North America Subfloor Adhesives Market Growth & Trends
The North America subfloor adhesives market size is expected to reach USD 1,607.0 million by 2030, as per the new report by Grand View Research, Inc. The market is also expected to grow at a CAGR of 10.1% from 2024 to 2030. The demand for subfloor adhesives in the North America market is influenced by several factors, including infrastructure development and construction projects. These factors contribute to the growth and expansion of the construction industry, which in turn drives the demand for subfloor adhesives.
Infrastructure development projects, such as the construction of airports, educational institutions, hospitals, industrial facilities, and water infrastructure, require the use of adhesives in various applications, including flooring installation, laminating, and roofing. The investment in infrastructure projects, both new and existing, leads to an increased demand for construction adhesives.
The construction industry plays a significant role in driving the demand for subfloor adhesives. The growth of the residential and non-residential sectors, along with government investments in infrastructure projects, contributes to the rising demand for adhesives. Adhesives are essential tools in the construction site and are used in various applications, including bonding plywood and OSB to concrete. The increasing construction activities and the development of new projects create a need for reliable and durable adhesives.
Furthermore, the escalating prices of raw materials significantly affect the industry’s operations. The consistent increase in raw material costs creates a complex challenge that reverberates across the value chain, influencing manufacturers, distributors, and end-users. The volatility in the production cost of subfloor adhesives, driven by the high cost of raw materials such as oil, acts as a major restraint for the overall growth of the market. Fluctuations in raw material prices can impact the profitability and pricing strategies of manufacturers, potentially hindering subfloor adhesives market growth.
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North America Subfloor Adhesives Market Report Highlights
- Vinyl resins type segment dominated the market with a volume share of 37.4% in 2023, as the adhesives based on vinyl resins are known for their durability, tough bonds, and high peel strength.
- Water-borne adhesives are predicted to witness the fastest growth in terms of revenue, with a CAGR of 10.2% from 2023 to 2030. Water-based adhesives are considered environmentally friendly due to their formulation that eliminates Volatile Organic Compounds (VOCs). These adhesives have gained popularity as they contribute to reducing air pollution and enhancing indoor air quality.
- Bio adhesive for subfloor applications is AdvanTech subfloor adhesive. It utilizes a unique foam-to-gel formula that provides quick application and delivers a bond that is two to five times stronger than the ASTM standard. This adhesive can be applied on wet or frozen wood, making it suitable for various weather conditions. AdvanTech subfloor adhesive, when combined with AdvanTech subfloor panels, offers a subfloor assembly backed by the industry’s only Squeak-Free Guarantee.
- In September 2023, Sika-DriTac relaunched DriTac 4141 Golden Bullet, a single-component, a multiple-solution adhesive that offers subfloor moisture protection for residential and commercial hardwood flooring installations
- In June 2023, H.B. Fuller, an adhesive manufacturer, acquired Plexbond Quimica SA, a Brazilian adhesives and sealant company. This acquisition aimed to expand H.B. Fuller’s business in South America.
North America Subfloor Adhesives Market Segmentation
Grand View Research has segmented the North America subfloor adhesives market report based on resins type, technology, end use, and region:
North America Subfloor Adhesives Resins Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Polyurethane
- Acrylic
- Vinyl
- Others
North America Subfloor Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Water-borne
- Solvent-borne
- Others
North America Subfloor Adhesives End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Residential
- Commercial
- Industrial
North America Subfloor Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- North America
- U.S.
- Canada
- Mexico
List of Key Players in the North America Subfloor Adhesives Market
- Selena Group (Tytan)
- RPM International Inc. (DAP Global Inc.)
- PPG Industries
- Akfix
- Grabber
- Franklin International
- Soudal Group
- Henkel Corp.
- HPS North America, Inc.
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