Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.5 billion | USD 51.92 million | 14% | 2023 |
The global tile adhesive market size was evaluated at $21.5 billion in 2023 and is slated to hit $51.92 million by the end of 2032 with a CAGR of nearly 14% between 2024 and 2032.
Tile adhesive plays a key role in ensuring the longevity and durability of tile surfaces. For the record, it is a particular kind of cement or glue that is utilized in bonding tiles to various kinds of substrates including rooftops, floors, countertops, and walls. Furthermore, the product acts as a bonding agent between the substrate and the tile. In addition to this, the product offers flexibility, bonding strength, stability, and durability to tiles.
Beneficial product features to spur the growth of the industry across the globe by 2032
Favorable product features such as moisture control and water resistance are likely to boost the expansion of the global tile adhesive market. Apart from this, tile adhesives are easy to use and cost-effective, thereby driving global market trends. A surge in urbanization and migration of people from remote areas to urban ones will promote the growth of the market across the globe. An increase in the construction activities in the residential sector is anticipated to spearhead the expansion of the market globally. Furthermore, a surge in the refurbishment & reconstruction activities along with a surge in the popularity of marble & tiles in the real estate sector will embellish the expansion of the market across the globe.
An increase in product costs can impede the expansion of the global industry by 2032
A rise in product prices owing to oscillating raw component costs and supply chain disruptions can impede the growth of the global tile adhesive industry.
Lower deployment costs and strong adhesive features are likely to open new vistas of growth for the global market
Ease of installation along with a need for effective tile alignment & leveling is anticipated to open new growth avenues for the global tile adhesive market. In addition to this, the need for effective bonding strength is likely to pave the way for humongous growth of the global market.
Stringent enforcement of legislation over GHG emissions can challenge the global industry surge over 2024-2032
Strict government norms related to carbon emissions to control environmental degradation have severely impacted the expansion of the global tile adhesive industry.
The global tile adhesive market is divided into type, polymer chemistry, application, and region.
In type terms, the tile adhesive market across the globe is bifurcated into reaction tile adhesive, cementitious, and dispersion segments. Additionally, the cementitious segment, which gathered nearly 71% of the global market earnings in 2023, is expected to record the fastest annual growth rate in the forecast timeline. The expansion of the segment in the next few years can be owing to a surge in the number of construction projects in the residential sector.
Based on polymer chemistry, the global tile adhesive industry is divided into acrylic, epoxy, polyurethane, vinyl acetate ethylene, have-veova, and epoxy styrene butadiene segments. Moreover, the vinyl acetate ethylene segment, which accumulated approximately 68% of the global industry share in 2023, is predicted to make lucrative contributions towards the global industry growth in the coming eight years. The segmental expansion in the ensuing years can be credited to escalating product demand in packaging, electrical & electronics, and solar power sectors.
Based on the application, the tile adhesive market across the globe is sectored into ceramic tile, mosaic, glass, vitrified tiles, and natural stone segments. Furthermore, the ceramic tile segment, which garnered nearly 67% of the global market earnings in 2023, is slated to dominate the segment in the upcoming years. The growth of the segment in the ensuing years can be owing to a prominent increment in the use of tiles for decorative purposes.
Report Attributes | Report Details |
---|---|
Report Name | Tile Adhesive Market |
Market Size in 2023 | USD 21.5 Billion |
Market Forecast in 2032 | USD 51.92 Billion |
Growth Rate | CAGR of 14% |
Number of Pages | 217 |
Key Companies Covered | Pidilite Industries Ltd, Fosroc India, BASF India Ltd, MYK LATICRETE INDIA PVT LTD, Saint-Gobain Weber, Huntsman Corporation., and others. |
Segments Covered | By Type, By Application, By Polymer Chemistry, 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 |
North America is expected to maintain its leadership status in the global market in the next couple of years
North America, which contributed approximately 55.6% of the global tile adhesive market size in 2023, is expected to maintain dominance in the global market space in the forecasting years. Furthermore, the regional market surge in the upcoming decade can be due to a rise in industrialization, urbanization, and residential constructions in countries such as Canada and the U.S. Moreover, the growing manufacture of the products along with their export to third world countries has accounted majorly towards the regional market earnings.
The European tile adhesive industry is projected to record the fastest growth rate in the next decade owing to key manufacturers of product establishing their headquarters in countries such as the UK, Germany, and France. Apart from this, a rise in the expenditure on interior designs along with a surge in the per capita income will bolster the expansion of the industry in the continent.
The global tile adhesive market profiles key players such as:
By Type
By Application
By Polymer Chemistry
FrequentlyAsked Questions
Tile adhesive plays a key role in ensuring the longevity and durability of tile surfaces. For the record, it is a particular kind of cement or glue that is utilized in bonding tiles to various kinds of substrates including rooftops, floors, countertops, and walls.
The global tile adhesive market growth over the forecast period can be owing to an increase in the construction activities in the residential sector.
According to a study, the global tile adhesive industry size was $21.5 billion in 2023 and is projected to reach $51.92 billion by the end of 2032.
The global tile adhesive market is anticipated to record a CAGR of nearly 14% from 2024 to 2032.
The European tile adhesive industry is set to register the fastest CAGR over the forecasting timeline owing to key manufacturers of product establishing their headquarters in countries such as the UK, Germany, and France. Apart from this, a rise in the expenditure on interior designs along with a surge in the per capita income will bolster the expansion of the industry in the continent.
The global tile adhesive market is led by players such as Pidilite Industries Ltd, Fosroc India, BASF India Ltd, MYK LATICRETE INDIA PVT LTD, Saint-Gobain Weber, and Huntsman Corporation.
The global tile adhesive market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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