Tile Adhesives And Stone Adhesives Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company's Tile Adhesives And Stone Adhesives Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LANDON, GREATER LANDON, UK, November 15, 2023 /EINPresswire.com/ -- The global tile adhesives and stone adhesives market witnessed substantial growth, with the market size expanding from $4.09 billion in 2022 to $4.59 billion in 2023, reflecting a remarkable compound annual growth rate (CAGR) of 12.2%. Despite challenges posed by the Russia-Ukraine conflict disrupting global economic recovery from the COVID-19 pandemic, the market is expected to continue its upward trajectory, reaching an estimated $6.71 billion by 2027 at a CAGR of 9.9%.

Driving Forces: Economic Factors and Urbanization

The Russia-Ukraine war introduced economic uncertainties, impacting multiple countries with sanctions, commodity price surges, and supply chain disruptions. Despite these challenges, the tile adhesives and stone adhesives market is set to thrive, driven by an increase in foreign direct investments (FDI) in the construction industry and the ongoing global trend of urbanization. Notably, FDI inflows in the construction development sector, as reported by the Department for Promotion of Industry and Internal Trade of India, reached $51.5 billion from April 2020 to June 2021. The real estate sector also attracted $5 billion in institutional investments in 2020. The World Bank predicts that by 2050, 70% of the world's population will reside in metropolitan regions, further fueling construction activities.

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Major Players in the Market

Key industry players contributing to the growth of the tile adhesives and stone adhesives market include ARDEX GmbH, Sika AG, Saint-Gobain, Pidilite Industries Limited, H B Fuller, Mapei, Fosroc, Laticrete International Inc., BASF, 3M, Royal Adhesives & Sealants LLC, Terraco, Superior Stone Products Inc., Tenax, Wacker Chemie, and Henkel.

Trends: Technological Advancements

Technological advancements are a prominent trend in the tile adhesives and stone adhesives market. Major companies are leveraging innovation to enhance their market positions. For example, Laticrete introduced Glass Tile Adhesive Lite in February 2021, a product crafted with crystalline silica levels and OSHA action levels, offering superior lightweight features, increased bond strength, long open time, and non-sag performance. Sika's acquisition of Bexel International in August 2021 further exemplifies the industry's commitment to technological growth, reinforcing Sika's presence in the Mexican construction market.

Regional Insights: North America Leads, Asia-Pacific at the Forefront

In 2022, North America emerged as the largest region in the tile adhesives and stone adhesives market. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The global analysis covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. These insights provide a comprehensive understanding of regional dynamics, market trends, and growth opportunities.

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Tile Adhesives And Stone Adhesives Global Market Report 2023 from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Tile Adhesives And Stone Adhesives Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on tile adhesives and stone adhesives market size, tile adhesives and stone adhesives market drivers and tile adhesives and stone adhesives market trends, tile adhesives and stone adhesives market major players, competitors' revenues, tile adhesives and stone adhesives market market positioning, and market growth across geographies. The tile adhesives and stone adhesives market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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