Tile Adhesives Stone Adhesives Market Anticipated being Valued at US 70 Billion by 2027
The report "Tile Adhesives & Stone Adhesives Market by Chemistry (Cementitious and Epoxy), Construction Type (New Construction and Repairs & Renovation), End Use (Residential, Commercial, and Institutional) and Region - Global Forecast to 2027" The global tile & stone adhesives market size is projected to grow from USD 4.7 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 8.0%. Market growth is attributed to the rising demand for tile & stone adhesives in the growing construction industry in residential, commercial, and institutional end uses across the world. The growth of the market is also triggered by the rising demand for ceramic tiles for decorative applications, the thin tile concept innovation, and advancements in technology related to low VOC emitting products.
The cementitious chemistry segment is expected to register the fastest growth during the forecast period. The demand for cementitious adhesives is fueled by modifications that require blending high-quality polymers, which enable them to bond huge ceramic tiles on walls. The advantages of using cementitious adhesives are their low cost, excellent adhesion properties, polymer-modified mix, slip resistance, self-curing properties, and the ability to mix large quantities of material in a single batch. Owing to the reduction in thickness of ceramic tiles over time, along with an increase in their size and improved construction techniques, which require continuous surfaces with extremely high architectural value, the demand for these adhesives is expected to remain significant.
Asia Pacific is the largest consumer of tile & stone adhesives, as almost 60-70% of the total Asia Pacific flooring market is dominated by ceramic tiles and natural stones such as marble and granite. The increasing awareness about the benefits of tile adhesives, improved tile strength & slip resistance, low VOC emitting products, and a large number of residential construction activities in Vietnam, Singapore, Malaysia, India, and China are fueling the growth of the tile & stone adhesives market.
Major players operating in the tile & stones adhesives include ARDEX Group (Germany), Terraco Group (UAE), Sika AG (Switzerland), Saint-Gobain Weber (France), H.B. Fuller (US), Mapei S.p.A (Italy), Fosroc International Limited (UK), Pidilite Industries Limited (India), Laticrete International, Inc. (US), and Arkema (Bostik) (France).