Global Ceramic Tile Adhesive Market By Type (Standard Type, and Strong Type), By Application (vehicle Industry General Mechanical Industry, ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028

Market.biz announces publication of its most recently generated research report titled, “Global Ceramic Tile Adhesive Market by Flooring Type (Standard and Strong), By Application (Wood Floor Pasting, Tiled Floor Pasting, Polyethylene Floor Pasting and Stone Floor Pasting), By End Use (Residential, Commercial and Industrial) and by Region – Global Forecast to 2029.”, which offers a holistic view of the Global Ceramic Tile Adhesive Market through systematic segmentation that covers every aspect of the target market.

The Global Ceramic Tile Adhesive Market is projected to be US$ 8,226.8 Mn in 2019 to reach US$ 13,975.4 Mn by 2029 at a CAGR of 5.5%.

Ceramic tile adhesives are essential in the construction industry. As the use of tiles has grown predominantly over the last few decades, the requirement for the tile adhesives is also on the rise. The ceramic tile adhesive is considered as a substitute for traditional adhesives. The ceramic tile adhesives are used at swimming pools, airports, etc. Several companies operating, especially in the construction materials market, provide tile adhesives that are compatible with ceramic as well as mosaic tiles. The tile adhesive is used to affix tiles on the interior as well as exterior walls. The adhesive is cement-based modified polymer. It is ready to use, and presoaking of tiles is not necessary. The adhesive is water-resistant, which minimizes shrinkage cracks. The adhesive used should meet specifications such as IS 15477 for India. Similar standards are defined by each country, so the manufacturers have to meet all the requirements of that specific standard. Under normal conditions, the adhesive could be stored for almost a year from date of manufacture. The color of the adhesive is grey, and it is in the form of powder. The requirement of the adhesive varies depending upon the type as well as smoothness of the surface. In an ideal case, the surface should be clean and smooth. The adhesive provides excellent bonding with cementitious surfaces like concrete, plaster, etc.

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As construction and infrastructure are widely established in developed regions like North America, Europe, demand from these regions for the ceramic tile adhesive is anticipated to be stable. Developing regions like APAC are widely expanding in terms of infrastructure and construction activities, which helps to boost the demand for the tile adhesive. Major developed countries have manufacturing sites but are shifting to countries such as China due to various positive factors such as cheap labor, availability of raw material, lenient government norms, etc. Out of the vast End Uses the ceramic tile adhesive has, the majority of share is from residential End Uses followed by commercial and industrial. Many local players, along with established industry contributors, are also involved in manufacturing of the ceramic tile adhesive.

Global Ceramic Tile Adhesive Market Revenue (US$ Mn), 2019–2029 

Due to the rapid development of economies of several fast-growing nations such as India and China due to various factors such as developing construction sector demand for the target product is expected to rise in the forecast period. In addition to this, government initiatives and support for the expansion of end-use industries are expected to fuel the market progression. Government programs for providing shelter for all economically weaker section, or efforts taken by governments for rapid industrialization, etc. indirectly help the ceramic tile adhesive market.

The growth of the construction industry, especially from APAC regions, is anticipated to contribute towards the growth of the market. Further, increasing disposable income and interest of end-users about the use of designer tiles at commercial as well as residential sites is supposed to aid in the market growth.

It could damage health if enough precaution is not taken. It could damage the eyes or respiratory system. Skilled and well-trained labor is required. These factors could partly affect the growth of the market. Also, to reduce overall cost, some companies use low-cost chemicals, which could affect the quality and hence the market growth up to a certain extent.

Nonetheless, growing infrastructure development activities, help new entrants easily get into this market. As demand for the product is high, it encourages new players to get into the ceramic tile adhesive market. It is anticipated to maintain the price of the ceramic tile adhesive, which helps to boost the market growth.

Global Ceramic Tile Adhesive market is segmented based on flooring type, application, end-use, and region. Based on Flooring Type, the market is segmented into standard and strong. The standard segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by strong type. Based on application, the market is segmented into wood floor pasting, tiled floor pasting, polyethylene floor pasting, and stonefloor passing. The tiled floor pasting segment accounts for a majority share in the global ceramic tile adhesive market. Lastly, global ceramic tile adhesive market is segmented on the basis of end users that is residential, commercial and industrial.

Global Ceramic Tile Adhesive Market Attractiveness Analysis by Flooring Type, 2019

Based on the region, the market is segmented into North America, Europe, APAC, and other regions. The APAC owns the majority share in the global ceramic tile adhesive market, followed by North America, owing to the robust industrialization in these regions.

The research report on the global ceramic tile adhesive market includes profiles of some of the major companies such as BASF SE, Henkel AG & Co. KGaA, Arkema, Wacker Chemie AG, Saint-Gobain Weber GmbH, MYK Laticrete India Private Limited, and others.

Key Market Segments:

Type

• Standard
• Strong

Application

• Wood Floor Pasting
• Tiled Floor Pasting
• Polyethylene Floor Pasting
• Stonefloor Passing

Key Market Players included in the report:

• BASF SE
• Henkel AG & Co. KGaA
• Arkema
• Wacker Chemie AG
• Saint-Gobain Weber GmbH
• MYK Laticrete India Private Limited

For the Ceramic Tile Adhesive Market research study, the following years have been considered to estimate the market size: