肛门地板胶粘剂市场规模、分享和趋势乐鱼体育手机网站入口ysis Report By Resin (Acrylic, Polyurethane, Polyvinyl Acetate), By Application, By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2021 - 2028

Report Overview

全球地板胶粘剂市场规模价值乐鱼体育手机网站入口d at USD 4.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. Growing investments in the construction industry, especially in residential and commercial sectors, are projected to boost market growth over the forecast period. The shifting trend toward the renovation of existing buildings owing to increasing disposable income and inclination for aesthetic appearance is propelling the product demand. In addition, government initiatives towards economic recovery are further benefitting the growth of the construction industry and positively influencing flooring adhesives demand.

The U.S. is a lucrative market for flooring adhesive and is anticipated to observe high growth in wooden flooring over the coming years. Ease of maintenance, elegant appearance, and high return on investments are factors augmenting the popularity of wooden flooring in the U.S. Houses with wooden flooring can expect a return on investment of 70% to 80% and an increase of 2% to 3% in their costs. Such factors are propelling segment growth.

For instance, in November 2020, AHF Products announced its plan to invest USD 2.5 million in its Somerset facility to introduce a new line of highly durable end-grain hardwood flooring. Growing investments in the manufacturing of flooring indicate its high demand, which is anticipated to positively influence adhesive consumption in the U.S. over the forecast period.

With ease in pandemic-related restrictions, construction spending is witnessing a rise in different parts of the world since the second half of 2020. In an attempt to boost economic recovery, various housing projects are being developed by private investors, as well as government bodies, which are expected to positively influence the growth of the market.

例如,2021年1月6日,国家政府nment of Maharashtra in India reduced premium charges by 50% under the new DCPR rule 2034 across the board for ongoing and new construction projects up to December 31, 2021. This move is expected to give a boost to the real estate sector in the state.

Flooring Adhesive Market Trends

The rising disposable income of consumers and growing preference to enhance the look and appeal of interiors have augmented the demand for premium or luxury construction in developing economies. A large volume of adhesives goes into flooring applications in the construction industry, including carpet laying,ceramic tiles, flooring underlayment, concrete, and pre-finished panels, among others. The expanding construction industry is a key contributor to the rapidly growing global flooring adhesive market.

Although the emergence of the COVID-19 pandemic severely impacted the construction sector in the first half of 2020, with ease in lockdowns, construction spending has witnessed a rise across the world in the second half of 2020. To propel economic growth, various housing projects are being developed by private investors and by government bodies, which are anticipated to positively impact the growth of the market.

Growing awareness regarding the advantages of luxury homes is expected to augment the demand for different types of flooring, which is expected to benefit the growth of the flooring adhesive market in the coming years. Luxury homes make a good choice for investment. These types of homes are equipped with several amenities, including swimming pools, gyms, and various sporting & leisure rooms, which have different flooring and adhesive requirements.

Investments in luxury construction are observed in different parts of the world. For instance, in June 2020, JLL Capital Markets arranged construction financing for a 25,000-square-foot building in New Jersey, U.S., that will have 11 luxury apartments. In September 2020, Hines and Humphreys Capital announced the development of a five-story mid-rise building with 326 rental homes. With this project, the companies have broken ground for the construction of a luxury multifamily project in Oklahoma City, these types of investments are expected to increase the consumption of flooring adhesive over the coming years.

Volatile organic compound (VOC) emissions that take place during the commercial and industrial application of adhesives pose risks to both, the environment and human health. Several countries across the world have set guidelines to restrict the volume of gases emitted during the use of flooring adhesives in industrial applications.

The flooring adhesive market has always been under the strict scrutiny of various regional- and country-level regulatory bodies. For instance, in the U.S., the Environmental Protection Agency makes it mandatory for manufacturers and suppliers of adhesives and sealants to comply with the established VOC standards. Moreover, the Air Resources Board (ARB) of the country has issued a document for determining Reasonably Available Control Technology (RACT) to keep a check on the pollution caused due to the application of adhesives.

Resin Insights

The acrylic segment dominated the market for flooring adhesive and held the largest revenue share of 41.0% in 2020. The large share is attributed to the characteristics of acrylic resins, which provide fast-setting time and increased adhesion to substrates that are difficult to bond. They offer good environmental resistance. Acrylic resins are used for the development of waterborne and heat-resistant adhesives and Ultraviolet (UV) light-curing adhesives.

These are preferred for resilient and wooden floorings, which are to be installed on moisture-free porous or rugged surfaces. They offer high resistance to plasticizer migration and provide tough and permanent bonds. A growing emphasis on the development of sports infrastructure after the 2021 Tokyo Olympics is expected to augment the demand for asphalt and wood floors, which are expected to contribute to the increased consumption of acrylic adhesives.

Polyurethaneis another vital segment of the market for flooring adhesive. Rising demand for polyurethane adhesives has led raw material suppliers to enhance their production capacity. For instance, in January 2020, BASF announced the expansion of its polyurethane dispersion business in Europe. With this expansion, the company intended to strengthen its portfolio of adhesives, parquet floorings, and automotive and industrial coatings.

Application Insights

Theresilient flooringsegment held the largest revenue share of 53.0% in 2020. This flooring is a mixture of color, binders, and fillers. Binders such as asphalt and resin bind the mixture together, whereas fillers comprise limestone, groundwood, and synthetic fibers. These are produced using elastic materials such as rubber, PVC, and linoleum.

