The floor adhesive industry refers to the sector involved in the manufacturing, distribution, and application of adhesives specifically designed for bonding various types of flooring materials to subfloors. Floor adhesives play a crucial role in the construction and renovation sectors, as they provide a strong and durable bond between the flooring material and the subfloor. The demand for floor adhesive is driven by several factors. Firstly, the growth in the construction industry, both residential and commercial, contributes to the demand for floor adhesive as it is an essential component in flooring installation. Additionally, the increasing trend towards interior decoration and renovation projects further boosts the demand for floor adhesive. The global floor adhesives market size is projected to grow from USD 9.7 billion in 2023 to USD 12.8 billion by 2028, at a CAGR of 5.8%. 

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.

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There are various small, medium, and large players operating in the market. Some of the major market players include Henkel AG (Germany), H.B. Fuller (US), Sika AG (Switzerland), Arkema (Bostik SA) (France), 3M (US), Dow Inc (US), Wacker Chemie AG (Germany), and Pidilite Industries Limited (India). They have adopted various developmental strategies such as investment & expansions, new product launches, mergers & acquisitions, and joint ventures to increase their share in the market.

Arkema (Bostik): Arkema is a global specialized chemical and innovative material producer with four business segments: advanced materials, coating solutions, adhesives, and intermediates. In February 2015, the firm bought Bostik SA (the world's third-largest industrial adhesives maker) to boost its position in the specialty chemicals sector. Its adhesives are mostly utilized in the building business (both inside and outside). Bostik, the smart adhesives expert, is expanding its technological leadership in the industrial, personal care, construction, and consumer products industries three years after joining Arkema's high-performance materials business. The corporation has around 55 countries and 144 manufacturing facilities.

Wacker Chemie AG: Wacker Chemie AG is a chemical product manufacturer and distributor. Silicones, Polymers, Biosolutions, and Polysilicon are its business segments. Silicones and silicone rubber are used in consumer items, chemicals, energy and electronics applications, and building materials. Dispersions and dispersible polymer powders are produced by the Polymers section. Proteins, cyclodextrins, cysteine, and acetate solid resins are manufactured by the Biosolutions sector. For the semiconductor and electronics sectors, the Polysilicon section includes hyperpure polysilicon, chlorosilanes, and pyrogenic silicas. Other activities are included in the other parts.

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

The Asia Pacific region stands as the premier market for floor adhesives, propelled by a robust confluence of factors. Key end-use sectors including residential, commercial, and industrial segments collectively shape the future trajectory of floor adhesive demand within this expansive region. Particularly, the surge in demand resonates prominently across pivotal economies such as China, India, and Southeast Asian nations, notably highlighting their substantial contributions to the thriving floor adhesives market.

Floor Adhesive Market Segmentation
 

Based on Technology

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

Based on Resin Types

  • Epoxy
  • Polyurethane
  • Acrylic
  • Vinyl
  • Others

Based on the End-use Industry

  • Residential
  • Commercial
  • Industrial

Based on the Application

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

Based on the Region

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

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Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters

1.2 Methodology and forecast parameters

1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends

2.2 Product trends

2.3 End-use trends

2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation

3.2 Industry landscape

3.3 Vendor matrix

3.4 Technological and Innovative Landscape

Chapter 4: floor adhesives market, By Region

Chapter 5: Company Profiles

5.1 Company Overview

5.2 Financial elements

5.3 Product Landscape

5.4 SWOT Analysis

5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)