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North American Floor Adhesives Market Report
North American Floor Adhesives Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024
The North American Floor Adhesives Market is Segmented by Material Type (Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives), by Application Type (Tile & Stone, Carpet, Wood, Laminates, Vinyl Flooring, and Others), by Technology Type...
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.
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.
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.
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.
