Gurgaon Samachar

Global Tile Adhesives & Stone Adhesives Market to Reach $7.0 Billion by 2027: Growing Construction Activities Fueling Demand

 Breaking News
  • No posts were found

Global Tile Adhesives & Stone Adhesives Market to Reach $7.0 Billion by 2027: Growing Construction Activities Fueling Demand

November 20
20:51 2023
Global Tile Adhesives & Stone Adhesives Market to Reach $7.0 Billion by 2027: Growing Construction Activities Fueling Demand
Browse 182 market data Tables and 57 Figures spread through 194 Pages and in-depth TOC on “Tile Adhesives & Stone Adhesives Market”
Tile Adhesives & Stone Adhesives Market by Chemistry (Cementitious and Epoxy), Construction Type (New Construction and Repairs & Renovation), End Use (Residential, Commercial, and Institutional) and Region

The global tile & stone adhesives market size is projected to grow from USD 4.7 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 8.0%. Tile and stone adhesives are used to create a strong and durable bond between tile/stone and the tiling substrate. These adhesives are used to fix ceramic tiles, porcelain tiles, mosaics, marble, and granite to walls and floors in residential, commercial, and institutional applications. Market growth is attributed to the rising demand for tile & stone adhesives in the growing construction industry in residential, commercial, and institutional end uses across the world. The growth of the market is also triggered by the rising demand for ceramic tiles for decorative applications, the thin tile concept innovation, and advancements in technology related to low VOC emitting products.

Request a Sample of this Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=117335016 

Based on chemistry, the tile & stone adhesives market is segmented into cementitious, epoxy, and others. Epoxy accounted for the largest share and is a major type of tile & stone adhesives. Epoxy adhesives are arguably among the most versatile resins used across industries. They exhibit superior tensile and shear strength, but poor peel strength unless modified with a more resilient polymer. They offer excellent resistance to oil, moisture, and a number of solvents. Low shrinkage on curing and high resistance to creep under prolonged stress are the major characteristics of several high-quality epoxy adhesives.

Based on construction type, the tile & stone adhesives market is segmented into new construction and repairs & renovation. The construction industry is growing at a faster rate as a result of increased spending in residential and institutional applications, for this purpose, globally. These adhesives have a huge market for tile-on-tile application in India, Singapore, and China. Also, the high spending planned by respective governments of developing economies such as Qatar, Oman, Vietnam, Poland, Ukraine, Argentina, and Brazil, is expected to drive the growth of tile adhesives in new construction applications.

Based on end use, the tile & stone adhesives market is segmented into residential, commercial and isntitutional. The institutional segment, which includes hotels, hospitals, schools, colleges, and universities, is projected to register the highest CAGR, in terms of value, during the forecast period. This growth is due to initiatives taken by government organizations to boost education, medical, and tourism activities globally. The leading countries in these segments include Sweden, Oman, Kuwait, India, Qatar, Thailand, and Malaysia.

The tile & stone adhesives market in Asia Pacific is projected to register the highest CAGR, in terms of value, between 2022 and 2027. Asia Pacific is the largest consumer of tile & stone adhesives, as almost 60-70% of the total Asia Pacific flooring market is dominated by ceramic tiles and natural stones such as marble and granite. The increasing awareness about the benefits of tile adhesives, improved tile strength & slip resistance, low VOC emitting products, and a large number of residential construction activities in Vietnam, Singapore, Malaysia, India, and China are fueling the growth of the tile & stone adhesives market.

Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=117335016  

The tile & stone adhesives market has various small, medium, and large players. Some of the major market players include ARDEX Group (Germany), Terraco Group (UAE), Sika AG (Switzerland), Saint-Gobain Weber (France), H.B. Fuller (US), Mapei S.p.A (Italy), Fosroc International Limited (UK), Pidilite Industries Limited (India), Laticrete International, Inc. (US), and Arkema (Bostik) (France) among others, have framed their strategies to penetrate and create bases in these emerging markets. Moreover, major companies are focusing on strengthening their R&D facilities to provide efficient and sustainable products. These products are manufactured adhering to regulations implemented by associations and governments. All such developments are expected to lead to the sustainable development of players in the tile & stone adhesives market over the next five years.

Read Our Trending Press Release Below:

Cladding Systems Market – Global Forecast to 2028

Carbon Fiber Market– Global Forecast to 2032

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/tile-stone-adhesive-market-117335016.html