Global Floor Adhesive Market Size By Resin Type (Acrylic, Polyurethane, Polyvinyl Acetate), By End-User (Residential, Commercial, Industrial), By Geographic Scope And Forecast

Floor Adhesive Market Size And Forecast

Floor Adhesive Market size had a valuation of USD 4.62 Billion in 2022. We expect that the Market will reach a valuation of USD 21.97 Billion by 2030, with an exceptional CAGR of 6.93% during the forecast period of 2024-2030.

The Global Floor Adhesive Market is benefiting from the rapidly expanding construction sector in developing countries like China and India. The rising demand for luxury construction is also offering attractive opportunities to the key players in the Market. The Global Floor Adhesive Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the Market.

Global Floor Adhesive Market Definition

Floor adhesives are used in construction for gluing flooring material during construction. Thus, flooring adhesives are extremely strong when it comes to sticking to different surfaces together. Generally, it is advised to use different types of adhesives for different types of materials.

However, acrylic-based floor adhesives are in huge demand. Acrylic adhesives settle significantly more quickly than other adhesive types and offer much better adhesion. Other than acrylic adhesives, there are other types of floor adhesives as polyurethane and polyvinyl acetate.

The life span of typical floor adhesives is 6 to 12 months, which varies as per the type of adhesives. Flooring mats are largely used in commercial buildings, which often require maintenance due to large-scale construction. Thus, in such cases, using floor materials other than tiles can save a significant amount of money. Thus, the commercial sector has shown a great demand for floor adhesives

Global Floor Adhesive Market Overview

The Global Market for floor adhesives is expanding due to the growing Global population, increasing disposable income, rising demand for luxury construction, and increasing investment in commercial infrastructure development. The Global population is increasing exponentially, especially in the Asian continent.

With the booming population, the demand for construction and infrastructure has increased accordingly. Various Market areas are investing heavily in infrastructure development to increase the quality of life in respective regions. Developing countries are the Market leaders in the Global Floor Adhesive Market due to their rising focus on the construction and building sectors.

The Asia Pacific region is reporting a massive surge in demand for homes and industrial buildings as the local population is earning more with industrialization. However, adhesives can have serious health implications in vapor forms. The growing emissions involving volatile organic compounds have attracted the attention of governments, which may introduce stringent regulations to control the emissions, thus negatively affecting the Market growth.

Global Floor Adhesive Market Segmentation Analysis

The Global Floor Adhesive Market has distinct segments based on Resin Type, End-User, and Geography.

Floor Adhesive Market, By Resin Type

• Acrylic
• Polyurethane
• Polyvinyl Acetate

Based on the Resin Type, the Global Market for floor adhesives is segmented into acrylic, polyurethane, and polyvinyl acetate. The acrylic segment held significant control over the Global Floor Adhesive Market, with the highest Market share. Acrylic settles much more quickly than other resins and has greater adhesive properties. Acrylic resin is a primary ingredient in the manufacturing of many heat-resistant adhesives. Thus, the demand for acrylic in the adhesives industry is already immense and is only expected to increase more during the forecast period.

Floor Adhesive Market, By End-User

• Residential
• Commercial
• Industrial

Based on the End-User, the Global Market for floor adhesives is segmented into residential, commercial, and industrial. The commercial segment expressed greater control over the Global Floor Adhesive Market. This is due to the growing interest and investment in commercial infrastructure from the private and public industries. Developing countries are demonstrating rapid industrial growth due to foreign investment and cheaper labor. Thus, the requirement for appropriate infrastructure is driving the growth of the commercial segment.

Floor Adhesive Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on the Regional Analysis, the Global Market for floor adhesives is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia Pacific region expressed its dominance over the Global Floor Adhesive Market with the massive surge in the construction sector. Due to the greater population of the Asian continent, labor in Asian countries is significantly cheaper. It automatically brings the operational cost for construction companies significantly low. Furthermore, the region is also showcasing a staggering growth in infrastructure development to attract foreign investments. Thus, the North American region is the second largest Market on a Global scale.

Key Players

The “Global Floor Adhesive Market” study report will provide valuable insight with an emphasis on the Global Market. The major players in the Market are Bostik, Dow, Forbo Holdings AG, H.B. Fuller Company, Henkel AG & Co KGaA, LATICRETE International Inc, MAPEI SpA, Parker Hannifin Corp, Pidilite Industries, and Sika AG.

Our Market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, Market share, and Market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2020, Bostik partnered with Gerflor Middle East to set up its own flooring plant in Saudi Arabia to explore the rapidly expanding Market of the Middle East.
• In May 2023, Pidilite Industries bought the business of Basic Adhesives, a New Jersey-based corporation that specializes in adhesives. The acquisition is expected to offer significant leverage to Pidilite Industries in the US Market.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of Market attractiveness provided would further help to get information about the region that is majorly leading in the Global Floor Adhesive Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Floor Adhesive Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the Market based on segmentation involving both economic as well as non-economic factors• Provision of Market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the Market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the Market within each region• Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major Market players• The current as well as the future Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the Market from various perspectives through Porter’s five forces analysis• Provides insight into the Market through Value Chain• Market dynamics scenario, along with growth opportunities of the Market in the years to come• 6-month post-sales analyst support

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