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(Transportation-News.com, February 14, 2019 )
Stratview Research announces the launch of a new research report on Floor Adhesives Market by Material Type (Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Vinyl Adhesives, and Other Adhesives), by Application Type (Tile & Stone, Carpet, Wood, Laminate, Resilient 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 (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The Global Floor Adhesives Market: Highlights
The global flooring market is nearly 13 billion square meters in which ceramic tile is the most commonly used flooring for both residential as well as commercial sectors. Adhesives have progressively been becoming the preferred choice of materials to install most of the flooring types used today for residential, commercial, and industrial purposes. Apart from tiles & stones which are more often used with the cementitious product for adherence, all the other major flooring types such as resilient, wood, and carpet are predominantly installed using polymer adhesives.
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There are various types of adhesives used to adhere different flooring with substrates. The selection of adhesives is largely dependent on the flooring type as well as flooring application. Furthermore, the demand for a flooring type varies from region to region as a result of cultural differences, climatic conditions, and regional regulatory requirements. It has been observed that much of the growth in the demand for flooring is driven by refurbishment rather than new construction demand.
As per Stratview Research, The global floor adhesives market is projected to grow at a healthy growth over the next five years and reach US$ 6,947.8 million in 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to bond dissimilar materials are some of the key factors burgeoning the demand for the floor adhesives market.
Another factor which attracts adhesives usage is ease of installation of polymer-based adhesives compared to traditional mechanical fastening systems or cementitious powders. Adhesives also maintain aesthetics of the flooring and do not create or damage its impression.
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Source: EmailWire.Com 
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