Floor Adhesive Market Analysis
Flooring adhesive refers to any sort of strong, long-lasting glue used to adhere flooring components to a subfloor or underlayment. Floor adhesive is a sticky substance used to secure the surface covering material to the subfloor or underlayment. It has the unique feature of wetting the material, enhancing the strength after application and transmitting weight between two bases. Polymeric adhesives and derivatives, polyurethane adhesives, dispersion adhesives, alcohol adhesives, and other forms of floor adhesives are available. The floor adhesives are classified according to their intended use, which might be residential, commercial, or industrial. It is used in a variety of sectors, including tile, stone, carpet, wood, laminate, and so on.
Covid-19 Impact Analysis
The Coronavirus (COVID-19) pandemic has touched every aspect of life on a worldwide scale. The emergence of the COVID-19 pandemic has affected the flooring adhesives products in the first half of 2020. With the imposition of lockdown and closure of non-essential business activities, numerous countries witnessed halting of construction activities. This has affected the growth of the building and construction sector, thereby decreasing the demand for flooring adhesive products in 2020.
Top Impacting Factors
The worldwide floor adhesives market is expanding rapidly as a result of reasons such as increased demand from construction due to its versatility, safety, and simplicity of application. Furthermore, rising demand for polyurethane adhesive for hardwood flooring is expected to fuel demand for floor adhesive in the approaching years. The global floor adhesive market is expected to grow at a rapid pace. In 2021, the market was growing at a steady rate, and with the rising acceptance of processes by key players, the market is expected to rise over the anticipated skyline. Growing awareness of environmentally friendly goods is moving emphasis away from solvent-based adhesives and toward water-based adhesives, which will benefit the water-based floor adhesives market size throughout the projected period.
Market Trends
- The epoxy category led the floor adhesives market and is predicted to rise throughout the projected period due to rising commercial demand globally.
- Growing applications in panel setting, floor setting, and insulation, as well as their excellent properties, rising living standards with rising disposable income of people, and rising demand from various industries and sectors such as industrial, commercial, and residential are some of the factors expected to boost the market's growth during the forecast period.
- Acrylic compounds are utilized in flooring applications to increase the longevity of the floors and to allow for a longer drying time. Acrylic-based goods have several advantages, including resistance to oxidation, UV radiation, and chemicals as well as the ability to work at a variety of temperatures.
- This market's supply chain includes raw material suppliers, floor adhesive producers, dealers, distributors, and flooring installers.
- Ardex GmbH, Arkema Inc. (including Bostik), Bona AB, H.B. Fuller Company, Henkel AG & Co. KGaA, Mapei Corporation, Pidilite Industries Limited, Roberts Consolidated, Sika AG, and W.F. Taylor Co., Inc. are some of the largest floor adhesive providers.
- Innovative product development, geographical growth, and the creation of a broad distribution network to reach untapped areas are some of the key techniques used by businesses to swiftly increase market share and establish a competitive advantage.
- Growing disposable income and rising living standards in Asia-Pacific have boosted product demand in the infrastructure industry due to its many uses in interior décor, which will increase floor adhesives market size.
- Adhesives of numerous varieties are used to bond various types of flooring to substrates. The adhesives used are mostly determined by the kind of flooring and the installation of the flooring. Furthermore, the demand for a certain flooring style varies by location due to cultural variances, climate variables, and regional regulatory needs.
- In the near future, Asia-Pacific is likely to remain the largest and fastest-growing floor adhesives market in the world. Despite slowing economic development, China is likely to continue to be a development hub for the region's market over the next five years.
- India is set to become the region's new growth engine, thanks to increased government investment in infrastructure development and significant building activity across the country.
- Over the forecast period, the market for wood adhesives is likely to be driven by rising building activity in countries such as China, Japan, the UK, the U.S., Russia, and India.
Key Benefits of the Report
This study presents the analytical depiction of the floor adhesive industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the floor adhesive market share.
- The current market is quantitatively analyzed to highlight the floor adhesive market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed floor adhesive market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Floor Adhesive Market Report
- Who are the leading market players active in the floor adhesive market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “floor adhesive “?
- What does "floor adhesive market" allow organizations to achieve?
- Which technologies combine to make “floor adhesive “a critical organizational asset?
- What are the current trends and predicted floor adhesive trends?
Key Market Segments
- By Type
- Urethane
- Epoxy
- Acrylic
- Vinly
- Others
- By Technology
- Water-based
- Solvent-based
- Hot-melt
- Others
- By End-Use Industry
- Tile and Stone
- Carpet
- Wood
- Laminate
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
Key Market Players
- H.B. Fuller
- DAP
- Bostik
- Bona
- Tarkett
- Rohm and Haas
- 3M
- Pidilite Industries
- MAPEI
- Sika