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May 10, 2023
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The market for tile adhesive is expected to reach US$ 4.8 billion by 2032, with sales increasing at a 6.9% CAGR throughout the study period. The market for tile adhesives is anticipated to increase as construction activity rises in both developing and developed countries. In addition, the market is anticipated to see prospects for expansion due to the rising repair and renovation of existing structures.
One of the major drivers propelling the construction chemicals market, which will directly affect the tile adhesive market, is the growth of the residential building and construction industry. Due to the expanding residential and commercial construction activity throughout emerging nations, the demand for chemicals in the construction industry is anticipated to rise.
Demand for tile adhesive is still being driven by changing end-user demand for durable and quick-fix tile adhesive. Sales will also increase during the projection period due to rising knowledge of the advantages of this adhesive, such as its durability and time-saving quality due to its quick mixing ability.
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“Increasing establishment of public infrastructure across rural areas in emerging economies, along with rising construction of smart cities will augment the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
By type, sales in the cementitious segment will increase at a 6.1% CAGR through 2032.
Based on application, the floor segment is anticipated to dominate the market, accounting for about 52.9% of the total market share.
In terms of end use, the residential segment is projected to create an absolute dollar opportunity worth US$ 1.1 Bn Mn during the forecast period.
The U.S. will dominate the North America tile adhesives market, creating an absolute dollar opportunity of US$ 305.8 Mn.
The Germany tile adhesive market will create an absolute dollar opportunity of US$ 62.2 Mn over the forecast period.
Demand in the China tile adhesives market will increase at a 8% CAGR over the assessment period.
In terms of region, tile adhesive sales in East Asia are estimated grow at a CAGR of 7.8%.
Competitive Landscape
3M Company
Henkel AG
Illinois Tool Works (ITW Plexus)
Huntsman
Ashland
Sika
H.B. Fuller
Royal Adhesives
Uniseal
Ellsworth Adhesives
Bickers Klebetechnik GmbH
wedi GmbH
1a Bauchemie GmbH
AB BECHCICKI Sp
Akzo Nobel Deco GmbH
Key Segments Covered in Tile adhesive Industry Analysis
By Type:
Cementitious
Dispersion
Resction Resin
By Application:
Wall
Floor
Ceiling
Others
By End Use:
Residential
Commercial
Industrial and Institutional
By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East & Africa
