Global Floor Adhesive Market Overview
Floor Adhesive Market Size was estimated at 3.16 (USD Billion) in 2022. The Floor Adhesive Market is expected to grow from 3.25 (USD Billion) in 2023 to 4.2 (USD Billion) by 2032. The Floor Adhesive Market CAGR (growth rate) is expected to be around 2.89% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Floor Adhesive Market Trends Highlighted
The global floor adhesive market is witnessing a surge in demand due to the rising construction activities across residential and commercial sectors. The growing preference for eco-friendly and sustainable solutions is driving the adoption of solvent-free and water-based floor adhesives.
Additionally, the advancements in technology and the introduction of high-performance adhesives that provide enhanced bonding strength, durability, and moisture resistance are contributing to market growth.
Key market drivers include the increasing demand for vinyl flooring, which requires specialized adhesives for optimal performance. The growing trend of renovations and remodeling projects is also fueling market demand.
Opportunities lie in the exploration of bio-based and recycled materials for sustainable adhesive development.
Recent trends in the floor adhesive market include the increasing adoption of self-leveling adhesives for smoother and even floor surfaces. UV-curable adhesives are gaining traction due to their rapid curing time and strong adhesion properties.
Furthermore, the use of nanotechnology in adhesives is enhancing their performance and creating new avenues for growth.
Floor Adhesive Market Drivers
Rising Demand for Floor Coverings
The increasing popularity of floor coverings such as tiles, laminates, and carpets is driving the demand for floor adhesives.
These coverings enhance the aesthetics, durability, and comfort of floors in residential, commercial, and industrial settings.
The growing construction and renovation activities worldwide contribute to the surge in floor covering installations, which in turn fuels the market for floor adhesives.
Technological Advancements and Product Innovations
The current trend of the Global Floor Adhesive Market is the application of the latest technologies which leads to the development of high-performance adhesives having better flexibility, water-resistance and bonding strength for different flooring materials.
Also, the green and sustainability trend is followed by the manufacturers to develop eco-friendly adhesives.
Expansion of the Construction Sector
The Global Floor Adhesive Market is driven by the growing construction industry, especially in developing regions.
The number of new construction, renovation and remodeling activities have propelled the floor adhesives market.
The expansion of residential, commercial, and infrastructure projects globally has been a general boost to the market.
Floor Adhesive Market Segment Insights:
Floor Adhesive Market Type Insights
The global floor adhesive market is segmented by type into water-based, solvent-based, hot melt pressure sensitive, and polymer dispersion.
Among these, the water-based segment held the largest share of the market in 2023 and is expected to continue to dominate the market during the forecast period.
The growth of this segment can be attributed to the increasing demand for eco-friendly and sustainable products, as well as the growing popularity of water-based adhesives in residential and commercial applications.
The solvent-based segment is expected to witness significant growth over the forecast period due to the increasing demand for high-performance adhesives in industrial applications.
Solvent-based adhesives offer superior bonding strength and durability, making them ideal for use in demanding applications such as bonding metal, wood, and plastic.
The hot melt pressure-sensitive segment is expected to experience moderate growth over the forecast period due to the increasing adoption of pressure-sensitive adhesives in packaging and labeling applications.
Hot melt pressure-sensitive adhesives offer excellent adhesion to a variety of substrates and can be easily applied using automated equipment.
The polymer dispersion segment is expected to witness steady growth over the forecast period due to the increasing demand for high-performance adhesives in the automotive and construction industries.
Polymer dispersion adhesives offer excellent bonding strength, durability, and resistance to chemicals and moisture.
Overall, the global floor adhesive market is expected to witness moderate growth over the forecast period, driven by the increasing demand for eco-friendly, high-performance, and versatile adhesives in a wide range of applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Floor Adhesive Market Substrate Insights
By Substrate Based on the substrate, the global floor adhesive market is segmented as concrete, wood, ceramic tile, vinyl, and laminate.
Among these, the Concrete segment acquired the highest revenue share in 2023, and it is anticipated to expand at a significant rate over the forecast period. The growth of the segment can be attributed to the stable demand for concrete in the construction of residential, commercial, and industrial buildings.
The Wood segment is expected to record substantial growth over the forecast period, as there is rapid growth in the adoption of wood flooring in residential and commercial applications.
The Ceramic Tile segment is projected to grow at a steady pace due to the high demand for ceramic tiles in bathrooms, kitchens, and other places, where there is a need for their durability and moisture resistance.
The Vinyl and Laminate segments are expected to expand at a steady rate due to their low cost and high ease of installation.
Floor Adhesive Market Application Insights
Residential applications accounted for the largest share of the Global Floor Adhesive Market in 2023, with a market value of USD 1.25 billion.
This dominance is primarily attributed to the increasing demand for floor adhesives in residential construction projects, including new home construction, renovations, and repairs.
