Flooring Adhesive Market worth $11.62 billion by 2030, growing at a CAGR of 5.76% - Exclusive Report by 360iResearch

The "Flooring Adhesive Market by Resin (Acrylic, Epoxy, Polyurethane), Technology (Solvent-based, Water-based), Application, End-use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Flooring Adhesive Market to grow from USD 7.84 billion in 2023 to USD 11.62 billion by 2030, at a CAGR of 5.76%.

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Flooring adhesives are specialized bonding agents applied to secure various types of flooring materials to subfloors and underlayments. These adhesives are designed to provide durable, long-lasting adherence, ensuring the stability and longevity of flooring installations. The choice of adhesive is critical and is determined by the specific flooring material, environmental conditions, and the intended use of the space. Rising global economic standards, increasing investments in infrastructure projects, and the rapid pace of urbanization and the resulting construction activities have fuelled the need for flooring adhesives. Furthermore, research institutions and private and public entities are focusing on producing adhesives using plastic waste, which has further created a beneficial market for flooring adhesives. However, the volatility of raw material prices affects the stability of adhesive costs. Regulatory pressures, especially concerning VOC emissions and environmental impact, require constant adaptation and could incur higher production costs. However, in recent years, manufacturers have focused their efforts on producing eco-friendly and low-volatile organic content(VOC) adhesive products. Exploring niche markets such as marine or automotive flooring, which may have specific adhesive requirements, and leveraging smart technologies for quality control, application precision, and performance monitoring of adhesives can further expand the market for flooring adhesives.

Resin: Emerging preference for polyurethane resins due to their robust performance characteristics

Acrylic adhesives are known for their high environmental resistance and fast setting times. These adhesives are suitable for a diverse range of flooring materials, including carpets, vinyl, and linoleum. They are preferred for their strong bond strength and ease of use in both indoor and outdoor applications. Acrylic adhesives have a moderate cost and offer a good balance between performance and affordability. Epoxy adhesives are characterized by their good bonding strength and durability. They are highly resistant to chemicals, temperature changes, and wear, making them ideal for high-traffic and industrial areas. Epoxy is often the preferred choice for installing rubber and wood flooring, especially in commercial and industrial settings. Due to their robust performance, epoxy adhesives are typically more expensive than other types. Polyurethane adhesives offer a versatile solution with their flexible bond and excellent performance on wood and concrete surfaces. They are particularly favored for hardwood and engineered wood flooring installations due to their moisture curing properties, which provide a durable bond even under fluctuating temperature and moisture conditions. Polyurethane adhesives are more expensive but offer unmatched flexibility and strength. Polyvinyl Acetate, commonly known as PVA or white glue, is renowned for its ease of use and affordability. PVA adhesives are best suited for light-duty applications and are commonly used for laminate and wood flooring installations. They are water-based and offer a safer, less toxic alternative for indoor applications. Despite their lower resilience compared to other adhesive types, PVA adhesives hold a significant market share due to their cost-effectiveness.

Application: Advancement to improve the versatility, design options, durability, and comfort of resilient flooring

Laminate flooring adhesives are primarily used for bonding layers of laminate flooring materials, which require adhesives that can withstand heavy foot traffic, are resistant to moisture, and provide a flexible yet strong bond to accommodate expansion and contraction. The preference for laminate flooring adhesives comes from their affordability, durability, and ease of maintenance. Adhesives for resilient flooring are specialized to cater to the needs of vinyl, linoleum, and rubber flooring installations. These adhesives must offer high moisture resistance, durability against abrasion, and the flexibility to support the elastic properties of resilient flooring materials. The selection of adhesives in this category is inclined towards those providing environmental benefits, such as low VOC emissions and enhanced bonding strength to support the trend of luxury vinyl tiles (LVT) and planks (LVP). Wooden flooring adhesives are designed to meet the unique demands of natural wood installations, requiring moisture control, dimensional stability, and the ability to form a strong bond without damaging the wood. Preferences for wooden flooring adhesives revolve around formulations that minimize the risk of warping, allow for natural wood expansion, and showcase the inherent beauty of the wood grain.

Regional Insights:

The Americas, particularly the U.S. and Canada, represent mature markets characterized by steady growth. The emphasis here lies on high-quality, eco-friendly, and multifunctional adhesive products. In the U.S., there is a strong demand for luxury vinyl tile (LVT) and resilient flooring, driving the need for specific adhesive types that offer quick installation and low VOC emissions. European countries prioritize technological innovation, durability, and environmental sustainability in flooring adhesives. The EU's stringent regulations on VOC emissions and the growing demand for green building materials have led to significant advancements in adhesive technology, including the development of solvent-free and water-based products. The government's push towards greener construction practices has resulted in the formulation of stricter standards and regulations for adhesive products. Recent initiatives include the development of bio-based adhesives and recycling programs aimed at reducing the environmental impact of flooring installations. The Middle East, amid luxury real estate and commercial projects, demands high-performance adhesives that can withstand extreme temperatures. The Asia Pacific region exhibits the highest growth potential in the global flooring adhesive market, led by burgeoning construction activities in China, India, and Southeast Asia. Consumer needs in this region gravitate towards affordable, durable, and easy-to-apply adhesives, reflecting the rapid urbanization and industrial development. Notably, China's dominance in manufacturing and its ambitious infrastructure projects have spurred innovative adhesive solutions. Japan advances through technological innovation, focusing on eco-friendly and energy-efficient adhesives. India's market is propelled by residential construction booms and governmental housing initiatives.

Market Segmentation & Coverage:

This research report categorizes the Flooring Adhesive Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Resin, market is studied across Acrylic, Epoxy, Polyurethane, and Polyvinyl Acetate. The Acrylic is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Solvent-based and Water-based. The Water-based is projected to witness significant market share during forecast period.

Based on Application, market is studied across Laminate Flooring, Resilient Flooring, and Wooden Flooring. The Wooden Flooring is projected to witness significant market share during forecast period.

Based on End-use, market is studied across Commercial, Industrial, and Residential. The Residential is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.74% in 2023, followed by Americas.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Flooring Adhesive Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Flooring Adhesive Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Flooring Adhesive Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ARDEX GmbH, Arkema Group, Asian Paints Ltd., AVERY DENNISON CORPORATION, BASF SE, Building Adhesives Ltd., Evonik Industries AG, Forbo Flooring, H.B. Fuller Company, Henkel Corporation, Huntsman International LLC, LATICRETE International, Inc., LyondellBasell Industries N.V., Mapei S.p.A., Mr Bond Polychem, Nippon Paint Holdings Co., Ltd., Parker Hannifin Corp., Pidilite Industries Ltd., ReynoArch Construction Chemical, Sika AG, Solvay SA, Tata Chemicals Ltd., The Dow Chemical Company, and Wacker Chemie AG.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Flooring Adhesive Market, by Resin
7. Flooring Adhesive Market, by Technology
8. Flooring Adhesive Market, by Application
9. Flooring Adhesive Market, by End-use
10. Americas Flooring Adhesive Market
11. Asia-Pacific Flooring Adhesive Market
12. Europe, Middle East & Africa Flooring Adhesive Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Flooring Adhesive Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Flooring Adhesive Market?
3. What is the competitive strategic window for opportunities in the Flooring Adhesive Market?
4. What are the technology trends and regulatory frameworks in the Flooring Adhesive Market?
5. What is the market share of the leading vendors in the Flooring Adhesive Market?
6. What modes and strategic moves are considered suitable for entering the Flooring Adhesive Market?

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