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High Growth & Smooth Sailing of Floor Adhesives Market, a US$ 1,059.1 million Opportunity
This report, from Stratview Research, studies the floor adhesives market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023.
Published 26 June 2019
The Cutting-Edge Stratview Insights:
Stratview Research prognosticates the market to grow at a healthy CAGR over the next five years and expects the market to cross over of US$ 1,059.1 million mark by 2023.
The estimates are a result of market analysis over a period of 2012-17, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Floor Adhesives Market during the period 2018-23.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Floor Adhesives Market responds to all the significant inquiries.
The global flooring market is nearly 13 billion square meters in which ceramic tile is the most commonly used flooring for both residential as well as commercial sectors. Adhesives have progressively been becoming the preferred choice of materials to install most of the flooring types used today for residential, commercial, and industrial purposes. Apart from tiles & stones which are more often used with the cementitious product for adherence, all the other major flooring types such as resilient, wood, and carpet are predominantly installed using polymer adhesives.
There are various types of adhesives used to adhere different flooring with substrates. The selection of adhesives is largely dependent on the flooring type as well as flooring application. Furthermore, the demand for a flooring type varies from region to region as a result of cultural differences, climatic conditions, and regional regulatory requirements. It has been observed that much of the growth in the demand for flooring is driven by refurbishment rather than new construction demand.
The global floor adhesives market is projected to grow at a healthy growth over the next five years and reach US$ 6,947.8 million in 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to bond dissimilar materials are some of the key factors burgeoning the demand for the floor adhesives market.
Another factor which attracts adhesives usage is ease of installation of polymer-based adhesives compared to traditional mechanical fastening systems or cementitious powders. Adhesives also maintain aesthetics of the flooring and do not create or damage its impression. However, government regulations regarding workers safety, harmful VOC emissions and high-curing time of adhesives are some of the major challenges faced by the industry.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Floor Adhesives has been divided into categories such as by Material Type, Application Type, Technology Type, End-User Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
Ardex GmbH. at the Helm
The top 5 players are Ardex GmbH, Arkema Inc., BASF SE, Bona AB, DowDuPont.
Other important firms are H. B. Fuller, Henkel AG & Co. KgaA, Huntsman Corporation, Mapie Corporation, Pidilite Industries, Sika AG, Roberts Consolidated Industries Inc., The 3M Company, Uzi Utz AG, W. F. Taylor Co. Inc.
Emerging Trends:
Increasing Demands of Acrylic adhesives
The global floor adhesives market is segmented based on the material type as Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives. Acrylic adhesive segment currently dominates the global floor adhesives market, driven by increasing usage of carpet and resilient flooring applications. Polyurethane (PU) adhesive is mainly preferred in wood flooring applications, owing to its excellent properties, such as long-lasting surface finish; superior chemical, solvent, and scratch resistance; fast drying; resistance to UV light damage, general wear-and-tear, and extreme temperature variations.
Resilient flooring to Remain Dominant
Based on the application type, the market is bifurcated into Tile & Stone, Carpet, Wood, Laminate, Resilient Flooring, and Others. Resilient flooring is likely to remain the most dominant application type in the global floor adhesives market over the next five years. Among resilient flooring applications, luxury vinyl tile (LVT) is gaining popularity, owing to its versatility and durability with endless designs using advanced photo technology. It can replicate the natural-looking wood, stone, marble, and various other finishes in terms of both design and fixture.
Water-based technology to remain dominant technology
Based on the technology type, the global floor adhesives market is segmented as Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives. Water-based technology currently dominates the floor adhesives market. The technology type is also likely to grow at the highest rate during the forecast period, as it has been the most preferred replacement of solvent-based adhesives, due to a host of factors, such as environmental safety, zero VOCs, and low odor.
Asia-Pacific to be the Largest Market
Based on regions, Asia-Pacific is expected to remain the largest and fastest-growing floor adhesives market globally in the foreseeable future. Despite declining growth of the Chinese economy, the country is expected to remain growth engine of the region’s market over the next five years. India is likely to be the new growth engine in the region, supported by increasing government investments in the development of infrastructure and largescale construction activities across the country.
Subscribe to the Stratview advantage and Advance Your Business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends that have to be understood well in advance for the firms to take an informed decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.