The growing popularity of do-it-yourself (DIY) projects and the rising disposable income of homeowners have further fueled the demand for residential floor adhesives.
Commercial applications represent the second-largest segment, driven by the growing construction of commercial buildings, such as offices, retail stores, and hospitality facilities.
Industrial applications, on the other hand, are expected to experience significant growth due to the increasing demand for floor adhesives in industrial settings, such as factories, warehouses, and manufacturing plants.
Floor Adhesive Market Curing Mechanism Insights
Moisture-cured floor adhesives dominate the market with over 60% of revenue share globally. These adhesives cure through the reaction with moisture in the air or substrate and are known for their excellent adhesion to various surfaces, easy application, and cost-effectiveness.
Solvent-cured adhesives, on the other hand, are expected to witness significant growth during the forecast period, primarily driven by their fast-curing time and high strength.
Heat-cured adhesives, while accounting for a smaller market share, are preferred for applications requiring high-temperature resistance and durability.
Radiation-cured adhesives offer unique advantages, such as rapid curing and low VOC emissions, but their use is currently limited due to higher costs and specialized equipment requirements.
Floor Adhesive Market End Use Insights
The End Use segment of the Global Floor Adhesive Market is classified into Flooring Installation, Flooring Repair, and Flooring Maintenance.
Flooring Installation is projected to hold the largest market share in 2023, driven by the increasing demand for new construction and renovation projects.
Flooring Repair is expected to witness significant growth due to the rising number of damaged or worn-out floors in both residential and commercial buildings.
Floor Maintenance is estimated to grow steadily, supported by the growing awareness of the importance of maintaining floor surfaces in good condition.
In 2023, the Global Floor Adhesive Market for Flooring Installation is estimated to be valued at 1.2 billion USD and is projected to reach 1.5 billion USD by 2032, exhibiting a CAGR of 2.5%.
The Flooring Repair market is valued at 0.8 billion USD in 2023 and is expected to grow to 1.1 billion USD by 2032, with a CAGR of 3.2%.
The Flooring Maintenance market is anticipated to expand from 0.6 billion USD in 2023 to 0.8 billion USD by 2032, registering a CAGR of 2.8%.
The increasing demand for floor adhesives in various end-use applications, coupled with the growing construction industry, is driving the growth of the Global Floor Adhesive Market.
Furthermore, the rising awareness of the benefits of floor adhesives, such as their ability to enhance the durability and aesthetics of floors, is contributing to market growth.
Floor Adhesive Market Regional Insights
The regional segmentation of the Global Floor Adhesive Market provides insights into the market's performance across different geographic regions. North America is expected to dominate the market in 2023, with a revenue of USD 1.25 billion.
Europe is projected to follow with a revenue of USD 1.1 billion, while APAC is anticipated to grow at a CAGR of 3.2% from 2023 to reach USD 1.05 billion by 2032.
South America and MEA are also expected to contribute to the market growth, with revenues of USD 0.45 billion and USD 0.35 billion, respectively, in 2023.
These regional insights are crucial for businesses operating in the Global Floor Adhesive Market, as they help identify potential growth opportunities and tailor strategies to specific regional markets.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Floor Adhesive Market Key Players and Competitive Insights:
Floor Adhesive Market major players constantly strive to gain a competitive edge by launching new products, expanding their geographical presence, and building strategic partnerships.
Major players on the market are investing a lot in developing high-tech adhesives that will serve more and more dynamic needs of various customers.
Therefore, the Floor Adhesive Market's major developments in the coming years are expected to see significant traction as manufacturers work hard to develop technologically advanced adhesives.
The Floor Adhesive Market competitive landscape is featured by the presence of global behemoths along with some prominent regional and local players.
Increasing their distribution networks and narrowing the customer base will help major players to capture a larger market share. Singapore, flooring adhesives market is defined by several renowned international companies and local giants such as Henkel AG & Co. KGaA and Sika AG among others.
Henkel AG & Co. KGaA is one of the prominent suppliers of adhesive technologies in Singapore. Consequently, the company offers various types of floor adhesive products across the globe.
Henkel AG & Co. KGaA offers hundreds of floor adhesives worldwide for use in different applications.
Flooring solutions include, among others, pressure-sensitive, water-based, and solvent-based. Being an innovation- and customer-orientated solvent-free adhesives provider, the company has managed to maintain its strong market position in Singapore.
Henkel’s global presence has allowed for the ability to produce and to import adhesives to various regions and countries with an extensive distribution network that supports the global construction market.
In turn, Sika AG, one of the competitors from Germany, is a core European supplier of high-end construction and chemical solutions.
Their floor solutions include a variety of adhesives and materials. The company is known for its continuous dedication to sustainability and the environment.
Through this, the reputation of green construction material providers was achieved, thus contributing to brand development and growth in the global market.
