Tile Adhesives and Stone Adhesives Market - Size & Upcoming Industry Trends

Tile Adhesives and Stone Adhesives Market Synopsis:

Tile Adhesives and Stone Adhesives Market Size Was Valued at USD 5.2 Billion in 2023, and is Projected to Reach USD 10.5 Billion by 2032, Growing at a CAGR of 8.2% From 2024-2032.

Tile adhesives and stone adhesives are the methods of construction that are used to bond tiles or stones on various surfaces. These adhesives can provide adherence, resistance to water and further improvements in performance in accordance with current architectural and construction demands. They come with chemistries including cementitious, epoxy or polymer system to meet all kinds of surfaces and the environment they are to be used on. The desire for improved interior looks, redecoration, and green building techniques has greatly enhanced the development of these adhesives in households, firms, and industries across the world. In addition, their benefits over more conventional approaches to construction, like mortar, include increased bonding strength, flexibility and time-saving application, contributions to their favor among construction personnel.

• The changing dynamics in tile adhesives and stone adhesives market have been rising at a higher growth rates stimulated by the increasing rate of infrastructure development and urbanization across the globe. With the growing population in urban areas the needs for new housing and commercal buildings have increased the use of these adhesives for floor tiles, walls and decorative purposes respectively. Besides, these factors triggered by enhanced renovation and remodeling activities more so across developed economy have contributed to the growth of the market. They are fast becoming the recommended method compared to other techniques since they are more efficient and environmentally friendly as well.
• The Asia-Pacific region is likely to become an important market and China and India have been two of the most active countries in construction projects. In addition, with the technological advancement in the construction field where green material is the new trend today’s adhesive sector has shifted towards low VOC and environmental friendly adhesives. Product awareness in terms of efficiency and new technologies, including the creation of new forms of ready-to-use adhesives, will likely continue a high growth trend for the market for the coming years.

Tile Adhesives and Stone Adhesives Market Trend Analysis:

Shift Towards Sustainable and Advanced Adhesives

• The newest direction for tile adhesives and stone adhesives involves the improvement of the adhesive materials so that they follow the natural approach to sustainability. With increase in consciousness level about environment constructing industries are inclining towards eco and green constructions. Environmentally friendly adhesives such as those with low VOC and recyclable are still developing due to continually tightening top standard accepted in the environment and customer favor towards green products. Also new products such as polymer-modified cementitious adhesives characterized by better elasticity, moisture resistance, and ability to bond to a variety of substrates are appearing. The application of self-curing features and the forgery of lightweight formulaFeatures is also supporting a considerable trend in the development of these adhesives to meet the present-day construction requirements.

Rising Urbanization and Infrastructure Projects in Emerging Economies

• The ever-rising level of urbanization as well as the growing infrastructure projects across the emerging economies remain a market gold mine for the tile adhesives and stone adhesives market. Places like the Asia-Pacific area, the Middle East, and Africa have experienced tremendous growth in terms of built environment for living as well as business. Governments in these regions are spending substantially on affordable housing, smart cities, and public structures, thus, seeing a steep traction of construction material and adhesives. Market development is further backed by the increasing popularity of luxury interiors and Hi-end tiles in the residential segment. Also, the change in focus from mechanical fastening to the use of adhesives is gradually picking up in the developing world where construction technologies are improving with time.

Tile Adhesives and Stone Adhesives Market Segment Analysis:

Tile Adhesives and Stone Adhesives Market is Segmented on the basis of Chemistry, Construction Type, End – user, and Region

By Chemistry, Cementitious segment is expected to dominate the market during the forecast period

• Based on the cementitious system, the tile adhesives and stone adhesives market is expected to hold the largest market share during the forecast period because of the large-scale demand in residential, commercial and industrial applications. Cementitious adhesives are preferred for their economic feasibility, high bond strength and their ability to bond sound substrates and range of materials common in large-scale construction projects. These adhesives also do not degrade when exposed to moisture, weathering, as well as heat expansion and contraction thus improving their durability both inside and outside.
• Moreover, a polymer-modified cementitious adhesive has become the preferred choice, mainly because of the added advantages such as flexibility; better adhesion; and easy application. Developed to meet the demand for large-format tiles and natural stones that are gaining popularity the world over these adhesives are ideal for heavy traffic areas since they form strong bonds. The dominance of the segment can also be attributed to the fact that there is a formulation available for nearly every requirement, including high-temperature resistance or rapid setting time.

By Construction Type, New Construction segment expected to held the largest share

• Due to the increasing number of construction and infrastructure development projects happening around the globe, the new construction segment is expected to have the largest market share in the tile and stone adhesives market. Population growth and globalization have led to increase in construction activities, especially of residential, commercial and public structures in the emergent economies, which has greatly contributed to the need for high end construction materials. One notices that tile and stone adhesives are relatively used in the modern architectural designs because of the guarantee of good installation and strong appearance.
• In addition to that, it deals with government spending in smart cities and housing segment where these adhesives are used for easy and lasting application. Home building activity, where new concreting activities are often implemented, also appreciates ready to use adhesive that involve lesser labor and labor charge and superior performance. Consequently, the segment appears to hold the largest market share throughout the forecasting period.

