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Increasing Demand For Cementitious Will Complement The Growth Of The Tile Adhesives & Stone Adhesives Market- Exclusive Report By Marketsandmarkets™

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By Author: Jack Martin
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The report "Tile Adhesives & Stone Adhesives Market by Chemistry (Cementitious and Epoxy), Application (Residential, Commercial, and Institutional), and Type of Construction Activity (New Construction and Repairs & Renovation) - Global Forecast to 2021", The tile adhesives & stone adhesives market size was USD 2.37 Billion in 2015 and is projected to reach USD 4.10 Billion by 2021, registering a CAGR of 9.4% between 2016 and 2021.

There are increasing applications of tile adhesives in the housing, commercial, and infrastructure sectors in Asia-Pacific and the Middle East & Africa as a result of increased awareness about its benefits. In addition to this, the demand for ceramic and porcelain tiles are growing globally due to their low cost and maintenance, which is driving the market for tile & stone adhesives.

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New construction is the largest segment of the tile & stone adhesives market.

New construction is the largest segment of the tile adhesives & ...
... stone adhesives market, as huge residential projects are planned by the developing regions in countries such as Saudi Arabia, Qatar, Mexico, Malaysia, and Vietnam. Moreover, the government of each country has substantially increased the investment patterns to enhance the living standards of people.

Cementitious to be the preferred chemistry by infrastructure companies and is expected to witness the highest growth

The cementitious segment of the market is expected to witness the highest growth during the forecast period. It is a preferred choice, as polymer-modified cementitious chemistry bonds a wide range of ceramic and porcelain tiles to concrete substrates. The price of these adhesives is the lowest, as cement is available abundantly. In addition to this, cementitious adhesives are being modified with new chemistries to replace costly epoxy and polyurethane chemistries.

Asia-Pacific is the largest market for tile & stone adhesives

The Asia-Pacific region is the fastest-growing segment of the tile adhesive market. This growth is mainly attributed to high economic growth rate, followed by growing demand for ceramic tiles in the residential and commercial applications and rising demand for infrastructure development, maintenance, and renovation, which is eventually driving the tile & stone adhesives market. The Asia-Pacific and RoW markets are estimated to witness significant growth in the next five years with the allied industries expected to stabilize the overall business requirement in the respective regions. The key players in the tile & stone adhesives market are Bostik Inc. (France), Mapei (Italy), Ardex GmbH (Germany), Laticrete (U.S.), and Saint-Gobain Weber (France).

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Sika AG (Switzerland), Fosroc International Ltd. (U.K.), Saint-Gobain Weber (France), Mapei (Italy), H. B. Fuller (U.S.), and Bostik (France) are the leading companies in the global tile & stone adhesives market. These companies are expected to account for a significant market share in the near future.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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