Global Floor Adhesive Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Floor Adhesive Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global floor adhesive market report has been segmented on the basis of type, technology, application, end-user, and region.
Floor Adhesive Market: Overview and Dynamics
Flooring adhesive is a type of strong and permanent glue for adhering flooring materials that is used to install subfloor or underlayment.
Rising demand for floorings such as wood, laminate, ceramic, and vinyl in new construction and repair applications is expected to drive growth of the global floor adhesives market over the forecast period. In addition, increasing construction activities in developing countries and wide applicability of adhesives in construction sector for roofing and wall coverings is another factor anticipated to bolster growth of the target market.
Increasing R&D activities by major players and development of non-hazardous and eco-friendly products, are expected to create new opportunities for growth of the global floor adhesive market over the forecast period.
However, fluctuating raw material prices and stringent environmental rules and regulations are some of the factors may hamper demand for floor adhesives and restrain growth of the target market to a certain extent.
Some organizations such as United States Environmental Protection Agency (EPA), U.S. Department of Agriculture (USDA), and National Sanitation Foundation (NSF) have set stringent regulations on the usage of vinyl as a floor adhesive.
Floor Adhesive Market: Segment Analysis
Global floor adhesive market is segmented on the basis of type, technology, application, end-user, and geography.
On the basis of type, the global market is segmented into epoxy, urethane, acrylic, vinyl, and others. Epoxy segment is expected to register a significant growth rate in the target market during the forecast period. The epoxy adhesives offer superior bonding strength with numerous types of substrate, enhanced strength and durability with low shrinkage, heat & weather resistance, etc.
By technology, the global market is classified into water-based adhesive, solvent-based adhesive, hot-melt adhesive and others. The water-based floor adhesives segment accounts for major market share in terms of revenue and is expected to maintain its dominance over the forecast period.
On the basis of application, the target market segregated into tile & stone, wood, carpet, laminate, and others. Tile & stone application segment plays an important role in growth of the target market owing to increasing infrastructural development in emerging countries across the globe.
On the basis of end-user, the global market is segmented into residential, commercial, and industrial.
Global Floor Adhesive Market: Regional Analysis
The Asia Pacific floor adhesive market is accounted for significant share in terms of revenue, and is projected to maintain its dominance during the forecast period. Emerging economies such as India and China are projected to offer significant growth opportunities owing to ongoing infrastructural improvement and heavy investments in construction activities. Moreover, growing urbanization and population in various countries in the Asia Pacific have triggered demand for residential and commercial floor adhesives.
Market in Middle East & Africa and Latin America are expected to witness considerable growth rate owing to increasing demand for bio based floor adhesives in countries in the region.
Floor Adhesive Market Segmentation:
Segmentation by Type:
- Others (Polyvinyl Acetate and Polyurethane)
Segmentation by Technology:
- Water-Based Adhesive
- Solvent-Based Adhesive
- Hot-Melt Adhesive
- Others (Pressure Sensitive Adhesives and Structural Adhesives)
Segmentation by Application:
- Tile & Stone
- Others (Linoleum and Cork)
Segmentation by End-user:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Mapei S.P.A
- Bostik SA
- Sika AG
- Henkel AG & Co. KGaA
- The DOW Chemical Company
- B Fuller Company
- Wacker Chemie AG
- Holding AG
- Pidilite Industries Limited
- Laticrete International, Inc.
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