Ceramic TileAdhesives Market: Creating Safer Walkways
· Rise in urbanization and increase in shift of population from ruralareas to urban areas are driving the demand for new residential construction indeveloping nations. This growth in demand for residential construction isboosting the demand for tile adhesives in developing nations.
· Ceramic tile adhesive is an emulsion, which is in the ready-to-use stateto be applied on building structures. These adhesives act as binders,protective colloids, and suspension & stabilization agents. Additionally,ceramic tile adhesives can be used as coating polymers and lubricity &workability enhancers in the building & construction sector.
· These adhesives possess properties such as water retention at varioustemperatures, improved adhesion and cohesion, and flexibility.
Rise inUrbanization and Increase in FDI in Construction Industries Anticipated toBoost Ceramic Tile Adhesives Market
· Civic infrastructure is developing at a significant pace across variousgeographies. Governments of developing countries such as India are striving toboost the construction sector in the country. For instance, the Government ofIndia has launched a subsidy scheme for first-time home buyers. The scheme isknown as ‘Pradhan Mantri Awas Yojna.’ This is driving the demand forresidential construction in the country, thereby propelling the demand forceramic tile adhesives.
· Movement of large amounts of population to urban areas for employmentand better standard of living are also driving the demand for construction ofinfrastructure in developing countries. This is anticipated to boost the demandfor ceramic tiles, thereby propelling the demand for ceramic tile adhesives.
· Besides the traditional applications, ceramic tile adhesives are alsoused as coating polymers and lubricity & workability enhancers. Ceramictile adhesives are also used to install countertops and backsplash. Theseadhesives are also employed to bond thin brick over fully cured concrete,cement backer board, cement mortar beds, cement plaster, cement block, gypsumwallboard, and exterior grade plywood.
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Cementitious andDispersion Segments to Offer Lucrative Opportunities
· The dispersion segment is expected to expand at a rapid pace during theforecast period. Growth of the segment can be ascribed to the ability ofdispersion to provide resistance to chemicals and help in improving thedurability of the final product.
· Dispersion-based tile adhesives require less amount of water andsuperior flexural strength, making them ideal solutions over other cement-basedtile adhesives. These attributes of dispersion-based tile adhesives areprojected to boost the demand for cement-based tile adhesives in the nearfuture.
· Increase in urbanization and FDI investment in the construction sector,typically in Japan, China, India and South Korea, are likely to offersignificant opportunities to manufacturers of ceramic tile adhesives in thesecountries in the near future
Intense Competitionfrom Counterparts and High Flammability to Hamper Market
· Lack of awareness regarding the usage of ceramic tile adhesives for tileinstallations is one of the major restraints of the ceramictile adhesives market in developing countries. Constructionprofessionals in developing countries still use mortar as an adhesive forinstalling wall and floor tiles. However, increase in number of workshops andseminars conducted by construction material manufacturers has been driving theawareness about the benefits of using ceramic tile adhesives.
· Rise in usage of wall papers and floor carpets in commercial and officespaces is also projected to pose threat to the ceramic tile adhesivesmarket.
Asia PacificExpected to Drive Global Ceramic Tile Adhesives Market
· In terms of region, the global ceramic tile adhesives market can besplit into five regions: North America, Europe, Asia Pacific, Latin America,and Middle East & Africa
· Asia Pacific is a leading consumer of ceramic tile adhesives, followedby Europe and North America. Rise in demand for decorative walls and ceilings inthe U.S., Canada, and the U.K. is expected to propel the demand for ceramictile adhesives during the forecast period. Additionally, increase in demand forresidential construction in developing countries of Asia Pacific such as China,India, Indonesia, and Vietnam is anticipated to offer lucrative opportunitiesto manufacturers of ceramic tile adhesives operating in the region.
· Increase in FDI investment in the construction industry in developingcountries of Asia Pacific is also expected to fuel the market in the regionduring the forecast period
· Rise in demand for ceramic tile adhesives for renovation activities indeveloped countries such as the U.S. and the U.K. is estimated to augment theglobal ceramic tile adhesives market during the forecast period
· Increase in demand for ceramic tile adhesives in Latin America andMiddle East & Africa, led by the excellent bond and shorter set times ofceramic tiles adhesive, is likely to boost the ceramic tile adhesives market inthese regions
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Key Players in CeramicTile Adhesives Market
The global ceramic tile adhesivesmarket is moderately fragmented, with the leading manufacturers accounting forapproximately 30% to 35% share. Key players operating in the ceramic tileadhesives market include:
· Saint-Gobain S.A.
· Bostik SA
· B. Fuller Construction Products Inc.Sika AG
· Pidilite Industries Ltd.
· BASF SE
· Sika AG
· Fosroc, Inc.
· Synthomer Plc.
· Morgan Ceramic Tile Adhesives
· Building Adhesives Ltd
· Norcros Group (Holdings) Ltd.
· Brit Adhesives Ltd
· Tile Magic (Pty) Ltd
· BENFER SCHOMBURG SRL
· Mapei U.K. Ltd.
· ACT Australia PTY LTD
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