The Essentials Concerning Construction

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In India, the implementation of the RERA in 2017 has boosted investments in the residential sector. Also, significant budget allocations by the Indian government for the development of smart cities will raise demand for non-resilient flooring during the forecast period. South-East Asian countries such as Singapore, Malaysia, Indonesia, Philippines, Thailand, and why not find out more Vietnam, including Hong Kong, also reported robust residential construction activity. Construction activity also expanded at a moderate rate across developed economies, including the US and Western Europe Register for a free trial today and gain instant access to 17,000+ market research reports. The major non-resilient flooring market growth came from the ceramics segment in 2019 and is expected to witness the fastest growth during the next five years. APAC was the largest non-resilient flooring market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increasing construction activities in countries. The global non-resilient flooring market is fragmented. Armstrong Flooring Inc., Crossville Inc., Forbo Holding AG, Gerflor Group, Milliken & Co., Mohawk Industries Inc., PORCELANOSA Grupo AIE, R.A.K Ceramics PJSC, Shaw Industries Group Inc., and Tarkett Group. are some of the major market participants. To help clients improve their market position, this non-resilient flooring market forecast report provides a detailed analysis of the market leaders.

https://www.businesswire.com/news/home/20201204005469/en/Global-Non-Resilient-Flooring-Market-Rapid-Growth-in-Residential-Construction-to-Boost-Market-Growth-Technavio

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“Centennial is over a million square feet,” he said. “It’s going to be somewhere around 30 floors. It will probably peak out with close to 1,000 people on that job site during the peak of construction.” Sanders said he’s hoping to get started on building the Centennial Tower in the first part of 2022 — about a year later than first planned. Richard Branch, chief economist for Dodge Data & Analytics, said total construction spending in Houston in the first nine months of 2020 was about $15 billion. “That sounds like a lot of money. However, that’s full 17% below where Houston was during the same period of 2019,” he said. One of the reasons Houston is a little worse off than the U.S. as a whole is because of the slowdown in the energy sector. Patrick Jankowski, senior vice president of research at the Greater Houston Partnership, said COVID-19 is making chemical plants and refineries along the Houston Ship Channel hit pause. “We’ve seen a lot of those projects put on hold now, as the industry is trying to assess where we are going with energy demand and where are we going with demand for chemicals and plastics,” he said. The demand for construction workers is down, too.

https://www.marketplace.org/2020/11/17/covid19-recession-puts-damper-large-construction-projects/