North American Floor Adhesives Market is Likely to reach an estimated value of US$ 1,097.9 million in 2023

Stratview Research has launched a new research report on North American Floor Adhesives Market. Published on may,2018, this 248-page report segments the market in five ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Material Type (Epoxy Adhesives, Acrylic Adhesives, Polyurethane Adhesives, Vinyl Adhesives, Others),
 Application Type (Tile & Stone, Carpet, Wood, Laminate, Resilient Flooring, Others),
 Technology Type (Water-based Adhesives, Solvent-based Adhesives, Other Adhesives),
 By End-user Type (Residential Use, Commercial Use, Industrial Use),
 Region (The USA, Canada, and Mexico)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of North American Floor Adhesives Market.

Years considered for this report –
 base year 2018
 trend period 2012 – 2017
 forecast period 2018 - 2023

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North American floor adhesives market to reach US$ 1,097.9 million

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 dominate 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 to grow at the highest rate

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

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.

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.

Key Strategies

Development of innovative products, regional expansion, and building of vast distribution network to the unpenetrated markets are some of the major strategies adopted by the companies in order to quickly gain market share and to gain a competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Major floor adhesive companies - 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.

Report Features
This 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:
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology
This report studies the North American Floor Adhesive Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 14 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the Construction & Equipment industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Construction-Equipment.html

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