Global Floor Adhesive Market was valued US$ 10.02 Bn in 2019 and the total revenue is expected to grow at 5.30% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Adhesives are modernizing the world of flooring. It has an exclusive property of wetting the substance, raising the strength after application, and the capability to transmit load between two bases. The global floor adhesive market is driven by the rising demand for adhesives in end-use industries such as residential, commercial, and industrial sectors. However, stringent environmental guidelines may restrain market growth at the global level. Economic development and increasing government spending on Infrastructural growth, and rising demand for non-hazardous, green, and sustainable floor adhesives are projected to create beneficial growth opportunities for key players in the market. Instability in raw material prices are the major challenge for the floor adhesive market in the near future.
Based on the type, the floor adhesive market has segmented into epoxy, acrylic, polyurethane, vinyl, and others. The acrylic segment has led the floor adhesive market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Acrylic is the most generally utilized floor adhesive primarily due to its superior properties containing better bond and suitability for different landscapes. It significantly increases throughput and productivity. These adhesives can withstand extreme temperatures, build strength rapidly, and resist impact and peel. It even provides the flexibility of installing over porous and nonporous substrates. Acrylic Adhesives are suitable for bonding most aluminum, plastics, steel, and oily metal surfaces.
Geographically, the Floor Adhesive market has segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to grow at a CAGR of XX% during the forecast period owing to the presence of key players and emerging economies in the region. Developing countries such as India, China, Japan, South Korea, and Asian countries are successfully contributing to the regional market growth. Several key players are set up their manufacturing plant in the emerging economies due to low manufacturing cost in the Asia Pacific, will positively impact on the market growth over the forecast period. Changing living standards and increasing disposable income in the Asia Pacific have derived product demand in the infrastructure industry. The product finds various applications in the automotive industry such as carpet attachment, padding, sound deadeners, composite bonding, and accessory bonding will impelling the floor adhesives market growth in the Asia Pacific. The rising investments in research and development activities for the introduction of the advanced type of adhesives are predicted to accelerate the growth of this region in the near future.
The objective of the report is to present a comprehensive analysis of the Global Floor Adhesive Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Floor Adhesive Market dynamics, structure by analyzing the market segments and project the Global Floor Adhesive Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Floor Adhesive Market make the report investor’s guide.
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Global Floor Adhesive Market, by Type:
Global Floor Adhesive Market, by Technology:
• Water-Based Adhesive
• Solvent-Based Adhesive
• Hot-Melt Based Adhesive
Global Floor Adhesive Market, by Application:
• Tile & Stone
Global Floor Adhesive Market, by End-User:
Global Floor Adhesive Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Floor Adhesive Market, Major Players:
• Mapei S.p.A.
• Henkel AG
• Sika AG
• The Dow Chemical Company
• Bostik SA
• Wacker Chemie AG
• Forbo Holdings AG
• Ardex Group
• Pidilite Industries Limited
• H.B. Fuller
• Laticrete International, Inc.
• Illinois Tool Works Inc.
• TecDura Surface Protection Systems
• Du Pont
• Huntsman International LLC.
• BASF SE
• Roberts Consolidated Industries, Inc.
• Bona Orgnr
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