Overview and Scope
Tile adhesives and stone adhesives refer to a specially formulated dry powder that is mixed with water or latex additive to form a consistent paste that helps to permanently adhere or bond materials together. The tile adhesives and stone adhesives are used for fixing tiles on walls, floors, granite, and marble. They also help in fixing large tiles and tiles which are installed in areas with high moisture, as well as ceramic tiles and other stones in the interior and exterior of the house or office.
Sizing and Forecast
The tile adhesives & stone adhesives market size has grown rapidly in recent years. It will grow from <b>$4.54 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. </b> The growth in the historic period can be attributed to construction and infrastructure growth, urbanization and real estate development, industrial and commercial flooring, consumer preference for durable flooring, interior and exterior design .
The tile adhesives & stone adhesives market size is expected to see rapid growth in the next few years. It will grow to <b>$7.75 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. </b> The growth in the forecast period can be attributed to sustainability and green building practices, outdoor and landscape design, digital marketing and e-commerce, industrial flooring solutions, infrastructure rehabilitation. Major trends in the forecast period include green and low-voc adhesives, rapid-curing adhesives, digital tools for product selection, large-format tiles and slabs, resilient flooring solutions.
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Segmentation & Regional Insights
The tile adhesives & stone adhesives market covered in this report is segmented –
1) By Chemistry: Cementitious, Epoxy, Other Chemistry
2) By Construction Type: New Construction, Repairs And Renovation
3) By Application: Ceramic Tiles, Marble Tiles, Mosaic And Glass
4) By End Use: Residential, Commercial, Institutional
<b>North America</b> was the largest region in the tile adhesives and stone adhesives market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the tile adhesives & stone adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
An increase in foreign direct investments (FDI) in construction industries and a rise in urbanization are expected to propel the growth of the tile adhesives and stone adhesives markets going forward. Tiles and stone adhesives help in fixing tiles, which are installed in areas with high moisture, ceramic tiles, and other stones in the interior and exterior of the house or office. For instance, in 2023, according to the Federal government of Mexico, an US-based government website, foreign direct investment from construction totaled $659 million from January to December 2023, divided into reinvestment of earnings ($470 million), inter-company indebtedness ($188 million), and equity capital ($655 thousand). For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, more than 4.3 billion people, or 55% of the world’s population, lived in urban settings, and the number is expected to rise to 80% by 2050. An increase in the urban population increases the construction of buildings. Therefore, an increase in FDI in construction industries and a rise in urbanization are driving the growth of the tile adhesives and stone adhesives market.
Key Industry Players
Major companies operating in the tile adhesives & stone adhesives market include <b> ARDEX GmbH, Sika AG, Saint-Gobain, Pidilite Industries Limited, H B Fuller, Laticrete International, Bostik, Fosroc, Parex Group, Cemex, Custom Building Products, Pidilite Industries, Litokol, Ceresit, Caparol, Fila, Knauf, Lanko, CGM, Dunlop, Wacker Chemie AG, Sakrete, Norcros, ABC, Lankem Ceylon, VitrA, Perlcon </b>
The tile adhesives & stone adhesives market report table of contents includes:
1. Executive Summary
2. Tile Adhesives & Stone Adhesives Market Characteristics
3. Tile Adhesives & Stone Adhesives Market Trends And Strategies
4. Tile Adhesives & Stone Adhesives Market – Macro Economic Scenario
5. Global Tile Adhesives & Stone Adhesives Market Size and Growth
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31. Global Tile Adhesives & Stone Adhesives Market Competitive Benchmarking
32. Global Tile Adhesives & Stone Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Tile Adhesives & Stone Adhesives Market
34. Tile Adhesives & Stone Adhesives Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
ARDEX GmbH
Sika AG
Saint-Gobain
Pidilite Industries Limited
H B Fuller
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