he global tile adhesive market is poised for significant growth, projected to reach a valuation of USD 5.2 billion by 2033, registering a robust CAGR of 6.9% during the forecast period. This growth is driven by increasing construction and renovation activities across residential, commercial, and industrial sectors, particularly in emerging economies. The rising adoption of advanced tiling solutions for enhanced durability, aesthetics, and ease of application is further propelling demand. Additionally, growing urbanization, the expansion of the real estate sector, and a shift towards sustainable and eco-friendly adhesive products are contributing to the market’s expansion.
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.
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.
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
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Competitive Landscape
The market for tile adhesives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.
Leading Players in the Tile Adhesive Market
- 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
Country-wise Insights on Tile Adhesive Market
United States: Green Construction Driving Market Growth
The U.S. accounted for 87.7% of North America’s tile adhesive market in 2022, with demand expected to grow at a 6.7% CAGR. Green construction techniques, focusing on sustainability and cost reduction, are fueling demand in the residential sector, creating an absolute dollar opportunity of USD 315.7 million by the end of the forecast period.
Germany: Affordable Housing Boosts Demand
Germany’s tile adhesive market is projected to grow at a 6.4% CAGR, creating an absolute dollar opportunity of USD 65.8 million. Government initiatives to construct 400,000 housing units annually, including 100,000 publicly subsidized homes, are driving market growth, supported by increased subsidies and a dedicated housing ministry.
China: Wall Tile Adhesives Gaining Traction
China leads East Asia’s tile adhesive market, expected to account for over 70% of the regional share in 2023 with an 8.1% CAGR. The government’s infrastructure initiatives, focusing on R&D facilities and innovation hubs, are propelling demand for wall tile adhesives in the country.
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