Tile Adhesive Market Share 2018 Leading Players - Bostik, Sika AG, Saint Gobain Weber, Wacker Chemie AG, BASF SE, DowDuPont, Inc, 3M, Henkel AG & Co KgaA, H.B. Fuller, Fosroc International, and Mapei SpA

Global Tile Adhesive Market – Overview

Tile Adhesive, sometimes also referred as glue mud or Ceramic tile adhesive, is a uniquely innovated, inorganic hybrid material, having a greater bonding capacity, as compared to the mixture of cement and sand. These adhesives, with their high bond strength and ultimate flexibility, demonstrate excellent resistance to chemical, shock & impact. Hence, Tile adhesives have completely replaced the conventional tile adhesive material. With its unique features, these adhesives have been easing the whole tiling gamut, eliminating the risk of falling the Tile off from its position.

These Adhesives, also aid in modern decoration, enhancing the whole process of decoration, aesthetically and effectively. Tile Adhesives are widely utilized for modern embellishments and are extensively used in various applications, during flooring and coating including residential, commercial, and industrial construction. Whether it’s merely about paving the terrace or waterproofing of wall/ roof or wall skirting or even a high profiled job like building airports and swimming pools, Tile Adhesive is an integral part of all. Resultantly, the Tile Adhesive market is ever increasing.

Acknowledging the spurting growth the market is perceiving currently & the potential the market holds to grow globally, the leading research firm ‘Market Research Future’ (MRFR) has recently published a study report mapping companies active in the industry. In its market analysis, MRFR asserts that the Global Tile Adhesive Market will garner USD 3.3 Billion by 202, growing at 9.29% CAGR during 2017 to 2023.

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Global Tile Adhesive Market – Competitive Analysis

With the presence of numerous matured & small key players accounting for a substantial market share, this market appears to be fiercely competitive & fragmented. The market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch.

The competitive landscape of the Global Tile Adhesive Market is determined by evaluating various market participants along with their production capacity, production chain, and the revenue generated by each manufacturer.

Developing tailor-made adhesives is the latest trend observed in the market during the analysis. Resultantly, this trend is expected to drive the market competition intensely. Manufacturers having the ability to manufacture exclusive adhesive based on the consumers’ requirement are expected to gain a competitive edge over their rivals.

Industry/Innovation/Related News

May 01, 2018 – Splash Paints and Plastics (Zimbabwe), a notable player in the in the paint, plastic and adhesive manufacturing, announced the successful completion & commission of the first phase of its new plant, opened in Harare.

Tile Adhesive Market – Regional Analysis

Globally, Asia Pacific region accounts for the largest market for Tile Adhesives followed by North America and Europe respectively. Augmented demand from the burgeoning construction industry is driving the market growth in the region. Other factors that drive the market growth include growing population, increased disposable income of consumers along with the increasing government initiatives for infrastructure development and collaboration with foreign investors. Continuing with the same trends the APAC market is expected to retain its dominance during the review period, registering a CAGR of 9.68% during the forecast period – 2017 – 2023. Owing to the growing construction activities, China among the other APAC countries accounts for the largest contributor to the regional market growth.

North America region stands the second largest market for Tile Adhesive owing to the enormous contribution from the US market, fueled by the augmenting demand from the growing construction activities in the country. Many foreign manufacturing companies have expanded their manufacturing capacity in the country which in turn, is bringing down the import rate sufficing domestic orders more quickly while manufacturing tailored products suiting the needs of the US consumers.

In Latin America, the market is estimated to witness a remarkable growth owing to the increasing industrial activities primarily, impacting the regional market growth.

The Europe Tile Adhesive Market accounts for the third largest market globally. The resurging economy is fuelling the building & construction sector in the region. Conversely, the stringent environmental regulations imposed on the uses of products emitting VOC (volatile organic compounds) are hampering the market growth on a large scale. Nevertheless, augmenting demand for the product in the industrial, decorative, and others applications is expected to drive the regional market growth up to some extent.

The MEA (the Middle East & Africa) market is anticipated to perceive a considerable market growth during the assessment period, owing to the increasing infrastructure development projects in the region.

There has been strong growth in the construction sector globally, especially in countries such as China, India, the US, and Brazil among others.

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