Tile Adhesive Market Research Report 2022 Forecast Till 2030 | Fosroc International, Mapei SpA, Saint Gobain Weber, Sika AG, Bostik, BASF SE, Henkel AG
Tile adhesives are used in the installation of tiles in commercial and residential buildings. They possess ultimate flexibility, shock & impact resistance, chemical resistance, and high bonding strength. The global tile adhesive market report by Market Research Future (MRFR) consists of drivers, restraints, opportunities, and challenges for the period of 2018 to 2023 (forecast period). A separate sector entailing the impact of COVID-19 on the industry is written and explored in high detail.
Market Scope
The global tile adhesive
market is slated to touch a valuation of USD 3.3 billion by 2023. It can
display a CAGR of 9.29% over the forecast period. Increasing uses of tiles for
wall and floor coverings, a spike in infrastructural projects, and a rise in
commercial and residential buildings construction are major drivers of the
market. An advantage of tile adhesives compared to the traditional method of
soaking tiles in sand-cement mixture is likely to benefit the market. It can
increase the bond strength between tiles.
Sample link - https://www.marketresearchfuture.com/sample_request/1731
Competition Outlook
Fosroc International, Mapei
SpA, Saint Gobain Weber, Sika AG, Bostik, BASF SE, Henkel AG & Co KgaA,
DowDuPont, Inc, Wacker Chemie AG, 3M, and H.B. Fuller are key players of the
global tile adhesive market.
Initiatives by governments
for renovating old buildings and policies for encouraging tourism are likely to
induce demand for tile adhesives. The rise in disposable income levels of
customers and interest towards pleasing tile designs in residential and
commercial settings can influence the market greatly. Product innovation by
manufacturers in the form of reducing the drying period, increased fatigue
resistance, and others for faster assembling of buildings and structures can
fuel the market.
Segmentation
The global tile adhesive
market is segmented by type, polymer chemistry, application, and end user.
Based on type, the global
tile adhesive market is segmented into reactive tile adhesive, cementitious, and
dispersion. The cementitious segment is expected to dominate the market over
the forecast period by exhibiting a CAGR of 9.54%. Its low price and
water-resistant properties for internal and external uses can fuel the segment
growth. On the other hand, the dispersion segment was the second-largest in
2017.
Speak to Analyst - https://www.marketresearchfuture.com/ask_for_schedule_call/1731
On the basis of the
polymer chemistry, the market is segmented into styrene butadiene, acrylic, epoxy,
vinyl acetate ethylene, have-veova, polyurethane, and others. Acrylic can lead
the global tile adhesive market due to its corrosion resistant property. It is
touted to exhibit 9.31% CAGR over the forecast period.
Based on the application,
the market is segmented into glass, ceramic tile, vitrified tiles, mosaic,
natural stone, and others. Ceramic tiles are likely to generate revenue for the
global tile adhesive market due to their resistance to moisture and abrasion.
Based on the end user, the
market is segmented into residential, commercial, and institutional segments.
The residential segment is expected to lead the global tile adhesive market
till 2023. It accounted for 64.5% share in 2017. This can be attributed to the
uptick in urban renewal and slum redevelopment projects.
Request for Customization –
https://www.marketresearchfuture.com/ask_for_customize/1731
Regional Analysis
MRFR in its report has
offered an in-depth analysis of the market with respect to regions of North
America, the Middle East & Africa (MEA), Latin America, Asia Pacific
(APAC), and Europe.
APAC held the largest
market share in 2017 and predicted to exhibit 9.68% CAGR over the forecast
period. China is expected to be the biggest revenue generator owing to the
sharp rise in infrastructural projects. The India tile adhesive market is
touted to be highly lucrative owing to the use of water-resistant cements for
external and internal uses. North America and Europe follow APAC in second and
third positions respectively.
About Market Research
Future:
Market Research Future
(MRFR) is a global market research company that takes pride in its services,
offering a complete and accurate analysis with regard to diverse markets and
consumers worldwide. Market Research Future has the distinguished objective of
providing the optimal quality research and granular research to clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help
answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
email: sales@marketresearchfuture.com
Comments
Post a Comment