The global tile adhesive market is expected to attain a valuation of USD 2.67 billion in 2023 and is projected to reach USD 5.2 billion by 2033, trailing a CAGR of 6.9% during the forecast period.
The demand for tile adhesives is being fueled by the rise in urbanization and the rapid migration of individuals from rural to urban areas in emerging economies. This trend is driving the need for new residential construction, thereby creating a high demand for tile adhesives.
The evolving preferences of end-users for quick and long-lasting tile adhesives continue to contribute to the increasing demand. Additionally, there is a growing awareness of the benefits offered by tile adhesives, such as their durability and time-saving properties due to their quick mixing ability. These factors further contribute to the demand for tile adhesives.
In recent years, developing countries have witnessed significant adoption of advanced adhesive solutions. Also, the influx of people moving from rural areas to urban areas in search of job opportunities has stimulated the real estate industry, resulting in increased use of tile adhesives in residential and commercial construction projects.
Modern-day homeowners have a preference for attractive and visually appealing interiors in their homes. Tile adhesives play a vital role in enhancing the durability and longevity of tiles, meeting the demand for aesthetically pleasing and long-lasting interior designs.
| Attributes | Details |
|---|---|
| Expected Market Value (2023) | USD 2.67 billion |
| Anticipated Forecast Value (2033) | USD 5.2 billion |
| Projected Growth Rate (2023 to 2033) | CAGR 6.9% |
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The tile adhesive market was worth USD 2 billion in 2018. It accumulated a market value of USD 2.5 billion in 2022 while expanding at a CAGR of 5.7% during the historical period.
The rising migration of individuals across cities is fuelling the need for additional housing space, particularly in tier 1 cities. Government and private sector enterprises are investing in the construction sector and are emphasizing rural development. These factors are boosting the expansion in the construction sector, thereby propelling demand for tile adhesives. The tile adhesive market is anticipated to expand by 2.1x from 2023 to 2033.
The demand for tile adhesives is expected to rise due to a surge in urbanization and the population shift from rural areas to urban areas, resulting in an increased demand for new residential construction in developing nations.
Civic infrastructure is developing at a significant pace across various countries. Governments across developing countries such as India are striving to boost the construction sector of the country. For instance,
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The transportation cost of construction chemicals is high although construction chemicals are low-cost materials due to their heaviness. This is a restraint for the global tile adhesive market. Additionally, transportation costs amount to around 50% of the overall administration and logistics cost incurred on the tile adhesive market.
Usually, 50% of the chemicals are transported via road, and in some regions, the shipping cost of chemicals can outweigh the production cost if the material is trucked over 20 miles. Due to this, the chemical industry is highly localized and fragmented.
Increasing Emphasis on Green Construction Expected to Boost Tile Adhesive Sales
The United States accounted for around 87.7% of North America’s tile adhesive market in 2022. The market is estimated to create an absolute dollar opportunity worth USD 315.7 million by the end of the forecast period. The regional demand for tile adhesives is expected to rise with a CAGR of 6.7% during the forecast period.
Building construction companies in the United States of America are moving toward green construction techniques to avoid environmental damage and protect the natural balance. Further, this technique helps to reduce the cost of construction by using sustainable construction materials. It is also expected to foster the demand for green buildings which is projected to fuel the growth in the residential construction market, thereby increasing the demand for tile adhesive in the country.
The Rising Popularity of Self Adhesive Vinyl Floor Tiles in Germany is Estimated to Spur Demand
Germany’s tile adhesive market is expected to create an absolute dollar opportunity worth USD 65.8 million by the end of the forecast period. The market in this region is expected to expand with a significant CAGR of 6.4% during the forecast period.
The government of Germany has set affordable housing as one of the key objectives for the country. Also, the government is planning to build 400,000 new housing units every year, of which 100,000 are to be publicly subsidized. This is more than 50,000 units compared to the current goal and nearly 100,000 more than what the construction industry has managed to build as of November 2021.
