The global Flooring Adhesive market size is expected to be worth around US$ 11.7 billion by 2030, according to a new report by Vision Research Reports.
The global Flooring Adhesive market size was valued at US$ 5.6 billion in 2020 and is anticipated to grow at a CAGR of 7.8% during forecast period 2021 to 2030.
|Market Size||US$ 11.7 billion by 2030|
|Growth Rate||CAGR of 7.8% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Resin, Application, End use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Bostik; Henkel AG & Co. KGaA; Sika AG; MAPEI S.p.A; Dow|
The market is projected to be driven by a growing emphasis on luxury homes and increasing investments in the construction sector. Growing investments in the construction industry, especially in residential and commercial sectors, are projected to boost market growth over the forecast period. The shifting trend toward the renovation of existing buildings owing to increasing disposable income and inclination for aesthetic appearance is propelling the product demand. In addition, government initiatives towards economic recovery are further benefitting the growth of the construction industry and positively influencing flooring adhesives demand.
Increasing demand for luxury housing in European countries is one of the key drivers for the growth of the market. Nearly all mid-sized and large cities such as Lisbon, Porto, Paris, Berlin, Frankfurt, Milan, and Madrid are witnessing an increase in luxury real estate investment.
By Resin Analysis
The acrylic segment dominated the market for flooring adhesive and held the largest revenue share of 41.0% in 2020. The large share is attributed to the characteristics of acrylic resins, which provide fast-setting time and increased adhesion to substrates that are difficult to bond.
These are preferred for resilient and wooden floorings, which are to be installed on moisture-free porous or rugged surfaces. They offer high resistance to plasticizer migration and provide tough and permanent bonds.
Polyurethane is another vital segment of the market for flooring adhesive. Rising demand for polyurethane adhesives has led raw material suppliers to enhance their production capacity.
By Application Analysis
The resilient flooring segment held the largest revenue share of 54.0% in 2020. This flooring is a mixture of color, binders, and fillers. Binders such as asphalt and resin bind the mixture together, whereas fillers comprise limestone, groundwood, and synthetic fibers. These are produced using elastic materials such as rubber, PVC, and linoleum.
This type of flooring is useful in high traffic areas such as manufacturing units, restaurants, hospitals, sports facilities, schools, dance floors, and even in playrooms, living rooms, shower rooms, garages, and home gymnasiums.
Wooden flooring is anticipated to emerge as the fastest-growing segment over the forecast period owing to its rising significance in luxury construction in both residential and commercial areas.
By End-use Analysis
The commercial segment dominated the market for flooring adhesive and held the largest revenue share of more than 34.0% in 2020. Commercial applications are subject to high traffic areas, therefore require durable flooring such as resilient and wooden.
Increasing construction of commercial buildings, such as drugstores, grocery, and big-box stores, over the past few years, is expected to benefit the segment growth over the coming years. Moreover, robust demand for office spaces, especially in urban areas of emerging economies, is also propelling demand for high-quality flooring adhesives.
The residential segment is growing fluently as the subsidies from governments for first-time homebuyers in developing and developed economies have positively affected the growth of the residential sector.
These schemes are partially or fully funded by governments in these countries, which ultimately benefit the demand side of the construction sector. This is likely to push market growth for flooring adhesives over the coming years.
By Regional Analysis
Asia Pacific dominated the flooring adhesive market and accounted for a revenue share of over 38.0% in 2020. The increasing demand for flooring adhesives from the housing sector of countries such as China and India is projected to drive the growth of the market for flooring adhesives in the region over the coming years.
Southeast Asia is one of the emerging regions in the world with significant investment requirements to develop new infrastructures. The countries, including China and Japan, have started investing in this region to promote infrastructural developments.
In North America, the market for flooring adhesive is projected to witness steady growth across the forecast period. Government initiatives for promoting economic recovery are leading to infrastructural developments in the region.
Forbo Holdings AG
H.B. Fuller Company
Henkel AG & Co. KGaA
LATICRETE International, Inc.
PARKER HANNIFIN CORP
Central & South America
Middle East & Africa
The Flooring Adhesive market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Flooring Adhesive market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Flooring Adhesive market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flooring Adhesive market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Flooring Adhesive market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Flooring Adhesive capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Flooring Adhesive by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Flooring Adhesive market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Flooring Adhesive market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Flooring Adhesive market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Flooring Adhesive industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Flooring Adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Flooring Adhesive market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Flooring Adhesive market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Flooring Adhesive market. These factors have benefited the growth of the global market for Flooring Adhesive. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Flooring Adhesive. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Flooring Adhesive are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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