Rising number of infrastructural projects in the region are the key factor that drives the gulf cooperation council putty and white cement-based tile adhesive market in the forecast period, 2023-2028.
According to TechSci Research report, “GCC Putty and White Cement Based Tile Adhesives market – By Region, Competition Forecast and Opportunities, 2018-2028″, The GCC putty and white cement-based tile adhesives market is expected to grow at an impressive rate during the forecast period. Tile adhesive is used to adhere natural stone, ceramic effectively, and porcelain tiles on typical building surfaces such as concrete, sand render, screeds, brick, block work, and existing tiled surfaces. It is a polymerized Portland cement treated with aggregate particles and additives used to install tiles in housing and commercial buildings on floors or walls. The requirement for skilled labor, availability of substitutes, and competition is expected to hinder the growth of putty and white cement-based tile adhesive.
The primary factor responsible for the demand for the GCC putty and white cement-based tile adhesive market in the projected period are rising number of residential and large-size construction projects in the region. Apart from these, the harsh environmental condition damaging the existing tiles and floor can propel the demand for the GCC putty and white cement-based tile adhesive market. Furthermore, government initiative and vision to enhance the economy and infrastructure is expected to drive market demand. Thus, all the mentioned factors are going to drive the GCC Putty and White Cement Based Tile Adhesives market growth for the projected period.
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GCC putty and white cement-based tile adhesive market has been segmented based on type, polymer chemistry, usage area, application, pack size, and end use.
Based on type, the market is segmented into cementitious and dispersible polymer powder. Among these, the cementitious polymer powder segment is expected to hold the largest market share in the forecast period, 2023-2028. The vast uses of cementitious polymer powder in construction activities like tile adhesives, external wall putty, construction adhesives, building binders, joint mortars, plasters, filling compositions such as floor filling compositions, concrete repair joints, waterproofing membrane applications and crack isolation membranes is expected to make cementitious polymer powder dominate the segment.
Based on usage area, the market is divided into internal, external, dry, and wet areas. The wet areas segment is expected to lead the market in 2023-2028. Owing to the rising number of tourist and migrant worker, the number of construction of pools and washrooms are expected to rise in the projected period and make the wet areas segment dominate the segment.
Based on end-user, the market is divided into residential, commercial, and institutional. Amongst these, the Commercial segment is projected to hold the major share of the market in the forecast period of 2023-2028. A large number of expanding commercial places and increasing tourism are the major reason to propel the demand for the putty and white cement-based tile adhesive market in the projected period.
Major companies operating in GCC putty and white cement-based tile adhesives market are:
- Sika AG
- Terraco Group
- Envirocon L.L.C.
- Bostik SA (Arkema)
- JK Cement Limited
- Ultratech Cement (Aditya Birla Group)
- Asian Paints Limited
- Saint-Gobain (Weber)
- Saudi Vetonit Co. Ltd.
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“Saudi Arabia is expected to dominate the GCC Putty and White Cement Based Tile Adhesives market in the upcoming years due to the rapidly growing construction market, high disposable income, and increasing tourism. Saudi Arabian government initiatives such as vision 2030, Neom City, and other private-public initiatives to propel the demand for the product are expected to drive the demand for the putty and white cement-based tile adhesives market in the region.
The primary factor that is going to propel the demand for the GCC putty and white cement-based tile adhesives market is the rising number of infrastructural projects in the region. Harsh climate conditions and growing population due to migration and tourism are other factors to propel the demand of the market growth. Government and public projects like Yas Bay, Diriya Gate, National Aquarium, Beachfront, Qiddiya Entertainment City, Sea World, and Expo 2020 are the reason that is going to propel the demand for putty and white cement-based tile adhesives market growth until 2028.” said Mr. Karan Chechi, Research Director with TechSci research, a research based global management consulting firm.
“GCC Putty and White Cement Based Tile Adhesives Market- Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Cementitious, Dispersible Polymer Powder), By Polymer Chemistry (Acrylic, Epoxy, Polyurethane, Others), By Usage Area (Internal, External, Dry and Wet Areas), By Application (Wall Tile, Floor Tile, Roof & Ceiling Tile), By Pack Size (Up to 20Kg, 20Kg-40Kg, 40Kg & Above), By End Use (Residential, Commercial, Institutional), By Country, By Company,, has evaluated the future growth potential of GCC putty and white cement based tile adhesives market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in GCC putty and white cement-based tile adhesives market.”
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