Tile Adhesives & Stone Adhesives Market to Reach $7.75 Billion by 2028, Fueled by Construction Growth
The tile adhesives & stone adhesives market size has grown rapidly in recent years. It will grow from $4.54 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to construction and infrastructure growth, urbanization and real estate development, industrial and commercial flooring, consumer preference for durable flooring, interior and exterior design.
The tile adhesives & stone adhesives market size is expected to see rapid growth in the next few years. It will grow to $7.75 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to sustainability and green building practices, outdoor and landscape design, digital marketing and e-commerce, industrial flooring solutions, infrastructure rehabilitation. Major trends in the forecast period include green and low-voc adhesives, rapid-curing adhesives, digital tools for product selection, large-format tiles and slabs, resilient flooring solutions.
Market Overview –
Tile adhesives and stone adhesives refer to a specially formulated dry powder that is mixed with water or latex additive to form a consistent paste that helps to permanently adhere or bond materials together. The tile adhesives and stone adhesives are used for fixing tiles on walls, floors, granite, and marble. They also help in fixing large tiles and tiles which are installed in areas with high moisture, as well as ceramic tiles and other stones in the interior and exterior of the house or office.
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Rising Foreign Direct Investments And Urbanization Fuel Growth In Tile Adhesives And Stone Adhesives Markets
An increase in foreign direct investments (FDI) in construction industries and a rise in urbanization are expected to propel the growth of the tile adhesives and stone adhesives markets going forward. Tiles and stone adhesives help in fixing tiles, which are installed in areas with high moisture, ceramic tiles, and other stones in the interior and exterior of the house or office. For instance, in 2023, according to the Federal government of Mexico, an US-based government website, foreign direct investment from construction totaled $659 million from January to December 2023, divided into reinvestment of earnings ($470 million), inter-company indebtedness ($188 million), and equity capital ($655 thousand). For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, more than 4.3 billion people, or 55% of the world’s population, lived in urban settings, and the number is expected to rise to 80% by 2050. An increase in the urban population increases the construction of buildings. Therefore, an increase in FDI in construction industries and a rise in urbanization are driving the growth of the tile adhesives and stone adhesives market.
Competitive Landscape –
Major companies operating in the tile adhesives & stone adhesives market include ARDEX GmbH, Sika AG, Saint-Gobain, Pidilite Industries Limited, H B Fuller, Laticrete International, Bostik, Fosroc, Parex Group, Cemex, Custom Building Products, Pidilite Industries, Litokol, Ceresit, Caparol, Fila, Knauf, Lanko, CGM, Dunlop, Wacker Chemie AG, Sakrete, Norcros, ABC, Lankem Ceylon, VitrA, Perlcon
Advanced Technology With Lightweight Glass Tile Adhesive Embraces Tile And Stone Adhesives Market
Technological advancements in the tile adhesives and stone adhesives market are a key trend gaining popularity in the tile adhesive and stone adhesive markets. Major companies operating in the market are introducing new technologies such as Glass Tile Adhesive Lite, which is manufactured by crystalline silica levels and OSHA action levels, to sustain their position in the market. For instance, in February 2021, Laticrete, a US-based manufacturer of tile and stone installation materials, introduced an adhesive mortar for glass tiles and mosaic tiles. It is made up of a superior lightweight formula that increases bond strength, has a long open time, and has non-sag performance. The help of crystalline silica levels and OSHA action levels helps to increase its lightweight and performance features and provides a white color that doesn’t affect the design of clear or translucent tiles.
