Global Flooring Adhesive Market Size to worth USD 12.64 Billion by 2033: Market Study Report

Global Flooring Adhesive Market Size to worth USD 12.64 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Flooring Adhesive Market Size is Expected to Grow from USD 5.15 Billion in 2023 to USD 12.64 Billion by 2033, at a CAGR of 9.39% during the forecast period 2023-2033.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Flooring Adhesive Market Size, Share, and COVID-19 Impact Analysis, By Resin (Acrylic, Polyurethane, and Polyvinyl Acetate), By End-Use (Residential and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. 

The Flooring Adhesive involves the production and application of adhesives specifically created for bonding various types of flooring materials, such as carpets, vinyl, wood, and tiles, to different substrates. Flooring adhesives represent a critical component in any flooring system, ensuring stability and durability, especially with both residential and commercial applications. Such adhesives are formulated with excellent adhesion, moisture resistance, and long-term durability even in a wide range of environmental conditions. Because of advancements in adhesive technologies, such products are incorporated into the construction and renovation sectors, ensuring easy installation with greater flooring material performance. Furthermore, growth factors for the flooring adhesives market include the rapidly growing demand for high-performance flooring solutions within the construction industry, based on urbanization and rapid infrastructural development. In addition to these factors, the rise in commercial real estate development as well as increasing home renovation trends boost market growth. However, there are opposing factors, including raw material price variations and environmental issues related to VOC emissions from some adhesives. The existence of cheap substitutes and competition from other bonding technologies, for instance, interlocking flooring systems, would also limit the extensive adoption of certain adhesive products in specific areas.

The acrylic segment is predicted to hold the greatest market share through the forecast period.

Based on the resin, the flooring adhesive market is classified into acrylic, polyurethane, and polyvinyl acetate. Among these, the acrylic segment is predicted to hold the greatest market share through the forecast period. This is attributed to the acrylic-based adhesives are highly preferred because of their excellent bonding properties, quick drying time, and high resistance to moisture and heat. Such properties make acrylic adhesives suitable for a variety of flooring applications, such as vinyl, carpet, and tiles, especially in environments where durability and performance are critical.

The residential segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the end-use, the flooring adhesive market is divided into residential and commercial. Among these, the residential segment is anticipated to hold the greatest market share during the projected timeframe. The growth of demand for home renovation, new residential construction, and increasing interest in interior design trends drive the demand for flooring adhesives since they offer high-performance flooring solutions. Residential demand for flooring that is strong, cost-effective, and aesthetically appealing has fuelled the demand for flooring adhesives.

Asia-Pacific is estimated to hold the largest share of the flooring adhesive market over the forecast period.

Asia-Pacific is estimated to hold the largest share of the flooring adhesive market over the forecast period. This can be attributed to the rapid urbanization, industrialization, and infrastructural development happening in China, India, Japan, and South Korea. The growing construction and real estate sectors, along with increased demand for residential and commercial flooring solutions, are driving the demand for flooring adhesives in the region.

Middle East and Africa are predicted to have the fastest CAGR growth in the flooring adhesive market over the forecast period. The demand is rising on account of construction projects on residential, commercial, and industrial properties spurred by the rapid pace of urbanization, infrastructure developments, and growth in the real estate sectors of countries such as the UAE, Saudi Arabia, and South Africa.

Company Profiling

Major key players in the flooring adhesive market are Bostik, Dow, Forbo Management SA, H.B. Fuller Company, Henkel AG & Co. KGaA, LATICRETE International, Inc., MAPEI, Parker-Hannifin Corporation, Pidilite Industries Ltd., and Sika AG.    

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In November 2024, Sika AG completed the acquisition of Chema, enhancing its position in Peru’s mortar segment and expanding its Building Finishing portfolio with complementary products and distribution capabilities.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the flooring adhesive market based on the below-mentioned segments:

Global Flooring Adhesive Market, By Resin

• Acrylic
• Polyurethane
• Polyvinyl Acetate

Global Flooring Adhesive Market, By End-Use

• Residential
• Commercial

Global Flooring Adhesive Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa