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Floor Adhesive Market Growth by Key Players: Bostik, BASF, The Dow Chemical Company, 3M Company, Sika, Du Pont, Huntsman, Pidilite and Henkel AG
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Floor Adhesive Market size is likely to grow at a moderate CAGR over the forecast period. Floor adhesives are one of the most important elements used across industrial, residential and commercial applications Product finds widespread applications in the aforementioned industries owing to its superior adhesion properties and cost effectiveness which makes it preferable in the current growing market. Welding, mechanical fastening etc. will make noteworthy contribution to floor adhesives market size during the forecast period.
The rapid fluctuations in the oil prices and concerns relating to the adverse impact from solvent based floor adhesives are the factors which are likely to restraint the floor adhesives market size over the near future. Product helps in reducing setting up and production cost across construction, electronics and automotive industry which makes it preferable across industries and help make positive impact on floor adhesive market size in the coming years. Furthermore, in recent times the use of nuts and bolts is getting obsolete and construction with use of adhesives with superior adhesion properties are being used especially in flooring and roofing activities.
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Based on the end-user, the floor adhesive market is segmented into residential, commercial and industrial. Floor adhesives are available for almost every type of floorings, it is mostly used in residential and commercial purposes. Designer vinyl floorings are currently being used the most in houses which requires floor adhesives for its applications Growing awareness about environment and ability to cut cost is pushing floor adhesive market drastically.
Some of the leading floor adhesive market players are Bostik, BASF, The Dow Chemical Company, 3M Company, Sika, Du Pont, Huntsman, Pidilite and Henkel AG. In November 2017, Bostik wholly acquired XL Brands, it is a floor adhesive leader in North America to expand its market globally.
Market share calculation in this report is not done based on companies covered in it. The calculation of Ethyleneamines market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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