Tile Adhesive Market, Forecast A Competitive Landscape And Professional Industry Survey

Market Highlights:

Remarking on this report, an analyst from Market Research Future (MRFR)’s team said, the global tile adhesives market is predicted to grow at a healthy CAGR 13.50% to reach USD 51.90 Billion by the end of 2030. The increase in residential construction activities and growth in infrastructural development are the major drivers of the global tile adhesives market. Rapidly growing building construction sector coupled with rising per capita disposable income in developed and developing countries across the globe are predicted to fuel the growth of the market over the estimated period. However, the threat of substitution by polymer-based tile adhesive and low-profit margin for manufacturers may challenge the market growth.

Segment Analysis

The tile adhesives market is segmented on the basis of type, polymer chemistry, application, end-use, and region. On the basis of the type, the market is segmented into cementitious, dispersion, and reactive tile adhesive. Among these, cementitious type accounted for around 70.2% market share in terms of value in 2017. The demand for cementitious tile adhesives is increasing due to its low price as compared to other tiles. Based on the polymer chemistry, the market is segmented into acrylic, vinyl acetate ethylene, have-veova, epoxy, styrene butadiene, polyurethane, and others. The acrylic is the leading segment due to its chemical and corrosion resistant properties. The acrylic segment was valued at USD 596.1 million in 2017 and is projected to grow at a CAGR of 9.31% over the review period. On the basis of the application, the global market is segmented into ceramic tile, vitrified tiles, natural stone, mosaic, and glass. The ceramic tiles dominated the market with a share of about 55% in 2017. Furthermore, the market is segmented based on the end-use industries as residential, commercial, and institutional. Among these, the residential segment was the leading in 2017 and is projected to grow at a healthy CAGR of 9.47% during the forecast period.

Request for Sample Report @

https://www.marketresearchfuture.com/sample_request/1731

Regional Analysis

Regionally, tile adhesives market is classified into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. Asia Pacific dominated the global tile adhesives market in 2017 and accounted for more than 45.8% of the value share of the global tile adhesive brand followed by Europe and North America. Furthermore, the construction sector across the globe is expected to propel the market growth during the review period, 2017-2023. The other emerging markets such as Latin America and the Middle East Africa seems to observe a significant market growth over the review period 2017-2023.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

https://www.marketresearchfuture.com/reports/green-polymer-additive-market-4278

https://www.marketresearchfuture.com/reports/aerospace-materials-market-8428