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Asia Pacific Floor Adhesive Market Size to gain remarkable traction from construction industry

Author : Ronak Bora | Published Date : 2019-07-04 

Rapid industrialization and urbanization in Asia Pacific which is attributed to growing population has propelled construction industry which in turn will have positive impact on the floor adhesive market size during the forecast period. This is primarily due to the fact that it is one of the main element in the construction industry for floor setting, panel setting and insulation owing to its excellent adhesion properties. Moreover, rising disposable income and improving living standards in Asia Pacific has propelled product demand in the infrastructure industry owing to its wide-ranging applications in interior decoration which in turn will drive floor adhesives market size by 2024.

Based on type, the floor adhesive market size is segmented into epoxy, urethane, acrylic, vinyl and others such as polyvinyl acetate, polyurethane etc. Acrylic is the most commonly used floor adhesive primarily due to its superior properties including better adhesion and suitability for multiple terrains. It offers up front pressure sensitive properties and develops a strong bond to withstand heavy rolling loads. It even offers the flexibility of installing over porous and nonporous substrates.

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Based on application, the floor adhesive market size is segmented into tile & stone, carpet, wood, laminate and others including linoleum, cork etc. Product is extensively used in flooring applications for pasting the tile and stone floors. Most of the regions prefer the tile and stone flooring followed by wood.

Based on technology, the floor adhesive market size is segmented into water-based adhesive, solvent-based adhesive, hot-melt based adhesive and others (pressure sensitive adhesives, structural adhesives). Rising awareness for eco-friendly products is shifting focus from solvent-based adhesives to water-based adhesives which in turn will have positive impact on the water-based floor adhesives market size during the forecast timeframe.

Based on the end-user, the floor adhesive market is segmented into residential, commercial and industrial. Floor adhesives are available for almost every type of floorings, it is mostly used in residential and commercial purposes. Designer vinyl floorings are currently being used the most in houses which requires floor adhesives for its applications Growing awareness about environment and ability to cut cost is pushing floor adhesive market drastically.

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Floor Adhesive Market size is likely to grow at a moderate CAGR over the forecast period. Floor adhesives are one of the most important elements used across industrial, residential and commercial applications Product finds widespread applications in the aforementioned industries owing to its superior adhesion properties and cost effectiveness which makes it preferable in the current growing market. Welding, mechanical fastening etc. will make noteworthy contribution to floor adhesives market size during the forecast period.

Some of the leading floor adhesive market players are Bostik, BASF, The Dow Chemical Company, 3M Company, Sika, Du Pont, Huntsman, Pidilite and Henkel AG. In November 2017, Bostik wholly acquired XL Brands, it is a floor adhesive leader in North America to expand its market globally.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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