Carpet Chemicals Market to Reflect Impressive Growth Rate During 2016 - 2026

The market of global Carpet Chemicals is anticipated to be driven by the growth of construction and refurbishment industry. The Increased number of residential buildings as well as commercial buildings such as hospitals, hotels, schools, offices, etc. is driving the demand for the carpets, thus also benefitting the carpet chemicals end use market.

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However, due to high level of VOC present in carpets has called for stringent regulations for carpet manufacturing and installation based procedures, which has prompted the use of alternate flooring systems such as wood laminate flooring, ceramic tiles, vinyl, linoleum floors, etc. decreases the demand of carpet and therefore, impacting the growth of global Carpet Chemicals market.

The global Carpet Chemicals market is segmented on the basis of product type such as binders, moisture barriers and antioxidants. On the basis of application, global carpet chemicals market is segmented into residential use and commercial use. Residential use includes houses, apartments, etc. where as commercial use includes schools, offices, healthcare, retail, banks, commercial property managers, funeral parlors, churches, hospitality, hotels and others.

Geographically, the Global Carpet Chemicals industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. North America holds the highest share in the global carpet chemicals market. Asia Pacific holds the second largest share in the global carpet chemicals market followed by Europe, Latin America, Middle East Africa and rest of the world.

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The major players identified across the value chain of global Carpet Chemicals market include Devan Chemicals, The Rug Cleaning Company, Omnova Solutions Inc., Amtech UK, Rotovac Corporation, American Textile LLC., Daycon Products Co. Inc., Altret Industries Pvt. Ltd., Dynamic Speciality Chemicals Ltd., Chemical Specialities Manufacturing Corporation, Jon-Don Inc., Namco Manufacturing, Stepan Company and many others. The companies are emphasizing on research and development and new product development in order to maintain the competitive advantage in global carpet chemicals market during the forecast period. The companies are also focusing on different strategies in order to keep on developing the market share in the global carpet chemicals market.

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