Construction flooring chemical market consists of specialty chemicals which are chemical compounds added in the construction materials. These chemicals are added to cement and concrete to improve the performance, enhance work ability, protect and hold construction material and to provide make the structure strong and bonded together. Europe is witnessing remodeling and reconstruction of buildings due to increasing population which demands for more residential construction activities, such as the development of large-scale infrastructure, industries, and commercial spaces. A visible growth in the construction sector was observed and modernization is the key factor responsible for the growth in construction flooring chemicals market. Many opportunities are created with rapid urbanization and industrialization. European population are investing heavily on construction flooring chemicals due to high disposable income, increasing interest in home improvement and renovation project activities. There is an increasing adoption of innovative construction procedures in the European construction activities such as ready-to-mix concrete which is driving the market for construction flooring chemicals.
According to the study “Europe Construction Flooring Chemicals Industry Situation and Prospects Research report”, it was observed that the construction flooring chemical market will witness an expansion over the next few years due to a strong growth in commercial sector, industrial sector, and increase in home improvement and renovation projects. European construction flooring chemical market accounts for a largest share because it offers many benefits such as, noise-reducing effect, dust-binding; insulation provides warmth, comfort and pleasing aesthetics. All the construction flooring chemicals available in the market belong to non-resilient flooring category that are used for designing floor, wall fittings, provide protection from rain or moisture, high impacts and chemical spoilage. The major characteristics of construction flooring chemicals are to ensure low maintenance, resistance towards moisture, resistance towards water, durability and ease of installation.
European 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 in European construction flooring chemicals industry are increasingly focusing on creating strong brand names, offering well-established products, and exhibit long-term reliability. All the major vendors are increasingly competing against each other based on factors such as price, features, and product quality. With advanced technological developments, manufacturers are investing heavily to enhancing the already existing floor chemicals with various properties and environmental friendly products. The leading players in Europe 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. Geographically, Europe construction flooring chemicals industry is spread across Germany, Russia, UK, France, Italy and other regions.
European 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. Various flooring products available in European markets are resilient and non-resilient flooring product. All the resilient flooring products are cork, wood, rubber, vinyl, asphalt, and linoleum. The non-resilient flooring products are ceramic tile, clay tile, concrete tile, terrazzo stone, and brick that are extensively used for residential, commercial, infrastructure, and others. Epoxies, vinyl resins, polyurethane and PMMA are the most used chemicals in European flooring industry. Petrochemical industries in Europe are opting for renewable fuel products with glycerol as an intermediate which is used in the production of finished floor covering chemicals.
The major driving factors in European 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. All 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. Europe consumes a minimum quantity of construction flooring chemicals due to continuing improvements in construction sector. Industrialization is moving at a fast pace providing more opportunities to the growing population. The development and renovations 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 the European countries.
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Ankur Gupta, Head Marketing & Communications