Press release
Global Floor Adhesives Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Floor Adhesives" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Flooring adhesive involves a variety of solutions used to install a floor surface covering material to the subfloor or underlayment. Different types of adhesives are recommended for various types of flooring, which include sports flooring, residential flooring, and non-residential flooring. Rising demand for floorings such as wood, laminate, ceramic, and vinyl in new construction and repair applications is driving the floor adhesives market
Increasing stringent regulations by environmental bodies and federal agencies have prompted industries’ R&D initiatives to develop bio-based adhesives, according to consumer preferences. Bio-based products reduce carbon footprints, thus presenting a major competitive advantage over their synthetic alternatives.
Increasing demand for floor adhesives, from residential, commercial, and industrial sectors, is driving the market. Additionally, rising demand for floor adhesives from the health care, food, automotive, and other industries for insulation, facades, panel lamenting, flooring, lamination, and coating purposes is anticipated to propel the floor adhesives market in the near future.
Based on technology, the global floor adhesives market has been classified into water-based, solvent-based, wood-based, and reactive. In terms of demand, the water-based technology segment dominated the market in 2016. This can be ascribed to rising demand for eco-friendly and zero VOC emission floor adhesives. It was followed by wood-based segment due to its quick curing, solvent-less system, and user-friendly properties. Based on product type, the floor adhesive market has been segmented into epoxy, polyurethane, acrylic, vinyl, and others. Acrylic was the leading product segment, followed by polyurethane. In terms of application, the floor adhesive market is segmented into tile and stone, carpet, wood, laminate, and others.
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The floor adhesive market in Asia-Pacific is anticipated to witness the highest growth rate during the forecast period due to the increase in investments in infrastructural development. Fast growing economies such as China, South Korea, India, and other countries in South-east Asia are attracting several global market players to Asia Pacific. These manufacturers are competing to reach an extensive customer base in countries such as China and India to cater to the increasing demand for adhesives in residential and industrial sectors. Increasing investments in infrastructural development in the region are expected to fuel the floor adhesive market in Asia-Pacific.
After Asia Pacific, North America and Europe accounted for the largest share of the global floor adhesive market. Furthermore, according to the Adhesives and Sealant Industries (ASI), countries such as the U.K., Turkey, and Germany held a large share of the floor adhesive market in Europe in 2016. The U.S. constituted accounted for a major share of the market in North America. The Middle East is expected to exhibit considerable growth rate for bio-based floor adhesives, due to the rising demand for reducing carbon footprints.
Key players operating in the global floor adhesive market include 3M (the U.S.), Henkel AG & Co. KGaA (Germany), Illinois Tool Works Inc. (the U.S.), Bostik SA (France), Forbo Holding AG (Switzerland), TecDura Surface Protection Systems (London), and Pidilite Industries Limited (India, MEA),
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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