According to Market Research Future (MRFR), the global market for tile adhesives is expected to reach USD 3.3 billion, with a CAGR of 9.29% from 2017 to 2023 (forecast period). The report evaluates major players, including a five-year global market analysis, which highlights market growth. The review offers a projection of market opportunities for every region over the next five years. The report also gives an extensive study of Covid-19 impact analysis of the market by type, application, and by regions.
Tile adhesives are used to install tiles on floors or walls in institutional, commercial, and residential buildings. They work on the basis of a cohesive mechanism and adhesion mechanisms. These construction adhesives demonstrate excellent chemical resistance, shock and impact resistance, high bond strength, and ultimate flexibility.
The surge in residential construction activities, increasing infrastructural development activities, and the increasing use of tiles to cover floors and walls in building and construction is expected to boost the growth of the tile adhesive market.
In addition, rising disposable income and increasing consumer interest in the use of decorative and aesthetically pleasing tiles in both the commercial and residential sectors are anticipated to propel the growth of the global tile adhesive market in the coming years.
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The global tile adhesive market has been segmented into type, polymer chemistry, application, and end-user.
On the basis of type, the global market for tile adhesives has been segmented into dispersion, cementitious, and reactive tile adhesives. Cementitious tile adhesive is most widely used to fix tiles. Its modified polymer and water-resistant properties make it ideal for both internal and external applications. As a result, the segment is predicted to rise at the highest CAGR of 9.54% during the forecast period. The dispersion tile adhesive was the second-largest segment by type and accounted for 19.89% of the global market share in 2017.
On the basis of the polymer chemistry, the global market for tile adhesives has been segmented into acrylic, vinyl acetate ethylene, styrene butadiene, have-veova, epoxy, polyurethane among others.
On the basis of application, the global market for tile adhesives has been segmented into ceramic tile, vitrified tiles, mosaic, natural stone, and glass, among others.
On the basis of end-user, the global market for tile adhesives has been segmented into residential, commercial, and institutional segments. The residential segment is predicted to dominate the global market with a market share of 64.5% as of 2017.
Regionally, the global tile adhesive market has been segmented into Middle East & Africa, Latin America, the Asia Pacific, North America, and Europe.
The Asia Pacific held the largest market share by value and volume, followed by North America and Europe. The Asia Pacific region is anticipated to offer enormous growth potential for the tile adhesive market and is plausible to grow at a CAGR of 9.68 % during the forecast period. China accounted for a significant share of the regional market and is estimated to maintain its dominance over the review period due to the region’s increasing construction activities.
Some of the significant participants operating in the global tile adhesive market are Saint Gobain Weber, Bostik, Sika AG, Wacker Chemie AG, BASF SE, DowDuPont, Inc, 3M, Henkel AG & Co KgaA, H.B. Fuller, Fosroc International, and Mapei SpA.
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