Floor Adhesive Market Size, Share, Growth Analysis, By Resin Type(Acrylic, Polyurethane and Polyvinyl Acetate), By Application(Resilient Flooring, Wooden Flooring, and Laminate Flooring), By End User(Residential, Commercial, and Industrial), By Region - Industry Forecast 2024-2031

Global Floor Adhesive Market size was valued at USD 7.52 billion in 2022 and is poised to grow from USD 7.9 billion in 2023 to USD 15.0 billion by 2031, at a CAGR of 8.40 % during the forecast period (2024-2031).

The global floor adhesive market has witnessed significant growth and advancements in recent years. The growing trend of renovating old buildings for better looks, and people having more money to spend, is increasing the demand for floor adhesives. Among different types of adhesives, acrylic adhesive is becoming popular because of its strong and durable adhesives that cure quickly when exposed to UV light. This type of adhesive is also resistant to water and heat. Additionally, government efforts to improve the economy are boosting the demand for floor adhesives as part of the construction industry, which is expected to drive market growth. Investments in construction, especially in homes and businesses, are expected to make the market grow. People are fixing up old buildings to make them look nicer because they have more money and want them to look better. Governments are also trying to help the economy by boosting construction, which means more demand for flooring adhesives. In the U.S., wooden floors are getting more popular because they're easy to take care of, look nice, and can increase the value of a home. Companies are spending more money to make better flooring, which shows a big demand for it, and it's expected to keep growing.