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Surging Growth and Key Insights into Global Flooring Adhesive Market
Surging Growth and Key Insights
What Is The Projected Market Size Of The Global Flooring Adhesive Market And Its Growth Rate?
The flooring adhesive market showcases solid growth prospects, driven by various sectors such as construction and infrastructure development, amongst others.
- Market Size in 2024: $8.54 Billion
- Market Size in 2025: $9.23 Billion (8.1% CAGR)
- Expected Market Size in 2029: $12.43 Billion (7.7% CAGR)
This growth is powered by increased interest in green building practices, e-commerce growth, infrastructure development, changing consumer preferences, and green and sustainable adhesives.
What Is Driving The Growth In The Flooring Adhesive Market?
The spur in infrastructural development is a significant catalyst for the growth of the flooring adhesives market. With global population surges, housing demand has risen subsequently, raising the demand for flooring adhesives necessary for various applications such as floor fixing, roof fixing, etc. Moreover, government investments in residential construction in emerging countries like India and Brazil, coupled with urban population growth, are fuelling this market's growth. For instance, according to the World Bank, the urban population in South Asia is projected to grow by 250 million by 2030, leading to increased demand for infrastructure and boosting the flooring adhesive market.
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Who Are the Key Players Driving Flooring Adhesive Market Growth?
Key players steering market growth include:
- Mapei S.p.A.
- Sika AG
- Henkel AG & Co. KGaA
- Dow Inc.
- Wacker Chemie AG
- Bostik SA
- Forbo Holding AG
- Pidilite Industries Limited
- H.B. Fuller
- LATICRETE International Inc.
- Dupont De Nemours Inc.
What Are The Key Trends In The Flooring Adhesive Market?
Key trends shaping the market include:
- Technological advancements
- Digital and online sales
- Smart flooring adhesives
- Customized adhesives
- Recycled and circular economy practices.
What Are The Segments Of The Global Flooring Adhesive Market?
Key segments of the market include:
- By Type: Urethane, Epoxy, Acrylic, Vinyl, Other Types
- By Technology: Water-Based Adhesive, Solvent-Based Adhesive, Hot-Melt Based Adhesive
- By Application: Tile And Stone, Carpet, Wood, Laminate, Other Applications
- By End User: Residential, Commercial, Industrial
Which Region Leads The Flooring Adhesive Market?
The Asia-Pacific region reigned as the largest market for flooring adhesives in 2024 and is expected to continue its fast-paced growth. Covered regions in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Flooring Adhesive Market Global Market Report?
- Market Size Analysis: Analyze the Flooring Adhesive Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Flooring Adhesive Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Flooring Adhesive Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Flooring Adhesive Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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