Demand for residential, industrial and commercial developments are expected to drive the growth of global tile adhesive market in the forecast period, 2023-2027
According to TechSci Research report, “Tile Adhesives Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global tile adhesive market is anticipated to observe an impressive growth for the forecast period, 2023-2027. The major factors are rapid urbanization, modernization, and industrialization, which increase the demand of tile adhesive market globally. Developed and developing countries are majorly focusing on investing in infrastructures and several development projects, which fuels the growth of the tile adhesive market. Also, Growth in residential construction activities can be seen due to the migration of individuals from rural places to urban cities. Therefore, growing use of tiles for covering walls and new flooring techniques have propelled the tile adhesive industry. However, due to the multiple flooring substitutes such as wooden flooring, vinyl flooring and composite flooring, reduce in demand of tile adhesives is seen.
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The global tile adhesive market is segmented into type, polymer chemistry, usage area, application, end use and region. Based on type, the market is divided into cementitious, dispersion, and reactive.
Based on polymer chemistry, the market is divided into epoxy, acrylic, polyurethane, styrene butadiene, and others. Based on usage area, the market is divided into internal, external, dry and wet areas. Based on application, the market is divided into wall tile, floor tile, roof and ceiling tile. Based on end use, the market is divided into residential, commercial, and institutional
Based on type, the market is divided into cementitious, dispersion, and reactive. Cementitious tile adhesives have the significant market share in tile adhesive market as the fact that people are becoming more aware of tile adhesives such as durability and long lastingness of tiles. Furthermore, they are water resistant, easily available, cost advantage which bolster the growth of cementitious tile adhesive in upcoming years.
Based on polymer chemistry, the market is divided into epoxy, acrylic, polyurethane, styrene butadiene, and others. Epoxy based tile adhesive has the high CAGR as they stick better to the surface, is nonporous, and durable. They also provide an excellent resistance to oil, moisture, and several solvents. Low shrinkage on curing and high resistance to slink under persistent stress are the major traits of epoxy adhesives.
Based on usage area, the market is divided internal, external, dry and wet areas. External areas hold the significant market share as popularity of open spaces such as outdoor gyms, play arenas, swimming pools, hotels, cafes and lounges are being opened. These areas are made eye appealing and attractive, due to which demand of tile adhesives has been witnessed to increase in forthcoming years.
Based on application, the market is bifurcated into wall tile, floor tile, roof and ceiling tile. Among others, floor tiles capture the significant market share of the tile adhesive market, globally as they are cost effective, can be installed very easily in a few days, and are easily cleaned.
Based on end use, the market is divided into residential, commercial, and institutional. Institutional sub-segment which includes schools, hotels, colleges and universities is projected to dominate the tile adhesive market for the forecast period 2023-2027. Due to rapid urbanization and industrialization, governments have taken initiatives to boost education, tourism, and medical sector, which increases demand for tile adhesives.
Major operating companies operating in global tile adhesive market are:
- Sika AG
- Dow Chemicals Company
- Arkema Group
- ARDEX Group
- Terraco Group
- Saint-Gobain Webe
- Mapei S.p.A
- H.B. Fuller Company
- Fosroc International Limited
- Pidilite Industries Limiteds
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“The Asia-pacific region dominates the market and is predicted to maintain its dominance in the upcoming years due to the rise in demand for residential as well as commercial units. Asia-pacific is one of the fastest growing tile adhesive markets in the world. Moreover, the nation in the Asia-pacific are determinedly investing on the infrastructures due to which the tile adhesive maket is projected to grow through 2027 “ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Tile Adhesive Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Cementitious, Dispersion, Reactive), By Polymer Chemistry (Epoxy, Acrylic, Polyurethane, Styrene Butadiene, Others), By Usage Area (Internal, External, Dry and Wet Areas), By Application (Wall Tile, Floor Tile, Roof & Ceiling Tile), By End Use (Residential, Commercial, Institutional), and By Region”, has evaluated the future growth potential of tile adhesive 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 global tile adhesive market.
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