Tile Adhesives & Stone Adhesives Market will be Worth over $7.0 billion by 2027

Tile and stone adhesives are materials that are used to adhere tiles and stones to walls, floors, and other surfaces. They are typically applied with a trowel and allowed to dry before laying the tiles and stones. Tile and stone adhesives are typically composed of cement, water, and additives that improve the adhesive's bond strength and workability. The growing popularity of tiling and natural stone surfaces in both residential and commercial settings is driving up demand for tile and stone adhesives. As a result, manufacturers are developing more advanced and long-lasting adhesive products to meet consumer demands. Tile and stone adhesives are used in nearly every tiling and stone installation, from large-scale projects such as swimming pools or bathrooms to small DIY projects. The global tile adhesives & 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 & 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.

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.
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