Tiles Adhesive Market to Witness a CAGR of Around 8%
According to latest research by Fact.MR, tiles adhesive market is set to witness steady growth during 2021-2031. Demand for tiles adhesive will witness growth in coming years, owing to increase in number of residential projects globally.
What is Driving Demand for Tiles Adhesive?
Evolving end-user demand for quick & fix adhesive and long lasting adhesive for tiles continues to drive demand for title adhesive. Furthermore, growing awareness about the benefits of titles adhesive including its durability and time saving factor, due to its quick mixing ability continues to drive demand for tiles adhesive.
In past few years, adaptation of advanced adhesive solution has increased in developing countries as large number of people have started to move from rural areas to urban area in search of job has increase real estate industry, increasing the use of tile adhesive in construction of houses and commercial buildings.
Additionally, people now a days prefer more attractive and appealing interior in their house, tiles adhesive plays an important role in enhancing the durability and long lastingness of tiles.
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Covid-19 Affected the Global Sales of Tiles Adhesive
Real estate sector is one of the badly affected sector globally, as most of the big and small real estate projects were put on hold to avoid spread of virus. This has impacted the market growth of tiles adhesive market as this sector plays a vital role for tiles adhesive market. Companies are facing issue in procurement of raw materials like chemical, and other mixing particles from other countries due to the trade restriction between countries, manufacturer facing issue in delivering their previous orders to their international clients. This has forced the companies to look for local opportunities for procuring raw materials.
Asia Pacific Tiles Adhesive Market Outlook
Asia Pacific is the leading market for tiles adhesive globally. The Asia Pacific accounts more than 40% share of global tiles adhesive market. The demand in Asia Pacific is expected to grow at rapid pace in forecasted period (2021 – 2031), as number of activities are increasing in end use industry.
China and India dominates the market of tiles adhesive in Asian Pacific. With the growing investment in information and technology sectors by foreign companies in India led the growth of small and big scale commercial building projects has increase the use of tiles adhesive market. Apart from this, government of India has launched an initiative Make in India to support local chemical industry by providing tax relaxation for improving infrastructure and tax incentives for research and development projects, these are the factors supporting rise of tiles adhesive in Indian market.
China being the leading leader in construction industry has largest share of tiles adhesive market and is likely to continue contributing the same owing to the growing construction activities in the region. For instances, in 2020, Chinese government has announced new infrastructure projects includes science and technology infrastructure, science and education infrastructure, and industrial technology innovation infrastructure. This includes R& D institutions, research infrastructure, and innovation-focused industrial parks. It is one of the key factor for continuously growing market of tiles adhesive in China.
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Europe Demand Outlook for Tiles Adhesive
Europe holds the second largest share of tiles adhesive market followed by North America. As most of the European countries are comes under developed country list, there are very less number of new infrastructure projects, the market of tiles adhesive is dominated by renovation and repair projects of old residential and commercial projects.
Who are the Key Manufacturers and Suppliers of Tiles Adhesive?
Some of the leading manufacturers and suppliers of tiles adhesive includes
- 3M Company
- Henkel AG
- Illinois Tool Works (ITW Plexus)
- DuPont Automotive
- H.B. Fuller
- Royal Adhesives
- Ellsworth Adhesives
- Bickers Klebetechnik GmbH
- wedi GmbH
- 1a Bauchemie GmbH
- AB BECHCICKI Sp
- Akzo Nobel Deco GmbH
- Tilemaster Adhesives Ltd
- Building Adhesives Ltd
- Norcros Adhesives
- Hebei Derek Chemical Limited
- Kater Adhesives Industrial Co. Ltd.
- Hebei Yida Cellulose Co. Ltd.
- SHIJIAZHUANG XINWEITE BUILDING MATERIALS CO.LTD.
- Wuhan Boli Chemical Ltd.
- Foshan City Shunde District Chuang Shiji Industrial Co. Ltd.
- Foshan Wgf Building Material Co. Ltd.
- RESTA CO.LTD.
- DAIRIKI CO. LTD.
- WAKODO CO.LTD.
An Adaptive Approach to Modern-day Research Needs
Tiles Adhesive Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Based on type, tiles adhesive market segmented into:
- Reaction Resin
- Global Ceramic.
Based on application, tiles adhesive market segmented into:
- Wall tile
- Floor tile
- Ceiling tile
- Indoor tiles
- Outdoor tiles
- Swimming pool tiles
Based on end user, tiles adhesive market segmented into:
Based on technology, tiles adhesive market segmented into:
- Water-based Adhesives
- Solvent-based Adhesives
- Hot-melt based Adhesives
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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