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 Details of Report @
http://www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market
http://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.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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
For More Information: https://www.grandviewresearch.com
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