Tile Adhesives and Stone Adhesives Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The current market trend shows that Asia-Pacific region holds the highest market of Tile Adhesives & Stone Adhesives in 2023 taking the market share of more than 40 percent. This is due to factors such as; rapid urbanization, development of buildings and structures and increasing demand for new generation housing markets including China, India and some parts of Southeast Asia. China is a major source of demand, especially due to its construction industry and its state programs of developing urban infrastructure. Further, the growing trend of using premium tiles and natural stones for interior application in residential and commercial building has expanded the usage of adhesives in particular region. Easy availability of inexpensive raw materials and cheap labor along with large number of manufacturers have made Asia-Pacific regions as a significant demand and supply region for tile and stone adhesives

Active Key Players in the Tile Adhesives and Stone Adhesives Market

• ARDEX Group (Germany)
• BASF SE (Germany)
• Berger Paints India Ltd. (India)
• Bostik (France)
• Dow Inc. (USA)
• Fosroc International Limited (UK)
• H.B. Fuller Company (USA)
• Henkel AG & Co. KGaA (Germany)
• Laticrete International, Inc. (USA)
• Mapei S.p.A (Italy)
• ParexGroup (France)
• Pidilite Industries Limited (India)
• Saint-Gobain Weber (France)
• Sika AG (Switzerland)
• Terraco Group (UAE)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Tile Adhesives and Stone Adhesives Market by Chemistry
 4.1 Tile Adhesives and Stone Adhesives Market Snapshot and Growth Engine
 4.2 Tile Adhesives and Stone Adhesives Market Overview
 4.3 Cementitious
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Cementitious: Geographic Segmentation Analysis
 4.4 Epoxy
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Epoxy: Geographic Segmentation Analysis
 4.5 Others
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Others: Geographic Segmentation Analysis

Chapter 5: Tile Adhesives and Stone Adhesives Market by Construction Type
 5.1 Tile Adhesives and Stone Adhesives Market Snapshot and Growth Engine
 5.2 Tile Adhesives and Stone Adhesives Market Overview
 5.3 New Construction
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 New Construction: Geographic Segmentation Analysis
 5.4 Repairs & Renovation
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Repairs & Renovation: Geographic Segmentation Analysis

Chapter 6: Tile Adhesives and Stone Adhesives Market by End User
 6.1 Tile Adhesives and Stone Adhesives Market Snapshot and Growth Engine
 6.2 Tile Adhesives and Stone Adhesives Market Overview
 6.3 Residential
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Residential: Geographic Segmentation Analysis
 6.4 Commercial
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Commercial: Geographic Segmentation Analysis
 6.5 Institutional
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Institutional: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Tile Adhesives and Stone Adhesives Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 ARDEX GROUP (GERMANY)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BASF SE (GERMANY)
 7.4 BERGER PAINTS INDIA LTD. (INDIA)
 7.5 BOSTIK (FRANCE)
 7.6 DOW INC. (USA)
 7.7 FOSROC INTERNATIONAL LIMITED (UK)
 7.8 H.B. FULLER COMPANY (USA)
 7.9 HENKEL AG & CO. KGAA (GERMANY)
 7.10 LATICRETE INTERNATIONAL INC. (USA)
 7.11 MAPEI S.P.A (ITALY)
 7.12 PAREXGROUP (FRANCE)
 7.13 PIDILITE INDUSTRIES LIMITED (INDIA)
 7.14 SAINT-GOBAIN WEBER (FRANCE)
 7.15 SIKA AG (SWITZERLAND)
 7.16 TERRACO GROUP (UAE)
 7.17 OTHER ACTIVE PLAYERS

Chapter 8: Global Tile Adhesives and Stone Adhesives Market By Region
 8.1 Overview
 8.2. North America Tile Adhesives and Stone Adhesives Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Chemistry
  8.2.4.1 Cementitious
  8.2.4.2 Epoxy
  8.2.4.3 Others
  8.2.5 Historic and Forecasted Market Size By Construction Type
  8.2.5.1 New Construction
  8.2.5.2 Repairs & Renovation
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Residential
  8.2.6.2 Commercial
  8.2.6.3 Institutional
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Tile Adhesives and Stone Adhesives Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Chemistry
  8.3.4.1 Cementitious
  8.3.4.2 Epoxy
  8.3.4.3 Others
  8.3.5 Historic and Forecasted Market Size By Construction Type
  8.3.5.1 New Construction
  8.3.5.2 Repairs & Renovation
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Residential
  8.3.6.2 Commercial
  8.3.6.3 Institutional
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
 8.4. Western Europe Tile Adhesives and Stone Adhesives Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Chemistry
  8.4.4.1 Cementitious
  8.4.4.2 Epoxy
  8.4.4.3 Others
  8.4.5 Historic and Forecasted Market Size By Construction Type
  8.4.5.1 New Construction
  8.4.5.2 Repairs & Renovation
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Residential
  8.4.6.2 Commercial
  8.4.6.3 Institutional
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
 8.5. Asia Pacific Tile Adhesives and Stone Adhesives Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Chemistry
  8.5.4.1 Cementitious
  8.5.4.2 Epoxy
  8.5.4.3 Others
  8.5.5 Historic and Forecasted Market Size By Construction Type
  8.5.5.1 New Construction
  8.5.5.2 Repairs & Renovation
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Residential
  8.5.6.2 Commercial
  8.5.6.3 Institutional
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Tile Adhesives and Stone Adhesives Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Chemistry
  8.6.4.1 Cementitious
  8.6.4.2 Epoxy
  8.6.4.3 Others
  8.6.5 Historic and Forecasted Market Size By Construction Type
  8.6.5.1 New Construction
  8.6.5.2 Repairs & Renovation
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Residential
  8.6.6.2 Commercial
  8.6.6.3 Institutional
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Tile Adhesives and Stone Adhesives Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Chemistry
  8.7.4.1 Cementitious
  8.7.4.2 Epoxy
  8.7.4.3 Others
  8.7.5 Historic and Forecasted Market Size By Construction Type
  8.7.5.1 New Construction
  8.7.5.2 Repairs & Renovation
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Residential
  8.7.6.2 Commercial
  8.7.6.3 Institutional
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research