Tile Adhesives & Stone Adhesives Market Anticipated to Grow US$ 7.0 Billion by 2027

The report "Tile Adhesives & Stone Adhesives Market?by Chemistry (Cementitious and Epoxy), Construction Type (New Construction and Repairs & Renovation), End Use (Residential, Commercial, and Institutional) and Region - Global Forecast to 2027" The global tile & stone adhesives market size is projected to grow from USD 4.7 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 8.0%. Market growth is attributed to the rising demand for tile & stone adhesives in the growing construction industry in residential, commercial, and institutional end uses across the world. The growth of the market is also triggered by the rising demand for ceramic tiles for decorative applications, the thin tile concept innovation, and advancements in technology related to low VOC emitting products.

Major players operating in the tile & stones adhesives include ARDEX Group (Germany), Terraco Group (UAE), Sika AG (Switzerland), Saint-Gobain Weber (France), H.B. Fuller (US), Mapei S.p.A (Italy), Fosroc International Limited (UK), Pidilite Industries Limited (India), Laticrete International, Inc. (US), and Arkema (Bostik) (France).

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Recent Developments

• In March 2022, Berger Fosroc Ltd, a joint venture between Berger Paints Bangladesh and Fosroc International Ltd, has set up a construction chemicals factory in Bangladesh to meet the growing domestic demand for construction chemical materials and solutions.
• In February 2022, Sika expanded in Tanzania to supply locally produced mortars and tile adhesives in addition to concrete admixtures by eliminating the need for long transport routes and ensuring rapid and reliable delivery to customers. Its site extension in Ivory Coast allows the company to double production capacities in tile adhesives and repair mortars while simultaneously increasing warehousing capacities.
• In August 2021, Sika acquired Bexel International S.A. de C.V., a leading manufacturer of tile adhesives and stuccos in Mexico. The acquisition strengthened Sika’s position in the large, fast-growing Mexican construction market and significantly extended its manufacturing footprint.
• In February 2021, Laticrete launched a premium adhesive mortar for glass tiles and mosaic tiles. Enhanced with superior adhesion for all types of glass tile applications, indoor and outdoor, including pools, spas, showers, and more. Glass Tile Adhesive Lite meets the highest standard for polymer-modified adhesives.
• In January 2021, Mapei South Africa extended its range of C2 tile adhesives with a new addition to the Kerabond family. Kerabond Plus is a C2E class cementitious (C), improved adhesion (2), extended open time (E) adhesive for ceramic and porcelain tiles. It is suitable for bonding all types of tiles (ceramic, porcelain, single-fired, terracotta, double-fired, klinker, etc.) and mosaic on internal and external substrates.??

The cementitious chemistry segment is expected to register the fastest growth during the forecast period. The demand for cementitious adhesives is fueled by modifications that require blending high-quality polymers, which enable them to bond huge ceramic tiles on walls. The advantages of using cementitious adhesives are their low cost, excellent adhesion properties, polymer-modified mix, slip resistance, self-curing properties, and the ability to mix large quantities of material in a single batch. Owing to the reduction in thickness of ceramic tiles over time, along with an increase in their size and improved construction techniques, which require continuous surfaces with extremely high architectural value, the demand for these adhesives is expected to remain significant.

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Although currently a smaller market compared to new construction, repairs and renovation is expected to grow at the same rate during the forecast period. Big economies such as Germany, the US, Italy, and France have started to recover from the economic slowdown in recent years and have shifted their focus to upgrading their infrastructure related to housing, airports, and metros, among other projects. Also, premium hotels, which regularly upgrade their flooring once in five-eight years, are emerging end users of tile & stone adhesives. Owing to an increase in the demand for granite and exotic stones for renovations in high-end residential applications, the tile & stone adhesives market is expected to witness significant growth during the forecast period. European and North American countries, where carpets and rugs are used the most in flooring, have started preferring tiles instead of traditional flooring methods, which will boost the repairs and renovation segment, thereby creating demand for tile & stone adhesives gradually.

Asia Pacific is the largest consumer of tile & stone adhesives, as almost 60-70% of the total Asia Pacific flooring market is dominated by ceramic tiles and natural stones such as marble and granite. The increasing awareness about the benefits of tile adhesives, improved tile strength & slip resistance, low VOC emitting products, and a large number of residential construction activities in Vietnam, Singapore, Malaysia, India, and China are fueling the growth of the tile & stone adhesives market.