Floor Adhesives Market Production, Consumption, By Players and Forecast To 2028

Posted on 2019-06-26 by Mark Hub in Chemicals // 0 Comments

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The floor adhesives may be based on different technologies including Solvent based, Hot-Melt and Water based. Also, the floor adhesives are widely adopted across the end-use industries including residential, industrial and commercial. The global floor adhesives market is expected to foray ahead with a considerable CAGR over the forecast period of 2018-2028. The emergence of moisture resistant flooring adhesives is identified as one of the key trends that is supplementing the global Floor Adhesives Market growth.

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Floor adhesives market deals with such adhesives that are used to adhere flooring materials to an underlayment or subfloor. Various key players such as Mapei, Shaw, Interface and others are providing innovative floor adhesives depending on the presence of moisture in the substrate. For instance, Mapei provides products in the range of 90% RH, 95% RH or 99% RH depending upon the results of moisture test. In addition, Shaw provides LokDots, a carpet tile adhesive capable of permitting installation even up to 100% RH. Moreover, growing construction sector, advancements in floor adhesives and high demand from the end-use industries coupled with growing application industries are some of the factors providing traction to the floor adhesives market growth.

According to Institution of Civil Engineers, UK, a report “Global Construction Perspectives and Oxford Economics” suggests that the global construction market is expected to reach US$ 8 trillion by the end of 2030. Also, China, India and United States will lead the industry by accounting for about 57% of the global construction industry growth. Furthermore, continuously increasing population rates and urbanization are some of the factors that are positively supplementing the market growth till 2028. Increase in construction industry tends to rise the number of infrastructure and buildings that further creates a wide adoption base for the floor adhesives, thereby driving the market growth over the forecast period.

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The global Floor adhesives market is segmented into seven regions including North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, North America is expected to contribute to majority of the market share in 2018 in terms of value owing to high adoption of Floor adhesives across residential, commercial and industrial sectors. Furthermore, South Asia and East Asia are expected to show high growth rates due to growing construction industry across India, China, Japan and other prominent countries. Furthermore, increasing population along with the inclination of foreign countries to set up their manufacturing units in Asian countries also tend to supplement the regional growth till 2028. India is one of the key emerging markets for Floor adhesives in the region. Moreover, Middle East is also one of the region growing with considerable growth rate owing to increasing construction activities backed by increasing population estimates. Oceania and Latin America accounts for a substantial market share in terms of Floor adhesives demand.

Prominent players in the global floor adhesives market are Mapei S.p.A., Henkel AG, The Dow Chemical Company, Sika AG, Forbo Holdings AG, LATICRETE International, Inc. etc. The floor adhesives market consists of well-diversified global and regional players with global vendors ruling the market.

The research report presents a comprehensive assessment of the Floor adhesives market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Floor adhesives market report provides analysis and information, according to market segments such as geographies, type and industry.

The Floor adhesives report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Floor adhesives report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Floor adhesives report also maps the qualitative impact of various market factors on market segments and geographies.

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