Global Tile Adhesives & Stone Adhesives Market is estimated to be US$ 8.8 billion by 2030 with a CAGR of 8.9% during the forecast period

Download Sample

Published Date: April 2023

The Global Tile Adhesives & Stone Adhesives Market accounted for US$ 3.76 billion in 2020 and is estimated to be US$ 8.8 billion by 2030 and is anticipated to register a CAGR of 8.9%. Adhesive, also known as glue, cement, mucilage, or paste, is any non-metallic substance applied to one or both surfaces of two separate items that binds them together and resists their separation. The use of adhesives offers certain advantages over other binding techniques such as sewing, mechanical fastenings, or welding. These include the ability to bind different materials together, the more efficient distribution of stress across a joint, the cost-effectiveness of an easily mechanized process, and greater flexibility in design. Adhesives are typically organized by the method of adhesion followed by reactive or non-reactive, a term which refers to whether the adhesive chemically reacts in order to harden. Alternatively, they can be organized either by their starting physical phase or whether their raw stock is of natural or synthetic origin.

The report " Global Tile Adhesives & Stone Adhesives Market, By Product Type (Cementitious and Epoxy), By Manufacturing Activity (New construction and Repairs & Renovation), By End-user Industry (Residential, Commercial, and Institutional), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

In 2019, Pidilite launches TVC for tile adhesive brand Roff, Roff, leading tile adhesive brand from the house of Pidilite Industries, has unveiled its first TVC themed around ‘Roff mein hain magar ki jakkad’. Roff is an environmentally safe and economical additive for cement and offers a comprehensive range of Tile and Stone fixing solutions. Roff not just improves the strength of cement but also enhances its workability for fixing tiles.
In November 2019, Bostik Inc., launched a Born2bond™, a range of new engineering adhesives. This brings a new range of innovative engineering adhesives designed for ‘by-the-dot’ bonding applications in selected industries, such as electronics, automotive, luxury packaging, medical devices, and MRO.

Analyst View:

Rapidly growing number of residential projects and an increase in the usage of ceramic and thin porcelain decorative tiles is the major factor driving growth of the global market. In addition, wide utilization of ceramic tiles in the home or commercial establishments as the ceramic tiles are more durable and exhibit superior resistance to moisture and abrasion is also boosting growth of the global market globally. The expansion of construction sector and ever growing residential projects across the globe due to rapid industrialization and increase in disposable incomes of the consumer will also provide significant growth in the global market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Tile Adhesives & Stone Adhesives Market, By Product Type (Cementitious and Epoxy), By Manufacturing Activity (New construction and Repairs & Renovation), By End-user Industry (Residential, Commercial, and Institutional), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”

Key Market Insights from the report:

The Global Tile Adhesives & Stone Adhesives Market accounted for US$ 3.76 billion in 2020 and is estimated to be US$ 8.8 billion by 2030 and is anticipated to register a CAGR of 8.9%. The Global Tile Adhesives & Stone Adhesives Market is segmented based on the Product type, Manufacturing activity, End-user industry and region.

By Product Type, the Global Tile Adhesives & Stone Adhesives Market is segmented into Cementitious and Epoxy.
By Manufacturing Activity, the target market is segmented into New Construction & Repairs and Renovation.
By End-user Industry, the target market is segmented into residential, commercial, and institutional.
By region, the Global Tile Adhesives & Stone Adhesives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global tile adhesives and stone adhesives market. This is mainly attributes due to increased demand for the ceramic tiles in both the residential and commercial areas, growing economic rate and demand for the maintenance, renovation, and infrastructure development.

Competitive Landscape:

The key players operating the global Tile Adhesives & Stone Adhesives market involves Bostik Inc., Mapei, Ardex GmbH, Laticrete, Saint-Gobain Webe, Sika AG, BASF SE, and Fosroc International Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period