North American Floor Adhesives Market is Forecasted to Reach USD 1.44 Billion in 2027, Says Stratview Research

The global North American Floor Adhesives Market is projected to witness a growth rate of 4.3% annually from 2022 to 2027, with an anticipated size of USD 1.44 billion in 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global North American 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: https://www.stratviewresearch.com/Request-Sample/310/North-American-Floor-Adhesives-Market.html#form

Report Highlights: `
Market Size in 2027: USD 1.44 billion
Growth (CAGR): 4.3% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the North American Floor Adhesives Market:
The global North American Floor Adhesives Market is segmented by material type, application type, technology type, end-user type, and Region

Based on material type: The market is segmented as Epoxy, Polyurethane, Acrylic, Vinyl, and Others. Polyurethane adhesives currently dominate the North American floor adhesives market, driven by their higher usage in wood flooring applications. Acrylic adhesives are likely to witness the highest growth during the same period, owing to their increased usage in LVT flooring and carpet applications.

Based on the application type: The market is segmented into Tiles & Stone, Wood, Carpet, Laminate, Vinyl Flooring, and Others. Wood flooring is likely to be the dominant application type in the regional floor adhesives market during the forecast period. There is increasing usage of adhesives instead of mechanical fastening systems in wood flooring applications. Wood flooring requires more adhesive content per square foot, which further elevates the demand for adhesives in the segment. Vinyl flooring application is expected to witness the highest growth during the forecast period, driven by increasing demand for luxury vinyl tiles (LVT) in North America.

Based on the technology type: The market is segmented as Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives. Water-based technology currently dominates the North American floor adhesives market. The technology type is also likely to grow at the highest rate during the forecast period, driven by stringent regulations regarding reducing VOC emissions in order to create a safer environment.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/310/North-American-Floor-Adhesives-Market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that The USA is likely to maintain its leading position in the region's market over the next five years. This growth outlook is majorly attributed to the following-
• The country is also expected to witness the highest growth over the same period.
• The USA is also among the leading market for floor adhesives globally and will remain the major market in the coming years.

North American Floor Adhesives Market Drivers:
The growth of the North American Floor Adhesives Market is driven by several factors.
• Growing North American construction industry.
• Increasing consumption of adhesives in North America.
• Increasing usage of water-based adhesives in order to reduce VOC emissions.
• Replacement of mechanical fastening systems with adhesives.
• The ability of adhesives to bond dissimilar materials.

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

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the North American 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:
• Floor Adhesives Market: https://www.stratviewresearch.com/333/Floor-Adhesives-Market.html
• Epoxy Adhesives Market: https://www.stratviewresearch.com/964/epoxy-adhesives-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.