The ceramic tile adhesive global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ceramic Tile Adhesive Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ceramic tile adhesive market size has grown rapidly in recent years. It will grow from $19.00 billion in 2023 to $20.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to rising disposable incomes and growing economies, increasing construction activities, increase in demand for high-performance ceramic tile adhesives, growth in renovation and remodeling projects.
The ceramic tile adhesive market size is expected to see rapid growth in the next few years. It will grow to $31.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increase in demand for high-performance ceramic tile adhesives, increasingly turning to epoxy-based ceramic adhesives, growth in digitalization and e-commerce, increasing demand for aesthetic improvements, increasingly turning to epoxy-based ceramic adhesives. Major trends in the forecast period include technological innovations, technological advancements, product innovation, partnerships and collaborations, specialization for diverse applications.
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Scope Of Ceramic Tile Adhesive Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ceramic Tile Adhesive Market Overview
Market Drivers –
The increasing construction activities are expected to propel the growth of the ceramic tile adhesive market going forward. Construction activities refer to the various tasks and processes involved in building, renovating, or altering structures and infrastructure. The increasing construction activities are due to several factors, such as economic growth, infrastructure development, and population growth. Ceramic tile adhesive enhances construction activities by ensuring durable, high-quality installations. They are used for securely bonding tiles to surfaces, ensuring durability and preventing cracks. For instance, in March 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, there were 30,992 new private house dwellings, representing a 3.7% rise from December 2023 and a 14.6% increase from March 2023. Additionally, completions of other private new residential buildings increased to 14,844 dwellings, marking a 5.6% rise compared to December 2023. Therefore, the increasing construction activities drive the growth of the ceramic tile adhesive market.
Market Trends –
Major companies in the ceramic tile adhesive market are focusing on developing innovative products, such as gel adhesives, to improve durability and flexibility, ensuring better performance in various conditions. Gel adhesives are a type of adhesive with a thick, gel-like consistency that provides excellent control during application and strong bonding properties. They are often used when precise application is needed, and they have a slower curing time, allowing for better adjustment and placement of materials. For instance, in May 2022, Kerakoll, an India-based building materials manufacturer, launched New H40 Gel Adhesives to Replace Biogel Adhesives, offering enhanced high adhesion and deformability properties. This development aims to provide a more robust and flexible bonding solution, improving the durability and performance of tile installations in various challenging conditions. H40 is a thixotropic tile adhesive with a gel-like consistency, offering exceptional performance across all materials and substrates. It has become the preferred choice for both indoor and outdoor tiling applications. Available in grey or white, it comes in 20kg bags. Kerakoll H40 Advanced Gel Tile Adhesive is a flexible, rapid-setting, thixotropic adhesive with a gel-like texture. It provides strong adhesion and high deformability, with no slumping or slipping.
The ceramic tile adhesive market covered in this report is segmented –
1) By Type: Epoxy, Acrylic, Silicone, Cyanoacrylate, Other Types
2) By Application: Wood Floor Pasting, Tiled Floor Pasting, Polyethylene Floor Pasting, Stonefloor Passing
3) By End-User: Residential, Commercial, Industrial
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Regional Insights –
Asia-Pacific was the largest region in the ceramic tile adhesive market in 2023. The regions covered in the ceramic tile adhesive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ceramic tile adhesive market are BASF SEBASF SE, Henkel AG & Co. KGaA, AkzoNobel N.V., Sika AG, H.B. Fuller Company, Bostik, Pidilite Industries, JK Cement Ltd., Fosroc International Limited., Laticrete International Inc., Sakrete, Building Adhesives Ltd., Tammy, Davco Construction Materials, ParexDavco, Cemix Products Ltd., Mapei S.p.A, Oriental Yuhong, Norcross Adhesives, Weber Building Solutions, Ardex Group, Terraco Group, Aston Global Inc.
Table of Contents
1. Executive Summary
2. Ceramic Tile Adhesive Market Characteristics
3. Ceramic Tile Adhesive Market Trends And Strategies
4. Ceramic Tile Adhesive Market – Macro Economic Scenario
5. Global Ceramic Tile Adhesive Market Size and Growth
…
32. Global Ceramic Tile Adhesive Market Competitive Benchmarking
33. Global Ceramic Tile Adhesive Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ceramic Tile Adhesive Market
35. Ceramic Tile Adhesive Market Future Outlook and Potential Analysis
36. Appendix
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