The floor adhesive market share is expected to increase by USD 1.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.44%.

This floor adhesive market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers floor adhesive market segmentation by end-user (residential, commercial, and industrial) and geography (APAC, North America, Europe, South America, and MEA). The floor adhesive market report also offers information on several market vendors, including Bostik Ltd., DuPont de Nemours Inc., Forbo Holding Ltd, H.B. Fuller Co., Henkel AG and Co. KGaA, LATICRETE International Inc., Mapei SpA, Parker Hannifin Corp., Pidilite Industries Ltd., and Sika AG among others.

What will the Floor Adhesive Market Size be During the Forecast Period?

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"Some vendors that offer floor adhesives in APAC are Pidilite Industries Ltd., Arkema, and Jowat SE. A few vendors are focusing on establishing new production units in APAC to meet the market demand."

Floor Adhesive Market: Key Drivers and Trends

The rapidly growing global construction industry is notably driving the floor adhesive market growth, although factors such as stringent environmental regulations regarding VOC emissions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the floor adhesive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Floor Adhesive Market Driver

The rapid growth in the global construction industry is one of the key factors driving the floor adhesive market growth. Global and national economic sustainability is dependent majorly on the construction industry, which includes constructions of commercial, industrial, and other infrastructural development such as dams, roads, and real estate assets that are essential for economic prosperity. Mechanical or thermal fastening has been practiced earlier for industrial bonding applications, which are now replaced by adhesives. Hence, adhesives are becoming an integral part of various applications. These factors are expected to propel the demand for floor adhesives during the forecast period.

Key Floor Adhesive Market Challenge

The imposing of stringent environmental regulations is a key challenging factor for the floor adhesive market growth. Adhesives and sealants that are high in volatile organic compound (VOC) emissions have been compiled for use under certain regulations by the authorities. Failing to adhere to the regulations may lead to administrative enforcement actions, regulatory or governmental investigations, or even revocation of required licenses or registrations. The volatility in raw material prices is negatively affecting the prices of adhesives. Also, such regulations are restricting the entry of new players in the market. The demand for floor adhesive is estimated to increase during the forecast period. However, stringent regulations and the rise in prices are creating challenges for the market growth, especially in developing economies.

This floor adhesive market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

The parent global chemicals market covers companies engaged in the manufacturing of various types of products under organic and inorganic chemicals. The global specialty chemicals market covers products and companies engaged in high value-added chemicals used in the manufacture of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings.

Who are the Major Floor Adhesive Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Bostik Ltd.
• DuPont de Nemours Inc.
• Forbo Holding Ltd
• H.B. Fuller Co.
• Henkel AG and Co. KGaA
• LATICRETE International Inc.
• Mapei SpA
• Parker Hannifin Corp.
• Pidilite Industries Ltd.
• Sika AG

This statistical study of the floor adhesive market encompasses successful business strategies deployed by the key vendors. The floor adhesive market is fragmented and the vendors are deploying growth strategies such as acquisitions to capture the regional markets to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The floor adhesive market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Floor Adhesive Market?

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64% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the floor adhesive market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.

The significant increase in demand for floor adhesive from key countries such as Australia, China, India, and Japan will facilitate the floor adhesive market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Floor Adhesive Market?

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The floor adhesive market share growth by the residential segment will be significant during the forecast period. Various government schemes such as the Indian government's Pradhan Mantri Awas Yojana provide tax benefits to encourage the middle-income group for buying homes. While decreased interest rates and growth in disposable income also provide opportunities to buy new houses. These factors are boosting the market growth of floor adhesives through its residential segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the floor adhesive market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Floor Adhesive Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive floor adhesive market growth during the next five years
• Precise estimation of the floor adhesive market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the floor adhesive industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of floor adhesive market vendors

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