North American Floor Adhesives Market by Material Type (Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives), by Application Type (Tile & Stone, Carpet, Wood, Laminates, Vinyl Flooring, and Others), by Technology Type (Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives), by End-User Type (Residential, Commercial, and Industrial), and by Region (the USA, Canada, and Mexico), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
This report studies the North American floor adhesives market over the period trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The North American Floor Adhesives Market: Highlights
The North American floor adhesives market is projected to reach an estimated value of US$ 1,097.9 million in 2023. The upward trajectory of the floor adhesives market in the region is likely to continue with attractive growth opportunities in the entire ecosystem of the market in the coming years. Growing North American construction industry, an increasing consumption of adhesives in North America, increasing usage of water-based adhesives in order to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and ability of adhesives to bond dissimilar materials are the driving factors that are burgeoning the growth of floor adhesives in the North American market.
The market dynamics of floor adhesives in North America is different than that of other parts of the world. The region has an overall high penetration of adhesives in flooring applications as compared to Asia-Pacific, which is the largest flooring adhesives market. Also, the per capita consumption of floor adhesives is quite higher in North America as compared to that of Asia-Pacific.
Based on the application type, wood flooring is likely to be the dominant application type in the North American floor adhesives market during the forecast period. There is an increasing usage of adhesives instead of mechanical fastening systems in the wood flooring application. Wood flooring requires more adhesive content per square feet, which further elevates the demand for adhesives in the segment. Vinyl flooring application is expected to witness the highest growth during the forecast period, driven by an increasing demand for luxury vinyl tiles (LVT) in North America.
The North American floor adhesives market is segmented based on the technology type as Water-based Adhesives, Solvent-based Adhesives, and Other Adhesives. Water-based technology currently dominates the North American floor adhesives market. The technology type is also likely to grow at the highest rate during the forecast period, driven by stringent regulations regarding reducing VOC emissions in order to create safer environment.
Based on regions, the North American floor adhesives market is further segmented as the USA, Canada, and Mexico. The USA is likely to maintain its leading position in the region during the forecast period, whereas Mexico is expected to witness the highest growth in the foreseeable future.
The supply chain of this market comprises of raw material suppliers, floor adhesive manufacturers, dealers & distributors, and flooring installers. Some of the major floor adhesive suppliers in North America include Arkema Inc. (including Bostik), Ardex GmbH, Bona AB, H.B. Fuller Company, Mapei Corporation, Roberts Consolidated, and W.F. Taylor Co., Inc., and Sika AG.
Our reports offer high quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with the internal database and statistical tools. More than 500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in North America and industry experts have been executed to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
The North American Floor Adhesives Market is segmented into the following categories.
North American Floor Adhesives Market by Material Type:
- Epoxy Adhesives
- Acrylic Adhesives
- Polyurethane Adhesives
- Vinyl Adhesives
North American Floor Adhesives Market by Application Type:
- Tile & Stone
- Vinyl Flooring
North American Floor Adhesives Market by Technology Type:
- Water-based Adhesives
- Solvent-based Adhesives
- Other Adhesives
North American Floor Adhesives Market by End-User Type:
- Residential Construction
- Commercial Construction
- Industrial Applications
North American Floor Adhesives Market by Region:
- The USA
1. Executive Summary
2. North American Floor Adhesives Market - Overview and Market Forces
2.2 Market Classification
2.2.1 By Material Type
2.2.2 By Application Type
2.2.3 By Technology Type
2.2.4 By End-User Type
2.2.5 By Region
2.3 Market Drivers
2.4 Market Constraints
2.5 Supply Chain Analysis
2.6 Industry Life Cycle Analysis
2.7 PEST Analysis: Impact Assessment of Changing Business Environment
2.8 Porter’s Fiver Force Model
2.8.1 Bargaining Power of Suppliers
2.8.2 Bargaining Power of Constraints
2.8.3 Threat of New Entrants
2.8.4 Threat of Substitutes
2.8.5 Competitive Rivalry
2.9 SWOT Analysis
3. North American Floor Adhesives Market - By Material Type
3.1 Strategic Insights
3.2 North American Floor Adhesives Market by Material Type in 2017 (US$ Million)
3.3 North America Floor Adhesive Market Trend and Forecast by Material Type (US$ Million)
4. North American Floor Adhesives Market - By Application Type
4.1 Strategic Insights
4.2 North American Floor Adhesives Market by Application Type in 2017 (US$ Million)
4.3 North America Floor Adhesive Market Trend and Forecast by Application Type (US$ Million)
5. North American Floor Adhesives Market - By Technology Type
5.1 Strategic Insights
5.2 North American Floor Adhesives Market by Technology Type in 2017 (US$ Million)
5.3 North America Floor Adhesive Market Trend and Forecast by Technology Type (US$ Million)
6. North American Floor Adhesives Market - By End-User Type
6.1 Strategic Insights
6.2 North American Floor Adhesives Market by End-User Type in 2017 (US$ Million)
6.3 North America Floor Adhesive Market Trend and Forecast by End-User Type (US$ Million)
7. North American Floor Adhesives Market - By Region
7.1 Strategic Insights
7.2 North American Floor Adhesives Market by Region in 2017 (US$ Million)
7.3 North America Floor Adhesive Market Trend and Forecast by Region (US$ Million)
7.4 The USA’s Floor Adhesives Market Trend and Forecast (US$ Million)
7.5 Canada’ Floor Adhesives Market Trend and Forecast (US$ Million)
7.6 Mexico Floor Adhesives Market Trend and Forecast (US$ Million)
8. Competitive Analysis
8.1 Strategic Insights
8.2 Product Portfolio Analysis
8.3 Presence by Application Type
8.4 New Product Launches
8.5 Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.
8.6 Market Share Analysis
9. Competitive Analysis
9.1 Strategic Insights
9.2 Market Attractiveness Analysis
9.2.1 Attractiveness Analysis by Material Type
9.2.2 Attractiveness Analysis by Application Type
9.2.3 Attractiveness Analysis by Technology Type
9.2.4 Attractiveness Analysis by End-User Type
9.2.5 Attractiveness Analysis by Country
9.3 Emerging Trends
9.4 Key Success Factors
9.5 Growth Matrix Analysis
10. Company Profiles of Key Players
10.2 Ardex GmbH
10.3 Arkema Inc. (Bostik)
10.4 BASF SE
10.5 Bona AB
10.6 DowDuPont Inc.
10.7 H. B. Fuller Company
10.8 Henkel AG & Co. KGaA
10.9 Huntsman Corporation
10.10 Mapei Corporation
10.11 Sika AG
10.12 Roberts Consolidated Industries Inc.
10.13 W. F. Taylor Co., Inc.
- Ardex GmbH
- Arkema Inc. (Bostik)
- BASF SE
- Bona AB
- DowDuPont Inc.
- H. B. Fuller Company
- Henkel AG & Co. KGaA
- Huntsman Corporation
- Mapei Corporation
- Sika AG
- Roberts Consolidated Industries Inc.
- W. F. Taylor Co., Inc.