-increasing growth of interior decoration and real estate sectors, floor covering solutions, accessories, and equipment have gained considerable importance. Wooden flooring products are expected to continue witnessing an ascending demand over the coming years owing to their natural look and longevity in comparison with conventional flooring solutions. So if the manufacturing of wooden panel have prohobited, then it will badly affect the market. The entire will grow descending. This will affect lot of firms and leads to job loss of thousands of people. Further it will have a negative impact on the economy.

Rahul Sunny answered 1 year ago
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