Fact.MR recently published a market study on the global Floor Adhesives Market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the Floor Adhesives Market structure. It also presents exclusive information about how the Floor Adhesives Market will grow during the forecast period of 2018-2028.
Floor adhesives Market: Introduction
Floor adhesives market deals with such adhesives that are used to adhere flooring materials to an underlayment or subfloor. The floor adhesives may be based on different technologies including Solvent based, Hot-Melt and Water based. Also, the floor adhesives are widely adopted across the end-use industries including residential, industrial and commercial. The global floor adhesives market is expected to foray ahead with a considerable CAGR over the forecast period of 2018-2028. The emergence of moisture resistant flooring adhesives is identified as one of the key trends that is supplementing the global floor adhesives market growth. Various key players such as Mapei, Shaw, Interface and others are providing innovative floor adhesives depending on the presence of moisture in the substrate. For instance, Mapei provides products in the range of 90% RH, 95% RH or 99% RH depending upon the results of moisture test. In addition, Shaw provides LokDots, a carpet tile adhesive capable of permitting installation even up to 100% RH. Moreover, growing construction sector, advancements in floor adhesives and high demand from the end-use industries coupled with growing application industries are some of the factors providing traction to the floor adhesives market growth.
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Growing construction industry worldwide is providing traction to the market growth over the forecast period
According to Institution of Civil Engineers, UK, a report “Global Construction Perspectives and Oxford Economics” suggests that the global construction market is expected to reach US$ 8 trillion by the end of 2030. Also, China, India and United States will lead the industry by accounting for about 57% of the global construction industry growth. Furthermore, continuously increasing population rates and urbanization are some of the factors that are positively supplementing the market growth till 2028. Increase in construction industry tends to rise the number of infrastructure and buildings that further creates a wide adoption base for the floor adhesives, thereby driving the market growth over the forecast period.
Segmentation analysis of Floor adhesives Market
The global floor adhesives market is bifurcated into four major segments that are resin type, technology, application and end use.
On the basis of resin type, the global floor adhesives market is divided into:
On the basis of technology, the global floor adhesives market is divided into:
On the basis of application, the global floor adhesives market is divided into:
- Tile & Stone
On the basis of end use, the global floor adhesives market is divided into:
Based on region, the global floor adhesives market is segmented as:
- North America
- Latin America
- East Asia
- South Asia
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Floor adhesives Market: Regional Outlook
The global Floor adhesives market is segmented into seven regions including North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, North America is expected to contribute to majority of the market share in 2018 in terms of value owing to high adoption of Floor adhesives across residential, commercial and industrial sectors. Furthermore, South Asia and East Asia are expected to show high growth rates due to growing construction industry across India, China, Japan and other prominent countries. Furthermore, increasing population along with the inclination of foreign countries to set up their manufacturing units in Asian countries also tend to supplement the regional growth till 2028. India is one of the key emerging markets for Floor adhesives in the region. Moreover, Middle East is also one of the region growing with considerable growth rate owing to increasing construction activities backed by increasing population estimates. Oceania and Latin America accounts for a substantial market share in terms of Floor adhesives demand.
Key players of Floor adhesives Market
Prominent players in the global floor adhesives market are Mapei S.p.A., Henkel AG, The Dow Chemical Company, Sika AG, Forbo Holdings AG, LATICRETE International, Inc. etc. The floor adhesives market consists of well-diversified global and regional players with global vendors ruling the market.
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Mr. Laxman Dadar is an accomplished proficient in statistical surveying composing. His visitor posts and articles have been distributed in driving industry and sites. His interests include fiction, theory, and innovation.