India Flooring Installation Adhesives Market Size, Share & Trends Analysis Report By Application (Resilient Flooring, Wooden Flooring, Laminated Flooring, Artificial Turf), And Segment Forecasts, 2020 - 2027
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India Flooring Installation Adhesives Market Growth & Trends
The India flooring installation adhesive market size is expected to reach USD 135.7 million by 2027, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 5.2% in terms of revenue, over the forecast period. Rising technological advancements and growing research and development activities are the factors likely to contribute to the product demand.
The quantity and type of adhesive used to depend on the type of substrate or flooring. For instance, epoxy floor products are capable of producing high-strength, durable bonds. They are suitable for both interior and exterior applications and are resistant to water, dilute acids, alkali, most of the solvents, and oil. They are suitable for most of the types of flooring including resilient and wooden. Novel products are being introduced in the market, which offers simplification of work, enhanced adhesion, and environment-friendly nature.
The establishment of new reforms, such as the Make in India campaign, formed by the government has strengthened the country’s economy. Valiant efforts by the local government and the increasing interests of foreign companies to invest and establish their manufacturing plants in India are expected to increase the demand for flooring installation adhesives, which, in turn, is likely to fuel the market growth over the forecast period.
Increasing demand for vinyl flooring can be attributed to the growing consumer preference for PVC floor coverings and floor tiles, which, in turn, has led adhesive manufacturers to expand their product range for providing ease at the time of installation. For instance, Bostik, a leading adhesive manufacturer, provides several products based on luxury vinyl tile, vinyl tile, vinyl adhesive sprayer, vinyl sheet, and headliner for vinyl flooring applications.
Laminate flooring is preferred in India owing to its low-cost and appearance similar to wood. Based on its installation, it can be classified into glued, glueless, and pre-glued. The glued type needs the adhesive to be spread on the floor before laying the laminate flooring. The glueless type does not require additional adhesive, instead, they are manufactured with special tongue and groove edges that click together and hold.
India Flooring Installation Adhesives Market Report Highlights
India Flooring Installation Adhesives Market Growth & Trends
The India flooring installation adhesive market size is expected to reach USD 135.7 million by 2027, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 5.2% in terms of revenue, over the forecast period. Rising technological advancements and growing research and development activities are the factors likely to contribute to the product demand.
The quantity and type of adhesive used to depend on the type of substrate or flooring. For instance, epoxy floor products are capable of producing high-strength, durable bonds. They are suitable for both interior and exterior applications and are resistant to water, dilute acids, alkali, most of the solvents, and oil. They are suitable for most of the types of flooring including resilient and wooden. Novel products are being introduced in the market, which offers simplification of work, enhanced adhesion, and environment-friendly nature.
The establishment of new reforms, such as the Make in India campaign, formed by the government has strengthened the country’s economy. Valiant efforts by the local government and the increasing interests of foreign companies to invest and establish their manufacturing plants in India are expected to increase the demand for flooring installation adhesives, which, in turn, is likely to fuel the market growth over the forecast period.
Increasing demand for vinyl flooring can be attributed to the growing consumer preference for PVC floor coverings and floor tiles, which, in turn, has led adhesive manufacturers to expand their product range for providing ease at the time of installation. For instance, Bostik, a leading adhesive manufacturer, provides several products based on luxury vinyl tile, vinyl tile, vinyl adhesive sprayer, vinyl sheet, and headliner for vinyl flooring applications.
Laminate flooring is preferred in India owing to its low-cost and appearance similar to wood. Based on its installation, it can be classified into glued, glueless, and pre-glued. The glued type needs the adhesive to be spread on the floor before laying the laminate flooring. The glueless type does not require additional adhesive, instead, they are manufactured with special tongue and groove edges that click together and hold.
India Flooring Installation Adhesives Market Report Highlights
- Resilient flooring was the largest application segment in 2019 and accounted for a volume of 29,802.2 tons in 2019. Growing demand in the construction of restaurants, living rooms, and manufacturing facilities is projected to fuel the growth of this application segment
- Artificial turf is projected to witness the fastest CAGR of 7.8% in terms of revenue. Benefits over natural grass, which comprises durability, less maintenance, and saving on water consumption are some of the key contributing factors for the growth of the segment
- Wooden flooring accounted for a revenue share of 37.5% in 2019. Increasing penetration of hardwood, engineered wood, and bamboo wood is key attributing for the growth of the market
- Key market players include Pidilite Industries Limited, BASF India, Sika India, Bostik, ADFAST POLYMERS, Arofine Polymers Pvt. Ltd., Astra Chemtech (P) Ltd., and MAPEI
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market segmentation & scope
1.2. Market definition
1.3. Information procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.4.1. Data analysis models
1.5. Market formulation & data visualization
1.6. Data validation & publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market snapshot
2.2. Segmental outlook
CHAPTER 3. INDIA FLOORING INSTALLATION ADHESIVES MARKET VARIABLES, TRENDS & SCOPE
3.1. Market outlook – Global adhesives industry outlook
3.2. Penetration & growth prospect mapping
3.3. Industry value chain analysis
3.3.1. Sales channel analysis
3.4. Regularity framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry challenges
3.6. Business environment analysis: Copper foil market
3.6.1. Industry analysis – Porter’s
3.6.2. PESTEL analysis
CHAPTER 4. INDIA FLOORING INSTALLATION ADHESIVE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Definition & scope
