Global Acrylic Flooring Adhesives Market, By Technology (Water-Borne, Solvent-Borne, and Others), Application (Tile and Stone, Carpet, Wood, Laminate, Resilient Flooring, and Others), End-user Industry (Residential, Commercial, and Industrial), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Acrylic Flooring Adhesives Market
Data Bridge Market Research analyses that the acrylic flooring adhesives market will witness a CAGR of 4.5% for the forecast period of 2022-2029 and would reach an estimated value of USD 3,211.76 million by 2029 in the forecast period. Data Bridge Market Research report on acrylic flooring adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Acrylic flooring adhesives are the adhesives that are applied on the surfaces with an aim to lubricate them, polish them, and prevent their decaying. Acrylic flooring adhesives are used in both residential flooring, and non-residential flooring.
Growing investments by the construction industry, particularly in the residential and commercial sectors is expected to drive market growth over the forecast period. The shifting trend toward renovation of existing buildings, driven by rising disposable income and a desire for a more aesthetically pleasing appearance, is driving product demand. Furthermore, government initiatives aimed at economic recovery is boosting the construction industry's growth and positively influencing flooring adhesives demand.
Environmental and federal agencies' increasingly stringent regulations have prompted industries research and development initiatives to develop bio-based adhesives based on consumer preferences. Bio-based products have lower carbon footprints, giving them a significant competitive advantage over synthetic alternatives. The market is being driven by rising demand for floor adhesives from the residential, commercial, and industrial sectors. Furthermore, rising demand for floor adhesives from the health care, food, automotive, and other industries is expected to propel the market in the near future.
The growing use of spray adhesive in the automotive industry for repairing hoardings and other interior accessories is expected to drive market demand over the forecast period. These are widely used in the production of various types of furniture. Furthermore, the expansion of the woodworking industry in developing economies is expected to drive market growth during the assessment period.
On the other hand, strict environmental safety guidelines and the volatility of raw material prices are few of the other factors that are impeding the growth of the acrylic flooring adhesives market over the forecast period. Furthermore, advancements in applications and products, as well as an increase in export, will provide potential opportunities for the growth of the acrylic flooring adhesives market in the coming years. However, the strict and time-consuming governing policies, as well as price controls to ensure affordability, may pose additional challenges to the growth of the acrylic flooring adhesives market in the near future.
This acrylic flooring adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on acrylic flooring adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Acrylic Flooring Adhesives Market Scope and Market Size
Acrylic flooring adhesives market is segmented on the basis of technology, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the acrylic flooring adhesives market is segmented into epoxy, acrylic, polyurethane, vinyl, and others.
- On the basis of technology, the acrylic flooring adhesives market is segmented into water-borne, solvent-borne, and others.
- On the basis of application, the acrylic flooring adhesives market is segmented into tile and stone, carpet, wood, laminate, resilient flooring, and others.
- On the basis of end user industry, the acrylic flooring Adhesives market is segmented into residential, commercial, and industrial.
Acrylic Flooring Adhesives Market Country Level Analysis
Acrylic flooring adhesives market is segmented on the basis of technology, application and end user industry.
The countries covered in the acrylic flooring adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific is expected to dominate the market in the forecast period due to the rising demand for flooring adhesives from the housing sectors of countries such as China and India is expected to drive the region's flooring adhesives market growth in the coming years. North America will register the fastest growth rate owing to the government initiatives to promote economic recovery which is resulting in infrastructure development investments, which are expected to fuel the region's adhesive demand over the forecast period.
The country section of the acrylic flooring adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acrylic Flooring Adhesives Market Share Analysis
The acrylic flooring adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to acrylic flooring adhesives market.
Some of the major players operating in the acrylic flooring adhesives market are Henkel Adhesives Technologies India Private Limited, H.B. Fuller Company, Arkema, Illinois Tool Works Inc., Sika AG, 3M, Huntsman International LLC., AVERY DENNISON CORPORATION, Pidilite Industries Ltd., TOAGOSEI CO., LTD., Permabond LLC., Dymax Corporation, Franklin International, PARKER HANNIFIN CORP., RPM International Inc., TONSAN Adhesive, Inc., Bostik SA, BASF SE and MAPEI S.p.A., among others.
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