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

Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the North American Floor Adhesives Market report. The report offers insight into the current market trend and the future estimations.
The report on North American Floor Adhesives Market, published on April,2018 by Stratview Research, will showcase the market trend of 2012-2017 and forecast period of 2018-2023.

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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 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.

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The report on North American Floor Adhesives Market is explained segment-wise for a better understanding of the market trend.

The market is segmented based on the vehicle type as Hatchback, SUV, and Others. Hatchback is likely to remain the most dominant segment over the next five years; however, SUV is likely to be the fastest-growing segment during the same period. Renault Clio and Megane, Peugeot 308 and 508, and BMW i3 are some key hatchback models that contain composite liftgate.

The market is segmented based on the manufacturing process type as Injection Molding and Compression Molding. Injection molding is expected to remain the most dominant process over the next five years, whereas compression molding is likely to experience a higher growth during the same period. Sheet molding compound (SMC) and long-fiber-reinforced thermoplastic (LFRT) compounds are the major types of composites being processed for fabricating composite liftgate.

Based on regions, Europe is expected to remain the largest market for composite liftgates during the forecast period. European OEMs such as Group PSA, Groupe Renault, and BMW AG have been the early movers in adopting composite liftgate, leading to the dominance of the region in the global market. However, Asia-Pacific is likely to be the fastest-growing region in the market, driven by China. Despite weakening economic growth of China, the country is still able to attract investments from automakers. All the major global automakers are rolling out their assembly plants in the country to serve the growing local demand as well as the export market. This is also casting a huge impact on the overall market dynamics of liftgates, as the country is gradually becoming the major market for composite liftgates.

Salient Features of the Report
The Stratview Report will offer you a detailed view the growth of the North American floor adhesives market and the future prospects of the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

What we offer?
The global market research company, Stratview Research has been dealing with different market research reports in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team consists of the best experts who are known to offer the best assessments and screenings so that the interested companies can afford to rely upon and take corrective decisions ahead.

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