Floor Adhesive Market Overview

The detailed market research report on Floor Adhesive Market provides various factors such as regional growth, segmentation, and market size by value and volume. Floor adhesive are materials that are used to hold two surfaces together. These adhesives can be of diverse types, including urethane, acrylic, epoxy, silane modified polymer, and others. These adhesives are used in different flooring applications, such as tile & stone, carpet, wood, vinyl, and others. 

The Floor Adhesive Market report also different market forecasts related to market size, production, CAGR, gross margin, price, and other key factors. It includes several research studies such Top key players, opportunity, pricing analysis, expert reviews & analysis by Type (Epoxy, Urethane, Acrylic, and Vinyl), Application (Tile & Stone, Carpet, Wood, and Laminate), Technology (Water-based, Solvent-based and Hot-melt based), and Region. The floor adhesive market is projected to grow from USD 8.54 Billion in 2017 to USD 11.01 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022.

Floor Adhesive Market Key Players

  • Mapei S.p.A. (Italy)
  • Sika AG (Switzerland)
  • Henkel AG (Germany)
  • Bostik SA (France)
  • H.B. Fuller (U.S.)
  • The Dow Chemical Company (U.S.)
  • Wacker Chemie AG (Germany)
  • Forbo Holdings AG (Switzerland)
  • Pidilite Industries Limited (India)
  • Ardex Group (Germany)
  • Franklin International (U.S.)

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Mapei S.p.A. is one of the leading companies in the floor adhesive market. The company offers several types of floor adhesive for varied applications, such as ceramic and stone adhesives, timber flooring, resin floor covering, and decorative flooring, among others. Mapei Group acquired the Colombian company Productos Bronco S.A., which specializes in the production of waterproofing products, adhesives, sealants, and finishes. Mapei has strengthened its presence in South America with this acquisition. Mapei Construction Products India Ltd. expanded its presence in the Asia-Pacific by establishing a new production site in Vadodara in Gujarat (India).

Floor Adhesive Market Segmentation

By Type:

  • Epoxy
  • urethane
  • Acrylic
  • Vinyl
  • Others

Based on type, the epoxy resin segment is expected to be the largest segment of the market during the forecast period.

Epoxy adhesives consist of an epoxy resin and hardener. These adhesives are available in one-part, two-part, and film form. Epoxy adhesives form an extremely strong and durable bond with most materials. The major reason for the increasing adoption of epoxy adhesives in the flooring industry is their capacity to provide a good balance of handling characteristics and superior physical properties. These adhesives adhere well to a wide variety of substrates.

By Application:

  • Tile & Stone
  • Carpet
  • Wood
  • Laminate
  • Others

Based on application, the tile & stone segment is projected to witness the highest growth during the forecast period.

Floor adhesive are extensively used to fix and joint tiles, marbles, and stones, among other materials. These adhesives provide high strength and durability and help prevent shrinkage cracks and slippages in a material. 

By Technology:

  • Water-Based Adhesive
  • Solvent-Based Adhesive
  • Hot-Melt Based Adhesive

Based on technology, the water-based adhesives segment is projected to be the largest segment of the market during the forecast period.

Water-based adhesives are widely used due to their low volatile organic content, and excellent shear strength, flexibility, and outstanding adhesion for diverse end use applications.

By End-Use:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

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The Asia-Pacific floor adhesive market is projected to witness the highest growth during the forecast period.

The floor adhesive market in Asia-Pacific expected to witness the highest growth during the forecast period. Emerging economies, such as China, India, South Korea, and various Southeast Asian countries are attracting several global players to establish their manufacturing base in Asia-Pacific. These manufacturers are competing to reach an extensive customer base in countries, such as China and India to cater to the increasing demand for adhesives from the residential and industrial sectors in these countries. Increased investments in infrastructural development in the region are expected to fuel the growth of the floor adhesive market in Asia-Pacific.

Table of Contents:

  • Executive Summary
  • Scope/opportunities of the Floor Adhesive Market Report
  • Research Methodology
  • Floor Adhesive Market Landscape
  • SWOT Analysis
  • Market Sizing
  • Floor Adhesive Market Segmentation
  • Customer Landscape
  • Regional Landscape
  • Business Decision Framework
  • Drivers And Challenges
  • Floor Adhesive Market Key Trends
  • Players Landscape
  • Players Analysis 

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