Flooring Adhesive Market Expansion Outlook: $12.07 Billion in 2029

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What Is the Projected CAGR for the Flooring Adhesive Market from 2024 to 2025?
In recent times, the market size for flooring adhesives has seen significant growth. It is expected to increase from $8.54 billion in 2024 to $9.13 billion in 2025 boasting a compound annual growth rate (CAGR) of 7.0%. The historical growth in this market can be credited to factors such as the expansion of the construction sector, increased renovation and remodeling activities, considerations for health and wellness, environmental regulation adherence, and economic stability.

What are the Expected Market Size and CAGR for Flooring Adhesive by 2029?
Anticipations are high for substantial expansion in the upcoming years for the flooring adhesive market. It's projected to escalate to a value of $12.07 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this potential growth during the forecast period encompass adoption of green building norms, burgeoning e-commerce sector, infrastructural progress, evolving consumer tastes, as well as utilization of green and sustainable glues. Trends predicted to dominate the forecast period include technological innovation, digitized and online sales, intelligent flooring glues, bespoke adhesives, and practices endorsing recycling and a circular economy.

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Which Factors Are Driving the Global Flooring Adhesive Market Expansion?
The surge in infrastructure progression in developing countries has had a notable impact on the expansion of the flooring adhesives market. As the global population continues to rise, the demand for housing follows suit thereby leading to a greater demand for flooring adhesives in various applications such as fixing floors, roofs, and panels. By integrating flooring adhesive into cement, you can achieve superior bonding. Governments of developing nations like Brazil and India are making significant investments in residential construction to deliver affordable housing to everyone. As per World Bank, an estimated growth of 250 million is anticipated in South Asia's urban population by 2030. A study from PwC suggests that by 2030, urban dwellers would comprise about 60% of the global population. This swift urbanization would reportedly stimulate the need for infrastructure, thereby accelerating the flooring adhesives market.

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Which Segment Currently Holds the Largest Share of 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

Which Major Trends Are Shaping the Future of the Flooring Adhesive Industry?
Companies involved in the production of flooring adhesives are progressively embracing environmentally friendly and sustainable practices to mitigate the chemical manufacturing sector's detrimental effect on the environment. This includes efforts to decrease emissions of volatile organic compounds (VOCs), which are notably released by building materials when subjected to high moisture levels or intense heat. Technological and scientific advancements in the chemical field have enabled these adhesive producers to craft their products using naturally-derived materials such as lignin, proteins, starch, and resins. These components confer a significantly reduced carbon footprint on the end products. Furthermore, the adhesives being produced are biodegradable, set to be decomposed by bacteria and microorganisms. This degradation process results in the emission of carbon dioxide, water and other naturally occurring gases influenced by the surrounding environment. There's an emphasized focus on green construction amongst these companies, a concept premised on the use of sustainable building materials and construction methods to establish buildings that are energy-efficient and exert minimal environmental strain. For instance, BASF, a renowned chemical multinational corporation, has engineered new flooring adhesive binders under their ACRONAL range, designed to exhibit remarkable performance whilst also being gentle on the environment.

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Which Key Players Dominate the Flooring Adhesive Industry Globally?
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

What Are the Fastest-Growing Regions in the Flooring Adhesive Market?
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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