Middle East and Africa Region to Create Substantial Growth Opportunities for Tile Adhesives & Stone Adhesives Market Players through 2027- Report by MarketsandMarkets™

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%. Tile and stone adhesives are used to create a strong and durable bond between tile/stone and the tiling substrate. These adhesives are used to fix ceramic tiles, porcelain tiles, mosaics, marble, and granite to walls and floors in residential, commercial, and institutional applications. Market growth is attributed to the rising demand for tile & stone adhesives in the growing construction industry in residential, commercial, and institutional end uses across the world. The growth of the market is also triggered by the rising demand for ceramic tiles for decorative applications, the thin tile concept innovation, and advancements in technology related to low VOC emitting products.

Request a Sample of this Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=117335016 

Based on chemistry, the tile & stone adhesives market is segmented into cementitious, epoxy, and others. Epoxy accounted for the largest share and is a major type of tile & stone adhesives. Epoxy adhesives are arguably among the most versatile resins used across industries. They exhibit superior tensile and shear strength, but poor peel strength unless modified with a more resilient polymer. They offer excellent resistance to oil, moisture, and a number of solvents. Low shrinkage on curing and high resistance to creep under prolonged stress are the major characteristics of several high-quality epoxy adhesives.

Based on construction type, the tile & stone adhesives market is segmented into new construction and repairs & renovation. The construction industry is growing at a faster rate as a result of increased spending in residential and institutional applications, for this purpose, globally. These adhesives have a huge market for tile-on-tile application in India, Singapore, and China. Also, the high spending planned by respective governments of developing economies such as Qatar, Oman, Vietnam, Poland, Ukraine, Argentina, and Brazil, is expected to drive the growth of tile adhesives in new construction applications.

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=117335016 

Based on end use, the tile & stone adhesives market is segmented into residential, commercial and isntitutional. The institutional segment, which includes hotels, hospitals, schools, colleges, and universities, is projected to register the highest CAGR, in terms of value, during the forecast period. This growth is due to initiatives taken by government organizations to boost education, medical, and tourism activities globally. The leading countries in these segments include Sweden, Oman, Kuwait, India, Qatar, Thailand, and Malaysia.

The tile & stone adhesives market in Asia Pacific is projected to register the highest CAGR, in terms of value, between 2022 and 2027. Asia Pacific is the largest consumer of tile & stone adhesives, as almost 60-70% of the total Asia Pacific flooring market is dominated by ceramic tiles and natural stones such as marble and granite. The increasing awareness about the benefits of tile adhesives, improved tile strength & slip resistance, low VOC emitting products, and a large number of residential construction activities in Vietnam, Singapore, Malaysia, India, and China are fueling the growth of the tile & stone adhesives market.

Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=117335016 

The tile & stone adhesives market has various small, medium, and large players. 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) among others, have framed their strategies to penetrate and create bases in these emerging markets. Moreover, major companies are focusing on strengthening their R&D facilities to provide efficient and sustainable products. These products are manufactured adhering to regulations implemented by associations and governments. All such developments are expected to lead to the sustainable development of players in the tile & stone adhesives market over the next five years.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Comments are closed