GVR Report cover Flooring Adhesive Market Size, Share & Trends Report

Flooring Adhesive Market Size, Share & Trends Analysis Report By Resin (Acrylic, Polyurethane, Polyvinyl Acetate), By Application, By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Dec, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-123-5
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 130

Report Overview

The global flooring adhesive market size was valued at USD 4.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. Growing investments in the construction industry, especially in residential and commercial sectors, are projected to boost market growth over the forecast period. The shifting trend toward the renovation of existing buildings owing to increasing disposable income and inclination for aesthetic appearance is propelling the product demand. In addition, government initiatives towards economic recovery are further benefitting the growth of the construction industry and positively influencing flooring adhesives demand.

U.S. flooring adhesive market size, by application, 2018 - 2028 (USD Million)

The U.S. is a lucrative market for flooring adhesive and is anticipated to observe high growth in wooden flooring over the coming years. Ease of maintenance, elegant appearance, and high return on investments are factors augmenting the popularity of wooden flooring in the U.S. Houses with wooden flooring can expect a return on investment of 70% to 80% and an increase of 2% to 3% in their costs. Such factors are propelling segment growth.

For instance, in November 2020, AHF Products announced its plan to invest USD 2.5 million in its Somerset facility to introduce a new line of highly durable end-grain hardwood flooring. Growing investments in the manufacturing of flooring indicate its high demand, which is anticipated to positively influence adhesive consumption in the U.S. over the forecast period.

With ease in pandemic-related restrictions, construction spending is witnessing a rise in different parts of the world since the second half of 2020. In an attempt to boost economic recovery, various housing projects are being developed by private investors, as well as government bodies, which are expected to positively influence the growth of the market.

For instance, on January 06, 2021, the state government of Maharashtra in India reduced premium charges by 50% under the new DCPR rule 2034 across the board for ongoing and new construction projects up to December 31, 2021. This move is expected to give a boost to the real estate sector in the state.

Resin Insights

The acrylic segment dominated the market for flooring adhesive and held the largest revenue share of 41.0% in 2020. The large share is attributed to the characteristics of acrylic resins, which provide fast-setting time and increased adhesion to substrates that are difficult to bond. They offer good environmental resistance. Acrylic resins are used for the development of waterborne and heat-resistant adhesives and Ultraviolet (UV) light-curing adhesives.

These are preferred for resilient and wooden floorings, which are to be installed on moisture-free porous or rugged surfaces. They offer high resistance to plasticizer migration and provide tough and permanent bonds. A growing emphasis on the development of sports infrastructure after the 2021 Tokyo Olympics is expected to augment the demand for asphalt and wood floors, which are expected to contribute to the increased consumption of acrylic adhesives.

Polyurethane is another vital segment of the market for flooring adhesive. Rising demand for polyurethane adhesives has led raw material suppliers to enhance their production capacity. For instance, in January 2020, BASF announced the expansion of its polyurethane dispersion business in Europe. With this expansion, the company intended to strengthen its portfolio of adhesives, parquet floorings, and automotive and industrial coatings.

Application Insights

The resilient flooring segment held the largest revenue share of 53.0% in 2020. This flooring is a mixture of color, binders, and fillers. Binders such as asphalt and resin bind the mixture together, whereas fillers comprise limestone, groundwood, and synthetic fibers. These are produced using elastic materials such as rubber, PVC, and linoleum.

This type of flooring is useful in high traffic areas such as manufacturing units, restaurants, hospitals, sports facilities, schools, dance floors, and even in playrooms, living rooms, shower rooms, garages, and home gymnasiums. Its widespread application is propelling the segment growth and benefitting adhesive consumption.

Wooden flooring is anticipated to emerge as the fastest-growing segment over the forecast period owing to its rising significance in luxury construction in both residential and commercial areas. It offers numerous advantages including strength, durability, easy maintenance, aesthetics, high monetary value of a house, steady appearance, an option of refinishing, improved acoustics, and improved air quality.

End-use Insights

The commercial segment dominated the market for flooring adhesive and held the largest revenue share of more than 34.0% in 2020. Commercial applications are subject to high traffic areas, therefore require durable flooring such as resilient and wooden. In such flooring applications, adhesives are necessary products and are found in numerous commercial building applications such as offices, convenience stores, shopping malls, and retail stores.

Increasing construction of commercial buildings, such as drugstores, grocery, and big-box stores, over the past few years, is expected to benefit the segment growth over the coming years. Moreover, robust demand for office spaces, especially in urban areas of emerging economies, is also propelling demand for high-quality flooring adhesives.

Global flooring adhesive market share, by end use, 2020 (%)

The residential segment is growing fluently as the subsidies from governments for first-time homebuyers in developing and developed economies have positively affected the growth of the residential sector. Countries such as Australia, Canada, Germany, and India have announced various schemes to support the development of the real estate sector.

These schemes are partially or fully funded by governments in these countries, which ultimately benefit the demand side of the construction sector. This is likely to push market growth for flooring adhesives over the coming years.

Regional Insights

Asia Pacific dominated the flooring adhesive market and accounted for a revenue share of over 38.0% in 2020. The increasing demand for flooring adhesives from the housing sector of countries such as China and India is projected to drive the growth of the market for flooring adhesives in the region over the coming years.

Southeast Asia is one of the emerging regions in the world with significant investment requirements to develop new infrastructures. The countries, including China and Japan, have started investing in this region to promote infrastructural developments. For instance, Japan financed projects worth USD 230 billion in the region from 2000 onward, while China invested approximately USD 155 billion for the improvement of infrastructure.

In North America, the market for flooring adhesive is projected to witness steady growth across the forecast period. Government initiatives for promoting economic recovery are leading to infrastructural developments in the region. For instance, in April 2021, the Governments of Canada and Quebec announced a major investment in the construction of the Réseau express métropolitain station at the Montréal-Trudeau International Airport. Such investments are anticipated to fuel the adhesive demand in the region over the forecast period.

Key Companies & Market Share Insights

The market is highly competitive owing to the presence of various players, both emerging and established. All manufacturers faced major consequences in 2020 owing to the emergence of the COVID-19 pandemic, which impacted the demand-supply scenario and led to negative sales for companies in the first half of 2020. As the economies turn toward recovery, manufacturers are expanding their presence and market share through initiatives such as capacity expansions and mergers & acquisitions.  Some of the prominent players in the flooring adhesive market include:

  • Bostik

  • Dow

  • Forbo Holdings AG

  • H.B. Fuller Company

  • Henkel AG & Co. KGaA

  • LATICRETE International, Inc.

  • MAPEI S.p.A


  • Pidilite Industries

  • Sika AG

Flooring Adhesive Market Report Scope 

Report Attribute


Market size value in 2021

USD 4.8 billion

Revenue forecast in 2028

USD 7.7 billion

Growth Rate

CAGR of 6.8% from 2021 to 2028

Market demand in 2021

2,188.8 kilotons

Volume forecast in 2028

3,512.7 kilotons

Growth Rate

CAGR of 6.6% from 2021 to 2028

Base year for estimation


Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in kilotons, revenue in USD million, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Resin, application, end use, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; France; UK; China; India; Japan; Brazil; Saudi Arabia

Key companies profiled

Bostik; Henkel AG & Co. KGaA; Sika AG; MAPEI S.p.A; Dow

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global flooring adhesive market report on the basis of resin, application, end-use, and region:

  • Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Acrylic

    • Polyurethane

    • Polyvinyl Acetate

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Resilient Flooring

    • Wooden Flooring

    • Laminate Flooring

    • Others

  • End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Residential

    • Commercial

    • Industrial

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

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