Global Flooring Adhesive market overview 2024, Forecast To 2033
31 Jan, 2024
The flooring adhesive market has demonstrated strong growth, escalating from $7.92 billion in 2023 to $8.59 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period is attributed to the expansion of the construction industry, increased renovation and remodeling activities, considerations related to health and wellness, adherence to environmental regulations, and economic stability. Expected to witness strong growth in the next few years, the market is projected to reach $11.47 billion in 2028, with a CAGR of 7.5%. The forecasted growth is linked to green building practices, the growth of e-commerce, infrastructure development, changing consumer preferences, and the adoption of green and sustainable adhesives. Major trends in the forecast period include technological advancements, digital and online sales, smart flooring adhesives, customized adhesives, and practices embracing recycled and circular economies.
Global Flooring Adhesive Market Key Driver
The increase in infrastructural development in emerging countries significantly contributes to the growth of the flooring adhesives market. The demand for housing, driven by population growth, elevates the need for flooring adhesives. In South Asia, the urban population is expected to grow by 250 million by 2030, emphasizing the importance of infrastructural development. This rapid urbanization boosts the demand for flooring adhesives.
Get A Free Sample Of The Global Flooring Adhesive Market ReportGlobal Flooring Adhesive Market Segments
The global 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 & Stone, Carpet, Wood, Laminate, Other Applications
4) By End User: Residential, Commercial, Industrial
By Geography: The regions covered in the Flooring Adhesive market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Flooring Adhesive Industry Players
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
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Flooring Adhesive Market Overview
Flooring adhesive refers to a strong, long-lasting glue that is used to hold the flooring components to the subfloor or underlayment. The adhesive must hold the floor tiles in place and connect them to the underlying floor. It is a sticky substance used to secure the floor.
Flooring Adhesive Global Market Report 2023 provides data on the global flooring adhesive market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flooring adhesive market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.