The floor adhesive market is characterized by versatile features, including quick curing, improved sustainability with low VOC options, and excellent bonding properties on various substrates. Its dominating segment is the construction industry, particularly in the commercial and residential sectors. The demand for flooring adhesives in these segments is driven by the need for durable and cost-effective installation solutions. Additionally, the increasing trend towards eco-friendly adhesives aligns with sustainability goals, further bolstering the market's growth in the construction sector.
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Data Bridge Market Research analyses that North America Floor Adhesive Market was valued at USD 1,253.35 million in 2022 and is expected to reach USD 1,823.74 million by 2030, registering a CAGR of 4.8% during the forecast period of 2023-2030. Advancements in flooring materials, such as luxury vinyl, engineered wood, and laminate, drive the adoption of specialized adhesives tailored to these materials.
Key Findings of the Study
Renovation and remodeling is expected to drive the market's growth rate
The rising demand for renovation and remodeling projects in both residential and commercial settings is a driving force behind the increased need for floor adhesives. As structures age or design preferences change, many opt to upgrade or replace existing flooring materials. Floor adhesives play a crucial role in securely affixing new flooring materials, providing not only a strong bond but also ensuring durability and longevity. This demand underscores the pivotal role of floor adhesives in modern construction and interior design projects.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Resin Type (Polyurethane Adhesive, Acrylic Adhesive, Vinyl Adhesive, Epoxy, and Others), Technology (Water-Based Adhesive, Solvent-Based Adhesive, and Hot-Melt Adhesive), Application (Resilient, Laminate, Tile and Stone, Carpet, Wood, and Others), End User (Residential Floor Adhesive, Commercial Floor Adhesive, and Industrial Floor Adhesive)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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HENRY (U.S.), Dow (U.S.), Arkema (France), H.B. Fuller Company (U.S.), 3M (U.S.), Wacker Chemie AG (Germany), LATICRETE INTERNATIONAL, INC (U.S.), Q.E.P. Co., Inc. (U.S.), Mapei Corporation (Italy), Sika AG (Switzerland), HENKEL AG & CO. KGAA (Germany), BASF SE (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America floor adhesive market is segmented based on resin type, technology, application, and end user.
- On the basis of resin type, the market is segmented into polyurethane adhesive, acrylic adhesive, vinyl adhesive, epoxy, and others.
- On the basis of technology, the market is segmented into water-based adhesive, solvent-based adhesive, and hot-melt adhesive.
- On the basis of application, the market is segmented into resilient, laminate, tile and stone, carpet, wood, and others.
- On the basis of end user, the market is segmented into residential floor adhesive, commercial floor adhesive, and industrial floor adhesive.
Major Players
Data Bridge Market Research recognizes the following companies as the major North America floor adhesive market players in North America floor adhesive market are HENRY (U.S.), Dow (U.S.), Arkema (France), H.B. Fuller Company (U.S.), 3M (U.S.), Wacker Chemie AG (Germany), LATICRETE INTERNATIONAL, INC (U.S.), Q.E.P. Co., Inc. (U.S.), Mapei Corporation (Italy).
Market Development
- In March 2023, DOW unveiled its innovative digital paint formulation platform, DOW Paint Vision. This platform leverages data-driven capabilities to streamline paint formulation and expedite advancements in the paints and coatings industry. By amalgamating extensive research and development expertise with a vast dataset from Dow labs and contemporary sustainability trends and user requirements, this launch enhances the company's research capabilities, ultimately leading to increased revenue generation.
Regional Analysis
Geographically, the countries covered in the major North America floor adhesive market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. dominates North America floor adhesive market during the forecast period 2023 - 2030
The U.S. dominates the North America floor adhesive market, primarily due to its heightened awareness of floor adhesive product properties. The country exhibits a robust understanding of the benefits and applications of floor adhesives, leading to their widespread adoption in construction and renovation projects. This awareness fosters a thriving market environment, with a strong demand for floor adhesive solutions driven by their effectiveness and versatility in various flooring applications.
For more detailed information about the North America floor adhesive market report, click here – https://www.databridgemarketresearch.com/reports/north-america-floor-adhesive-market
