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Flooring Adhesives Market Growth & Trends

The global flooring adhesive market size is anticipated to reach USD 7.1 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% from 2020 to 2027. Demand for resilient flooring materials on account of new constructions and renovation projects are likely to push the product demand.

Resilient floorings are used to enhance the comfort and aesthetics of various applications in living rooms, bedrooms, outdoor floors, and utility spaces. Rubber and cork products are used as protective floorings where heavy and fragile objects are stored, for instance, gym floors are generally made with resilient materials to resist the weights of the instruments.

Increasing consumer inclination toward aesthetically appealing interiors, growing spending capacity of the upper-middle-class population, and improving the standard of living in emerging countries are expected to favor the demand for wooden floors. However, fluctuations in international trade policies may affect the pricing of final products, thus leading to a negative impact on their demand.

Artificial turf or synthetic grass or fake grass flooring materials are majorly used for external flooring applications. The largest share of these materials is consumed by landscaping and sports floorings in the commercial segment. Moreover, these materials are used in lawns, gardens, balconies, and terraces in residential and commercial structures. The rising popularity of outdoor games and government initiatives to promote sports are driving artificial turf demand.

Fluctuation in the raw material prices and establishing a distribution network are the challenges faced by the market competitors. Therefore, major players in the market are likely to witness a degree of forward and backward integration. This is further likely to intensify the market rivalry and, in turn, competition, and thus, making it difficult for new entrants to sustain in the competition.

Research & development activities by multinational players have led to the introduction of advanced flooring products and new techniques for installation, thus making the competitive environment more intense. Furthermore, the penetration of products through an organized retailing network is another factor for the players to sustain in the market competition.

Request a free sample copy or view report summary: Flooring Adhesive Market Report

Flooring Adhesives Market Report Highlights

• The Asia Pacific attracted the largest demand and is projected to maintain its lead during the forecast period. Growing housing needs and easy availability of home loans are likely to push the industrial demand

• The Middle East and Africa is likely to expand at a CAGR of 4.6% from 2020 to 2027, in terms of revenue. Rising construction activities for commercial projects are likely to assist the market growth in the region

• By application, the resilient flooring segment accounted for the largest revenue share of over 53.0% in 2019. Increasing penetration of vinyl flooring is one of the key trends fueling the segment growth

• Leading multinationals are projected to focus on new organic and inorganic growth strategies to increase their market share.

Would you Like to Take a Look On “Sample Report” of Flooring Adhesive Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/flooring-adhesives-market/request/rs1

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Flooring Adhesives Market Segmentation

Grand View Research has segmented the global flooring adhesives market report on the basis of resin, application, end-use, and region:

Flooring Adhesives Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• Acrylic

• Polyurethane

• Polyvinyl Acetate

• Others

Flooring Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• Resilient flooring

• Wooden flooring

• Laminate flooring

• Others

Flooring Adhesives End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• Residential

• Commercial

• Industrial

Flooring Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players of Flooring Adhesives Market

• Henkel AG

• Bostik

• Sika AG

• The Dow Chemical Company

• H.B. Fuller

• Mapei S. p. A.

• Pidilite Industries

• Wacker Chemie AG

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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