North American Floor Adhesives Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the North American Floor Adhesives Market has been launched in April,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, North American Floor Adhesives Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• 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 Construction, Commercial Construction, Industrial Applications
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/310/North-American-Floor-Adhesives-Market.html

Highlights of the Report:

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.

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.

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.

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.

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 Players of the Market
The market is consolidated in nature with five major players 3M, Ardex GmbH, Arkema Inc. (Bostik), BASF SE, Bona AB holding together the major share in the market, with 3M being the key player.
Other important firms are DowDuPont Inc., H. B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Mapei Corporation, Sika AG, Roberts Consolidated Industries Inc., W. F. Taylor Co., Inc.

Features of the Report
The Report discusses about the working of the floor adhesives, the various types, and the growth of the floor adhesives in the North American market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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

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This release was published on openPR.