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Shibuya-ku, Tokyo, Japan, Japan, May 23, 2022, 23:28 /Comserve / -- In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Floor Sealer and Finisher Market Report.
The floor sealer and finisher market by revenue is expected to grow at a CAGR of 7.58% during the period 2022–2031.
Renovation and remodeling are the significant factors driving the growth of the market globally. Advancements in technologies and stringent government regulations toward VOCs and the usage is fueling the adoption of water-based floor sealer and finisher. Increasing activities in the construction and infrastructure sectors and rising demand for decorative flooring from residential and commercial sector is expected to boost the market growth. Increased residential and commercial construction sectors investments will drive the demand for floor sealers and finishers in China.
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The following factors are likely to contribute to the growth of the floor sealer and finisher market during the forecast period:
• Increasing Public Infrastructure Projects
• Growing Demand from Construction Industry
• Rising Home Improvement Activities
• Construction Opportunities in Developing Nations
The study considers the present scenario of the floor sealer and finisher market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
High disposable income in developed nations and strict government regulations has fueled the demand for water-based floor sealer and finisher in developed regions such as Europe and North America. The demand for water-based floor sealer and finisher solutions is increasing due to the stringent regulatory environment. With advancements in the chemical industry and rising concern about the impact of solvent-based sealers on the environment, demand for water-based sealers is significantly increasing across the globe.
The robust nature of concrete and low price has pushed the demand for concrete floor sealers and finishers. Over the estimated period, the increasing need for beautiful flooring needs in driveways, garages, sidewalks, courtyards, and parking lots throughout the world is expected to fuel the growth of the industry. Vendors who can cater to the demand for advance and bio-based concrete floor sealers and finishers are expected to witness a growing market share in the upcoming years.
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Residential and commercial sectors are the primary revenue generators for the floor sealer and finisher market share. The rising population in the APAC region is boosting residential construction, along with new housing projects by the government. Hence, the demand for floor sealers and finishers in the residential sector is expected to increase in the region. Existing buildings are estimated to represent up to 80% of the stock in some countries by 2030, and retrofits will play a critical role in the industry.
Vendors in countries such as the US and the UK primarily sell their finished products either in B2B brick and mortar stores, directly through distributors, or through their websites and other online channels. With the rising adoption of digitalization, many vendors focus on capitalizing on online opportunities and reaching out to customers directly via online websites and other digital media. The online sale is growing at a considerable rate. Although a small contributor to the overall market revenue, it is expected to become a significant distribution channel over the coming years.
The floor sealer and finisher market research report include an in-depth analysis of the industry analysis with market dynamics, SWOT analysis, competitive landscape, drivers, and restraints for the following segments:
Segmentation by Products
• Solvent-Based
• Water-Based
Segmentation by Application
• Concrete
• Wood
• Terrazzo
• Others
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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