Global Tile Adhesives & Stone Adhesives Market

Posted by NISHA SHAHA on November 16th, 2021

The Global Tile Adhesives & Stone Adhesives Market accounted for US$ 3.76 billion in 2020 and is estimated to be US$ 8.8 billion by 2030 and is anticipated to register a CAGR of 8.9%. Adhesive, also known as glue, cement, mucilage, or paste, is any non-metallic substance applied to one or both surfaces of two separate items that binds them together and resists their separation. The use of adhesives offers certain advantages over other binding techniques such as sewing, mechanical fastenings, or welding. These include the ability to bind different materials together, the more efficient distribution of stress across a joint, the cost-effectiveness of an easily mechanized process, and greater flexibility in design. Adhesives are typically organized by the method of adhesion followed by reactive or non-reactive, a term which refers to whether the adhesive chemically reacts in order to harden. Alternatively, they can be organized either by their starting physical phase or whether their raw stock is of natural or synthetic origin.

The report \" Global Tile Adhesives & Stone Adhesives Market, By Product Type (Cementitious and Epoxy), By Manufacturing Activity (New construction and Repairs & Renovation), By End-user Industry (Residential, Commercial, and Institutional), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

• In 2019,  Pidilite launches TVC for tile adhesive brand Roff, Roff, leading tile adhesive brand from the house of Pidilite Industries, has unveiled its first TVC themed around ‘Roff mein hain magar ki jakkad’. Roff is an environmentally safe and economical additive for cement and offers a comprehensive range of Tile and Stone fixing solutions. Roff not just improves the strength of cement but also enhances its workability for fixing tiles.
• In November 2019, Bostik Inc., launched a Born2bond™, a range of new engineering adhesives. This brings a new range of innovative engineering adhesives designed for ‘by-the-dot’ bonding applications in selected industries, such as electronics, automotive, luxury packaging, medical devices, and MRO.

Analyst View:

Rapidly growing number of residential projects and an increase in the usage of ceramic and thin porcelain decorative tiles is the major factor driving growth of the global market. In addition, wide utilization of ceramic tiles in the home or commercial establishments as the ceramic tiles are more durable and exhibit superior resistance to moisture and abrasion is also boosting growth of the global market globally. The expansion of construction sector and ever growing residential projects across the globe due to rapid industrialization and increase in disposable incomes of the consumer will also provide significant growth in the global market.

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Tile-Adhesives-Stone-Adhesives-3703

Key Market Insights from the report:

The Global Tile Adhesives & Stone Adhesives Market accounted for US$ 3.76 billion in 2020 and is estimated to be US$ 8.8 billion by 2030 and is anticipated to register a CAGR of 8.9%. The Global Tile Adhesives & Stone Adhesives Market is segmented based on the Product type, Manufacturing activity, End-user industry and region.

• By Product Type, the Global Tile Adhesives & Stone Adhesives Market is segmented into Cementitious and Epoxy.
• By Manufacturing Activity, the target market is segmented into New Construction & Repairs and Renovation.
• By End-user Industry, the target market is segmented into residential, commercial, and institutional.
• By region, the Global Tile Adhesives & Stone Adhesives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global tile adhesives and stone adhesives market. This is mainly attributes due to increased demand for the ceramic tiles in both the residential and commercial areas, growing economic rate and demand for the maintenance, renovation, and infrastructure development.