Report Overview

Growing number of construction and infrastructure development projects and rising renovation and remodeling activities are projected to propel the expansion of the India flooring installation adhesives market during the forecast period between 2023 and 2029.

India Flooring Installation Adhesives Market - Industry Trends & Forecast Report, 2029

India flooring installation adhesives market size was estimated at USD 102.64 million in 2022. During the forecast period between 2023 and 2029, the size of India flooring installation adhesives market is projected to grow at a CAGR of 5.64% reaching a value of USD 142.64 million by 2029. Major growth drivers for the India flooring installation adhesives market include an increased utilization of ceramic and vitrified tiles, as well as natural stone, in both residential and commercial settings. This surge in demand can be attributed to the ample availability of these materials, as well as the necessity for heat-absorbing flooring solutions, particularly in regions with hot climatic conditions. Notably, the growing demand for laminate, linoleum, or wood flooring in various commercial applications within the hospitality industry, as well as residential applications in flats and apartments is expected to fuel the growth of India flooring adhesives market. The affordability offered by flooring adhesives is anticipated to accelerate their usage in budget housing, consequently fostering the expansion of the overall market. Also, the increasing popularity of decorative and visually appealing flooring is also contributing to the market's growth. As disposable income rises, people are willing to invest in attractive flooring options.

India Flooring Installation Adhesives Market – Overview

India flooring installation adhesives market refers to the sector that encompasses the production, distribution, and consumption of adhesives specifically designed for the installation of various types of flooring materials in the Indian market. This includes adhesives used for laminate, linoleum, wood, ceramic, and other types of flooring installations in both commercial and residential settings throughout India. The market encompasses manufacturers, suppliers, distributors, and End Users involved in the procurement, application, and maintenance of flooring installation adhesives.

India Flooring Installation Adhesives Market

Growth Drivers

Growing Number of Construction and Infrastructure Development Projects

As India continues to invest in the development of residential, commercial, and public infrastructure, there is a rising demand for flooring installation adhesives. These adhesives play a crucial role in ensuring the proper installation and durability of various flooring materials, such as laminate, wood, and ceramic tiles. The expanding construction sector, driven by government initiatives and private investments, is propelling the demand for flooring installation adhesives, making it a thriving market in India.

Restraints

Volatile Raw Material Prices

The growth of the India flooring installation adhesives market is being constrained by the fluctuating prices of raw materials. The market heavily relies on key raw materials, such as resins, solvents, fillers, and additives, which experience price volatility due to factors like supply-demand dynamics and market conditions. These price fluctuations result in increased production costs for adhesive manufacturers, leading to higher prices for end users. As a consequence, the growth of the market is hindered as it becomes challenging for consumers to afford or justify the expenditure on flooring installation adhesives. This trend poses a significant challenge for the market's expansion in India.

Impact of COVID-19 on India Flooring Installation Adhesives Market

COVID-19 pandemic adversely affected the India flooring installation adhesives market. The nationwide lockdowns, supply chain disruptions, and economic slowdown caused by the pandemic resulted in a decline in construction activities and project delays. This directly affected the demand for flooring installation adhesives as new construction projects were put on hold. Also, the cautious consumer sentiment and financial uncertainties led to reduced spending on renovation and remodeling projects, further dampening the market growth. However, as the situation gradually improves and economic activities resume, the market is expected to recover, driven by pent-up demand and government stimulus measures.

India Flooring Installation Adhesives Market

Segmental Coverage

India Flooring Installation Adhesives Market – By Type

By type, the India flooring installation adhesives market is divided into Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, and Vinyl Adhesives segments. The epoxy adhesives type holds the highest market share and is expected to hold its dominance over the forecast period. Their exceptional bonding strength, durability, and chemical resistance make them ideal for various flooring materials. Epoxy adhesives offer excellent adhesion to diverse substrates, catering to both commercial and residential sectors. Their resistance to moisture, temperature variations, and heavy foot traffic further enhances their suitability for high-traffic areas. Also, advancements in technology have led to the development of low VOC and eco-friendly formulations, aligning with the demand for sustainable construction practices.

India Flooring Installation Adhesives Market – By Technology

By technology, the India flooring installation adhesives market is divided into Water-based Adhesives, Solvent-based Adhesives, and Hot-melt based Adhesives segments.

India Flooring Installation Adhesives Market – By Application

Based on application, the India flooring installation adhesives market is divided into Tile & Stone, Carpet, Wood, and Laminate segments. The wood segment dominates the India flooring installation adhesives market by application. Wood flooring is highly sought after for its aesthetic appeal and natural beauty, making it a popular choice in both residential and commercial applications. The durability and longevity of wood flooring further contribute to its demand, requiring high-quality adhesives for proper installation. Wood flooring's versatility allows it to be installed in various settings, expanding its market potential. Advancements in adhesive technology have led to the development of specialized wood flooring adhesives with improved bonding strength and moisture resistance, further driving their preference in the Indian market.

India Flooring Installation Adhesives Market – By End Use

On the basis of end use, the India flooring installation adhesives market is divided into Residential, Commercial, and Industrial segments. The commercial segment holds the highest market share by end use. Commercial industries such as hospitality, retail, healthcare, and offices require durable flooring solutions to withstand high foot traffic. With larger floor areas and substantial investments, commercial projects demand quality installation adhesives to ensure long-lasting performance. Moreover, compliance with safety regulations for slip resistance and fire resistance further fuels the demand for specialized adhesives in the commercial sector.

Competitive Landscape

Major players operating in the India flooring installation adhesives market include Pidilite Industries Limited, BASF India, Sika India, Bostik, ADFAST POLYMERS, Arofine Polymers Pvt. Ltd., Astra Chemtech (P) Ltd, and MAPEI. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Epoxy Adhesives

• Polyurethane Adhesives

• Acrylic Adhesives

• Vinyl Adhesives

By Technology

• Water-based Adhesives

• Solvent-based Adhesives

• Hot-melt based Adhesives

By Application

• Tile & Stone

• Carpet

• Wood

• Laminate

By End Use

• Residential

• Commercial

• Industrial