The global construction
flooring chemicals market is projected to reach approximately USD
6.15 billion by 2025, growing at a CAGR of 4.7% during forecast period,
according to a new report published by Grand View Research, Inc. Increasing
growth of millennials and nuclear families as well as rise in disposable income
towards capability in purchasing of residential apartments in emerging markets
is expected to promote the usage of flooring chemicals. Also, the growth of
manufacturing facilities in developing nations is projected to increase the
application of construction flooring chemicals over the forecast period.
Flooring chemicals demand in the commercial sector is
expected to grow at a CAGR of 3.8% in terms of volume from 2016 to 2025. The
lucrative manufacturing outlook in developing nations including China and India
on account of easy availability of chemical feedstock and cheap labor is
expected to result in establishment of new commercial spaces. Abovementioned
favorable trend toward the formation of new strategic business units (SBUs) is
expected to increase the application of flooring and thus in turn will have a
positive impact on market.
Browse full research report on Construction Flooring Chemical Market: www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market
Further
key findings from the report suggest:
- Demand for construction flooring chemicals in North America will
surge in accordance with growth in renovation and occupancy of building in
prime locations such as San Francisco and New York. construction flooring
chemicals market is expected to witness a CAGR of 2.3% in terms of
revenue. Mature market such as U.S. have expanding client request, greater
interest in terms of renovations, as well as implementation of designs.
- MEA construction flooring chemicals market is expected to witness
revenue growth at a CAGR of 4.9% from 2017 to 2025. This growth in
attributed to the increasing penetration of corporate offices, retail
outlets as well as luxury hotels in UAE and Saudi Arabia.
- Epoxy resins is set to witness a CAGR of 4.5% from 2017 to 2025 in
terms of revenue in MEA region, on account of its application in
construction of luxury residences, hotels, resorts and urban corporate
offices.
- Key vendors include BASF, SABIC, DOW chemicals,Sinopec.,
ExxonMobil, DuPont, Ineos,LyondellBasell Industries, Mitsubishi Chemical
Corporation, LG Chem, AkzoNobel, Mitsui Chemicals, Forbo Holding, Toray
Industries., PPG Industries, Tremco Inc, RPM International Inc, Stonhard
Inc, Huntsman Corp and Borealis.AG
- In June 2016, Dow Chemical Company completed the strategic
ownership of Dow Corning and its silicone business. The ownership is
likely to improve new chemistry and enhance existing technology to Dow as
well as extending its participation in Consumer, Infrastructure,
transportation, packaging and electronics. Dow Corning will operate as a
wholly owned subsidiary of Dow, and will be headquartered with Dow in
Midland, Michigan.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand
View Research has segmented the construction flooring chemicals market on the
basis of product and application:
Product
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Epoxy
- Vinyl
- Polyurethanes
- Poly Methyl
Methacrylate (PMMA)
- Others
Application
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Residential
- Commercial
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Central &
South America
- Brazil
- Middle East
& Africa (MEA)
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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