Construction Flooring Chemical Market Size Worth $6.15 Billion by 2025: Grand View Research, Inc.
SAN FRANCISCO, September 27, 2017 /PRNewswire/ --
The global construction flooring chemicals market [http://www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market?utm_source=Paid_PR&utm_medium=Referral&utm_campaign=PRNewswire_27sep&utm_term=RD&utm_content=RD ] 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.
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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 with TOC on "Construction Flooring Chemicals Market Analysis By Product (Epoxy, Vinyl, Polyurethanes, Poly Methyl Methacrylate (PMMA), By Application, By Region, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market [http://www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market?utm_source=Paid_PR&utm_medium=Referral&utm_campaign=PRNewswire_27sep&utm_term=RD&utm_content=RD ]
Further Key Findings From the Study 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 related reports by Grand View Research:
- Blowing Agents Market -
http://www.grandviewresearch.com/industry-analysis/blowing-agents-market
- Specialty Coatings Market -
http://www.grandviewresearch.com/industry-analysis/specialty-coatings-market
- Malic Acid Downstream Potential Market -
http://www.grandviewresearch.com/industry-analysis/malic-acid-downstream-potential-market
- Bio Based Polymethylmethacrylate Market -
http://www.grandviewresearch.com/industry-analysis/bio-based-polymethylmethacrylate-bio-pmma-market
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
Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/specialty-and-fine-chemicals
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
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SOURCE Grand View Research, Inc.
