Floor Adhesives Market is Forecasted to Reach US$ 7.2 billion in 2026, Says Stratview Research

The global Floor Adhesives Market is projected to witness a growth rate of 5% annually from 2021 to 2026, with an anticipated size of US$ 7.2 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Floor Adhesives Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2026: US$ 7.2 billion
Growth (CAGR): 5% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2014-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Floor Adhesives Market:
The global Floor Adhesives Market is segmented based on material type, application type, technology type, end-user type, and region.

Based on material size type - The floor adhesives market is segmented as epoxy adhesives, polyurethane adhesives, acrylic adhesives, vinyl adhesives, and other adhesives. Acrylic adhesive is expected to remain the largest material type in the market during the forecast period, owing to its faster-curing capability and price sensitivity. Acrylic adhesives are highly preferred in luxury vinyl tile flooring, carpet, and carpet tile flooring applications.
On the other hand, polyurethane adhesive is expected to remain the fastest-growing material type in the market during the forecast period due to its high preference for wood flooring applications. Its excellent properties, such as long-lasting surface finish, superior chemical, solvent, and scratch resistance, fast drying, and resistance to UV light damage, water-and-tear, and extreme temperature variations are likely to drive the material's market.

Based on application type - The market is segmented into tiles & stone, carpet, wood, laminate, resilient flooring, and others. Resilient Flooring is expected to remain the most dominant segment of the market during the forecast period. Resilient flooring includes Luxury Vinyl Tiles (LVT) and Vinyl Composite Tiles (VCT) wherein LVT is the growth engine of the segment. LVT is gaining popularity, being a versatile and durable flooring option with endless designs using advanced photo technology. Wood flooring is the next biggest application type in the market due to its high significance in polyurethane adhesives.

Based on technology type - The market is segmented as water-based adhesives, solvent-based adhesives, and other adhesives. Water-based adhesive is expected to remain the most preferred technology type in the market during the forecast period. Water-based technology has been a popular replacement for solvent-based adhesives, driven by a host of factors, such as environmental safety, zero VOCs, and low odor. Increasing concern over reducing VOC emissions and stringent regulations regarding solvent usage have been pushing the demand for water-based adhesives in the market.

Based on end-user type - The market is segmented as residential, commercial, and industrial. Commercial flooring is expected to remain the dominant as well as the fastest-growing end-user type in the market during the forecast period. The demand for floor adhesives for commercial flooring applications largely comes from corporate buildings, hospitals, shopping malls, restaurants, and hotels. Increasing government spending on infrastructure development for the non-residential sector is fueling the segment's growth.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for floor adhesives during the forecast period. This growth outlook is majorly attributed to the following-
• This region has a presence of a large number of flooring and construction contractors coupled with growing demand from the commercial and residential sectors.
• Despite lower adhesive per capita consumption compared to North America and Europe, Asia-Pacific holds the lead due to enormous infrastructure projects and gigantic construction industry economy/spending.

Floor Adhesives Market Drivers:
Some of the key drivers listed in the report are given below.
• Growth in infrastructure developments and construction spending.
• Rising preference for adhesives over mechanical fasteners.
• Growing demand for water-based adhesives.
• Aimed at reducing volatile organic compound (VOC) emissions.

Top 10 Companies in the Floor Adhesives Market:
Stratview Research has identified the following companies as the top market players:
• 3M
• Arkema Inc. (Bostik)
• Ardex GmbH
• BASF SE
• Bona AB
• H. B. Fuller
• Henkel AG & Co. KGaA
• Huntsman Corporation
• MAPEI Corporation
• Pidilite Industries Limited
• Roberts Consolidated Industries Inc.
• Sika AG
• The DOW Chemical Company
• W. F. Taylor Co. Inc.
• Uzin Utz AG

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Floor Adhesives Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Luxury Vinyl Tiles (LVT) Flooring Market: https://www.stratviewresearch.com/674/luxury-vinyl-tiles-flooring-market.html
• Wood Flooring Market: https://www.stratviewresearch.com/3077/wood-flooring-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.