Asia construction flooring chemicals market
consists of specialty chemicals which are chemical compounds added in
construction materials, such as cement and concrete to improve the performance,
enhance workability, protect and hold construction material and to provide make
the structure strong and bonded together. There is a need for more houses due
to increasing population which demands for more residential construction
activities, such as the development of large-scale infrastructure, industries,
and commercial spaces. Therefore, a visible growth in the
construction sector and modernization are the key factors responsible for the
growth in construction flooring chemical market. Emerging economies such as
China and India, offer more number of opportunities with rapid urbanization and
industrialization. Asian population are investing heavily on construction
flooring chemicals due to high disposable income, increasing interest in home
improvement and renovation project activities. The
increasing adoption of innovative construction procedures in construction
activities such as ready-to-mix concrete is driving the market for construction
flooring chemicals.
According to the study “Asia Construction Flooring Chemicals Industry Situation and Prospects
Research report”, the construction flooring
chemical market will witness an expansion over the next few years due to a
strong growth in commercial sector, industrial sector, increase in home
improvement and renovation projects. The construction flooring chemical market
accounts for a largest share in the Asian markets and also offers many benefits
such as, noise-reducing effect, dust-binding, insulation provides warmth,
comfort and pleasing aesthetics. The construction flooring chemical market in
the non-resilient flooring category are used for designing floor, wall
fittings, provide protection from rain or moisture, high impacts and chemical
spoilage. The key requirements for construction flooring chemicals are to
ensure low maintenance, resistance towards moisture, resistance towards water,
durability and ease of installation.
The construction flooring
chemicals market is categorized into various product types such as epoxy
resins, vinyl resins, polyurethanes, polymethyl methacrylate (PMMA) resin and
others. All the leading manufacturers are increasingly focusing on creating
strong brand names, offering well-established products, and exhibit long-term
reliability. The vendors are increasingly competing against each other based on
factors such as price, features, and product quality. Manufacturers are
investing heavily in technological developments and have excelled in enhancing
the existing floor coatings with various properties. The leading players in Asia construction flooring chemicals
industry are BASF, Dow Chemicals, Sinopec, Exxon Mobil, SABIC, DuPont, Ineos,
LyondellBasell Industries, Mitsubishi Chemical Corporation, LG Chemicals,
AkzoNobel, Mitsui Chemicals, Forbo Holdings, Toray Holdings, PPG Industries,
Tremco, Huntsman and Borealis AG.
Construction flooring chemical market
is categorized based on type of material such as soft covering,
resilient, non-resilient and others. They are used in residential, industrial,
commercial, infrastructure and repair structure constructions. There
are various flooring products available in Asian markets such as resilient
flooring such as cork, wood, rubber, vinyl, asphalt, and linoleum;
non-resilient such as ceramic tile, clay tile, concrete tile, terrazzo stone,
and brick are extensively used for residential, commercial, infrastructure, and
others. Epoxies, vinyl resins, polyurethane and PMMA are the most used
chemicals in Asian flooring industry. Petrochemical industries in Asia are
going renewable with glycerol as an intermediate which is used in the
production of finished floor covering chemicals.
The major driving factors in the construction
flooring chemicals market are the need for durable flooring, impact resistant
flooring solutions in manufacturing facilities such as laboratories and metal
industries. This is to ensure safety, hygienic, and reducing volatile organic compounds emissions
in the industrial environment. The construction flooring chemicals market
prefers long-term existence and sustainability of concrete floorings and the
use of resins coatings and polyurethane is propelling the demand. China is the
largest consumer of construction flooring chemicals market in Asia due to
continuing improvements in economic conditions. Industrialization in China is
moving at a fast pace providing more opportunities to the growing population.
The development of commercial buildings such as luxury resorts, food chains,
shopping malls, coffee outlets, airports and sports stadiums will witnessing an
indirectly demand of construction flooring chemicals market over the next few
years in Asian countries.
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