[FURL=https://www.industryarc.com/Research/Construction-Flooring-Chemical-Market-Research-501686?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Construction Flooring Chemical Market[/FURL] size is forecast to reach $53.60 billion by 2026, after growing at a CAGR of 6% during 2021-2026. With rise in construction industry, the construction flooring chemicals market is witnessing an increase in market growth, as construction chemicals have always been playing important roles in all sorts of construction projects. Poly methyl methacrylate (PMMA), helps majorly in flooring solution for rapid installations in low temperature environments.Key Takeaways
Asia-Pacific has dominated the Construction Flooring Chemical market owing to increasing demand from construction industry.
The growing construction industry, is likely to aid in the market growth of construction flooring chemical.
Growing public demand for residential construction will further enhance the overall market demand for construction flooring chemical during the forecast period, this will increase the market demand for construction flooring chemical in the near future.
Increase in drying shrinkage will create hurdles for the construction flooring chemical market.
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Construction Flooring Chemical Market Segment Analysis – By Geography
APAC has dominated the construction flooring chemical market in the year 2020 and is expected to grow at a CAGR of 6.1% during the forecast period. China is expected to maintain its dominance owing to increasing domestic demand for residential and commercial buildings. Increasing demand for public, commercial and residential buildings is driving the global construction chemical market. Additionally, the increasing income of individuals has created a demand for better-quality residential buildings, acting as a growth driver for the global construction chemical market.
Demand for building, roads, bridges, tunnels and clams is the further driving the construction flooring chemical. According to the “Indian Brand Equity Foundation”, India will require investments worth of US $777.73 billion across infrastructure by 2022. So, owing to the investments like these, the construction flooring chemical market will drive.
Construction Flooring Chemical Market Drivers
Reduction of Abrasives & Increases bond strength
Cost Saving
Construction Flooring Chemical Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the construction flooring chemical market. Major players in the construction flooring chemical market are Akzonobel, Basf, Borealis Ag, Dow Chemical, Dupont, Exxon Mobil, Forbo Holding, Huntsman Corp, Ineos, Lg Chemical, Lyondellbasell Industry among others.
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