What is the Historic and Current Scenario of the Flooring Adhesive Market?
The flooring adhesive market has seen considerable growth due to a variety of factors.
• There has been robust growth in the size of the flooring adhesive market in the past few years. The market's size is forecasted to increase from $8.54 billion in 2024 to achieve a value of $9.23 billion in 2025, yielding a compound annual growth rate (CAGR) of 8.1%.
Factors contributing to this growth during the historical period include the expansion of the construction industry, increases in renovation and remodeling activity, considerations relating to health and wellness, environmental regulations, and economic stability.
What are the Forecasted Growth and Key Factors of the Flooring Adhesive Market?
The flooring adhesive market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for flooring adhesives is anticipated to witness significant expansion. By 2029, it is projected to reach $12.43 billion, with a compound annual growth rate (CAGR) of 7.7%.
The expected growth during the prediction period can be credited to factors such as green construction methods, the boom in e-commerce, infrastructural development, evolving consumer tastes, and the adoption of green and sustainable adhesives. Tech advancements, digital and online sales, intelligent flooring adhesives, tailor-made adhesives, and practices promoting recycling and circular economies are major trends to look forward to in the forecast period.
What Main Forces Are Fueling Expansion In The Flooring Adhesive Market?
The flooring adhesives market is experiencing substantial growth due to the rise in infrastructural development in burgeoning nations. A global increase in population has amplified the demand for housing, thereby inflating the need for flooring adhesives used in various applications such as roof and floor fixing, as well as panel installations. The adhesives may also be combined with cement to enhance adhesion. Countries such as Brazil and India are channeling investments into residential construction to ensure the availability of affordable housing for everyone. It’s estimated by the World Bank that the urban populace in South Asia will surge by 250 million come 2030. PwC predicts that approximately 60% of the global population will reside in urban areas by 2030, where infrastructural demand will skyrocket. This intense urbanization is slated to accelerate demand for infrastructure and subsequently stimulate the flooring adhesives market.
What Are The Primary Segments In The Global 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 Key Trends Are Driving Changes In The Flooring Adhesive Market?
Companies producing flooring adhesives are progressively shifting towards more eco-friendly and sustainable methods to curb the harmful effects of chemical manufacturing has on the environment. This is done by concentrating on lowering the emissions of volatile organic compounds (VOCs). These compounds are highly volatile and are emitted by construction materials when subjected to high heat or moisture. Technological advancements and progress in chemical sciences now enable adhesive companies to manufacture their products from natural raw resources such as proteins, starch, resins, and lignin. This ensures a reduced carbon impact of their products. These companies are producing biodegradable adhesives, designed to be decomposed by bacteria and microorganisms, with the decomposing process resulting in the release of natural gases like water and carbon dioxide as dictated by the environment. The adoption of green construction - a practice that involves using sustainable construction materials and processes to create environmentally friendly, energy-efficient buildings - is being underscored. An example is German multinational chemical firm BASF, which has generated unique binders for flooring adhesives in their ACRONAL line; these offer exceptional performance and concurrently reduce environmental impact.
Who Are the Key Players 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
What Is The Most Dominant Region 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.
