Market Scope
Market Research Future (MRFR) studied the US tile adhesive market from 2022 through the study period till 2030. As per MRFR data, the US tile adhesive market is expected to rise at 8.69% CAGR. By 2030, the US tile adhesive market is expected to value at USD 590.02 Mn.
Market Drivers and Restrains
Expansion of the tile adhesive market in U.S. can be attributed to the increasing demand for remodeling activities in the construction sector. The rise in demand for refurbishment of old constructions and replace worn floors with modern aesthetically pleasing tile styles can boost the need for tiles adhesive. The rise in sales of tiles adhesive can benefit the market. The growing utility of decorative tiles in office buildings, malls, retail outlets, airports, and other municipal and commercial buildings for flooring, countertops, backsplashes, and wall coverings among other application can improve the impetus of the US tile adhesive market upsurge.
Regional Analysis
In the U.S., the tile adhesive market is likely to surge at a significant pace owing to rise in reconstruction activities. The presence of numerous house owners in the region are inclined to improve the aesthetic of their interior that can prompt the increasing demand for tile adhesive in the U.S region in the review period. In addition, top-notch players are investing in new range of products that offer better adhesion and provide prolonged bonding ability. However, suppliers across the globe that are focused in innovations can influence the market. Some companies, such as H.B fuller, Bostik, Custom Building Products, and Saint-Gobain Weber, are investing in innovations and to improve their product portfolio. New launches added to the existing product line can work in favor of the market in the years to come. A chemical distribution company based in Arkem, has opened its new facility in Dallas, Texas, named Bostik production for the production of tile adhesive in the region. In addition, Saint-Gobain Weber, a stone adhesive manufacturer, launched epoxy adhesive with three components that includes chemical resistant and heavy duty adhesive for fixing tile and stone. Other companies, such as; Custom Building Products, a commercial company with the headquarter in California, has launched its high-performance glass tile enabled with premium thin-set mortar that improve efficacy of operations. These innovations can propel of the US tiles adhesive market in the approaching years.
Market Segmentation
The segment assessment of the U.S. tile adhesive market is based on end-user and type.
The type-based segments of the US tile adhesive market are dispersion adhesive, reactive resin adhesive, and cementitious adhesive. The end use-based segments of the U.S. tile adhesive market are non-residential and residential.
The rise in adoption of cementitious tile adhesives by a largely population of people in the U.S. looking for constructional solutions to re-innovate can favor the cementitious segment. The growing utility of cementitious tile adhesive for wall and floor solutions can add to the expansion of the market. The availability of types cementitious tile adhesive both polymer modified cements and water resistant cements that are suitable for external and internal use are gaining traction due to their advantages and better customer experience offered. These can explain the rapid rise of the US tiles adhesive market in the near future. The segment of dispersion adhesive of the market is likely to secure about 25% share of the worldwide market by 2027. However, in coming years, the cementitious adhesive type can dominate the U.S. market due to its low price. The affordability of reactive resin adhesive can also favor the market upsurge in the review tenure.
The U.S. tile adhesive market segment analysis on the basis of end user comprises non-residential and residential. MRFR findings reveals that the residential segment is likely to dominate the worldwide market with a value about 54.9% in the review period. The non-residential segment is expected to expand at steady pace over the analysis period.
Key Players
Bostik , H.B. Fuller , Custom Building Products , PAREX Group SA , ARDEX Group , Sika AG , Terraco , Mapei S.p.A , Pidilite Industries Ltd , Saint-Gobain Weber, and Henkel AG & Co. KGaA are some reputed names in the U.S. tile adhesive market that are listed by MRFR.
