San Francisco, 22 November
2018: 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.
Access Research Report
of 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 at: 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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa (MEA)
Access Press Release of
Construction Flooring Chemical Market@: www.grandviewresearch.com/press-release/global-construction-flooring-chemicals-market
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.
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