Global Ceramic Tile Adhesive Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ceramic Tile Adhesive Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ceramic Tile Adhesive is a new modern decoration material used to paste decorative materials such as tiles, face tiles, floor tiles and so on. Its main features are high bonding strength, water resistance, freeze-thaw resistance, good aging resistance and convenient construction.

Market Overview:

The latest research study on the global Ceramic Tile Adhesive market finds that the global Ceramic Tile Adhesive market reached a value of USD 9292.29 million in 2022. It’s expected that the market will achieve USD 16939.84 million by 2028, exhibiting a CAGR of 10.53% during the forecast period.

The outbreak has had a complex impact on the Ceramic Tile Adhesive industry. First of all, for the Ceramic Tile Adhesive industry, the epidemic has had an impact on the production plans of companies in the Ceramic Tile Adhesive industry. Due to the outbreak of the COVID-19 epidemic, the production and operation of cement, cellulose ether, sand, latex powder and other production enterprises have been affected, and the production of raw materials has been restricted. This could lead to disruptions in the supply of raw materials to the Ceramic Tile Adhesive industry, affecting the company's production schedule. On the other hand, affected by the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government issued travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and affected the company's production plan.

The second is the downstream analysis of Ceramic Tile Adhesive industry. At present, unfavorable factors such as the global economic downturn and the outbreak of the global new crown pneumonia epidemic have led to the sluggish development of the building decoration industry. Due to the generally dense population at the building renovation construction site, construction activities were suspended to avoid cross-contamination. At the same time, there is a shortage of construction workers due to labor disruptions caused by the pandemic. As a result, various renovation construction activities have also been postponed, and the market demand for Ceramic Tile Adhesive has decreased. From the perspective of logistics, affected by the epidemic, many countries have imposed controls on domestic transportation and imposed restrictions on imported goods. This has resulted in varying degrees of logistical disruption, stockpiling and shipping delays during Ceramic Tile Adhesive sales.

Economic Factors

Global growth is expected to slow from 5.9% in 2021 to 4.4% in 2022, according to the International Monetary Fund's World Economic Outlook data released from 25 January 2022 to 2022. The Outlook (WEO) was cut by half a percentage point, mainly reflecting expected price cuts in the two largest economies. The revised assumptions remove the build back better fiscal policy scenario from the baseline, an early exit from monetary easing, and persistent supply shortages lead to a 1.2 percentage point cut in the U.S. The outbreak led to a downgrade of 0.8 percentage points. Global growth is expected to slow to 3.8% in 2023. The impact of the current new crown pneumonia epidemic has not been completely eliminated. Some countries have rebounded from time to time, and the global epidemic is still spreading. According to Oxford Economics data, the global construction output in 2020 will be worth $10.7 trillion (in 2017 prices and exchange rates), and the agency expects it to grow by 42% or $4.5 trillion between 2020 and 2030, reaching $15.2 trillion. The global construction industry will be the engine of global economic growth and recovery from COVID. With the recovery of the global economy, the increase in residents' income and the continuous development of the construction industry, the market demand for Ceramic Tile Adhesive will continue to increase.

Social Factors

With the continuous development of the economy and the improvement of consumers' living standards, the requirements for environmental protection, energy saving and aesthetics of decoration materials have also increased accordingly. Especially in recent years, with the continuous introduction of ceramic tiles, the characteristics of thin layer and low water absorption make it impossible for traditional cement mortar paving to penetrate into the holes of ceramic tiles, resulting in the occurrence of bricks and other situations. Because Ceramic Tile Adhesive can greatly improve the safety of decorative building materials, and the cost is relatively low. Therefore, Ceramic Tile Adhesive continues to replace traditional cement sand. In general, with the upgrading of concepts, consumers' quality requirements for interior decoration continue to increase, and the demand for Ceramic Tile Adhesive in the field of interior decoration is also increasing. At the same time, with the increasing application of new building materials and the continuous advancement of technology in the decoration and decoration industry, the market demand for high-quality Ceramic Tile Adhesive continues to grow. Leading enterprises have obvious competitive advantages in terms of production technology and product quality, and their market share is gradually expanding, and backward enterprises will be gradually eliminated.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (48.16% in 2021).

Company Overview:

Sika is one of the major players operating in the Ceramic Tile Adhesive market, holding a share of 4.58% in 2022.

Sika

Sika as a specialty chemicals company. Sika is a leader in the development and production of systems and products for bonding, sealing, damping, reinforcement and protection for the construction and automotive industries. In May 2019, Sika completes the acquisition of Parex, the biggest acquisition of the company’s history. With this acquisition, Sika further strengthens its world leader position in construction chemicals.

Weber

Weber is the world's leading brand of tile adhesives, grouts, waterproofing products and silicones, part of the French Saint-Gobain Group. The company's products include tile adhesives, glue scrubs, waterproofing, colloids, porous and quick-acting sealants, waterproofing enhanced tapes, and more.

Segmentation Overview:

The Ceramic Tile Adhesive market based on the product type is segmented into Cementitious Adhesive, Dispersion Adhesive and Reaction Resin Adhesive. The Cementitious Adhesive segment led the overall market in the year 2021, with a market share of 73.68%.

Cementitious Adhesive

Cementitious Adhesive is the most commonly used adhesive for laying tiles today. The product usually consists of cement sand base and various additives.

Dispersion Adhesive

Dispersion Adhesive is a plastic-based water-soluble tile adhesive, usually already available as a ready-to-use mix. The biggest advantage of these adhesives is that they are more flexible after curing.

Reaction Resin Adhesive

Reaction Resin Adhesive can be mainly used in commercial areas with particularly high demands on tile adhesives (eg commercial kitchens, laboratories, industry, etc.). Due to their excellent adhesion properties and high flexibility, they are not only suitable for critical substrates such as plastics, metals or glass, but are also resistant to chemicals.

Application Overview:

By application, the Tiled Floor Pasting segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ceramic Tile Adhesive market covered in Chapter 3:

BASF
ABC
Henkel
Weber
Oriental Yuhong
Sika
Bostik
Mapei
LANGOOD
Laticrete
TAMMY

In Chapter 4 and Chapter 14.2, on the basis of types, the Ceramic Tile Adhesive market from 2018 to 2029 is primarily split into:

Cementitious Adhesive
Dispersion Adhesive
Reaction Resin Adhesive

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ceramic Tile Adhesive market from 2018 to 2029 covers:

Stone Floor Pasting
Tiled Floor Pasting
Polyethylene Floor Pasting
Wood Floor Pasting
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)