According to the report published by Zion Market Research, global demand for construction flooring chemicals market was valued at approximately USD 3.06 Billion in 2019, and is expected to generate revenue of around USD 4.45 Billion by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026. The rising industrialization and urbanization, coupled with surging awareness about green buildings, are the major aspects behind the expansion of the market. The construction chemicals are compositions added to concrete, cement, and other construction materials to keep the whole thing together and also provide the final mixture of additional strength. These are utilized in higher volumes in the civil repair and construction sectors.
The key players functional in the market are SABIC, ExxonMobil, BASF, Sinopec, Dow Chemical Company, Mitsubishi Chemical Corporation, DuPont, Ineos, Forbo Holding, LG Chem, PPG Industries, Toray Industries., RPM International Inc., Tremco Inc., and Huntsman Corp.
Rising Demand For Coatings In Various Industries To Boost The Global Construction Flooring Chemicals Market
The growing importance of impact resistant flooring and durable solutions in the laboratories, manufacturing facilities, and metal industries to advance safety, hygiene, plus decreasing VOC (volatile organic compounds) emissions is likely to remain a chief driving factor. Additionally, considering the long-duration existence and sustainability of solid floorings, the use of coatings like PU and resins will ultimately boost the demand in the forecasted period. In the last few years, urbanization and population growth in budding markets including China, Brazil, and India have resulted in regional administrations for augmenting the investments in developing the industries correlated to construction, packaging, and automotive.
The global construction flooring chemical market is bifurcated on the basis of application, type, and regional analysis. Based on the type, the market is divided into soft covering, non-resilient, resilient, and others. Based on the applications, the market is divided into industrial/commercial, residential, infrastructure, and repair structures.
North America Region To Witness Massive Growth In The Global Construction Flooring Chemical Market
Based on the geographical analysis, the global construction flooring chemicals market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The North America region, led by the U.S. and Canada construction flooring chemicals market size is expected to witness an uptrend due to increasing demand for commercial and residential construction that consists of shopping complexes, sports stadiums, corporate buildings, hotels, and airports, should impel the regional industry growth. The Asia Pacific region led by India, Japan, South Korea, and China is likely to witness augmentation in demand during the forecasted time. The mounting administration regulations toward smart building trends and energy efficient technologies will boost regional growth. The constructive outlook in roads & bridges, rail, airports, power, and water dams building might add up to the regional growth.
Browse the full Report at https://www.zionmarketresearch.com/report/construction-flooring-chemicals-market
The global construction flooring chemical market is segmented as follows:
- Soft Covering
- Repair Structure
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa