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The floor adhesive market size is forecast to increase by USD 1.31 billion, at a CAGR of 4.7% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and shifting market dynamics. Adhering to stringent building codes and ASTM standards, floor adhesives play a crucial role in ensuring floor protection and sustainability. VOC emissions and open time are key considerations in adhesive selection for various applications, including commercial and residential settings. Floor preparation is essential, with substrate evaluation and joint preparation crucial for successful installation. Contact adhesives and trowel applications are popular methods for wood flooring installation, while roller applications dominate in tile installation. Traffic wear and slip resistance are essential factors in floor coatings, with epoxy resins and acrylic adhesives leading the way.
Floor maintenance and cleaning products are integral to maintaining floor longevity. Pot life, curing time, and temperature effects are critical application factors, with LEED certification and green building standards increasingly influencing market trends. Water-based adhesives and solvent-based adhesives each have their applications, with heavy-duty applications requiring high adhesive strength and spreading rates. Safety standards and leveling compounds are essential for ensuring floor alignment and safety during installation. Moisture testing and humidity effects are critical considerations in floor preparation, with ANSI standards and carpet installation also impacting market dynamics. The ongoing unfolding of market activities highlights the continuous need for adhesive innovation and adaptation to evolving market demands.
The floor adhesive industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The residential segment is estimated to witness significant growth during the forecast period.
In the market, residential applications represent a significant segment due to the ongoing construction activity in this sector. Post the 2007 financial crisis, the residential market has experienced steady growth in the United States, with a slowdown anticipated in North America due to builders having met previous demand through overcapacity. The Asia Pacific region, being the largest market, is projected to expand at a moderate pace due to the limited adoption of construction lifts and the scarcity of high-rise structures. Governments worldwide offer tax incentives to boost homeownership among the middle-income population, contributing to the growth of the residential market.
Floor thickness and ASTM standards are crucial factors in adhesive selection. Adhering to these standards ensures floor protection and minimizes VOC emissions. Open time and surface cleaning are essential considerations during floor installation, while polyurethane adhesives offer advantages such as high tensile and shear strength. Sustainability is a growing concern, leading to the preference for water-based adhesives and adherence to LEED certification and green building standards. Floor refinishing and maintenance involve various floor cleaning products and application methods, including spray, roller, and trowel applications. Safety standards and curing time are essential factors in floor installation, with building codes and ANSI standards guiding the process.
Moisture testing is crucial in tile installation, while joint preparation and substrate evaluation are essential for adhesive coverage and slip resistance. Heavy-duty applications, such as commercial and industrial floors, require adhesives with high pot life and adhesive strength. Epoxy resins and acrylic adhesives are popular choices for their durability and resistance to foot traffic and temperature effects. Wood flooring installation and carpet installation also rely on specialized adhesives and application methods. Floor maintenance includes the use of floor polishes, leveling compounds, and spreading rates to ensure proper adhesive application and floor alignment. Expansion joints and control joints are essential for managing floor movement and ensuring safety standards are met.
Adhesive thickness and application methods are critical factors in achieving optimal floor performance.
The Residential segment was valued at USD 1.72 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The floor adhesives market experiences significant growth due to increasing construction activities and infrastructure development in regions like Asia Pacific. Commercial and residential sectors' expansion fuels the demand for industrial adhesives. ASTM and ANSI standards ensure product quality and safety. Floor thickness and substrate evaluation are crucial factors in adhesive selection. Sustainability considerations, such as VOC emissions and pot life, influence product preferences. Floor refinishing and maintenance require suitable adhesives and cleaning products. Polyurethane and water-based adhesives cater to various applications, including tile, vinyl, wood, and carpet installations. Tensile and shear strength, slip resistance, and curing time are essential performance attributes.
LEED certification and green building standards prioritize eco-friendly adhesives. Adhesive application methods include roller, trowel, and spray applications. Floor preparation, moisture testing, and joint preparation are essential steps in the installation process. Safety standards and leveling compounds ensure a level and safe floor surface. Epoxy resins and acrylic adhesives offer high adhesive strength and durability for heavy-duty applications. Temperature effects and humidity influence adhesive performance. Major companies in the market include Pidilite Industries Ltd., Arkema, and Jowat SE, among others. They focus on innovation, product development, and expanding production units to meet the growing demand. Building codes and safety standards regulate the market.
Adhesive coverage, spreading rates, and adhesive thickness are essential factors in adhesive selection for various applications.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The floor adhesive market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the floor adhesive market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, floor adhesive market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - BOSTIK's floor adhesives deliver enhanced wear resistance, acoustic performance, and comfort.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Floor Adhesive Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.7% |
Market growth 2024-2028 |
USD 1308 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.5 |
Key countries |
China, US, India, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this floor adhesive market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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