Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 5.05 Billion | USD 10.16 Billion | CAGR at 8.20% | 2023 |
According to the report published by Zion Market Research, the global Tile Adhesives & Stone Adhesives Market size was valued at USD 5.05 Billion in 2023 and is predicted to reach USD 10.16 Billion by the end of 2032. The market is expected to grow with a CAGR of 8.20% during the forecast period. The report analyzes the global Tile Adhesives & Stone Adhesives Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Tile Adhesives & Stone Adhesives Market industry.
Tile is a single manufactured piece made of hard materials such as stone, metal, ceramic or even glass. They are mainly used for covering the roofs, walls, floors and showers. Adhesives can be interchangeably known as glue, mucilage, cement or paste, which is applied to the surfaces to combine them into a single piece. The tile adhesives are used to glue the tile to the floor. These tile adhesives are very strong and resistant in behavior as it has to last long. Similarly, the stone adhesives are used to glue the stones such as marble and granite to the surfaces.
The tile adhesives and stone adhesives market is globally segmented into chemistry, type of construction, application, and region.
On the basis of the chemistry, the global market is segregated into epoxy, cementitious and others.
Based on the type of construction type the tile adhesives and stone adhesives market is divided into repairs and renovation and new constructions.
The various applications where the tile adhesives and stone adhesives are used include institutional, residential and commercial. Region wise, the tile adhesives and stone adhesives market is diversified into Asia Pacific, North America, Latin America, the Middle East and Africa and Europe.
The major driving factors for the growth of the tile adhesives and stone adhesives market are rising number of residential projects, increase in the use of fiberboard and rubber panels, and the growing awareness about the benefits of the tile adhesives. The innovations in the tile industry such as porcelain tiles are made very thin, which are used in the bathrooms and kitchens and the growing demand for the colorful stones such as granite and marble in the residential products are driving the tile adhesives and stone adhesives market. The other factor that is contributing to the market growth is the stringent rules and regulations for the manufacturing process have compelled the manufacturers to invest in the research and development of the eco-friendly tiling solutions.
Report Attributes | Report Details |
---|---|
Report Name | Tile Adhesives & Stone Adhesives Market Research Report |
Market Size in 2023 | USD 5.05 Billion |
Market Forecast in 2032 | USD 10.16 Billion |
Growth Rate | CAGR of 8.20% |
Number of Pages | 201 |
Key Companies Covered | Sika AG, Saint-Gobain Weber, BASF SE, Fosroc International Ltd., Mapei and Pidilite Industries Ltd. |
Segments Covered | By Chemistry, By Type of construction, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The region that dominates the tile adhesives and stone adhesives market are Asia Pacific. The reason for this growth is attributed to the growing economic rate, increased demand for the ceramic tiles in both the residential and commercial areas and growing demand for the maintenance, renovation, and infrastructure development is triggering the growth of the tile adhesives and stone adhesives market. The other developing regions such as North America and Europe are too contributing a major share in the tile adhesives and stone adhesives market growth. The tile and stone adhesives have a great demand in the regions such as Saudi Arabia, Oman, Kuwait and Qatar owing to the huge developments of the projects in the hospital and hotel sectors.
The major market players in the tile adhesives and stone adhesives market include:
By Chemistry
By Type of construction
By Application
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