North American Floor Adhesives Market to reach US$ 1,097.9 in 2023

Stratview Research has published a new research report on North American Floor Adhesives Market. This extensive 154-page report by Stratview Research analyses the growth of North American Floor Adhesives Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• by Material Type (Epoxy Adhesives, Acrylic Adhesives, Polyurethane Adhesives, Vinyl Adhesives, Others)
• by Application Type (Tile & Stone, Carpet, Wood, Laminate, Vinyl Flooring, Others)
• by Technology Type (Water-based Adhesives, Solvent-based Adhesives, Other Adhesives)
• by End-User Type (Residential Use, Commercial Use, Industrial Use)
• by Region (The USA, Canada, Mexico)

Go through the detailed scope: https://www.stratviewresearch.com/toc/310/North-American-Floor-Adhesives-Market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/310/North-American-Floor-Adhesives-Market.html

Upward trajectory of the floor adhesives market
The North American floor adhesives market is projected to reach an estimated value of US$ 1,097.9 million in 2023. The upward trajectory of the floor adhesives market in the region is likely to continue with attractive growth opportunities in the entire ecosystem of the market in the coming years. Growing North American construction industry, an increasing consumption of adhesives in North America, increasing usage of water-based adhesives in order to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and ability of adhesives to bond dissimilar materials are the driving factors that are burgeoning the growth of floor adhesives in the North American market.
The market dynamics of floor adhesives in North America is different than that of other parts of the world. The region has an overall high penetration of adhesives in flooring applications as compared to Asia-Pacific, which is the largest flooring adhesives market. Also, the per capita consumption of floor adhesives is quite higher in North America as compared to that of Asia-Pacific.

Acrylic adhesives are likely to witness the highest growth
The North American floor adhesives market is segmented based on the material type as Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives. Polyurethane adhesives currently dominates the North American floor adhesives market, driven by its higher usage in wood flooring applications. Acrylic adhesives are likely to witness the highest growth during the same period, owing to their increased usage in LVT flooring and carpet applications.

Wood flooring is likely to be the dominant application type
Based on the application type, wood flooring is likely to be the dominant application type in the North American floor adhesives market during the forecast period. There is an increasing usage of adhesives instead of mechanical fastening systems in the wood flooring application. Wood flooring requires more adhesive content per square feet, which further elevates the demand for adhesives in the segment. Vinyl flooring application is expected to witness the highest growth during the forecast period, driven by an increasing demand for luxury vinyl tiles (LVT) in North America.

Water-based technology will be the dominant type in the market
The North American floor adhesives market is segmented based on the technology type as Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives. Water-based technology currently dominates the North American floor adhesives market. The technology type is also likely to grow at the highest rate during the forecast period, driven by stringent regulations regarding reducing VOC emissions in order to create safer environment.

USA is likely to maintain its leading position in the region
Based on regions, the North American floor adhesives market is further segmented as the USA, Canada, and Mexico. The USA is likely to maintain its leading position in the region during the forecast period, whereas Mexico is expected to witness the highest growth in the foreseeable future.

Key market players
The supply chain of this market comprises of raw material suppliers, floor adhesive manufacturers, dealers & distributors, and flooring installers. Some of the major floor adhesive suppliers in North America include Arkema Inc. (including Bostik), Ardex GmbH, Bona AB, H.B. Fuller Company, Mapei Corporation, Roberts Consolidated, and W.F. Taylor Co., Inc., and Sika AG.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• North American Floor Adhesives Market overview, industry life cycle analysis, supply chain analysis
• Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
• Competitors’ market share, product portfolio and new launches.
• Growth opportunities in each segment.
• Emerging trends which will decide the future course of development.
• Strategic growth opportunities for the existing and new players
• Key success factors.

Click Here for Other Reports from Stratview Research in the Construction & Equipment Industry:
https://www.stratviewresearch.com/market/report/Construction-Equipment.html

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.