Flooring Adhesives Market Players Embrace Sustainability


LONDON, April 21, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the flooring adhesives market, flooring adhesive companies are increasingly adopting sustainable processes and environmentally friendly to eliminate the negative impact of chemical manufacturing on the environment, focus on reducing emissions of volatile organic compounds (VOCs). For example, building materials when exposed to high temperatures or high humidity levels emit high VOCs. Advances in technology and chemical science have allowed adhesive companies to manufacture products from natural raw materials such as starch, resins, lignin and proteins. These materials ensure that the products have a lower carbon footprint. Biodegradable adhesives are prepared to be broken down by microorganisms and bacteria. The degradation process produces carbon dioxide, water and other environmentally defined natural gases. The companies emphasize green building, which refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact.

For example, BASF, a German multinational chemical company, has developed new binders for flooring adhesives in its ACRONAL range that offer exceptional performance while minimizing environmental impact.

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The global flooring adhesives market share is expected to grow from $6.57 billion in 2021 to $7.27 billion in 2022 at a compound annual growth rate (CAGR) of 10.70%. The growth of the global flooring adhesives market is expected to reach $9.56 billion in 2026 to CAGR of 7.07%.

The increase in infrastructure development in emerging countries has contributed significantly to the growth of the flooring adhesives market. With an increase in the world’s population, there has been an increased demand for housing, which in turn has increased the demand for flooring adhesives for various applications such as floor fixing, roof fixing and fixing panels. Flooring adhesive can also be mixed with cement for better adhesion. Governments in emerging countries like Brazil and India have invested in residential construction to provide affordable housing for all. According to the World Bank, in South Asia, the urban population is expected to increase by 250 million by 2030. According to a PwC report, around 60% of the world’s population is expected to live in cities by 2030. This rapid urbanization is is expected to drive the demand for infrastructure and boost the flooring adhesives market.

The major players in the flooring adhesives market are Mapei SpA, Sika AG, Henkel AG, The Dow Chemical Company, Wacker Chemie AG, Bostik SA, Forbo Holdings AG, Pidilite Industries Limited, HB Fuller, LATICRETE International Inc., Pidilite Industries, Dupont De Nemours Inc., Parker-Hannifin Corp, Arkema Group, tesa SE-A ​​Beiersdorf Company, 3M, Illinois Tool Works Inc., TecDura Surface Protection Systems, Bostik India Pvt. Ltd., and Ardex, Franklin.

The global Flooring Adhesives market overview is segmented by Type into Urethane, Epoxy, Acrylic, Vinyl, Others; by application on tiles and stone, carpet, wood, laminate, others; by technology in water-based adhesive, solvent-based adhesive, hot-melt adhesive; by the end user in residential, commercial, industrial.

According to the flooring adhesives market analysis, Asia Pacific was the largest market region in 2021. Asia Pacific should be the fastest growing region in the global flooring adhesives market over the forecast period. Regions covered in the Global Flooring Adhesives Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle -East and Africa.

Global Flooring Adhesives Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Flooring Adhesives Market , Analyze Flooring Adhesives Market and forecast market size and growth for the overall market, Flooring Adhesives Market segments and geographies, Flooring Adhesives Market trends, drivers of the Flooring Adhesives Market, Flooring Adhesives Market Constraints, Revenues, Profiles and Market Share of Top Flooring Adhesives Market Competitors in 1000+ Industry Reports Covering 2500+ market segments and 60 geographies.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

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