The market for architectural coatings is expected to grow at a CAGR of 5.5% during the forecast period of 2022 to 2030. Architectural coatings producers are increasingly concentrating their efforts on developing ecologically friendly materials that generate less emissions and lessen the carbon footprint they leave behind. In addition, there has been an increased interest in refurbishment, most notably within the residential sector, which has been increasing demand for architectural coatings.
Concrete floor coatings market is expected to showcase a CAGR of 7.2% during the forecast period 2022 to 2030. The expansion of end-use industries such as residential construction and the surge in demand for commercial spaces, as well as the growing demand for protective coverings for concrete flooring, are the primary factors that will drive the growth of the concrete flooring market over the course of the forecast period.
It is anticipated that the global ceiling tiles market would expand at a compound annual growth rate (CAGR) of 8.5% during the forecast period as against the earlier estimated CAGR of 4% pre-covid. Many of the construction projects that were stalled due to the spread of covid-19 have started to resume at a significant rate, therefore, compelling the market to grow at a healthy rate during the forecast period of 2022 to 2030.
The mounting focus on environmental sustainability has influenced the use of white cement across the globe. The growing use of white cement due to its heat-reflecting properties and beautiful appearance of artwork are driving the global white cement market in recent years. Moreover, white cement is currently an ideal choice for architectural works due to freedom of choice of colors, textures, shapes, sizes, and patterns to accommodate a multitude of applications that takes their artistic expression to a higher level.
The global construction industry is steadily recovering and rising income level is motivating people across the world to invest in luxurious apartments. Facilities available in residential complexes such as swimming pool, club house, gyms etc are influencing buyers’ decision during purchase of new home.
Green cement market is expected to reach US$ 46.14 Bn by 2026 with 10.2% CAGR during the forecast period from 2018 to 2026. In 2017, Europe led the green cement market and Asia Pacific is estimated to be the fastest growing region between 2018 and 2026.
Panelized modular building systems have emerged as a potential catalyst in enhancing productivity, certainty in delivery, skills and data transparency of any construction project. Panelized modular building system refers to structural components of building structures such as roof trusses, wall frames, wood kits, floor, stairs and others which are manufactured and delivered to the site where it is to be assembled as stick build homes.
Putty is filler material which is analogous in texture to dough or clay and possess with high plasticity. The unique function of putty fillers is to repair and fill cracks to make them smooth and aesthetically correct after sanding. Putty fillers are typically utilized in repair & maintenance and domestic construction as a filler or sealant. Some specialized putty fillers are flame retardant, since they are widely used in fire prevention as well as for packing of electrical boxes in flame retardant drywall assemblies.
Cement is a binding agent and a key ingredient in concrete and mortar, which is mainly used in construction industry. The demand for cement is strongly correlated to the rate of economic development. Cement manufacturing is the third largest energy consuming and CO2 emitting sector.
Construction Market Research Reports
Construction is one of the fastest growing sectors across the globe. It is all about adding structure to an existing real estate property. It is the most crucial phase in creation of a building. Construction has played a vital role in every phase of our surroundings . It is considered as one of the massive, widest and the most dangerous sector in present business modular construction world.
The construction sector involves various factors and edifices with bridges, houses, industries, schools and roads being the most common examples in this sector. However, apart from constructing new edifices and buildings, construction sector also include facets such as repair works, maintenance, new work sites setting and modifying current structures. The worldwide construction industry is predicted to make a profit of more than three trillion in year 2015 with over thirty percent growth in five years.
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