Tile adhesives & stone adhesives are used for fixing ceramic or porcelain tiles as well as stones such as marble and granite to walls, floors, and other areas. 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%. Increasing awareness about benefits of tile adhesives in the Asia-Pacific region, rising housing demand, favorable government policies on residential construction, urbanization, and rapid industrialization are fueling the growth of the tile & stone adhesives market, globally.
The demand for tile adhesives & stone adhesives is expected to witness significant growth in countries such as Russia, Qatar, Saudi Arabia, and Vietnam, as these countries have started focusing on affordable residential housing projects for the low- and medium-income families. Residential is expected to be the fastest-growing application of the tile & stone adhesives market. As a result, major players in the tile adhesives & stone adhesives market such as Mapei (Italy), Saint-Gobain Weber (France), and Laticrete International (U.S.) have rolled out new cost-effective products, especially for the Middle East & Africa market.
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Although the demand for tile adhesives is lower in Europe and North America in comparison to that of Asia-Pacific and the Middle East, it is expected that the U.S. market for tile & stone adhesives will grow at a significant rate. Increase in demand for decorative tiles, awareness of the benefits of ceramic adhesives, and rise in eco-friendly products will drive the market. Ceramic tiles are widely used in flooring and wall applications in Asia-Pacific and the Middle East, as they have low cost and maintenance in comparison to that of wooden and stone flooring that are used more in North America and Europe.
The demand for tile & stone adhesives is driven by increased awareness about its benefits in comparison to that of traditional cement and sand floor. The awareness at present is as less as 25%–30% in the developing markets such as India, Indonesia, Vietnam, and Thailand in comparison to almost 100% in the developed markets of Europe and North America. However, the demand is expected to witness significant growth in these developing countries due to rising spending power and improved product awareness. Companies such as Mapei (Italy) and Bostik Inc. (France) are the leading players in the tile & stone adhesives market. Bostik Inc. has already set up two new plants in Brazil and Malaysia to cater the demand for tile adhesives, while Mapei (Italy
The tile adhesives & stone adhesives market is expected to witness a high growth rate between 2022 and 2027, in terms of volume. The market is rapidly evolving with the key players playing a crucial role in its development. The key companies profiled in this report include Mapei (Italy), Ardex GmbH (Germany), Laticrete International (U.S.), Saint-Gobain Weber (France), and Bostik Inc. (France). The growing demand for tile adhesives & stone adhesives in Asia-Pacific and Latin America has encouraged companies such as Mapei and Bostik Inc. to adopt several business strategies to retain their competitiveness in the global market.
Expansions are the most widely used strategy by these players in the Middle East & Africa, Asia-Pacific, and Latin America. Market players are concentrating on increasing their production capacities and developing cost-effective technologies. Major companies are investing to upgrade their units for enhanced production of tile adhesives. All these developments meet the increasing demand for tile & stone adhesives from a variety of applications such as residential, commercial, and institutional.
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H.B. Fuller (U.S.) adopted acquisition as its key strategy in the tile adhesives & stone adhesives market. The company has acquired ProSpec (U.S.), a leading manufacturer of tile & stone adhesives to increase its foothold in the South Eastern and Western part of the U.S. where tile consumption is the largest.
Bostik Inc. (France), a leading producer of tile adhesives, globally, has increased its plant capacity in Seremban, Malaysia in May 2016 for manufacturing cementitious products as a result of the rising demand from Southeast Asian countries. The company also inaugurated a 100 kilotons cementitious tile adhesive manufacturing plant in Rio de Janeiro, Brazil in 2015. It recently started a new plant in China to cater the demand for cementitious products.
Mapei (Italy), a leading manufacturer of construction adhesives, added new tile adhesive products to its existing portfolio. The adhesives are suitable for installation of ceramic and porcelain tiles for non-moisture applications.
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