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    Floor Adhesives Market Report

    Floor Adhesives Market Report
    Report code - SRCE110 Published On : Sep,2021 No. of Pages: 91
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    Floor Adhesives Market Size, Share, Trend, Forecast, & Competitive Analysis: 2021-2026 See more...

    Impact of COVID-19 on Floor Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Floor Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Flooring adhesive is a type of strong, permanent glue for adhering flooring materials to a subfloor or underlayment. Different types of adhesives are recommended for different types of flooring, although some multi-purpose solutions can be used effectively with multiple materials as per the requirements of the area where the flooring needs to be completed. The floor adhesives market has been affected badly in 2020 due to the pandemic. As a result, the market recorded a massive decline of -8.2% in 2020. 

    Based on primary results coupled with the study of the recovery trajectories of previous downturns, it is forecasted that the market will hit back its pre-pandemic levels by 2022 only, creating healthy growth opportunities for market participants in the near future. In the long run, the global floor adhesives market may record a promising CAGR of 5% to reach US$ 7.2 Billion in 2026. Several factors may help the industry stakeholders to heal up the losses endured due to the pandemic. Some of which are an expected recovery in the economy, increasing infrastructure developments and construction spendings, increasing penetration of adhesives over mechanical fasteners, and increasing demand for water-based adhesives in order to reduce VOC emissions.

    Segments' Analysis

    Based on the material type, the floor adhesives market is segmented as epoxy adhesives, polyurethane adhesives, acrylic adhesives, vinyl adhesives, and other adhesives. Acrylic adhesive is expected to remain the largest material type in the market during the forecast period, owing to its faster-curing capability and price sensitivity. Acrylic adhesives are highly preferred in luxury vinyl tile flooring, carpet, and carpet tile flooring applications.

    On the other hand, polyurethane adhesive is expected to remain the fastest-growing material type in the market during the forecast period due to its high preference for wood flooring applications. Its excellent properties, such as long-lasting surface finish, superior chemical, solvent, and scratch resistance, fast-drying, and resistance to UV light damage, water-and-tear, and extreme temperature variations are likely to drive the material’s market.

    Based on the application type, the market is segmented as tiles & stone, carpet, wood, laminate, resilient flooring, and others. Resilient Flooring is expected to remain the most dominant segment of the market during the forecast period. Resilient flooring includes Luxury Vinyl Tiles (LVT) and Vinyl Composite Tiles (VCT) wherein LVT is the growth engine of the segment. LVT is gaining popularity, being a versatile and durable flooring option with endless designs using advanced photo technology. Wood flooring is the next biggest application type in the market due to its high significance of polyurethane adhesives.

    Based on the technology type, the market is segmented as water-based adhesives, solvent-based adhesives, and other adhesives. Water-based adhesive is expected to remain the most preferred technology type in the market during the forecast period. Water-based technology has been a popular replacement for solvent-based adhesives, driven by a host of factors, such as environmental safety, zero VOCs, and low odor. Increasing concern over reducing VOC emissions and stringent regulations regarding solvent usage have been pushing the demand for water-based adhesives in the market.

    Based on the end-user type, the market is segmented as residential, commercial, and industrial. Commercial flooring is expected to remain the dominant as well as the fastest-growing end-user type in the market during the forecast period. The demand for floor adhesives for commercial flooring applications largely comes from corporate buildings, hospitals, shopping malls, restaurants, and hotels. Increasing government spending on infrastructure development for the non-residential sector is fueling the segment’s growth.

    In terms of regions, Asia-Pacific is expected to remain the largest market for floor adhesives during the forecast period. This region has a presence of a large number of flooring and construction contractors coupled with growing demand from the commercial and residential sectors. Despite lower adhesive per capita consumption compared to North America and Europe, Asia-Pacific holds the lead due to enormous infrastructure projects and gigantic construction industry economy/spendings.

    Key Players

    The following are the key players in the floor adhesives market. Most of the major players are providing adhesives for all the major applications.

    • 3M
    • Ardex GmbH
    • Arkema Inc. (Bostik)
    • BASF SE
    • Bona AB
    • H. B. Fuller
    • Henkel AG & Co. KGaA
    • Huntsman Corporation
    • MAPEI Corporation
    • Pidilite Industries Limited
    • Roberts Consolidated Industries Inc.
    • Sika AG
    • The DOW Chemical Company
    • W. F. Taylor Co. Inc.
    • Uzin Utz AG

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Floor Adhesives Market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter 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, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The floor adhesives market is segmented into the following categories. 

    Floor Adhesives Market, by Material Type

    • Epoxy Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyurethane Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acrylic Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vinyl Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Floor Adhesives Market, by Application Type

    • Tiles & Stone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carpet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Laminate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Resilient Flooring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Floor Adhesives Market, by Technology Type

    • Water-Based Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Solvent-Based Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Floor Adhesives Market, by End-User Type

    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Floor Adhesives Market, by Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    Frequently Asked Questions (FAQs)

    The floor adhesives market is estimated to grow at a CAGR of 5.0% by 2026.

    3M, Ardex GmbH, Arkema Inc. (Bostik), BASF SE, Bona AB, The DOW Chemical Company, H. B. Fuller, Henkel AG & Co. KGaA, Huntsman Corporation, MAPEI Corporation, Pidilite Industries Limited, Roberts Consolidated Industries Inc., Sika AG, W. F. Taylor Co. Inc., Uzin Utz AG are the leading players in the floor adhesives market.

    Asia-Pacific is estimated to remain dominant in the floor adhesives market in the foreseen future.

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