A Steady Rise Projected for Tile Adhesives & Stone Adhesives
Tile adhesives and stone adhesives are materials that are used to adhere to ceramic tiles and stone surfaces such as granite, marble, and slate. These adhesives are specifically designed to form a strong bond between the material and the substrate, preventing the tiles from coming loose or cracking over time. Cementitious, acrylic, and epoxy adhesives are the most common types of tile adhesives. Cementitious adhesives, the most traditional and widely used type of adhesive, are composed of cement, sand, and water. Acrylic adhesives are a more recent development that is typically used on lighter surfaces such as porcelain, glass, and ceramic tiles. Epoxy adhesives are the most powerful adhesives available and are ideal for bonding heavy materials like natural stone. 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%.
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The demand for tile and stone adhesives is increasing as more people look to renovate and upgrade their homes. With rising trends in tile and stone installation, there is a greater demand for high-quality adhesive products. Tile and stone adhesives are also used in commercial buildings, such as bathrooms, kitchens, and lobbies. These products are used to create a strong bond between the substrate and the tile, resulting in a more durable and aesthetically pleasing product.
Tile Adhesives & Stone Adhesives Market- Drivers
Increasing Demand for Floor Tiles: A major factor driving the tile adhesives and stone adhesives market is the increasing demand for floor tiles in residential and commercial buildings. In developed countries, the use of high-end floor tiles as a form of interior and exterior design is becoming more popular.
Growing Construction Industry: The growing construction industry, particularly in emerging markets such as China, India, Brazil, and Mexico, is propelling the tile adhesives and stone adhesives market forward. Rising infrastructure projects in these countries are driving demand for building materials such as tiles and stones, which in turn drives demand for adhesive products.
Urbanization: Urbanization is another major driver of the tile adhesives and stone adhesives market, as it is expected to increase the demand for tiles and stones in cities.
Durability and Low Cost: The tile adhesives and stone adhesives market is driven by the fact that these products are durable and cost-effective. They are easy to install and maintain, making them ideal for use in residential and commercial buildings.
Growing Renovation and Remodelling Activities: The growing renovation and remodeling activities in the residential and commercial sectors are expected to further drive the demand for tile adhesives and stone adhesives.
Increasing Demand for Tiles and Stones in the Construction Industry: As tiles and stones are widely used for flooring, wall covering, and other decorative applications, the global tile adhesives and stone adhesives market is primarily driven by the increasing demand for tiles and stones in the construction industry. In addition, tiles and stones are used in residential, commercial, and industrial structures.
The cementitious segment is expected to register highest CAGR, by chemistry, during the forecast period.
During the forecast period, the cementitious segment is expected to have the highest CAGR. Because of their superior properties such as high bond strength, water resistance, and ease of application, cementitious tile adhesives and stone adhesives are becoming more popular in the construction industry. Cementitious adhesives are made of cement, sand, and other additives and are used for ceramic tiles, stone, and other materials. They are strong, hard, and long-lasting, with excellent adhesion and strength. These adhesives are used in flooring, wall cladding, and countertops in residential, commercial, and industrial settings. Furthermore, rising demand for cementitious tile adhesives and stone adhesives in the residential and commercial construction sectors is expected to drive growth.
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The repairs & renovation segment is expected to grow at the same growth rate as new construction in the tile & stone adhesives market during the forecast period.
Due to increased renovation activities around the world, the repairs & renovation segment in the tile & stone adhesives market is expected to grow at the same rate as new construction. The majority of existing buildings are being remodeled or renovated to become more energy efficient, which is driving demand for tile and stone adhesives in the repairs and renovation segment. Increasing consumer preference for renovating existing structures is expected to drive demand for tile and stone adhesives during the forecast period. European and North American countries, where carpets and rugs are most commonly used in flooring, have begun to prefer tiles over traditional flooring methods, which will boost the repairs and renovation segment, gradually increasing demand for tile and stone adhesives.
The tile & stone adhesives market in Asia Pacific is expected to register the highest CAGR during the forecast period.
Some of the major reasons propelling the expansion of the tile & stone adhesives market in the Asia Pacific are the expanding construction sector in the region, rising disposable income, and the rising need for visually pleasing and long-lasting flooring solutions. Further factors driving up demand for tile & stone adhesives in the area include increased urbanization, rising government investments in infrastructure development, and rising rehabilitation and remodeling activities. The market for tile and stone adhesives in the Asia Pacific has also expanded as a result of the availability of a wide variety of products and the presence of numerous local and foreign manufacturers.
Major players operating in the tile & stones adhesives 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) and others.
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