The global tile adhesive market is poised for significant growth, with its valuation anticipated to rise from USD 2.67 billion in 2023 to USD 5.2 billion by 2033. This expansion represents a robust compound annual growth rate (CAGR) of 6.9% throughout the forecast period. Driven by increasing demand in both residential and commercial construction sectors, advancements in adhesive technologies, and rising investments in infrastructure development, the market is expected to experience a substantial upsurge. As construction activities accelerate globally, tile adhesives will play a crucial role in ensuring durable and high-performance installations.
The rising number of commercial and residential development and renovation projects worldwide is expected to drive the demand for flooring, consequently increasing the demand for tile and stone adhesives. Additionally, government initiatives aimed at promoting industrial expansion, tourism, and development are further expected to contribute to market growth. For instance,
- The government of India has committed to investing US$ 1.4 trillion in the National Infrastructure Pipeline (NIP) by 2030, with 16% allocated for urban infrastructure.
In the past decade, the demand for open spaces like outdoor hotels, cafes, play arenas, swimming pools, and lounges has surged. These spaces are designed to be visually appealing and captivating. Luxurious ceramic tiles, stones, and marble flooring are commonly used in their construction.
The thriving tourism sector has led to significant growth in the hotel and accommodation industry. Also, the demand for tile adhesives is expected to be fueled by the increased demand for tiles in the development of such areas.
The urbanization trend in developing countries, driven by employment opportunities and a higher quality of life, leads to increased infrastructure construction. This, in turn, boosts the demand for tile and stone adhesives, specifically ceramic tile adhesives.
Various regions experience significant development in civic infrastructure. Governments of developing countries like India are actively promoting the construction industry, such as through schemes like ‘Pradhan Mantri Awas Yojna’, a subsidy program for first-time homebuyers. These initiatives stimulate residential construction demand and drive the market for ceramic tile and stone adhesives.
Key Takeaways
- The market in China is anticipated to expand with a CAGR of 8.1% during the forecast period.
- The demand for tile adhesive in the United States is projected to expand with a significant CAGR of 6.7% from 2023 to 2044.
- By end-use, the residential construction segment is expected to record a CAGR of 7.9% between 2023 and 2033.
- Germany is expected to create demand for tile adhesives with a CAGR of 6.4% during the forecast period.
Increasing demand for luxury homes in urban areas and rising migration from rural areas to urban cities is expected to boost the demand for tile adhesives during the forecast period – comments an FMI Analyst
Competitive Landscape
The market for tile adhesives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.
Key Companies Profiled
- 3M Company
- Henkel AG
- Illinois Tool Works (ITW Plexus)
- Huntsman
- Ashland
- Sika
- H.B. Fuller
- Royal Adhesives
- Uniseal
- Ellsworth Adhesives
- Bickers Klebetechnik GmbH
- wedi GmbH
- 1a Bauchemie GmbH
- AB BECHCICKI Sp
- Akzo Nobel Deco GmbH
Tile Adhesives in High Demand: Explore the Comprehensive Trends and Insights in Our Full Report!
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube