United States Floor Adhesive Market Outlook and Forecast till 2027
The?United States Floor Adhesive Market?is projected to grow at a strong CAGR during 2023-2027. The United States is one of the largest construction markets globally, positive trends in the majorly residential market are the main driver of the booming construction industry growth. In 2021, private construction spending reached more than USD 900 Billion.??Growth in the construction market is one of the major drivers for the growth in the floor adhesives market in the country.
The United States floor adhesives market is segmented based on the material type as Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives. In 2021, Polyurethane adhesives dominated the United States floor adhesives market since it is widely used in wood flooring applications. Whereas, Acrylic adhesives are expected to witness the highest growth during the forecast period owing to their increased usage in LVT flooring and carpet applications.
Based on technology, the market has been segmented into Water-Based Adhesive, Hot-Melt Adhesive, and Solvent-Based Adhesive. In 2021, Water-based technology dominated the market and is projected to grow at the highest rate during 2023-2027 as well owing to stringent regulations regarding reducing VOC emissions in the country to make a safe environment.
The objective of the Study:
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Some of the leading players in the United States Floor Adhesive Market?are Bostik SA, Mapei S.P.A., Laticrete International Inc., Forbo Holding AG, Wacker Chemie AG, The DOW Chemical Company, Henkel AG & Co. KGaA, Sika AG, Pidilite Industries Limited, BASF, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the United States. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the United States.
TechSci Research calculated the market size of the United States?Floor Adhesive Market?using?a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute
Details
Base Year
2021
Historical Years
2017?– 2020
Estimated Year
2022E
Forecast Period
2023F – 2027F
Quantitative Units
Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F
Report Coverage
Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered
Region Scope
South-Region, West-Region, Mid-West Region & Northeast-Region
Key Companies Profiled
Bostik SA, Mapei S.P.A., Laticrete International Inc., Forbo Holding AG, Wacker Chemie AG, The DOW Chemical Company, Henkel AG & Co. KGaA, Sika AG, Pidilite Industries Limited, BASF
Customization Scope
10% free report customization with purchase. Addition or alteration to regional & segment scope.
Pricing and Purchase Options
Avail customized purchase options to meet your exact research needs.?Explore purchase options
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Report Scope:
In this report, United States Floor Adhesive Market?has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles:?Detailed analysis of the major companies present in Floor Adhesive Market.
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Table of Content
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5.1.??Product Awareness
5.2.??Product Pricing
5.3.??Challenges & Unmet Needs
5.4.??Factors Influencing the Purchase Decision
7.1.??Market Size & Forecast
7.1.1.?????By Value & Volume
7.2.??Market Share & Forecast
7.2.1.?????By Resin Type (Polyurethane Adhesive, Epoxy Adhesive, Vinyl Adhesive, Acrylic Adhesive and Others)
7.2.2.?????By Technology (Water-Based Adhesive, Hot-Melt Adhesive and Solvent-Based Adhesive)
7.2.3.?????By End-Use (Residential, Industrial and Commercial)
7.2.4.?????By Application (Wood, Carpet, Laminate, Tile & Stone and Others)
7.2.5.?????By Region
7.2.6.?????By Company
7.3.??Market Attractiveness Index
8.1.??Market Size & Forecast
8.1.1.?????By Value & Volume
8.2.??Market Share & Forecast
8.2.1.?????By Technology
8.2.2.?????By Application
8.2.3.?????By Country
8.3.??Market Attractiveness Index
9.1.??Market Size & Forecast
9.1.1.?????By Value & Volume
9.2.??Market Share & Forecast
9.2.1.?????By Technology
9.2.2.?????By Application
9.2.3.?????By Country
9.3.??Market Attractiveness Index
10.1.??????????????Market Size & Forecast
10.1.1.??By Value & Volume
10.2.??????????????Market Share & Forecast
10.2.1.??By Technology
10.2.2.??By Application
10.2.3.??By Country
10.3.??????????????Market Attractiveness Index
11.1.??????????????Market Size & Forecast
11.1.1.??By Value & Volume
11.2.??????????????Market Share & Forecast
11.2.1.??By Technology
11.2.2.??By Application
11.2.3.??By Country
11.3.??????????????Market Attractiveness Index
13.1.??????????????Drivers
13.2.??????????????Challenges
17.1.??????????????Competition Outlook
17.2.??????????????Company Profiles (Top 10 Companies)