Flooring Adhesives Market To Scale New Growth Heights with Revenue $7.1 Billion By 2027 “The global flooring adhesives market size is expected to touch USD 7.1 billion by 2027 and is estimated to expand at a CAGR of 5.4% over the forecast period 2020 to 2027. The growing numbers of renovation and construction projects are projected to foster the demand for flooring adhesives in the next few years.”
The Global Flooring Adhesive Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Flooring Adhesive Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. Flooring Adhesive Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of Flooring Adhesive Market based on current & future analysis depending on historic data also featured in this Report. The global flooring adhesives market size is expected to touch USD 7.1 billion by 2027 and is estimated to expand at a CAGR of 5.4% over the forecast period 2020 to 2027. The growing numbers of renovation and construction projects are projected to foster the demand for flooring adhesives in the next few years. Resilient flooring types are widely used for improving aesthetics and comfort in outdoor floors, bedrooms and living rooms. Cork and rubber type products are used for protecting fragile & heavy objects in flooring spaces. For example, gym floors are made using resilient materials to provide high resistance for gym weights & instruments.
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The growing consumer focus on aesthetic appeal in the interior design along with increasing spending is driving the market growth. However, changing international trade policy may hamper the pricing of the product, which in turn, is expected to negatively impact market growth. Synthetic grass or artificial turf is now widely utilized or flooring applications. These flooring solutions are used in making courts in different sports. In addition, these materials are also used in gardens, lawns, terrace and balconies in commercial & residential sectors. Moreover, supportive government initiatives along with the growing trend of outdoor sports are gaining traction. All these key factors are anticipated to foster floor adhesives market growth. Companies in the market are facing issues owing to changes in raw materials prices. Thus, the players are focusing on developing their own distribution network to compete with others. This is projected to further increase competition among players. Participants in the industry are engaged in new product innovation and invest in R&D developments to remain competitive in the market. Additionally, the rising penetration of products through an organized retail network is offering growth opportunities for players in the industry.
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Further key findings from the report suggest: • Asia Pacific is anticipated to dominate the market during the forecast period, 2020 to 2027. • Middle East & Africa market is projected to register a CAGR of 4.6% over the forecast period. The growing construction & building infrastructure in countries such as the UAE and Qatar is boosting regional growth. • The resilient flooring application segment contributed to a market share of more than 53.0% in 2019.
• Key players include Sika AG, H.B. Fuller, Henkel AG, Bostik, Pidilite Industries, Wacker Chemie AG, and Mapei S.p.A. Million Insights has segmented the global flooring adhesives market on the basis of resin, application, end-use and region: Flooring Adhesives Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • Acrylic • Polyurethane • Polyvinyl Acetate • Others Flooring Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • Resilient Flooring • Wooden Flooring • Laminate Flooring • Others
Flooring Adhesives End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • Residential • Commercial • Industrial Flooring Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • North America • U.S. • Canada • Mexico • Europe • U.K. • Germany • France • Asia Pacific • China
• Japan • India • Central & South America • Brazil • Middle East & Africa • Saudi Arabia List of Key Players in Flooring Adhesives Market • Henkel AG • Sika AG • H.B. Fuller • The Dow Chemical Company • Mapei S.p.A. • Pidilite Industries • Bostik • Wacker Chemie AG Table of Contents:Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Flooring Adhesive: Market Variables, Trends & Scope Chapter 4 Flooring Adhesive: Product Estimates & Trend Analysis Chapter 5 Flooring Adhesive: Application Estimates & Trend Analysis Chapter 6 Flooring Adhesive: End-use Estimates & Trend Analysis Chapter 7 Flooring Adhesive: Industrial End-use Estimates & Trend Analysis Chapter 8 Flooring Adhesive: Regional Estimates & Trend Analysis Chapter 9 Competitive Landscape Chapter 10 Flooring Adhesive: Manufacturers Company Profiles
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