Epoxy and polyurethane floorings are widely used in the commercial and industrial sectors

The floor adhesive market is projected to grow from USD 8.54 Billion in 2017 to USD 11.01 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The growth of the floor adhesive market is driven by advancements in flooring materials used in the residential, commercial, and industrial sectors. Epoxy and polyurethane floorings are widely used due to their high resistance to chemicals, temperature, and abrasion. These floorings are widely used in the healthcare, food, and automotive industries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37475603

Epoxy adhesives consist of an epoxy resin and hardener. These adhesives are available in one-part, two-part, and film form. Epoxy adhesives form an extremely strong and durable bond with most materials. Toughened epoxy adhesives contain a dispersed physically separated but chemically attached rubber phase to improve fracture and impact resistance. The major reason for the increasing adoption of epoxy adhesives in the flooring industry is their capacity to provide a good balance of handling characteristics and superior physical properties. They adhere well to a wide variety of substrates.

Based on application, the floor adhesive market has been segmented into tile & stone, carpet, wood, vinyl, and sports & rubber, among others. The growth of the tile & stone application segment is driven by the increasing infrastructural development in emerging countries across the globe.

The floor adhesive market in Asia-Pacific expected to witness the highest growth during the forecast period. Emerging economies, such as China, India, South Korea, and various Southeast Asian countries are attracting several global players to establish their manufacturing base in Asia-Pacific. These manufacturers are competing to reach an extensive customer base in countries, such as China and India to cater to the increasing demand for adhesives from the residential and industrial sectors in these countries. Increased investments in infrastructural development in the region are expected to fuel the growth of the floor adhesive market in Asia-Pacific.

Speak with analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=37475603

Floor Adhesive Market worth 11.01 Billion USD- Global Forecast 2022

Floor adhesive are materials that are used to hold two surfaces together. These adhesives can be of diverse types, including urethane, acrylic, epoxy, silane modified polymer, and others. These adhesives are used in different flooring applications, such as tile & stone, carpet, wood, vinyl, and others.

The floor adhesive market is projected to grow from USD 8.54 Billion in 2017 to USD 11.01 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The growth of the floor adhesive market is driven by the increasing demand for these adhesives from the residential, commercial, and industrial sectors. Epoxy and polyurethane floorings are widely used in ,commercial and industrial sectors, due to their high resistance to chemicals, temperature, and abrasion. These floorings are widely used in the healthcare, food, and automotive, among other industries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37475603

Epoxy adhesives consist of an epoxy resin and hardener. These adhesives are available in one-part, two-part, and film form. Epoxy adhesives form an extremely strong and durable bond with most materials. The major reason for the increasing adoption of epoxy adhesives in the flooring industry is their capacity to provide a good balance of handling characteristics and superior physical properties. These adhesives adhere well to a wide variety of substrates.

Floor adhesive are extensively used to fix and joint tiles, marbles, and stones, among other materials. These adhesives provide high strength and durability and help prevent shrinkage cracks and slippages in a material. The growth of the tile & stone application segment is driven by the increasing infrastructural development in emerging countries across the globe.

The floor adhesive market in Asia-Pacific expected to witness the highest growth during the forecast period. Emerging economies, such as China, India, South Korea, and various Southeast Asian countries are attracting several global players to establish their manufacturing base in Asia-Pacific. These manufacturers are competing to reach an extensive customer base in countries, such as China and India to cater to the increasing demand for adhesives from the residential and industrial sectors in these countries. Increased investments in infrastructural development in the region are expected to fuel the growth of the floor adhesive market in Asia-Pacific.

Key players profiled in the floor adhesive market report are Mapei S.p.A. (Italy), Sika AG (Switzerland), Henkel AG (Germany), The Dow Chemical Company (U.S.), Wacker Chemie AG (Germany), Bostik SA (France), Forbo Holdings AG (Switzerland), Pidilite Industries Limited (India), H.B. Fuller (U.S.), and LATICRETE International, Inc (U.S.).

Mapei S.p.A. is one of the leading companies in the floor adhesive market. The company offers several types of floor adhesive for varied applications, such as ceramic and stone adhesives, timber flooring, resin floor covering, and decorative flooring, among others. Mapei Group acquired the Colombian company Productos Bronco S.A., which specializes in the production of waterproofing products, adhesives, sealants, and finishes. Mapei has strengthened its presence in South America with this acquisition. Mapei Construction Products India Ltd. expanded its presence in the Asia-Pacific by establishing a new production site in Vadodara in Gujarat (India).

Know More: https://www.marketsandmarkets.com/ResearchInsight/floor-adhesive-market.aspAcrylic

Mergers & Acquisition was the Key Strategy Adopted by the Leading Market Players to Achieve Growth in the Floor Adhesive Market

Floor adhesive is materials that are used to hold two surfaces together. These adhesives can be of diverse types, including urethane, acrylic, epoxy, silane modified polymer, and others. These adhesives are used in different flooring applications, such as tile & stone, carpet, wood, vinyl, and others.

Key players operating in the floor adhesive market have adopted various strategies to strengthen their position in the market. Mergers & acquisition was the key strategy adopted by the leading market players to achieve growth in the floor adhesive market between 2014 and 2017. Key players in the market also adopted strategies, such as investments and expansions, new product launches, partnerships & collaborations, and agreements to increase their shares in the floor adhesive market and strengthen their distribution networks.

To know about the assumptions considered for the study, download the pdf brochure

Mapei S.p.A. (Italy), Sika AG (Switzerland), Henkel AG (Germany), Bostik SA (France), H.B. Fuller (U.S.), The Dow Chemical Company (U.S.), Wacker Chemie AG (Germany), Forbo Holdings AG (Switzerland), Pidilite Industries Limited (India), Ardex Group (Germany), and Franklin International (U.S.) are some of the leading players in the floor adhesive market.

Mapei S.p.A. is one of the leading companies in the floor adhesive market. The company offers several types of floor adhesive for varied applications, such as ceramic and stone adhesives, timber flooring, resin floor covering, and decorative flooring, among others. Mapei Group acquired the Colombian company Productos Bronco S.A., which specializes in the production of waterproofing products, adhesives, sealants, and finishes. Mapei has strengthened its presence in South America with this acquisition. Mapei Construction Products India Ltd. expanded its presence in the Asia-Pacific by establishing a new production site in Vadodara in Gujarat (India).

In 2016, Bostik SA expanded its cementitious products manufacturing capacities at its Seremban plant in Malaysia. The plant specializes in cement-based construction products, such as adhesives and sealants for tiles and expansion joint sealants for flooring. In May 2017, Bostik acquired floor preparation systems of CGM, Inc. The acquisition is a part of Bostiks strategy to expand in the growing US construction market and offer its customers a complete range of innovative solutions in the flooring market.

In 2016, Sika AG acquired L.M. Scofield (U.S.) and Ronacrete Ltd. L.M (Hong Kong). Scofield is a leading producer of color additives for ready-mix concrete. The acquisition will help Sika AG in the production of different concrete flooring products. Ronacrete Ltd. is one of the leading suppliers of repair mortars, tile adhesives, and other mortar products in Hong Kong. The acquisition of the company will strengthen the position of the company in the floor adhesive market.

Related Reports:

Floor Adhesive Market by Type (Epoxy, Urethane, Acrylic, and Vinyl), Application (Tile & Stone, Carpet, Wood, and Laminate), Technology (Water-based, Solvent-based and Hot-melt based), and Region – Global Forecast to 2022