Click Here for Other Reports from Stratview Research in the Construction & Equipment Industry
Stratview Research prognosticates the market to grow at a healthy CAGR over the next five years and expects the market to cross over of US$ 1,059.1 million mark by 2023.
The estimates are a result of market analysis over a period of 2012-17, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Floor Adhesives Market during the period 2018-23.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Floor Adhesives Market responds to all the significant inquiries.
The global flooring market is nearly 13 billion square meters in which ceramic tile is the most commonly used flooring for both residential as well as commercial sectors. Adhesives have progressively been becoming the preferred choice of materials to install most of the flooring types used today for residential, commercial, and industrial purposes. Apart from tiles & stones which are more often used with the cementitious product for adherence, all the other major flooring types such as resilient, wood, and carpet are predominantly installed using polymer adhesives.
There are various types of adhesives used to adhere different flooring with substrates. The selection of adhesives is largely dependent on the flooring type as well as flooring application. Furthermore, the demand for a flooring type varies from region to region as a result of cultural differences, climatic conditions, and regional regulatory requirements. It has been observed that much of the growth in the demand for flooring is driven by refurbishment rather than new construction demand.
The global floor adhesives market is projected to grow at a healthy growth over the next five years and reach US$ 6,947.8 million in 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to bond dissimilar materials are some of the key factors burgeoning the demand for the floor adhesives market.
Another factor which attracts adhesives usage is ease of installation of polymer-based adhesives compared to traditional mechanical fastening systems or cementitious powders. Adhesives also maintain aesthetics of the flooring and do not create or damage its impression. However, government regulations regarding workers safety, harmful VOC emissions and high-curing time of adhesives are some of the major challenges faced by the industry.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Floor Adhesives has been divided into categories such as by Material Type, Application Type, Technology Type, End-User Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Which material is the most promising?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
Ardex GmbH. at the Helm
The top 5 players are Ardex GmbH, Arkema Inc., BASF SE, Bona AB, DowDuPont.
Other important firms are H. B. Fuller, Henkel AG & Co. KgaA, Huntsman Corporation, Mapie Corporation, Pidilite Industries, Sika AG, Roberts Consolidated Industries Inc., The 3M Company, Uzi Utz AG, W. F. Taylor Co. Inc.
Emerging Trends:
Increasing Demands of Acrylic adhesives
The global floor adhesives market is segmented based on the material type as Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives. Acrylic adhesive segment currently dominates the global floor adhesives market, driven by increasing usage of carpet and resilient flooring applications. Polyurethane (PU) adhesive is mainly preferred in wood flooring applications, owing to its excellent properties, such as long-lasting surface finish; superior chemical, solvent, and scratch resistance; fast drying; resistance to UV light damage, general wear-and-tear, and extreme temperature variations.
Resilient flooring to Remain Dominant
Based on the application type, the market is bifurcated into Tile & Stone, Carpet, Wood, Laminate, Resilient Flooring, and Others. Resilient flooring is likely to remain the most dominant application type in the global floor adhesives market over the next five years. Among resilient flooring applications, luxury vinyl tile (LVT) is gaining popularity, owing to its versatility and durability with endless designs using advanced photo technology. It can replicate the natural-looking wood, stone, marble, and various other finishes in terms of both design and fixture.
Water-based technology to remain dominant technology
Based on the technology type, the global floor adhesives market is segmented as Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives. Water-based technology currently dominates the floor adhesives market. The technology type is also likely to grow at the highest rate during the forecast period, as it has been the most preferred replacement of solvent-based adhesives, due to a host of factors, such as environmental safety, zero VOCs, and low odor.
Asia-Pacific to be the Largest Market
Based on regions, Asia-Pacific is expected to remain the largest and fastest-growing floor adhesives market globally in the foreseeable future. Despite declining growth of the Chinese economy, the country is expected to remain growth engine of the region’s market over the next five years. India is likely to be the new growth engine in the region, supported by increasing government investments in the development of infrastructure and largescale construction activities across the country.
Subscribe to the Stratview advantage and Advance Your Business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends that have to be understood well in advance for the firms to take an informed decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.
Click Here for Other Reports from Stratview Research in the Construction & Equipment Industry
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