Tile Adhesives Market to be dominated by Constructing Activities in Private and Public Sector through 2027
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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data Figures spread through 110 Pages and an in-depth TOC on "Global
Tile Adhesive Market "
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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