U.S. Tile Adhesive Market
In competitive landscape, the MRFR studies the key developments adopted by the companies between 2022 and 2030. Players in this market adopted various strategies to expand their footprint and augment their market share.
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Bostik , Custom Building Products , H.B. Fuller , PAREX Group SA , Sika AG , ARDEX Group , Terraco , Pidilite Industries Ltd , Mapei S.p.A , Henkel AG Co. KGaA , and Saint-Gobain Weber among others are some of the prominent players at the forefront of competition in the U.S. Tile Adhesive Market and are profiled in MRFR Analysis.
Tile Adhesive Market – Overview:
Tile adhesive is a non-metallic substance which is able to join two substrates using adhesion mechanisms (developed between the adhesive and substrate) and cohesive mechanism (developed within the adhesive itself). They have ultimate flexibility, high bond strength, shock impact and chemical resistance. Tile adhesives are used to install tiles in residential and commercial buildings on floors or on walls. The U.S. tile adhesive market is expected grow substantially and register a healthy CAGR during the anticipated period (2022 – 2030).
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The need for tile adhesive in US is gradually rising owing to factors such as, growing demand of ceramic and thin porcelain decorative tiles, increase in residential housing projects and boom in non-residential projects. U.S. Tile Adhesive Market Research is estimated to witness high demand in near future.
Based on type, cementicious tile adhesive accounted the largest market value share in 2016, the segment is anticipated to grow at highest CAGR due to its modified properties and low price in comparison to other adhesives. Cementicious adhesive segment is followed by dispersion adhesive and reaction resin adhesive.
On basis of end user, residential segment accounted for largest market share of 54.9%, the segment is anticipated to grow at healthy CAGR during the forecast period due to increase in residential construction activities.
However, lower profit margins due to the usage of low-cost chemicals may restrain the market in future.
Industry/ Innovation/ Related News:
April 2016 – Bostik expanded its cementitious powder production capacities in Philippines, based on its world-class Polymer Modified Binder (PMB) technology. With this expansion, Bostik will be able to serve tile adhesive to construction customers. The expansion would help Bostik to increase its market share and give strong competition to Custom Building Products, one of the giant in tile adhesive in U.S.
April 2016 – Parex Group acquired Quartzobra, Brazilian tile setting material producer which has been generating yearly revenue of USD 7.15 million. The acquisition has been made by eyeing strong country based operations in Brazil for tile ashesives. The acquisition strategy would help Parex Group to increase its market share in Latin America region.
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Table of Content
1 Report Prologue
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Residential Construction Activity
4.2.2 Boom In Non-Residential Construction Activity
4.2.3 Growing Consumption Of Ceramic Tiles
4.3 Restraints
4.3.1 Low Profit Margin
4.4 Opportunities Trends
4.4.1 Innovative Low VOC Adhesive
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