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This report, from Stratview Research, studies the North American floor adhesives market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Presents a Research Report on North American Floor Adhesives Market North American Floor Adhesives Market by Material Type (Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives), by Application Type (Tile & Stone, Carpet, Wood, Laminates, Vinyl Flooring, and Others), by Technology Type (Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives), by End-User Type (Residential, Commercial, and Industrial), and by Region (the USA, Canada, and Mexico), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
North American Floor Adhesives Market Growth and Forecast Highlights & Drivers The North American floor adhesives market is projected to reach an estimated value of US$ 1,138.6 million in 2024. • The upward trajectory of the floor adhesives market in the region is likely to continue with attractive growth opportunities in the entire ecosystem of the market in the coming years. • Growing North American construction industry, an increasing consumption of adhesives in North America, increasing usage of water-based adhesives in order to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and ability of adhesives to bond dissimilar materials are the driving factors that are burgeoning the growth of floor adhesives in the North American market. • The market dynamics of floor adhesives in North America is different than that of other parts of the world. The region has an overall high penetration of adhesives in flooring applications as compared to Asia-Pacific, which is the largest flooring adhesives market. • The USA is likely to maintain its leading position in the region during the forecast period, whereas Mexico is expected to witness the highest growth in the foreseeable future. • www.stratviewresearch.com 2
Market Insights By Material Type • Polyurethane adhesives currently dominated the North American floor adhesives market, driven by its higher usage in wood flooring applications. • Acrylic adhesives are likely to witness the highest growth during the same period, owing to their increased usage in LVT flooring and carpet applications. By Application Type • Wood flooring is likely to be the dominant application type in the regional floor adhesives market during the forecast period. • There is increasing usage of adhesives instead of mechanical fastening systems in wood flooring application. Wood flooring requires more adhesive content per square feet, which further elevates the demand for adhesives in the segment. By Technology Type • Water-based technology currently dominates the North American floor adhesives market. • The technology type is also likely to grow at the highest rate during the forecast period, driven by stringent regulations regarding reducing VOC emissions in order to create a safer environment. www.stratviewresearch.com 3
Market Insights By Region • The USA is likely to maintain its leading position in the region during the forecast period, whereas Mexico is expected to witness the highest growth in the foreseeable future. www.stratviewresearch.com 4
Competitive Insights Key Companies Analysed • 3M • Ardex GmbH • Arkema Inc. (Bostik) • BASF SE • Bona AB • DowDuPont Inc. • H. B. Fuller Company • Henkel AG & Co. KGaA • Huntsman Corporation • Mapei Corporation • Sika AG • Roberts Consolidated Industries Inc. • W. F. Taylor Co., Inc. www.stratviewresearch.com 5
Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Stratview Research Internal Knowledgebase Secondary Research Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others Data Analysis (Top Down and Bottom Up Approach) Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) www.stratviewresearch.com 6
Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: Market structure: Overview, industry life cycle analysis, supply chain analysis. • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors. • www.stratviewresearch.com 7
Market Segmentation By Material Type • Epoxy Adhesives • Acrylic Adhesives • Polyurethane Adhesives • Vinyl Adhesives • Others By Application Type • Tile & Stone • Carpet • Wood • Laminate • Vinyl Flooring • Others www.stratviewresearch.com 8
Market Segmentation By Technology Type • Water-Based Adhesives • Solvent-Based Adhesives • Other Adhesives By Technology Type • Water-Based Adhesives • Solvent-Based Adhesives • Other Adhesives By Region • The USA • Canada • Mexico www.stratviewresearch.com 9
About Stratview Research Stratview Research is a global market intelligence firm providing high quality syndicated reports, custom research and consulting services. Our Services Why Us? High Customer Delight Market Reports Rich Industry Experience Advisory & Consulting Robust Methodology Custom Research Effective Business Decisions www.stratviewresearch.com 10
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