Key Companies in the Floor Adhesive Market Include:
- Wacker Chemie AG
- Henkel AG Co. KGaA
- BASF SE
- DowDuPont Inc.
- RPM International Inc.
- Mapei SpA
- B. Fuller Company
- Saint-Gobain S.A.
- 3M Company
- Huntsman Corporation
- Ashland Global Holdings Inc.
- Sika AG
- Avery Dennison Corporation
- Arkema SA
- Bostik SA
Floor Adhesive Market Developments
The increasing construction activities, particularly in emerging economies, are driving market growth. Rising demand for eco-friendly and sustainable building materials is also contributing to the market's expansion.
Recent news developments include the launch of new products with enhanced properties, such as improved bonding strength and water resistance.
Strategic partnerships and acquisitions among key players are also shaping the market landscape. For instance, in 2023, Henkel acquired the floor adhesive business of Sika to strengthen its position in the market.
Major players in the market include Henkel, Bostik, Sika, Mapei, and BASF. These companies are focusing on innovation and expanding their product portfolios to meet the evolving needs of the construction industry.
Floor Adhesive Market Segmentation Insights
Floor Adhesive Market Type Outlook
- Water-Based Floor Adhesive
- Solvent-Based Floor Adhesive
- Hot Melt Pressure Sensitive Floor Adhesive
- Polymer Dispersion Floor Adhesive
Floor Adhesive Market Substrate Outlook
- Concrete
- Wood
- Ceramic Tile
- Vinyl
- Laminate
Floor Adhesive Market Application Outlook
- Residential
- Commercial
- Industrial
Floor Adhesive Market Curing Mechanism Outlook
- Moisture-Cured
- Solvent-Cured
- Heat-Cured
- Radiation-Cured
Floor Adhesive Market End Use Outlook
- Flooring Installation
- Flooring Repair
- Flooring Maintenance
Floor Adhesive Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Floor Adhesive Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.16(USD Billion) |
| Market Size 2023 |
3.25(USD Billion) |
| Market Size 2032 |
4.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.89% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Wacker Chemie AG, Henkel AG Co. KGaA, BASF SE, DowDuPont Inc., RPM International Inc., Mapei SpA, H.B. Fuller Company, Saint-Gobain S.A., 3M Company, Huntsman Corporation, Ashland Global Holdings Inc., Sika AG, Avery Dennison Corporation, Arkema SA, Bostik SA |
| Segments Covered |
Type, Substrate, Application, Curing Mechanism, End Use, Regional |
| Key Market Opportunities |
Water-based adhesives expansion Growing demand for LVT flooring Innovations in sustainable adhesives Rising urbanization and infrastructure Increasing DIY home improvement projects |
| Key Market Dynamics |
Rising construction activities, technological advancements, growing urbanization, increasing disposable income, and environmental regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Floor Adhesive Market is expected to reach a valuation of USD 3.25 billion in 2023 and is projected to grow at a CAGR of 2.89% to reach USD 4.2 billion by 2032.
The Asia Pacific region is expected to dominate the Global Floor Adhesive Market throughout the forecast period. This dominance can be attributed to the increasing construction activities in the region, particularly in developing countries like China and India.
Floor Adhesive finds applications in various sectors, such as residential, commercial, and industrial. In the residential sector, it is used for installing flooring in homes, apartments, and other residential buildings. In the commercial sector, it is used in offices, retail stores, hospitals, and other commercial establishments. In the industrial sector, it is used in factories, warehouses, and other industrial facilities.
Some of the key players in the Global Floor Adhesive Market include Bostik, Henkel, Sika AG, Mapei, and Ardex. These companies offer a wide range of Floor Adhesive products to meet the diverse needs of customers.
The growth of the Global Floor Adhesive Market is driven by several factors, including increasing construction activities, rising disposable income, and growing demand for high-quality flooring materials. The increasing urbanization and industrialization in various regions also contribute to the market growth.
The Global Floor Adhesive Market faces challenges such as fluctuating raw material prices, intense competition, and stringent environmental regulations. The market is also impacted by the availability of substitutes and the economic slowdown in certain regions.
Key trends in the Global Floor Adhesive Market include the growing demand for eco-friendly and sustainable products, the increasing adoption of advanced technologies, and the emergence of new distribution channels. The market is also witnessing a shift towards online platforms for product sales and marketing.
The Global Floor Adhesive Market is expected to grow at a CAGR of 2.89% from 2024 to 2032.
The residential application segment is expected to hold the largest market share throughout the forecast period, owing to the increasing construction of new homes and the renovation of existing ones.
The COVID-19 pandemic had a significant impact on the Global Floor Adhesive Market, leading to a slowdown in construction activities and a decline in demand for Floor Adhesive products. However, the market is expected to recover as construction activities resume and the global economy recovers.
