Building Finishing Market is Forecasted to Reach US$ 15.9 billion in 2028, Says Stratview Research

The global building finishing market is projected to witness a growth rate of 4.8% annually from 2023 to 2028, with an anticipated size of US$ 15.9 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global building finishing market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 15.9 billion
Growth (CAGR): 4.8% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Building Finishing Market:
The global building finishing market is segmented based on application type, product type, material type, building type, and region.

Based on application type - The building finishing market is segmented into cementitious floors, tile setting, concrete repair mortars, façade mortars, and protection, waterproofing mortars, cementitious grouts, interior wall leveling, and others. Tile setting is expected to be the dominant application type during the forecast period. Major factors, such as extensive use and increasing demand for tiles in both residential and commercial construction because of their durability, water resistance, stain resistance, and crevice resistance, are fuelling the demand for tile settings during the forecast period. In addition to that, the endurance and longevity tiles withstand heavy foot traffic, moisture, and wear and tear, making them suitable for both interior and exterior applications. Also, renovation and remodeling projects are on the rise as property owners seek to upgrade and modernize their homes and commercial spaces. Tiles are a popular choice for renovation projects due to their ability to quickly transform the appearance and functionality of a space.

Based on the product type - The market is segmented into building mortars, engineered mortars, and cementitious flooring mortars. Building mortars are anticipated to be the dominant product type in the market during the forecast period. The global construction industry has been experiencing steady growth, driven by urbanization, population expansion, and infrastructure development. As more buildings and structures are constructed, there is a corresponding rise in the demand for building mortars to support various finishing applications, such as plastering, tiling, and masonry work.

Based on the material type - The market is segmented into acrylic, polyurethane, epoxy, silicone, SBR (styrene butadiene rubber), vinyl ethylene, latex emulsions, polyethylene, and polypropylene. Acrylic is expected to hold the major share of the market during the forecast period. Acrylic is a popular raw material due to its versatile nature and wide range of beneficial properties that make it suitable for various applications. Acrylics have strong adhesion properties, which means they can form a strong bond with various surfaces. This quality makes acrylic mortars highly effective in adhering tiles, stones, and other finishing materials to substrates. In addition to that, Acrylics generally have rapid curing and drying times, leading to faster project completion and reduced downtime during construction.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3561/building-finishing-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that The Asia-Pacific is expected to be the fastest-growing market during the forecast period. This growth outlook is majorly attributed to the following-
- The growing number of construction activities, rapid urbanization, growing population, and improving economic conditions.
- This has led to increased demand for residential, commercial, and infrastructure projects.
- Emerging economies, such as China and India, are investing heavily in construction activities and infrastructure developments, these projects require extensive building finishing work, such as tiling, flooring, painting, and decorative elements, ultimately fuelling the growth of the market in Asia-Pacific region.
- Also, governments in the Asia-Pacific region are implementing policies and initiatives to support the construction sector. Infrastructure development plans, housing schemes, and foreign investments are boosting construction activities, including building finishing projects.

Building Finishing Market Drivers:

Some of the key drivers listed in the report are given below.
- The growing construction industry, increasing spending on infrastructural development, and increasing investment to upgrade and maintain aging buildings and infrastructure.
- In addition to that, the rise in global population drives the demand for residential and commercial construction and infrastructure development, rapid urbanization and industrialization, and the rise in disposable income.

Top Companies in the Building Finishing Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Sika AG
• The DOW Chemical Company
• DuPont de Nemours, Inc.
• 3M
• Saint-Gobain S.A.
• Holcim
• RPM International Inc.
• MAPEI S.p.A
• Ashland Global Speciality Chemicals Ltd.
• W.R. Grace & Co.
• Evonik Industries AG
• Pidilite Industries Limited

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Building Finishing Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Waterproofing Market: https://www.stratviewresearch.com/3552/waterproofing-market.html

• Polypropylene Market: https://www.stratviewresearch.com/1416/polypropylene-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.