The Germany tile adhesive market is expected to generate a revenue of $62.2 billion over the next Ten years. Demand in the China tile adhesives market is expected to increase at an 8% CAGR. Sales in the cementitious segment will increase at a 6.1% CAGR through 2032.
NEWARK, Del., July 7, 2022 /PRNewswire/ -- The global tile adhesive market is forecast to reach US$ 4.8 Bn by 2032, with sales growing at a 6.9% CAGR over the assessment period. Rising construction activities across developing and developed nations is expected to propel demand for tile adhesives. In addition to this, increasing repair and refurbishment of existing buildings is expected to create opportunities for growth in the market.
Expansion in the residential building and construction sector is one of the key driving factors for the construction chemicals market, which will have a direct impact on the tile adhesive market. The demand for chemicals in the field of construction is expected to increase owing to rising residential and commercial construction activities across emerging economies.
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Evolving end-user demand for quick-fix 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 will boost sales over the forecast period.
"Increasing establishment of public infrastructure across rural areas in emerging economies, along with rising construction of smart cities will augment the growth in the market over the forecast period," says an FMI analyst.
Key Takeaways:
- By type, sales in the cementitious segment will increase at a 6.1% CAGR through 2032.
- Based on application, the floor segment is anticipated to dominate the market, accounting for about 52.9% of the total market share.
- In terms of end use, the residential segment is projected to create an absolute dollar opportunity worth US$ 1.1 Bn Mn during the forecast period.
- The U.S. will dominate the North America tile adhesives market, creating an absolute dollar opportunity of US$ 305.8 Mn.
- The Germany tile adhesive market will create an absolute dollar opportunity of US$ 62.2 Mn over the forecast period.
- Demand in the China tile adhesives market will increase at a 8% CAGR over the assessment period.
- In terms of region, tile adhesive sales in East Asia are estimated grow at a CAGR of 7.8%.
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Competitive Landscape
- 3M Company
- Henkel AG
- Illinois Tool Works (ITW Plexus)
- Huntsman
- Ashland
- Sika
- H.B. Fuller
- Royal Adhesives
- Uniseal
- Ellsworth Adhesives
- Bickers Klebetechnik GmbH
- wedi GmbH
- 1a Bauchemie GmbH
- AB BECHCICKI Sp
- Akzo Nobel Deco GmbH
are some of the leading manufacturers in the global tile adhesive market.
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About FMI - Chemicals and Materials
The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on 'green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing - 'The Way Forward'.
Key Segments Covered in Tile adhesive Industry Analysis
By Type:
- Cementitious
- Dispersion
- Resction Resin
By Application:
- Wall
- Floor
- Ceiling
- Others
By End Use:
- Residential
- Commercial
- Industrial and Institutional
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
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Have a Look at Chemicals & Materials Domain Related Research Reports
Adhesive Removers Market Share - Adhesive removers are solvents used to remove tiles as well as various types of oils, tare, dirt, greases, etc. in equipment, machines, tools, skin and automotive body parts to increase the efficiency of machines and enhance their aesthetic appearance.
Polyurethane Adhesives Market Size - Polyurethane is a polymer composed of units of organic chains, formed by the reaction of isocyanate and a polyol. Polyurethane is sticky in nature and used as an adhesive due to its property of sealant and high -quality bedding materials.
Aerospace Adhesives and Sealants Market Trends - Aerospace adhesives and sealants are different from regular adhesives and sealants, as they are exposed to high temperature and high pressure gradients during their lifetime.
Industrial Adhesives Market Forecast - Expanding at a CAGR of 4.5% the global sales of Industrial Adhesives is expected to increase from a valuation of US$ 52,862.0 Mn in 2021 to US$ 78,016.4 Mn by the end of 2030
Glass Bonding Adhesive Market Demand - The glass bonding adhesives has a wide renege of applications in automotive industry for bonding the glass in vehicles, manufacturing of water tanks and optical glasses, bonding of window glass to frame or structure etc.
Disposable Hygiene Adhesives Market Growth - The disposable hygiene adhesives are mainly used for the production of disposable hygienic products such as baby diapers (nappies), feminine care products, and adult care products
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