Technological Advancements in New Construction Techniques Propel the Global Market for Tile Adhesives and Stone AdhesivePosted by Jack Martin on October 18th, 2023 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%. The increasing demand for tile & stone adhesives from end uses, such as residential, commercial and institutional, drives the market. Demand for these adhesives is encouraged by many companies to formulate different developmental strategies in the tile & stone adhesives market to expand their footprint in the market. The companies have adopted various strategies, such as investment & expansion, merger & acquisition, new product launch, and joint venture to increase their global presence and maintain sustained growth in the tile and stone adhesives market. Tile & stone adhesives find end uses in residential, commercial and institutional. The residential accounted for the major share of the tile & stone adhesives market in 2021. The growth is due to higher yields, coupled with less volatility in residential construction as compared to other end uses. The use of these adhesives in residential applications is attributed to the benefits offered by them, such as increased strength, excellent quality of finish, improved tensile strength, aesthetics, improved productivity, and reduced manufacturing costs. Request a Sample of this Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=117335016 The tile & stone adhesives market in Asia Pacific is forecasted to register the highest CAGR, in terms of value, between 2022 and 2027. The growth is attributed to increasing consumption of tile & stone adhesives, rapid modernization, and urbanization in different countries. High industrial growth is witnessed in Japan, China, South Korea, and India, among other countries. Mega infrastructure repair projects such as those of bridges, pipelines, public buildings, and water structures, among other projects, have propelled the demand for tile & stone adhesives across the region. There are various small, medium, and large players operating in the market. Some of the major market players 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). They have adopted various developmental strategies such as investment & expansions, new product launches, merger & acquisitions and joint ventures to increase share in the market. ARDEX Group is a key player in the tile & stone adhesives market. The ARDEX Group (ARDEX) is one of the leading solution providers of specialist high-performance building products, globally. The company manufactures a wide variety of products such as tile and stone adhesives, construction chemicals, sealants, concrete repair systems, wall smoothing products, and grout, among other products, for residential and commercial applications. It has about 18 globally renowned brands for construction applications.
Get Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=117335016 Sika AG is the second most active company in the tile & stone adhesives market. It is a specialty chemical company that operates through two business segments: construction industry and industrial manufacturing. In the construction industry business segment, Sika manufactures products for roofing, waterproofing, flooring, and concrete. Tile adhesives are produced under the construction industry segment. The company has subsidiaries and over 300 manufacturing facilities across 100 countries. It has a strong customer base and business operations in Europe, North America, Asia Pacific, South America, Africa, and the Middle East.
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