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    Floor Adhesives Market Analysis | 2021-2026

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

    Market Insights

    The Global Floor Adhesives Market is likely to grow at a significant CAGR of 5% during 2021-2026 to reach US$ 7.2 Billion by 2026.

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    What are Floor Adhesives?

    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.

    Market Dynamics

    Several factors driving the growth of the Floor Adhesives Market are-

    • Growth in infrastructure developments and construction spending.

    • Rising preference for adhesives over mechanical fasteners.

    • Growing demand for water-based adhesives.

    • Aimed at reducing volatile organic compound (VOC) emissions.

    COVID-19 Impact

    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 shortly.

    Segments Analysis

    By 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.

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    By Application Type

    The market is segmented into 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 in polyurethane adhesives.

    By 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.

    By 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.

    Regional Analysis

    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/spending.

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    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
    • Arkema Inc. (Bostik)
    • Ardex GmbH
    • 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

    Report Features

    This report provides market intelligence most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Floor Adhesives Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    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. The report segments and analyzes the market in the most detailed manner 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 1,000 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 10 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.

    Customization Option

    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 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 sales@stratviewresearch.com.

    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.

    The Floor Adhesives Market is likely to reach US$ 7.2 billion by 2026.

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

    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.