Growing necessity for impact-resistant and durable flooring solutions for enhanced safety is anticipated to propel demand for construction flooring chemicals. Environmental concerns regarding low Volatile Organic Compound (VOC) emissions can also stimulate the product demand. Major application variants of construction flooring chemicals are vinyl, epoxy, and Polyurethanes (PU), and Poly Methyl Methacrylate (PMMA).
Replenishing Polyurethane Floors to Reduce Maintenance Cost
Polyurethanes segment is expected to generate the maximum revenue over the forecast period (from 2018 to 2025) owing to their high resistance to stains, oils, and wear. Such floors are easy to clean, light-reflective, and durable. Multiple effective properties of these floors can impel the segment demand in the years to come. Considering the rising demand, most companies in the industry are focusing on research and development in polyurethane floors.
For instance, Accolade Plus from Armstrong Flooring was recently specified for its vinyl flooring being installed at the John Flynn Private Hospital in Queensland. It is highly durable vinyl sheet floors from the manufacturing company due to embossed surface texture. The texture can provide resistance from dirt and wear patterns. Chemical formulation of the product includes replenishing polyurethane that helps reduce overall maintenance and increases scuff resistance.
Market Insights
The global construction flooring chemicals market is expected to value USD 6.15 billion by 2025, according to a report by Grand View Research, Inc. Increasing adoption of renewable raw materials over conventional petrochemical in flooring chemicals is also expected to stimulate market growth. High demand for hygienic and safe floors with low VOC emissions is also impelling market growth.
Rising number of nuclear families coupled with increasing disposable income can further foster market expansion. EsExtensive usage of PU and resin coatings on floors would drive the market growth. Some of the prominent companies in the market are BASF SE, E. I. du Pont de Nemours and Company, SABIC, The DOW Chemical Company, and ExxonMobil Corp.
In-Depth Research Report On Construction Flooring Chemicals Market:
https://www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market
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