Construction Flooring Chemicals Market Size & Share Report, Growth, Trends, 2032

Construction Flooring Chemicals Market Insights

Zion Market Research has published a report on the global Construction Flooring Chemicals Market, estimating its value at USD 1021.25 Million in 2023, with projections indicating that it will reach USD 1846.18 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.8% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Construction Flooring Chemicals industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Construction Flooring Chemicals Market: Overview

Flooring products are the most significant building construction materials with a diversified product portfolio, which includes soft covering, resilient such as wood, cork, rubber, asphalt, vinyl and linoleum and non-resilient which are extensively used for residential, commercial, and infrastructural applications. Chemicals majorly used in the flooring sector include vinyl resins, PMMA, epoxy, and polyurethane.

Global Construction Flooring Chemicals Market: Growth Factors

Burgeoning demand for advanced flooring products on account of increasing awareness toward durability and good aesthetics features is set to drive the construction flooring chemicals market trends in the coming years. In addition, the growing significance of durable and impact resistant flooring solutions in the manufacturing facilities, laboratories, and metal industries to improve safety, hygienic, as well as reducing VOC emissions is expected to remain a key driving factor for construction flooring chemicals market in the near future.

However, fluctuating crude oil prices is expected to remain one of the challenging factors for the key industry participants and this will hinder the growth of the construction flooring chemicals market in the years ahead. Some of the chemical processing companies are likely to focus on renewable materials and this will further obstruct the market growth trends.  Nevertheless, the long-term presence and sustainability of concrete floorings, the application of coatings such as resins and PU will eventually propel the market size in the coming decade.

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Global Construction Flooring Chemicals Market: Segmentation

The global construction flooring chemicals market can be classified into the product, type, and application. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the product, the market is sectored into epoxy, vinyl, polyurethanes, and poly methyl methacrylate (PMMA).

Type-wise, the construction flooring chemicals market is classified into soft covering, resilient, non-resilient, and others.

On the basis of application, the market is divided into residential, commercial, infrastructure, and repair structure.

The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Construction Flooring Chemicals Market: Report Scope

Global Construction Flooring Chemicals Market: Regional Analysis

North America is likely to contribute massively towards the market size over the forecast timeline. The high adoption rate of flooring chemicals in both the residential and commercial sector that includes corporate buildings, shopping complexes, airports, and sports stadiums is expected to increase the market demand over the forecast period. 

The Asia Pacific is projected to witness a lucrative revenue growth during the next ten years. The positive outlook for manufacturing facilities as well as government policies for affordable housings in the major markets including China and India that promotes investments on a domestic level and private overseas investments is expected to be major market growth driving factors in the region.

Latin America is projected to contribute enormously towards the construction flooring chemicals market revenue in the coming years. The firm foothold of automotive manufacturing hubs such as Mexico and Brazil on account of renewing existing government policies to create favourable tax benefits for manufacturers is projected to enhance the market earnings of construction flooring chemicals over the projected period.

The Middle East and Africa are set to witness a lucrative growth over the next few years. The introduction of government policies towards infrastructural expansion is expected to fuel up the demand for construction flooring chemicals market during the forecast period. There remains a significant retail development pipeline in Dubai in UAE, with approximately 13.3 million square feet GFA currently in the execution stage and this is expected to reach practical completion by 2032. This, in turn, will increase the demand for construction flooring chemicals in the region over the forecast period. 

Global Construction Flooring Chemicals Market: Competitive Players

Some of key players in construction flooring chemicals market 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
• Borealis AG
• among others

This report segments the Global Construction Flooring Chemicals Market as follows:

Global Construction Flooring Chemicals Market: Product Analysis

• Epoxy
• Vinyl
• Polyurethanes
• Poly Methyl Methacrylate (PMMA)

Global Construction Flooring Chemicals Market: Type Analysis

• Soft Covering
• Resilient
• Non-resilient and Others

Global Construction Flooring Chemicals Market: Application Analysis

• Residential
• Commercial
• Infrastructure
• Repair Structure

Construction Flooring Chemicals Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa