Floor Adhesive Market Statistical Forecast and Trade Analysis (2024-2031) | BASF SE, Sika AG, 3M, Dow.

Floor Adhesive Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Floor Adhesive market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Floor Adhesive market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Floor Adhesive Market reached US$ 9.6 Billion and is expected to reach US$ 14.8 Billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.

What is Floor Adhesive Market?

The floor adhesive market involves products designed to bond various types of flooring materials to substrates. This market serves a wide range of applications, including residential, commercial, and industrial flooring. The increasing demand for durable and sustainable flooring solutions is driving market growth, alongside advancements in adhesive technology that enhance performance, ease of application, and environmental safety.

Growth Driver

Long-Term Demand for Floor Adhesives Driven by the Building and Construction Sector

The building and construction sector is anticipated to fuel ongoing demand for floor adhesives, which are essential for various applications, including ceramic tiles, stones, carpets, flooring underlayment, and resilient flooring. According to the World Economic Forum, the construction industry represents approximately 6% of the global GDP, equating to around USD 10 trillion.

As the global population continues to grow and the demand for housing increases, the construction sector is expected to experience sustained growth over the long term. This trend presents significant opportunities for companies specializing in flooring adhesives, positioning them to benefit from the industry's expansion.

Key Players:

Profiles of some of the major players in the global Floor Adhesive market, which include BASF SE, Sika AG, 3M, Dow, Akfix, H.B. Fuller, Advanced Adhesive Technologies Inc., MAPEI S.p.A., Bostik, and Henkel Adhesives Technologies India Private Limited, among others.

Industry Development:

BASF SE has announced a single-digit million-euro investment aimed at expanding the capacity of its water-based polyurethane dispersions at its facility in Castellbisbal, Spain. This expansion is expected to increase production capacity by 30%, enhancing BASF's ability to meet growing demand in various applications for these eco-friendly dispersions. The investment reflects BASF's commitment to sustainable solutions in the chemical industry.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Floor Adhesive market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Urethane, Epoxy, Acrylic, Vinyl.

By Technology: Water-Based Adhesive, Solvent-Based Adhesive, Hot-Melt Adhesive.

By Application: Ceramic Tile and Stone, Carpet, Wood, Others.

By End-User: Residential, Commercial, Industrial.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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