The Future of North American Floor Adhesives Market in the forecast period (2018-2023) as predicted by Stratview Research

The report on North American Floor Adhesives Market published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2018 - 2023

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This report, from Stratview Research, studies the North American floor adhesives market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Material Type Segment

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 dominated 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.

Application Type Segment

Based on the application type, the North American floor adhesives market is segmented into Tiles & Stone, Wood, Carpet, Laminate, LVT, and Others. Wood flooring is likely to be the dominant application type in the regional floor adhesives market during the forecast period. There is increasing usage of adhesives instead of mechanical fastening systems in 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 increasing demand for luxury vinyl tiles (LVT) in North America.

Technology Type Segment

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 a safer environment.

Region Wise Segment

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.

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Highlights of the Report:

The North American floor adhesives market is projected to reach an estimated value of US$ 1,138.6 million in 2024. 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.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• 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

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