Tile Adhesives & Stone Adhesives Global Market Report 2024

Tile adhesives and stone adhesives are specially formulated dry powders that, when mixed with water or a latex additive, create a consistent paste used to permanently bond materials together. These adhesives find application in fixing tiles on walls, floors, granite, and marble, including the installation of large tiles and tiles in high-moisture areas. They are employed for various stones, ceramic tiles, both in interior and exterior settings of residential or commercial spaces.

The primary types of chemical components in these adhesives include cementitious, epoxy, and others. Cementitious components are utilized to harden and bind aggregate particles, enhancing the workability of fresh concrete and reducing thermal cracking in large structures by mitigating the heat generated during hydration. In the tile adhesives and stone adhesives market, cementitious materials refer to building substances mixed with water to form a plastic paste. These adhesives are utilized in new construction, repairs, and renovations. The applications of tile adhesives and stone adhesives span various materials such as ceramic tiles, marble tiles, mosaics, and glass. These adhesives cater to a diverse range of end users, including residential, commercial, and institutional sectors.

The tile adhesives and stone adhesives market research report is one of a series of new reports that provides tile adhesives and stone adhesives market statistics, including tile adhesives and stone adhesives industry global market size, regional shares, competitors with an tile adhesives and stone adhesives market share, detailed tile adhesives and stone adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the tile adhesives and stone adhesives industry. This tile adhesives and stone adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The tile adhesives & stone adhesives market size has grown rapidly in recent years. It will grow from $4.54 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth observed during the historical period can be attributed to several factors, including the expansion of construction and infrastructure projects, ongoing urbanization and real estate development, the demand for industrial and commercial flooring solutions, consumer preferences for durable flooring materials, and the influence of interior and exterior design trends.

The tile adhesives & stone adhesives market size is expected to see rapid growth in the next few years. It will grow to $7.75 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The anticipated growth in the forecast period can be attributed to several factors, including the emphasis on sustainability and green building practices, the growing importance of outdoor and landscape design, the influence of digital marketing and e-commerce, increased demand for industrial flooring solutions, and a focus on infrastructure rehabilitation. Major trends expected during this period encompass the use of green and low-VOC adhesives, the adoption of rapid-curing adhesives, the utilization of digital tools for product selection, the popularity of large-format tiles and slabs, and the increased demand for resilient flooring solutions.

The tile adhesives and stone adhesives markets are anticipated to experience growth due to an increase in foreign direct investments (FDI) in construction industries and the ongoing rise in urbanization. These adhesives play a crucial role in fixing tiles and stones, both indoors and outdoors, contributing to the overall construction landscape. For example, in 2023, the Federal government of Mexico reported a substantial foreign direct investment of $659 million in construction, emphasizing the significance of international investments in this sector. Moreover, as per the World Economic Forum in April 2022, more than 4.3 billion people, constituting 55% of the global population, resided in urban areas, and this figure is expected to escalate to 80% by 2050. The growth in the urban population correlates with increased construction activities, driving the demand for tile adhesives and stone adhesives.

The expansion of the construction industry is set to be a major driver for the tile adhesives and stone adhesives markets. These adhesives are integral to construction projects for installing tiles and natural stone surfaces, such as floors, walls, and countertops. Recent data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development highlights a significant increase in privately owned home starts and completions in May 2023. The surge in construction activities, as indicated by these statistics, is expected to significantly contribute to the growth of the tile adhesives and stone adhesives market.

A notable trend in the market is the incorporation of technological advancements in tile adhesives and stone adhesives. Leading companies are introducing innovative technologies, like the Glass Tile Adhesive Lite, designed to meet safety standards related to crystalline silica levels and OSHA action levels. An instance of this is the Glass Tile Adhesive Lite introduced by Laticrete in February 2021. This adhesive mortar, formulated to enhance bond strength and non-sag performance, showcases the industry's commitment to technological progress and safety compliance.

Product innovation remains a key focus for major players in the tile and stone adhesives market. Innovations involve the development of advanced formulations, application methods, or additives that enhance adhesive performance, durability, and installation efficiency. For instance, Fosroc Inc. launched the nitotile solution in June 2023, offering an array of tile adhesives and grouts designed to address various tile installation and maintenance needs in the Indian market.

In August 2021, Sika, a Switzerland-based specialty chemical company, acquired Bexel International. This strategic acquisition aims to strengthen Sika's position in the Mexican construction market, providing opportunities for cross-selling complementary products and expanding its manufacturing footprint and distribution network. Bexel International, a Mexico-based manufacturer of tile adhesives and stucco, contributes to Sika's growth in the competitive construction industry.

Major companies operating in the tile adhesives & stone adhesives market include ARDEX GmbH, Sika AG, Saint-Gobain, Pidilite Industries Limited, H B Fuller, Laticrete International, Bostik, Fosroc, Parex Group, Cemex, Custom Building Products, Pidilite Industries, Litokol, Ceresit, Caparol, Fila, Knauf, Lanko, CGM, Dunlop, Wacker Chemie AG, Sakrete, Norcros, ABC, Lankem Ceylon, VitrA, Perlcon

North America was the largest region in the tile adhesives and stone adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global tile adhesives and stone adhesives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the tile adhesives and stone adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The tile adhesives and stone adhesives market consists of sales of thin-set mortar and latex mortar. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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