Floor Adhesives Market Size, Share, & COVID-19 Impact Analysis, By Resin (Acrylic, Polyurethane, Polyvinyl Acetate, Epoxy, and Others), Application (Tiles, Carpet, Wood floor, and Others), By Technology (Water-borne, Solvent-borne, and Others), By End Use (Residential, Commercial, and Other), and Regional Forecast, 2024-2032

Floor adhesives (or flooring adhesives) are essential in various construction and renovation projects. It plays a crucial role in ensuring the stability and durability of flooring installations. Floor adhesives provide strong adhesion and bond to different types of flooring materials and various subfloor surfaces such as plywood, concrete, and cement boards.

The global construction industry is witnessing steady growth with increased construction and renovation activities. Floor adhesives are important for installing various flooring materials, driving the demand for floor adhesive products. Moreover, the flooring industry continues to expand due to increasing population and urbanization, which increases demand for floor adhesives to install ceramic tiles and carpets, boosting the floor adhesives market. 

Many traditional floor adhesives contain volatile organic compounds and other harmful chemicals which contributes to air pollution and pose a health risk. Due to these factors, floor adhesives market may be hindered in coming years. Key market players focus on developing value-added products to compete with their industry rivals. They are also engaged in increasing their geographic footprint and strategic expansion.

Impact of COVID-19 on the Floor Adhesives Market

The COVID-19 pandemic affects manufacturing activities and production of floor adhesives globally, affecting both the demand for adhesives and their development & processing, which restricted the floor adhesives market. Travel restrictions to control COVID-19 in various regions affected the demand and supply chain. Manufacturing facilities were halted due to the unavailability of raw materials and labor shortage, which affected the floor adhesives market. However, normalization in businesses after COVID-19 and capital investment by the government toward the infrastructure sector will positively impact the floor adhesives market.

Segmentation

Key Insights

The report will cover the following key insights:

• The Regulatory Scenario of Floor Adhesives Market


• Key Developments in Floor Adhesives Market


• Impact of COVID-19 on Floor Adhesives Market

Analysis by Resin Type

By resin type, the floor adhesives market is segmented into acrylic, polyurethane, polyvinyl acetate, epoxy, and others. Among these, the acrylic resin segment holds a significant share of floor adhesives market. Acrylic resins are known for their excellent bond strength, making them a popular choice for floor adhesives. They create a strong bond between various flooring materials such as wood, vinyl, and tile. These factors propel the growth of the floor adhesives market in the forecast period.

Analysis by Application

By application, the floor adhesives market is segmented into tiles, carpet, wood floor, and others. Among these, the carpet segment is expected to hold a significant share during the forecast period. The carpet provides a soft surface underfoot, making it a comfortable flooring option. Furthermore it provides stable and secure footing, making it a suitable choice for households. These factors boost the floor adhesives market in the coming years.

Analysis by Technology

By technology, the floor adhesives market is segmented into water-borne, solvent-borne and others. Among these, solvent-borne technology is commonly used in the floor adhesives market. Solvent-borne floor adhesives are known for their strong bonding characteristics. They provide long-term adhesion even under heavy use or stress, which drives market growth.

Analysis by End-Use Industry

Based on end-use industry, the floor adhesives market is segmented into residential, commercial, and other. The commercial segment holds the major share of the floor adhesives market.  Floor adhesives are widely used in stores, supermarkets, hotels & restaurants, and boutiques. They are used to install flooring materials such as carpet tiles and laminate flooring. Additionally, they are used in educational institutions, including schools, colleges, and universities, which is expected to propel the growth of the floor adhesives market.

Regional Analysis

By region, the floor adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is experiencing significant urbanization with growing population. This drives the demand for residential and commercial projects which boosts the floor adhesives market in this region.

North America and Europe are expected to drive the market moderately over the forecast period. Increasing construction activities in this region are anticipated to drive the market. The presence of key players drive the floor adhesives market in these region. The market in the Middle East & Africa region is expected to grow moderately during the forecast period.

Key Players Covered

The report will include the profiles of key players, such as Sika AG, MAPEI S.p.A, Arkema Group (Bostik SA), H.B. Fuller Company, Dow, Forbo Holdings AG, Pidilite Industries, Henkel AG, PROMA Adhesives, Inc. and APPLIED Adhesives.

Key Industry Developments:

• May 2023 - APPLIED Adhesives has acquired Heigl Adhesives a leading supplier of industrial adhesives. This acquisition will strengthen APPLIED'S commitment to provide industry leading products and technical expertise to its customers.  


• July 2022 - Mapei India inaugurated its third factory at Kosi, Mathura. This new factory will help the company to serve the growing demand of adhesives in northern part of India.