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    North American Floor Adhesives Market Size, Share & Forecast (2019-2024)

    North American Floor Adhesives Market Size, Share & Forecast (2019-2024)
    Report code - SRCE109 Published On : Sep,2019 No. of Pages: 154
    North American Floor Adhesives Market Size, Share, Trend, Forecast, & Competitive Anal See more...
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    North American Floor Adhesives Market Insights

    The North American floor adhesives market size is projected to reach an estimated value of US$ 1,138.6 million in 2024. The upward trajectory of the floor adhesives market in the region is likely to continue with attractive growth opportunities in the entire ecosystem of the market in the coming years. Growing North American construction industry, an increasing consumption of adhesives in North America, increasing usage of water-based adhesives in order to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and ability of adhesives to bond dissimilar materials are the driving factors that are burgeoning the growth of floor adhesives in the North American market.

    North American Floor Adhesive Market Forecast

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    North American Floor Adhesives Market Share Analysis

    The market dynamics of floor adhesives in North America is different than that of other parts of the world. The region has an overall high penetration of adhesives in flooring applications as compared to Asia-Pacific, which is the largest flooring adhesives market. Also, the per capita consumption of floor adhesives is quite higher in North America as compared to that of Asia-Pacific.

    Insights by Material Type

    The North American floor adhesives market is segmented based on the material type as Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives. Polyurethane adhesives currently dominated the North American floor adhesives market, driven by its higher usage in wood flooring applications. Acrylic adhesives are likely to witness the highest growth during the same period, owing to their increased usage in LVT flooring and carpet applications.

    Insights by Type of Application

    Based on the application type, the North American floor adhesives market is segmented into Tiles & Stone, Wood, Carpet, Laminate, LVT, and Others. Wood flooring is likely to be the dominant application type in the regional floor adhesives market during the forecast period. There is increasing usage of adhesives instead of mechanical fastening systems in wood flooring application. Wood flooring requires more adhesive content per square feet, which further elevates the demand for adhesives in the segment. Vinyl flooring application is expected to witness the highest growth during the forecast period, driven by increasing demand for luxury vinyl tiles (LVT) in North America.

    North American Floor Adhesive Market Forecast

    Insights by Technology Type

    The North American floor adhesives market is segmented based on the technology type as Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives. Water-based technology currently dominates the North American floor adhesives market. The technology type is also likely to grow at the highest rate during the forecast period, driven by stringent regulations regarding reducing VOC emissions in order to create a safer environment.

    Regional Insights

    Based on regions, the North American floor adhesives market is further segmented as the USA, Canada, and Mexico. The USA is likely to maintain its leading position in the region during the forecast period, whereas Mexico is expected to witness the highest growth in the foreseeable future.

    Key Players

    The supply chain of this market comprises of raw material suppliers, floor adhesive manufacturers, dealers & distributors, and flooring installers. Some of the major floor adhesive suppliers in North America include Arkema Inc. (including Bostik), Ardex GmbH, Bona AB, H.B. Fuller Company, Mapei Corporation, Roberts Consolidated, and W.F. Taylor Co., Inc., and Sika AG.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Floor adhesives are substances that are used for flooring purposes. These substances are strong and act permanent glue for the floor. There can be different adhesives available for different flooring, although there are a few of them that can be used as multipurpose adhesives to different flooring options.

    Flor adhesives can be selected for different flooring based on a number of factors such as material below the flooring, the location where the flooring is to be done, toxicity, consistency, and many others.

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 1,138.6 million

    Forecast

    4.1% CAGR during 2019-2024

    Regions Covered

    North America

    Countries Covered

    US, Canada, Mexico

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    North America Floor Adhesives Market Size, Share & Forecast by Material Type:

    • Epoxy Adhesives
    • Acrylic Adhesives
    • Polyurethane Adhesives
    • Vinyl Adhesives
    • Others

    North America Floor Adhesives Market Size, Share & Forecast by Application Type:

    • Tile & Stone
    • Carpet
    • Wood
    • Laminate
    • Vinyl Flooring
    • Others

    North America Floor Adhesives Market Size, Share & Forecast by Technology Type:

    • Water-based Adhesives
    • Solvent-based Adhesives
    • Other Adhesives

    North America Floor Adhesives Market Size, Share & Forecast by End-User Type:

    • Residential Construction
    • Commercial Construction
    • Industrial Applications

    North America Floor Adhesives Market Size, Share & Forecast by Region:

    • The USA
    • Canada
    • Mexico

    Report Features

    This report, from Stratview Research, studies the North American floor adhesives market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    A bird's eye view of the North America Floor Adhesives Market

    What will be the size of the north America floor adhesives market in the foreseeable years?

    Driven by a number of factors like an increasing consumption of adhesives, the north America floor adhesive market size is projected to reach an estimated value of US$ 1,138.6 million in 2024.

    Which country is expected to witness the highest growth in the North America Floor Adhesive Market?

    In terms of country, Mexico is expected to witness the highest growth in the foreseeable future.

    Which type of application is dominant?

    Wood flooring is likely to be the dominant application type in the regional floor adhesives market during the forecast period.

    Who are the key players in the north America floor adhesive market?

    Arkema Inc. (including Bostik), Ardex GmbH, Bona AB, H.B. Fuller Company, Mapei Corporation, Roberts Consolidated, and W.F. Taylor Co., Inc., and Sika AG. are among the key players in the north America floor adhesive market.

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