The government has increased affordable housing subsidies considerably. For ensuring that the new affordable housing goals are met, the government has formed a new ministry to oversee the development in the sector. This is anticipated to boost the demand for tile adhesives over the forecast period.
Surging Demand for Wall Tile Adhesives in China Expected to Fuel Sales
Sales in the China market are anticipated to expand with a promising CAGR of 8.1% and are expected to account for more than 70% of the East Asia tile adhesive market share in 2023.
China is one of the global leaders in the construction sector.
In 2020, the government of China announced new infrastructure projects that include science and technology infrastructure, science and education infrastructure, and industrial technology innovation infrastructure. This includes research and development institutions, research infrastructure, and innovation-focused industrial parks. It is one of the key factors which is expected to fuel sales of tile adhesives in China.
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Residential Construction is Anticipated to Dominate the Tile Adhesive Market
By end use, residential construction is expected to dominate the market over the forecast period, accounting for more than 47.5% of the total market share by 2033. The demand for tile adhesive for residential construction is expected to rise with a CAGR of 7.9% during the forecast period.
As the value of residential construction improves, more homes might be built and maintained, which will create demand for flooring installation. Further, the value of residential construction is expected to substantially increase in 2023 due to historically low mortgage rates, which might drive sales in this segment in the forthcoming years.
Demand for Tile Adhesives for Flooring Applications to Remain High
In terms of applications, demand in the floor segment is slated to increase at a 7.5% CAGR, creating an absolute dollar opportunity worth USD 1.4 billion. Furthermore, rising investments in the development of residential, commercial, and industrial & institutional buildings are expected to boost sales of tile adhesives over the forecast period.
Start-ups have a crucial role in recognizing growth prospects and driving industry expansion. Their proficiency in transforming inputs into outputs and adapting to market uncertainties is valuable. In the tile adhesive market, several start-ups are engaged in manufacturing and providing related services.
The market for tile adhesives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.
The key industry players working in the market are 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, and Akzo Nobel Deco GmbH.
Some Recent Developments in the Tile Adhesive Market
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 2.67 billion |
| Market Value in 2033 | USD 5.2 billion |
| Growth Rate | CAGR of 6.9% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By type, By application, By end-use, By Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Countries Profiled | The United States of America, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, India, China, Japan, Malaysia, Singapore, Thailand, South Korea, Australia, New Zealand, South Africa, Israel |
| Key Companies Profiled | 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 |
| Customization | Available Upon Request |
The market is expected to reach USD 2.67 billion in 2023.
The market is anticipated to expand at a CAGR of 6.9%.
The flourishing construction sector and government initiatives are yielding high growth.
High transportation cost of low-cost materials has a negative impact on the product sales.
German market is expected to expand at a CAGR of 6.4% over the assessment period.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Cementitious
5.2. Dispersion
5.3. Reaction Resin
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Wall
6.2. Floor
6.3. Ceiling
6.4. Others
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
7.1. Residential
7.2. Commercial
7.3. Industrial and Institutional
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. North America
8.2. Latin America
8.3. Western Europe
8.4. Eastern Europe
8.5. South Asia and Pacific
8.6. East Asia
8.7. Middle East and Africa
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16. Key Countries Market Analysis
17. Market Structure Analysis
18. Competition Analysis
18.1. 3M Company
18.2. Henkel AG
18.3. Illinois Tool Works (ITW Plexus)
18.4. Huntsman
18.5. Ashland
18.6. Sika
18.7. H.B. Fuller
18.8. Royal Adhesives
18.9. Uniseal
18.10. Ellsworth Adhesives
18.11. Bickers Klebetechnik GmbH
18.12. wedi GmbH
18.13. 1a Bauchemie GmbH
18.14. AB BECHCICKI Sp
18.15. Akzo Nobel Deco GmbH
19. Assumptions & Acronyms Used
20. Research Methodology
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Tile Adhesive Market
