What Has Been the Growth Trajectory for the Tile Adhesives & Stone Adhesives Market in Recent Years?
The tile adhesives & stone adhesives market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for tile adhesives & stone adhesives has seen a remarkable increase. The market is projected to expand from $5.02 billion in 2024 to $5.57 billion in 2025, marking a compound annual growth rate (CAGR) of 10.9%.
Factors such as developments in construction and infrastructure, growth in urbanization and real estate, industrial and commercial flooring advances, preferences for long-lasting flooring options, and trends in interior and exterior design contributed to the growth during the historic period.
How Does the Forecast Look for the Tile Adhesives & Stone Adhesives Market?
The tile adhesives & stone adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the tile adhesives & stone adhesives market is poised to experience significant expansion. The projected size of the market by 2029 is approximately $8.77 billion, driven by a 12.0% compound annual growth rate (CAGR).
The anticipated surge during this period can be traced back to various factors such as sustainable and green construction methods, landscape and outdoor design, digital marketing and e-commerce, industrial flooring solutions, and infrastructure rehabilitation. Some of the trends that can be expected to emerge during this period consist of green and low-volatile organic compound (voc) adhesives, swift-curing adhesives, digital platforms for product selection, large-format tiles and slabs, and robust flooring solutions.
What Are the Critical Driver Fuelling the Tile Adhesives & Stone Adhesives Market's Growth?
The surge in foreign direct investments (FDI) in the construction sectors coupled with escalating urbanization is anticipated to bolster the expansion of the tile adhesives and stone adhesives markets in the future. The adhesives for tiles and stones are utilized for firm installation of tiles, typically installed in places with a high level of moisture, ceramic tiles, and different stones in both the interior and exterior sections of houses or workplaces. For instance, according to data from the Federal government of Mexico, a US-based government website, the FDI in construction amounted to $659 million from January to December 2023, which was split into reinvestment of profits ($470 million), inter-company debts ($188 million), and equity capital ($655 thousand). Furthermore, as per the World Economic Forum, a Switzerland-based independent international organization, in April 2022, over 4.3 billion individuals, which makes up 55% of the global population, were urban residents, with the figure projected to increase to 80% by 2050. This surge in urban inhabitants boosts the construction of buildings. Hence, the rise in FDI in construction sectors and the increase in urbanization are the main driving forces behind the growth of the tile adhesives and stone adhesives market.
How Is the Tile Adhesives & Stone Adhesives Market segmented?
The tile adhesives & stone adhesives market covered in this report is segmented –
1) By Chemistry: Cementitious, Epoxy, Other Chemistry
2) By Construction Type: New Construction, Repairs And Renovation
3) By Application: Ceramic Tiles, Marble Tiles, Mosaic And Glass
4) By End Use: Residential, Commercial, Institutional
Subsegments:
1) By Cementitious: Thin-Set Mortar, Medium-Bed Mortar, Thick-Bed Mortar
2) By Modified Cementitious Adhesives: Epoxy, 100% Solid Epoxy Adhesives, Epoxy Modified Cementitious Adhesives, Flexible Epoxy Adhesives
3) By Other Chemistry: Polyurethane Adhesives, Acrylic Adhesives, Hybrid Adhesives
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What New Trends Are Influencing the Tile Adhesives & Stone Adhesives Market?
The tile adhesives and stone adhesives market is seeing a rising trend with the introduction of technological innovations. Numerous prominent companies in the market are unveiling new technologies, such as a multipurpose cementitious tile adhesive for ceramic tiles. For example, Sika, a chemical company based in Switzerland, launched SikaCeram-50 BH in July 2024. Composed of high-resistance cement, custom-selected silicon/quartz mineral charges, and particular additives, SikaCeram-50 BH is a one-pack premixed adhesive. Its primary use is as a thin bed tile adhesive for the permanent attachment of ceramic tiles, requiring only the addition of water to use. Given its suitability for both floor and wall applications, it offers convenience and versatility for a range of construction and renovation tasks.
Who Are the Key Players in the Tile Adhesives & Stone Adhesives Market?
Major companies operating in the tile adhesives & stone adhesives market include:
• ARDEX GmbH
• Sika AG
• Saint-Gobain
• Pidilite Industries Limited
• H B Fuller
• Laticrete International
• Bostik
• Fosroc
• Parex Group
• Cemex
• Custom Building Products
• Pidilite Industries
• Litokol
• Ceresit
• Knauf
• Lanko
• Dunlop
• Wacker Chemie AG
• Sakrete
• Norcros
• ABC
• VitrA
• Perlcon
What Is The Most Dominant Region In The Tile Adhesives & Stone Adhesives Market?
North America was the largest region in the tile adhesives and stone adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tile adhesives & stone adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
