Press release
Construction Flooring Chemicals Market By Key Players: BASF, SABIC, ExxonMobil, DOW chemicals, Sinopec, DuPont, Ineos, Mitsubishi Chemical Corporation, LG Chem, Forbo Holding,Toray Industries., PPG Industries, Tremco Inc, RPM International Inc, Huntsman C
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Construction Flooring Chemicals Market size is likely to witness significant gains due to increasing growth of nuclear families and rise in per-capita disposable income on account of buying new residential apartments. Increasing importance towards the durability and impact resistant in manufacturing plants, metal industries, chemical laboratories to improve the safety, hygienic, and reducing the VOC emissions would promulgate the industry growth.
Chemicals majorly used in flooring sector includes vinyl resins, PMMA, epoxy, and polyurethane. Fluctuating crude oil cost may challenge industry profitability and affect construction flooring chemicals market price trend. Moreover, companies are focusing on renewable products such as glycerol over conventional feedstock, to maintain market position.
Construction flooring chemicals market size from commercial applications may witness steady gains due to increasing government spending in electronics and automotive industries. Companies are also focused towards R&D accompanied with construction spending in China and India should stimulate industry growth.
North America, led by Canada and the U.S. construction flooring chemicals market size may witness an uptrend owing to rising demand for residential and commercial construction which includes shopping complexes, corporate buildings, sports stadiums, airports, and hotels should drive regional industry growth.
Asia Pacific led by Japan, India, South Korea and China construction flooring chemicals market size may witness surge in demand over the forecast timeframe. Increasing government regulations towards energy efficient and smart building technologies should boost regional growth. Positive outlook in rail, roads & bridges, power, airports, and water dams building may favour regional growth. Rapid urbanization along with to reduce GHG emissions has led to expansion of green buildings.
Middle East and Africa led by Kuwait, Oman, Dubai, South Africa construction flooring chemicals market size is likely to witness a significant growth over the forecast timeframe. Rising government policies towards infrastructure expansion will fuel product demand over the forecast timeframe. Moreover, the pipeline development in Dubai, with approximately 13.3 million square feet GFA, which is presently in an execution stage, is expected to complete by 2019, which will further boost construction flooring chemicals market demand.
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Top key players:
Global construction flooring chemicals market share is competitive and moderately consolidated. Major players operating in the industry include BASF, SABIC, ExxonMobil, DOW chemicals, Sinopec, DuPont, Ineos, Mitsubishi Chemical Corporation, LG Chem, Forbo Holding,Toray Industries., PPG Industries, Tremco Inc, RPM International Inc, Huntsman Corp. Favorable trend towards forming new SBUs is likely to have a positive impact in the construction flooring chemicals market demand.
Market share calculation in this report is not done based on companies covered in it. The calculation of construction flooring chemicals market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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