Press release
Tile Adhesives Market to Reach USD 9.01 Billion by 2030
Tile Adhesives and Stone Adhesives Market
The global tile adhesives and stone adhesives market is poised for significant growth, projected to expand from USD 5.19 billion in 2023 to USD 9.01 billion by 2030, at a robust CAGR of 8.2% . This surge is fueled by the escalating demand for durable and aesthetically pleasing flooring solutions, coupled with advancements in adhesive technologies.
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◉ Competitive Landscape and Regional Demand
The market is characterized by the presence of key players such as ARDEX Group, Terraco Group, Sika AG, Saint-Gobain Weber, H.B. Fuller, Mapei S.p.A, Fosroc International Limited, Pidilite Industries Limited, Laticrete International, Inc., and Arkema (Bostik) . Asia-Pacific is anticipated to witness the highest growth rate during the forecast period, driven by rapid urbanization, increasing construction activities, and rising awareness about the benefits of tile adhesives
◉ Tile Adhesives and Stone Adhesives Market Country-Specific Developments
Growth Opportunities in Vietnam
Vietnam's construction sector is experiencing rapid growth, leading to increased demand for tile and stone adhesives. The government's focus on infrastructure development and urban housing projects is propelling the market forward.
Trends in Thailand
Thailand is witnessing a surge in residential and commercial construction, boosting the demand for advanced adhesive solutions. The adoption of modern construction techniques is further enhancing market growth.
Technological Advancements in Japan
Japan's emphasis on sustainable construction practices is driving the adoption of eco-friendly tile adhesives. Companies are investing in research and development to introduce innovative products that meet environmental standards.
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Consolidation in South Korea
South Korea's market is experiencing consolidation, with major players expanding their product portfolios through mergers and acquisitions. This strategy aims to cater to the growing demand for high-performance adhesives in the construction industry.
Updation in Singapore
Singapore is updating its building codes to incorporate energy-efficient and sustainable materials, including advanced tile adhesives. The government's initiatives to promote green buildings are fostering market expansion.
Growth in the United States
The United States holds a significant share of the global market, driven by increased residential renovation activities and the adoption of innovative adhesive technologies. The focus on enhancing aesthetic appeal and durability in construction is fueling demand.
Opportunities in China
China's rapid urbanization and large-scale infrastructure projects are creating substantial opportunities in the tile and stone adhesives market. The government's emphasis on sustainable construction is encouraging the use of advanced adhesive solutions.
Trends in Europe
Europe is witnessing steady growth in the market, with countries like Germany and the UK investing in sustainable construction practices. The region's focus on reducing carbon emissions and promoting energy-efficient buildings is driving the adoption of eco-friendly adhesives.
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◉ Key Recent Developments
January 2024: Sika AG announced the acquisition of MBCC Group, aiming to enhance its product offerings in the construction chemicals sector.
March 2024: Mapei S.p.A introduced a new range of eco-friendly tile adhesives, focusing on reducing environmental impact and improving indoor air quality.
June 2024: Pidilite Industries Limited expanded its manufacturing capacity in India to meet the growing demand for tile and stone adhesives in the Asia-Pacific region.
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◉ Tile Adhesives and Stone Adhesives Market Segmentation:
by Chemistry
Cementitious
Epoxy
Others (Acrylic And Polyurethane)
By Chemistry, the Cementitious category dominated the Tile Adhesives and Stone Adhesives Market in 2023, with a CAGR of 7.4%, and is likely to maintain its dominance by the end of the forecast period. Advancements that require the mixing of high-quality polymers to link big ceramic tiles on walls are driving the demand for cementitious adhesives. The advantages of cementitious adhesives include low cost, good adhesion, polymer-modified mix, slip resistance, self-curing capabilities, and the ability to mix large amounts of material in a single batch. The need for these adhesives is predicted to continue rising due of the decrease in thickness of ceramic tiles over time, as well as an increase in their size and enhanced building procedures.
by Construction Type
New Construction
Repairs & Renovation
by End Use
Residential
Commercial
Institutional
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