This type of flooring is useful in high traffic areas such as manufacturing units, restaurants, hospitals, sports facilities, schools, dance floors, and even in playrooms, living rooms, shower rooms, garages, and home gymnasiums. Its widespread application is propelling the segment growth and benefitting adhesive consumption.

Wooden flooring is anticipated to emerge as the fastest-growing segment over the forecast period owing to its rising significance in luxury construction in both residential and commercial areas. It offers numerous advantages including strength, durability, easy maintenance, aesthetics, high monetary value of a house, steady appearance, an option of refinishing, improved acoustics, and improved air quality.

End-use Insights

The commercial segment dominated the market for flooring adhesive and held the largest revenue share of more than 34.0% in 2020. Commercial applications are subject to high traffic areas, therefore require durable flooring such as resilient and wooden. In such flooring applications, adhesives are necessary products and are found in numerous commercial building applications such as offices, convenience stores, shopping malls, and retail stores.

Increasing construction of commercial buildings, such as drugstores, grocery, and big-box stores, over the past few years, is expected to benefit the segment growth over the coming years. Moreover, robust demand for office spaces, especially in urban areas of emerging economies, is also propelling demand for high-quality flooring adhesives.

The residential segment is growing fluently as the subsidies from governments for first-time homebuyers in developing and developed economies have positively affected the growth of the residential sector. Countries such as Australia, Canada, Germany, and India have announced various schemes to support the development of the real estate sector.

These schemes are partially or fully funded by governments in these countries, which ultimately benefit the demand side of the construction sector. This is likely to push market growth for flooring adhesives over the coming years.

Regional Insights

North America is expected to grow at a CAGR of 7.3% in terms of revenue from 2021 to 2028. Increasing emphasis on residential and institutional construction activities in North America is anticipated to fuel the demand for flooring adhesives in the region over the forecast period. In 2018–19, the U.S. Government-led fiscal stimulus contributed to the increased confidence of businesses based in the country. It also assisted in maintaining continuous construction spending in the U.S., thereby fueling the growth of the market in the country.

Increasing construction spending in the U.S. is a positive indicator of the growth of the flooring adhesive market in the country. The construction activities were considered an essential service in different parts of the country in 2020. As a result, the overall construction spending in the U.S. increased in 2020, which was extremely positive during the pandemic. This led to the surged demand for flooring adhesives in the country.

The Asia Pacific is anticipated to maintain its dominance in the flooring adhesive market over the forecast period. In terms of volume, the region accounted for a share of 43.6% of the global market in 2020. The flooring adhesive market in the Asia Pacific is projected to grow at a CAGR of 7.0%, in terms of volume, from 2021 to 2028. The rising demand for the product in the housing sector of countries such as India and China is expected to drive the growth of the market in the region over the coming years.

The emergence of coronavirus started a series of changes, which directly limited the construction activities and industrial production in China due to the imposition of lockdowns by the government to contain the spread of the virus. The industrial production output of China contracted by nearly 13.5% over the January and February months of the financial year 2020. The restriction in the movement of the masses, coupled with the slow growth of the downstream industry of China, led to a reduction in the demand for buildings construction, which has negatively impacted the flooring adhesive market in the country over the financial year 2020.

Key Companies & Market Share Insights

The market is highly competitive owing to the presence of various players, both emerging and established. All manufacturers faced major consequences in 2020 owing to the emergence of the COVID-19 pandemic, which impacted the demand-supply scenario and led to negative sales for companies in the first half of 2020. As the economies turn toward recovery, manufacturers are expanding their presence and market share through initiatives such as capacity expansions and mergers & acquisitions. Some of the prominent players in the flooring adhesive market include:

• Bostik

• Dow

• Forbo Holdings AG

• H.B. Fuller Company

• Henkel AG & Co. KGaA

• LATICRETE International, Inc.

• MAPEI S.p.A

• PARKER HANNIFIN CORP

• Pidilite Industries

• Sika AG

Flooring Adhesive MarketReport Scope

Report Attribute	Details
Market size value in 2021	USD 4.8 billion
Revenue forecast in 2028	USD 7.7 billion
Growth Rate	CAGR of 6.8% from 2021 to 2028
Market demand in 2021	2,188.8 kilotons
Volume forecast in 2028	3,512.7 kilotons
Growth Rate	CAGR of 6.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028
Quantitative units	Volume in kilotons, revenue in USD million, and CAGR from 2021 to 2028
Report coverage	Volume forecast, revenue forecast, competitive landscape, growth factors, and trends
Segments covered	Resin, application, end-use, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country scope	U.S.; Canada; Mexico; Germany; France; UK; China; India; Japan; Brazil; Saudi Arabia
关键的公司介绍	Bostik; Henkel AG & Co. KGaA; Sika AG; MAPEI S.p.A; Dow
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Global Flooring Adhesive MarketSegmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global flooring adhesive market report on the basis of resin, application, end-use, and region:

• Resin Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Acrylic

  • Polyurethane

  • Polyvinyl Acetate

  • Others

• ApplicationOutlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • 弹性地板

  • Wooden Flooring

  • Laminate Flooring

  • Others

• End-useOutlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Residential

  • Commercial

  • Industrial

• RegionalOutlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia