The tile adhesives & stone adhesives 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.
Tile Adhesives & Stone Adhesives 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 tile adhesives & stone adhesives market size has grown rapidly in recent years. It will grow from $4.54 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. 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 $7.75 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. 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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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.
Market Drivers –
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.
Market Trends –
Technological advancements in the tile adhesives and stone adhesives market are a key trend gaining popularity in the tile adhesive and stone adhesive markets. Major companies operating in the market are introducing new technologies such as Glass Tile Adhesive Lite, which is manufactured by crystalline silica levels and OSHA action levels, to sustain their position in the market. For instance, in February 2021, Laticrete, a US-based manufacturer of tile and stone installation materials, introduced an adhesive mortar for glass tiles and mosaic tiles. It is made up of a superior lightweight formula that increases bond strength, has a long open time, and has non-sag performance. The help of crystalline silica levels and OSHA action levels helps to increase its lightweight and performance features and provides a white color that doesn’t affect the design of clear or translucent tiles.
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
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Regional Insights –
North America was the largest region in the tile adhesives and stone adhesives market in 2023. Asia-Pacific 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.
Key Companies –
Major companies operating in the tile adhesives & stone adhesives market include 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
Table of Contents
1. Executive Summary
2. Tile Adhesives & Stone Adhesives Market Report Structure
3. Tile Adhesives & Stone Adhesives Market Trends And Strategies
4. Tile Adhesives & Stone Adhesives Market – Macro Economic Scenario
5. Tile Adhesives & Stone Adhesives Market Size And Growth
…..
27. Tile Adhesives & Stone Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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