Flooring Adhesive Market by Resin (Acrylic, Epoxy, Polyurethane), Technology (Solvent-based, Water-based), Application, End-use - Global Forecast 2024-2030

Flooring Adhesive Market by Resin (Acrylic, Epoxy, Polyurethane), Technology (Solvent-based, Water-based), Application, End-use - Global Forecast 2024-2030

The Flooring Adhesive Market size was estimated at USD 7.84 billion in 2023 and expected to reach USD 8.27 billion in 2024, at a CAGR 5.76% to reach USD 11.62 billion by 2030.

Flooring adhesives are specialized bonding agents applied to secure various types of flooring materials to subfloors and underlayments. These adhesives are designed to provide durable, long-lasting adherence, ensuring the stability and longevity of flooring installations. The choice of adhesive is critical and is determined by the specific flooring material, environmental conditions, and the intended use of the space. Rising global economic standards, increasing investments in infrastructure projects, and the rapid pace of urbanization and the resulting construction activities have fuelled the need for flooring adhesives. Furthermore, research institutions and private and public entities are focusing on producing adhesives using plastic waste, which has further created a beneficial market for flooring adhesives. However, the volatility of raw material prices affects the stability of adhesive costs. Regulatory pressures, especially concerning VOC emissions and environmental impact, require constant adaptation and could incur higher production costs. However, in recent years, manufacturers have focused their efforts on producing eco-friendly and low-volatile organic content(VOC) adhesive products. Exploring niche markets such as marine or automotive flooring, which may have specific adhesive requirements, and leveraging smart technologies for quality control, application precision, and performance monitoring of adhesives can further expand the market for flooring adhesives.

Regional Insights

The Americas, particularly the U.S. and Canada, represent mature markets characterized by steady growth. The emphasis here lies on high-quality, eco-friendly, and multifunctional adhesive products. In the U.S., there is a strong demand for luxury vinyl tile (LVT) and resilient flooring, driving the need for specific adhesive types that offer quick installation and low VOC emissions. European countries prioritize technological innovation, durability, and environmental sustainability in flooring adhesives. The EU's stringent regulations on VOC emissions and the growing demand for green building materials have led to significant advancements in adhesive technology, including the development of solvent-free and water-based products. The government's push towards greener construction practices has resulted in the formulation of stricter standards and regulations for adhesive products. Recent initiatives include the development of bio-based adhesives and recycling programs aimed at reducing the environmental impact of flooring installations. The Middle East, amid luxury real estate and commercial projects, demands high-performance adhesives that can withstand extreme temperatures. The Asia Pacific region exhibits the highest growth potential in the global flooring adhesive market, led by burgeoning construction activities in China, India, and Southeast Asia. Consumer needs in this region gravitate towards affordable, durable, and easy-to-apply adhesives, reflecting the rapid urbanization and industrial development. Notably, China's dominance in manufacturing and its ambitious infrastructure projects have spurred innovative adhesive solutions. Japan advances through technological innovation, focusing on eco-friendly and energy-efficient adhesives. India's market is propelled by residential construction booms and governmental housing initiatives.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Flooring Adhesive Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing investments and expansion of building infrastructure projects across the world
Efforts to produce adhesives by recycling plastic wastes

Market Restraints

Performance limitations of flooring adhesives

Market Opportunities

Advancements in material sciences to improve the safety and performance of flooring adhesives
Development of sustainable and eco-friendly flooring adhesives

Market Challenges

Environmental impact of using flooring adhesives

Market Segmentation Analysis

Resin: Emerging preference for polyurethane resins due to their robust performance characteristics
Application: Advancement to improve the versatility, design options, durability, and comfort of resilient flooring

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Flooring Adhesive Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Flooring Adhesive Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Sika-DriTac relaunches Golden Bullet adhesive

Sika-DriTac announced the re-introduction of the DriTac 4141 Golden Bullet, a single-component adhesive designed to improve hardwood flooring installations in both residential and commercial settings. This product merges subfloor moisture protection with a universal application, requiring no preliminary moisture testing. Its advanced, urethane-based formulation ensures premium-grade sound and moisture control and also aligns with the most rigorous sustainability standards.

LP Building Solutions Launches Amazon Storefront with LP Structural Solutions Accessories

LP Building Solutions, a producer of advanced building materials, announced its debut on Amazon with an exclusive storefront. This new digital venture showcases a curated selection of LP Structural Solutions accessories designed to enhance the durability and performance of building projects. Among the featured products are the LP Legacy premium sub-floor adhesive and its accompanying applicator, LP Legacy polyurethane foam cleaner, and LP weatherlogic seam & flashing tape and sealant.

DOW DIAMONDLOCK, an Environmentally Friendly Flooring Adhesive Technology, is Launched in the Thailand market

Dow has recently unveiled its DIAMONDLOCK flooring adhesive technology in the Thailand market. The product is recognized for its ease of use and eco-friendly attributes, and this new adhesive solution signifies a significant advancement for professionals and DIY enthusiasts. DIAMONDLOCK offers robust performance while adhering to environmental stewardship.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Flooring Adhesive Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Flooring Adhesive Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ARDEX GmbH, Arkema Group, Asian Paints Ltd., AVERY DENNISON CORPORATION, BASF SE, Building Adhesives Ltd., Evonik Industries AG, Forbo Flooring, H.B. Fuller Company, Henkel Corporation, Huntsman International LLC, LATICRETE International, Inc., LyondellBasell Industries N.V., Mapei S.p.A., Mr Bond Polychem, Nippon Paint Holdings Co., Ltd., Parker Hannifin Corp., Pidilite Industries Ltd., ReynoArch Construction Chemical, Sika AG, Solvay SA, Tata Chemicals Ltd., The Dow Chemical Company, and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Flooring Adhesive Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin
Acrylic
Epoxy
Polyurethane
Polyvinyl Acetate
Technology
Solvent-based
Water-based
Application
Laminate Flooring
Resilient Flooring
Wooden Flooring
End-use
Commercial
Industrial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year