Economic Growth Fuels Infrastructural Development And The Flooring Adhesives Market: Strengthening the Growth Trajectory of the Flooring Adhesive Market

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What Is the Expected CAGR for the Flooring Adhesive Market Through 2025?
In recent times, the market size for flooring adhesive has seen substantial growth. The market is projected to expand from $8.54 billion in 2024 to $9.23 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. Factors such as the expansion of the construction industry, an increase in renovation and remodeling activities, health and wellness concerns, environmental rules, and economic stability led to this growth during the historic period.

What's the Projected Size of the Global Flooring Adhesive Market by 2029?
In the coming years, the flooring adhesive market is projected to experience substantial expansion. Its estimated growth will hit $12.43 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. The expected growth during the forecast period is largely due to factors such as adopting environmentally-friendly building methods, the rise of e-commerce, infrastructure evolution, shifts in consumer tastes, and the use of green and sustainable adhesives. Key trends for the forecast period encompass technological progression, digital and online sales, intelligent flooring adhesives, bespoke adhesives, and the adoption of recycling and circular economy practices.

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Top Growth Drivers in the Flooring Adhesive Industry: What's Accelerating the Market?
The burgeoning infrastructural progression in developing nations has significantly driven the flooring adhesives market's expansion. A surge in the world's population has resulted in a corresponding increase in housing demand, leading to a rise in the need for flooring adhesives for various uses, including floor setting, roof attachment, and panel stabilization. Flooring adhesive can be compounded with cement to enhance adhesion. Governments in rapidly evolving countries like Brazil and India are investing in residential construction projects to provide cost-effective housing for everyone. The World Bank has projected that by 2030, the urban population in South Asia will see a rise of 250 million. Furthermore, a PwC report indicates that about 60% of the global populace is expected to inhabit cities by 2030. This swift urbanization will likely stimulate infrastructure demand and propel the flooring adhesives market.

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What Trends Will Shape the Flooring Adhesive Market Through 2029 and Beyond?
Companies that produce flooring adhesives are shifting towards more sustainable and environmentally friendly manufacturing methods, aiming to curb the detrimental effects of chemical production on nature, specifically by lowering volatile organic compounds (VOC) emissions. These harmful compounds are usually emitted from building materials exposed to high levels of heat or humidity. Recent advancements in technology and chemical sciences have enabled adhesive manufacturers to develop products from natural elements including starch, resins, lignin, and proteins. These materials contribute to the creation of products with a lower carbon footprint. Furthermore, biodegradable adhesives are designed to decompose through the action of microorganisms and bacteria, generating carbon dioxide, water, and other naturally occurring gases. In line with the growing trend of green construction, which involves the use of sustainable construction materials and methods to build energy-efficient buildings with minimal environmental footprint, companies are making a conscious effort. For instance, BASF, a leading chemical company based in Germany, has introduced new binders for flooring adhesives under their ACRONAL brand that not only deliver outstanding performance but also have lower environmental impact.

What Are the Main Segments in the Flooring Adhesive Market?
The flooring adhesive market covered in this report is segmented -

1) By Type: Urethane, Epoxy, Acrylic, Vinyl, Other Types
2) By Technology: Water-Based Adhesive, Solvent-Based Adhesive, Hot-Melt Based Adhesive
3) By Application: Tile And Stone, Carpet, Wood, Laminate, Other Applications
4) By End User: Residential, Commercial, Industrial

Subsegments:
1) By Urethane: Moisture-Cured Urethane, Pre-Cured Urethane
2) By Epoxy: Two-Part Epoxy, One-Part Epoxy
3) By Acrylic: Water-Based Acrylic, Solvent-Based Acrylic
4) By Vinyl: Pressure-Sensitive Adhesives, Hot Melt Adhesives
5) By Other Types: Contact Adhesives, Polymer-Based Adhesives

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Which Top Companies are Driving Growth in the Flooring Adhesive Market?
Major companies operating in the flooring adhesive market 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., Parker-Hannifin Corp, Arkema Group, Tesa SE, 3M Company, Illinois Tool Works Inc., TecDura Surface Protection Systems, Ardex GmbH, Franklin Adhesives and Polymers, Ashland Inc., Akzo Nobel N.V., BASF SE, Bona AB, DAP Products Inc., Huntsman Corporation, ITW Performance Polymers, Jowat SE, LORD Corporation, Mactac Americas, Momentive Performance Materials Inc., Permabond LLC, Royal Adhesives & Sealants, RPM International Inc., Soudal Holding NV, Super Glue Corporation

Which Regions Will Dominate the Flooring Adhesive Market Through 2029?
Asia-Pacific was the largest region in the flooring adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flooring adhesive market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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