Delvens published a new research publication on "Floor Adhesive market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Floor Adhesive market was mainly driven by the increasing RD spending across the world.
The global Floor Adhesive market size was estimated at USD 9.5 billion in 2023 and is projected to reach USD 13.8 billion in 2030 at a CAGR of 5.5% during the forecast period 2023-2030.
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Flooring adhesive, a type of durable and robust glue, is utilized to bind flooring components to a subfloor or underlayment. This sticky substance, also known as floor adhesive, performs the crucial task of securely fastening the surface covering material to the subfloor or underlayment.
A wide range of floor adhesives are available, including polymeric adhesives and derivatives, polyurethane adhesives, dispersion adhesives, alcohol adhesives, and others. These floor adhesives are classified based on their intended usage, which could be in the residential, commercial, or industrial sectors.
Regional Analysis
Asia Pacific to Dominate the Market
Asia-Pacific has been observed to exert a dominating influence over the market for floor adhesive. This phenomenon can be attributed to a confluence of different demographic and socio-economic factors that have contributed to the sustained and substantial growth of this sector in the region.
Steadily increasing population of the region, which has resulted in a corresponding increase in demand for high-quality and reliable floor adhesive solutions.
Competitive Landscape
- Wacker Chemie Ag
- Forbogroup
- Pidilite Industries Ltd.
- Laticrete International, Inc.
- Roberts Consolidated Industries, Inc.
- Bona Orgnr
- Ardex
- Mapei S.P.A.
- Sika Ag
- Henkel Ag Co. Kgaa
- Basf Se
- 3m
- Bostik
- B. Fuller and More
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Recent Developments
In August 2021, Arkema has recently committed to procuring Ashland's Performance Adhesives business in the United States. This strategic move is in line with Arkema's objective of achieving a status as a pure specialty material player, with a focus on sustainable, high-performance solutions.
In March 2021, Sika has successfully acquired the flooring adhesives business of DriTac, an esteemed US-based company that specializes in floor-covering adhesives. This strategic move has effectively strengthened Sika's foothold in the industry, particularly among floor covering installers and distributors.
The Floor Adhesive Market is segmented into various segments such as by Type, by Technology, by End-Use, by Application and Region:
Based on Resin Type
- Epoxy
- Polyurethane
- Acrylic
- Vinyl
Based on the Technology
- Water-Based
- Solvent-Based
- Hot-Melt
Based on the End-Use
- Residential
- Commercial
- Industrial
Based on Application
- Tile Stone Floor
- Wood Floor
- Carpet Floor
- Laminate Floor
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Frequently Asked Questions
What are the years considered to study Floor Adhesive Market intelligence report?
The Floor Adhesive Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Floor Adhesive Market?
The Floor Adhesive Market is growing at a CAGR of 5.5% during the forecast period.
Which region holds the largest market share in Floor Adhesive Market?
Asia-Pacific holds the highest share in 2022 for Floor Adhesive Market.
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