Press release
Floor Adhesive Market to record unprecedented growth through 2026 | Bostik, BASF, Dow, 3M, Sika, Du Pont, Huntsman, Pidilite, Henkel AG
Floor Adhesive Market
o Floor adhesive market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
o Major floor adhesive industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on the major companies
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Floor adhesives include a range of solutions to install flooring materials to the subfloor or underlayment. Different kinds of flooring adhesives are used for different flooring applications. However, certain multi-purpose solutions can be effectively used with multiple materials. These adhesives are widely used in residential, commercial, and industrial flooring applications.
With increased disposable per capita income levels in recent years, homeowners are willing to spend on attractive flooring options. A strong demand for decorative and aesthetically pleasing flooring will fuel floor adhesive market size. The industry is segmented into acrylic, epoxy, vinyl, urethane, and other products, which includes polyurethane and polyvinyl acetate, on the basis of type.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Bostik
2. BASF
3. Dow
4. 3M
5. Sika
6. Du Pont
7. Huntsman
8. Pidilite
9. Henkel
Floor adhesives are prominently used in tiles and stones, wood, carpet, laminates, and other applications, including linoleum and cork. The product is slated to witness robust demand in wood applications in the upcoming years. The popularity of wooden flooring in residential applications has rapidly gained momentum over the past several years. Hardwood floors can last for several decades, unlike carpet and vinyl floors that generally last only up to 10 years. Growing attraction of homeowners towards wood flooring to enhance the aesthetic appeal of their home and minimize repair and maintenance costs will boost the product demand.
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North America floor adhesive industry is estimated to witness substantial gains in the upcoming years. Due to robust economic growth and household incomes, consumers are likely to spend substantially on flooring options. In addition, an aging baby boomer population has resulted in a rapid upsurge in the demand for new single-family as well as multi-family establishments. The region has also witnessed a steady rise in renovation and refurbishment as homeowners tend to spend on repair and maintenance before moving into a new house or giving up a house for sale.
However, the ongoing novel COVID-19 pandemic has considerably slowed down construction projects across the region. The pandemic has also negatively impacted the demand for renovation services, which may hamper the regional growth. Similar trends may be observed in the near future due to the sustained nature of the pandemic, which will impact the overall demand and production of flooring solutions.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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