The global Construction Flooring Chemical Market size was USD 5.3 Billion in 2022 and is expected to reach USD 8.95 Billion in 2032, and register a rapid revenue CAGR of 6 % during the forecast period.
Rising demand for durable and aesthetic flooring solutions, technological advancements in flooring technologies, and increasing focus on sustainable and environment-friendly construction practices are key factors driving market revenue growth
Construction flooring chemicals are used to enhance the performance, durability, and aesthetics of flooring systems in residential, commercial, and industrial buildings. These chemicals include sealers, coatings, adhesives, and additives that provide properties such as abrasion resistance, chemical resistance, anti-slip characteristics, and decorative finishes.
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Major Companies:
The global construction flooring chemical market is highly competitive and fragmented, with several large and medium-sized players dominating the market. Major companies in the construction flooring chemical market are adopting various strategies such as mergers and acquisitions, strategic agreements and contracts, product development, testing, and launching more effective products to remain competitive. Some major companies included in the global construction flooring chemical market report are:
- BASF SE
- Sika AG
- RPM International Inc.
- PolyOne Corporation
- Solomon Colors, Inc.
- Covestro AG
- Mapei S.p.A.
- Akzo Nobel N.V.
- Arkema S.A.
- W.R. Grace Co.
Strategic Development:
In 2021, Sika AG acquired Kreps LLC, a US-based company specializing in waterproofing, roofing, and building envelope solutions. The acquisition was aimed at expanding Sika's product offerings in the construction flooring chemical market and strengthening its position in North America.
In 2020, BASF SE announced that it had completed the acquisition of the construction chemicals business of Solvay S.A. The acquisition was valued at around €3.17 billion and aimed to expand BASF's product portfolio in the construction flooring chemical market.
In 2020, RPM International Inc. acquired Nudura Corporation, a Canadian company specializing in insulated concrete forms. The acquisition was aimed at expanding RPM's product offerings in the construction flooring chemical market and strengthening its position in North America.
In 2019, PolyOne Corporation acquired Fiber-Line, a US-based company specializing in composite materials. The acquisition was aimed at expanding PolyOne's product offerings in the construction flooring chemical market and strengthening its position in North America and Europe.
Key questions addressed in the report:
- What is the expected market size of the global Construction Flooring Chemical market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Construction Flooring Chemical market?
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Construction Flooring Chemical Market Segmentation:
By Type Outlook:
- Epoxy
- Polyurethane
- Vinyl
- Others
By Application Outlook:
- Residential
- Commercial
- Industrial
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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