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According to Stratistics MRC, the Global Floor Adhesive Market is accounted for $8.12 billion in 2016 and is expected to reach $12.95 billion by 2023 growing at a CAGR of 6.9% during the forecast period. Rising usage of various types of flooring materials in commercial and industrial sector is one of the key factors fueling the market growth. However, strict government regulations and fluctuating raw material cost are the some of the factors hampering the market.
Wood Floor Adhesives work by creating a bond between the substrate and the flooring through a chemical reaction. While all adhesives work on the same principle of changing from a liquid to a solid state, they differ by the carrying agent or catalyst that activates them. The most common types of wood flooring adhesives include: Water based and Solvent based. Wood flooring adhesive solutions makes hardwood flooring installations faster, easier and smarter.
Waterbased adhesive is generally prepared from soluble synthetic or natural polymers. Water usually plays the role of carrier fluid to control the viscosity of adhesive particles useful for different substrates at different thicknesses. Waterbased adhesives combine long polymer chains with good coatability. Waterbased adhesives are widely used due to their low volatile organic content, and excellent shear strength, flexibility, and outstanding adhesion for diverse end user applications.
Asia Pacific is expected to grow at a fastest CAGR due to the increased investments in infrastructural development. Developing countries, such as China and India are attracting various key vendors to create new production in this region.
Some of the key players in Floor Adhesive market include Henkel AG Co. KGaA, Forbo Holding AG, Bostik SA, H.B Fuller Company, Mapei S.P.A, Pidilite Industries Limited, Sika AG, Wacker Chemie AG, Laticrete International, Inc. and The DOW Chemical Company.
Resin Types Covered:
Other Resin Types
HotMelt Based Adhesive
End Users Covered:
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East Africa
o Saudi Arabia
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements