|
Forecast Period
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2024-2028
|
|
Market Size (2022)
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USD 112.29 Million
|
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CAGR (2023-2028)
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4.85%
|
|
Fastest Growing Segment
|
Acrylic Adhesive
|
|
Largest Market
|
Dubai
|
Market Overview
UAE Floor Adhesive Market has valued at
USD 112.29 Million in 2022 and is anticipated to grow with a CAGR of 4.85%
through 2028. UAE Floor Adhesive market is anticipated to grow significantly in
the projected period 2028 due to the growing popularity of bioplastic,
increasing acceptance of Floor Adhesive over traditional plastics, Bolstering
the manufacturing sector, and growing demand from the end-user industry. UAE is
considered a key supplier of adhesives having around 1,851 buyers around the
world and the major exporter of adhesives are Uganda, Sri Lanka, and China.
Floor adhesive is a specific variety of adhesives specifically designed for
securing flooring materials to the subfloor or underlayment and offers several
properties and advantages that make it an essential component in flooring
installations during construction. Floor adhesives provide a strong bond
between the flooring material and the subfloor or underlayment to ensure that
the flooring remains securely in place even under heavy foot traffic or other
stresses. The strong bonding strength of floor adhesive contributes to the
durability and longevity of the flooring installation and increases the
structure's life.
Key Market Drivers
Rising Construction Sector of UAE is a Key Factor that
Driving the UAE Floor Adhesive Market Growth
The construction and real estate boom in
the UAE significantly contributed to the growth of the floor adhesive market
due to the high migration rate, rising tourism, and surge in industrial
projects. Increased demand for luxurious residences in UAE is seeing the price
of homes in Dubai rise from 6 percent to 7.9 percent in 2023 and represent the
highest value increase around the world. According to Dubai real estate agency
Unique Properties, there is a 62 percent rise in emirate houses over the past
decade. The construction and real estate boom in the UAE has led to a surge in
the number of construction projects, including residential buildings,
commercial complexes, industrial facilities, and infrastructure development.
These projects require flooring installations, and floor adhesives are
essential for securing and bonding various types of flooring materials. The
increased construction activity directly drives the demand for floor adhesives.
Construction and real estate have introduced a wide range of flooring options,
including ceramic tiles, vinyl, carpet, laminate, engineered wood, and other
specialty flooring materials. Each type of flooring requires specific adhesives
for proper installation to make attractive flooring choices. As developers and
property owners seek to offer diverse flooring options, the demand for a
variety of floor adhesives increases in the UAE region. The UAE's construction
and real estate boom have raised the standards for aesthetics and design in
buildings as developers and property owners aim to create visually appealing
and luxurious spaces to attract buyers, tenants, and investors.
Floor adhesives
play a critical role in achieving the desired aesthetics by securely installing
flooring materials, creating seamless transitions, and enabling intricate
patterns or designs. The demand for high-quality floor adhesives aligns with
the need for exceptional aesthetics in the market. The UAE's construction and
real estate boom also involves significant infrastructure development projects
such as airports, roads, bridges, and transportation systems. These projects
often require specialized flooring solutions, including heavy-duty flooring for
areas with high traffic or specific functionality. Floor adhesives suitable for
industrial and infrastructure applications such as epoxy-based adhesives, have
become essential for securing durable and robust flooring systems. Alongside
new construction projects, the existing building in the UAE requires regular
renovation and maintenance. Renovation projects may involve updating outdated
flooring materials, repairing damaged floors, or revamping spaces to match
modern design trends. Floor adhesives are essential for such renovation
activities, providing effective solutions for replacing or re-installing flooring
materials. The ongoing need for renovation and maintenance in the booming
construction sector contributes to sustained demand for floor adhesives
Therefore, the growing demand from the construction sector is a key driver for
the UAE floor adhesive market in the projected period.
Favorable Government Initiatives are Impacting the UAE
Floor Adhesive Market Growth
Favorable government policies play a
crucial role in driving the growth of the UAE floor adhesive market. The UAE
has several transportation and infrastructure projects currently under
development, such as the USD 2.7 billion Sheikh Zayed double-deck road scheme.
Apart from conventional, unconventional transport projects, such as the USD 5.9
billion proposed hyperloop project between Dubai and Abu Dhabi. The UAE
government has been actively investing in infrastructure development projects,
such as transportation networks, airports, and utilities. These investments
create a favorable environment for the construction industry, which directly
impacts the demand for floor adhesives. Government-led infrastructure projects
drive the need for high-quality flooring solutions and, consequently, increase
the demand for floor adhesives in the market. The UAE government establishes
regulations and standards for the construction industry to ensure safety,
quality, and environmental sustainability. These regulations often include
guidelines for flooring installations and materials. Compliance with these
regulations necessitates the use of approved floor adhesives that meet specific
performance and safety criteria. The enforcement of construction regulations
and standards drives the demand for compliant floor adhesives in the market.
The UAE government has shown a strong commitment to sustainability and green
building practices. Initiatives such as the Estidama Pearl Rating System and
the Dubai Green Building Regulations promote energy efficiency, environmental
conservation, and reduced carbon emissions in construction projects. As a
result, there is a growing demand for eco-friendly and low-VOC floor adhesives
that contribute to sustainable building practices. Favorable government
policies and incentives that encourage the adoption of such adhesives drive the
market growth in this segment. The UAE government has been actively supporting
the growth of small and medium enterprises (SMEs) in various sectors, including
construction. This support includes providing access to financing, streamlined
business regulations, and fostering an entrepreneurial ecosystem. These
initiatives create opportunities for local floor adhesive manufacturers and
suppliers, promoting market growth by encouraging the participation of SMEs and
stimulating competition. The UAE government has established free zones and
implemented policies that facilitate international trade and foreign
investment. These free zones offer favorable tax regimes, simplified customs
procedures, and business-friendly regulations. As a result, the UAE serves as a
regional hub for trading and distribution of construction materials, including
floor adhesives. The government's facilitation of international trade
encourages the entry of global adhesive manufacturers and contributes to market
growth by providing a diverse range of products. The combined effect of these
factors has propelled the demand for floor adhesives and supported the UAE
floor adhesive market growth.
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Key Market Challenges
Volatility
in Prices of Raw Material
As floor adhesive is a crucial component
in construction and interior design projects, fluctuations in raw material
costs have significant implications for manufacturers, suppliers, and
ultimately, consumers. The primary raw materials used in floor adhesive
production include polymers (such as acrylics and vinyl acetates), resins,
solvents, additives, and fillers. Global supply chain disruptions can lead to
shortages or delayed deliveries of essential raw materials. This situation can
severely hamper production schedules and lead to production bottlenecks.
Additionally, manufacturers may be forced to seek alternative raw materials,
compromising the quality and performance of the final product.
Shortage of
Skilled Labor
The floor adhesive market has witnessed
significant technological advancements, and new adhesive application techniques
require workers to adapt and acquire new skills. Without proper training and
exposure to the latest techniques, the workforce may lag behind, impacting
productivity and quality of work. The shortage of skilled workers can lead to
delays in project completion, causing financial losses to construction
companies and affecting their reputation in the market. Moreover, as the demand
for skilled workers rises, so do labor costs, which can impact the overall
profitability of businesses operating in the floor adhesive market.
Key Market Trends
Growing
Preference for High-Performance Adhesives
As the demand for durable, aesthetically
appealing, and long-lasting flooring solutions increases, the UAE floor
adhesive market has seen a significant shift towards high-performance
adhesives. These advanced adhesive products have become increasingly popular
among developers, architects, contractors, and end-users seeking superior
bonding strength, flexibility, and resilience. High-performance adhesives excel
in providing exceptional bonding strength between the flooring material and the
substrate, minimizing the risk of tiles or other flooring elements becoming
loose or dislodged. This attribute not only enhances the safety and durability
of the flooring but also reduces the need for frequent repairs and
replacements, saving both time and money for property owners and facility
managers. High-performance adhesives, particularly those with low-VOC (volatile
organic compounds) formulations, align with the principles of sustainable
construction. Low-VOC adhesives emit fewer harmful chemicals into the air, improving
indoor air quality and contributing to a healthier environment for occupants.
High-performance adhesives offer excellent flexibility, allowing the flooring
to adapt to slight substrate movements without cracking or delaminating. This
characteristic enhances the structural integrity of the flooring system and
reduces the likelihood of damage over time.
Increasing
Adoption of Tile Adhesives
Among various types of floor adhesives,
the adoption of tile adhesives has gained significant traction, driven by their
numerous advantages and the rising popularity of tiles as a flooring choice. Ceramic
and porcelain tiles, in particular, are highly sought after for their ability
to emulate natural stone or wood while offering easier maintenance.
Additionally, tiles are well-suited for the hot and humid climate of the UAE,
as they help keep indoor spaces cool and are resistant to moisture-related
issues. The UAE's construction industry operates at a fast pace, with numerous
projects requiring swift completion. Tile adhesives offer significant
advantages in this regard, as they enable faster and more efficient
installation compared to conventional mortar-based techniques.
Segmental Insights
Resin
Type Insights
In 2022, the floor
adhesives market was dominated by the acrylic adhesives and is predicted to
continue expanding over the coming years. The significant portion is credited to the
qualities of acrylic resins, which offer rapid curing time and enhanced bonding
to challenging substrates. They provide excellent durability against
environmental factors. Acrylic resins are employed in the creation of
water-based and heat-resistant glues, as well as adhesives that cure under
Ultraviolet (UV) light. These are favored for installing resilient and wooden
floors on dry, porous, or uneven surfaces. They exhibit strong resistance to
plasticizer migration and create durable and long-lasting bonds.
End Use Insights
In 2022, the floor adhesives market was
dominated by commercial segment and is predicted to continue expanding over the
coming years. Commercial applications are exposed to heavy footfall zones,
hence necessitate long-lasting flooring like flexible and wooden. In such
flooring uses, glues are essential items and are present in various business
structure uses like workplaces, corner shops, shopping centers, and retail
locations. The growing construction of business structures, for instance,
drugstores, grocery stores, and large retail stores, in recent years is
anticipated to support the expansion of this segment in the future.
Furthermore, there is a strong demand for office spaces, particularly in urban
areas of developing nations, which is also driving the need for high-quality
flooring glues.
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Regional Insights
The Dubai
region has established itself as the leader in the UAE Floor Adhesive Market. Dubai
is dominating the UAE floor adhesive market due to several key factors that
contribute to its significant presence and influence in the construction and
adhesive industries. Dubai's real estate sector is renowned for its ambitious
projects, including iconic skyscrapers, luxury hotels, and massive residential
complexes. These developments drive the need for high-quality floor adhesives
to ensure the proper installation of flooring materials in such large-scale
projects.
Recent Developments
- In 2021, Al Muqarram Industry (AMI), a UAE-based manufacturer received
an investment of USD 54 million from European manufacturing company Soudal
Group. Through this deal, there is a new partnership between the two
companies whose aim is to make AMI one of the largest construction
material manufacturers such as floor adhesive in the Europe, Middle East,
and Africa region.
- In 2019, Sika AG acquired MBCC Group, a German manufacturer of
construction chemicals. This acquisition gave Sika a significant market share
in the UAE floor adhesive market and helped the company to expand its product
range in the region.
Key Market Players
- Al Muqarram Industry LLC
- NAPCO Middle East Limited
- XCHEM International LLC
- Pidilite MEA Chemicals LLC
- Terraco UAE Ltd
- ARDEX MIDDLE EAST FZE
- Al Mehraj Industries Company LLC
- Corrotech Construction Chemicals
- SIKA UAE L.L.C.
- Wacker Chemicals MIDDLE EAST
|
By Resin Type
|
By Technology
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By End Use
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By Application
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By Region
|
By Region
|
|
Polyurethane Adhesive
Epoxy Adhesive
Vinyl Adhesive
Acrylic Adhesive
Others
|
Water-Based Adhesive
Hot-Melt Adhesive
Solvent-Based
Adhesive
|
Residential
Industrial
Commercial
|
Wood
Carpet
Laminate
Tile & Stone
Others
|
Dubai
Abu Dhabi
Sharjah
Rest of UAE
|
Saudi Arabia
UAE
Qatar
Kuwait
Bahrain
Rest of Middle East
|
Report Scope:
In this report, the UAE Floor Adhesive Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- UAE Floor Adhesive Market, By Resin Type:
- Polyurethane
Adhesive
- Epoxy
Adhesive
- Vinyl
Adhesive
- Acrylic
Adhesive
- Others
- UAE Floor Adhesive Market, By Technology:
- Water-Based
Adhesive
- Hot-Melt
Adhesive
- Solvent-Based
Adhesive
- UAE Floor Adhesive Market, By End-Use Industry:
- Residential
- Industrial
- Commercial
- UAE Floor Adhesive Market, By Application:
- Wood.
- Carpet
- Laminate
- Tile
& Stone
- Others
- UAE Floor Adhesive Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the UAE Floor Adhesive Market.
Available Customizations:
UAE Floor Adhesive Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
UAE Floor Adhesive Market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]