4.2. Application movement analysis & market share, 2019 & 2027
4.3. Market size & forecasts and trend analysis, 2016 to 2027
4.3.1. Resilient flooring
4.3.1.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
4.3.2. Wooden flooring
4.3.2.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
4.3.3. Laminate flooring
4.3.3.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
4.3.4. Artificial turf
4.3.4.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
CHAPTER 5. INDIA FLOORING INSTALLATION ADHESIVE MARKET – COMPETITIVE ANALYSIS
5.1. List of market players
5.2. List of installers
5.3. Competitive environment
5.4. Strategy framework
CHAPTER 6. MARKET OVERVIEW AND LIST OF PLAYERS
6.1. Sub-flooring preparation
6.1.1. List of key players
6.2. Self-leveling compounds
6.2.1. List of key players
6.3. List of primer manufacturers
CHAPTER 7. COMPANY PROFILES
7.1. Pidilite Industries Limited
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. BASF India
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Strategic initiatives
7.3. Sika India
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.3.4. Strategic initiatives
7.4. Bostik
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Strategic initiatives
7.5. ADFAST POLYMERS
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Strategic initiatives
7.6. Arofine Polymers Pvt. Ltd.
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Strategic initiatives
7.7. Astra Chemtech (P) Ltd.
7.7.1. Company overview
7.7.2. Financial performance
7.7.3. Product benchmarking
7.7.4. Strategic initiatives
7.8. MAPEI
7.8.1. Company overview
7.8.2. Financial performance
7.8.3. Product benchmarking
7.8.4. Strategic initiatives
1.1. Market segmentation & scope
1.2. Market definition
1.3. Information procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.4.1. Data analysis models
1.5. Market formulation & data visualization
1.6. Data validation & publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market snapshot
2.2. Segmental outlook
CHAPTER 3. INDIA FLOORING INSTALLATION ADHESIVES MARKET VARIABLES, TRENDS & SCOPE
3.1. Market outlook – Global adhesives industry outlook
3.2. Penetration & growth prospect mapping
3.3. Industry value chain analysis
3.3.1. Sales channel analysis
3.4. Regularity framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry challenges
3.6. Business environment analysis: Copper foil market
3.6.1. Industry analysis – Porter’s
3.6.2. PESTEL analysis
CHAPTER 4. INDIA FLOORING INSTALLATION ADHESIVE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Definition & scope
4.2. Application movement analysis & market share, 2019 & 2027
4.3. Market size & forecasts and trend analysis, 2016 to 2027
4.3.1. Resilient flooring
4.3.1.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
4.3.2. Wooden flooring
4.3.2.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
4.3.3. Laminate flooring
4.3.3.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
4.3.4. Artificial turf
4.3.4.1. Market estimates & forecasts, 2016 - 2027 (Tons) (USD Million)
CHAPTER 5. INDIA FLOORING INSTALLATION ADHESIVE MARKET – COMPETITIVE ANALYSIS
5.1. List of market players
5.2. List of installers
5.3. Competitive environment
5.4. Strategy framework
CHAPTER 6. MARKET OVERVIEW AND LIST OF PLAYERS
6.1. Sub-flooring preparation
6.1.1. List of key players
6.2. Self-leveling compounds
6.2.1. List of key players
6.3. List of primer manufacturers
CHAPTER 7. COMPANY PROFILES
7.1. Pidilite Industries Limited
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. BASF India
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Strategic initiatives
7.3. Sika India
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.3.4. Strategic initiatives
7.4. Bostik
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Strategic initiatives
7.5. ADFAST POLYMERS
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Strategic initiatives
7.6. Arofine Polymers Pvt. Ltd.
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Strategic initiatives
7.7. Astra Chemtech (P) Ltd.
7.7.1. Company overview
7.7.2. Financial performance
7.7.3. Product benchmarking
7.7.4. Strategic initiatives
7.8. MAPEI
7.8.1. Company overview
7.8.2. Financial performance
7.8.3. Product benchmarking
7.8.4. Strategic initiatives
LIST OF TABLES
Table 1. India flooring installation adhesives market estimates and forecasts in resilient flooring, 2016 - 2027 (Tons) (USD Million)
Table 2. India flooring installation adhesives market estimates and forecasts in wood flooring, 2016 - 2027 (Tons) (USD Million)
Table 3. India flooring installation adhesives market estimates and forecasts in laminated flooring, 2016 - 2027 (Tons) (USD Million)
Table 4. India flooring installation adhesives market estimates and forecasts in artificial turf, 2016 - 2027 (Tons) (USD Million)
Table 1. India flooring installation adhesives market estimates and forecasts in resilient flooring, 2016 - 2027 (Tons) (USD Million)
Table 2. India flooring installation adhesives market estimates and forecasts in wood flooring, 2016 - 2027 (Tons) (USD Million)
Table 3. India flooring installation adhesives market estimates and forecasts in laminated flooring, 2016 - 2027 (Tons) (USD Million)
Table 4. India flooring installation adhesives market estimates and forecasts in artificial turf, 2016 - 2027 (Tons) (USD Million)
LIST OF FIGURES
FIG 1 India flooring installation adhesives market segmentation
FIG 2 Information procurement
FIG 3 Data analysis models
FIG 4 Market formulation and validation
FIG 5 Data validating & publishing
FIG 6 Segmental outlook
FIG 7 Market outlook
FIG 8 Penetration & growth prospect mapping
FIG 9 Value chain analysis
FIG 10 Market driver analysis
FIG 11 Application movement analysis, 2019 & 2027
FIG 1 India flooring installation adhesives market segmentation
FIG 2 Information procurement
FIG 3 Data analysis models
FIG 4 Market formulation and validation
FIG 5 Data validating & publishing
FIG 6 Segmental outlook
FIG 7 Market outlook
FIG 8 Penetration & growth prospect mapping
FIG 9 Value chain analysis
FIG 10 Market driver analysis
FIG 11 Application movement analysis, 2019 & 2027
