Australia And New Zealand Tile Adhesive Market Research Report Forecast to 2030
The Australia and New Zealand tile adhesive market was USD 55.85 million in 2021. The market is projected to reach USD 104.51 million by the end of the forecast period at a CAGR of 7.26%. In terms of volume, the Australia and New Zealand market was 101.90 kilotons in 2021 and is anticipated to register a CAGR of 6.46% during the forecast period. The Australia and New Zealand tile adhesive market is prominently influenced by many market-driven factors. Some of the market-driven factors, which are slated to fuel the Australia and New Zealand market growth include growing demand for tile, rising disposable income, and rapid urbanization. Apart from these factors, growing investment in residential as well as non-residential construction activities across the globe is projected to trigger Australia and New Zealand tile adhesive market growth.
Residential construction is a leading segment in the tile adhesive market based on its end use. Non-residential construction is commercial and institutional. The commercial construction activities include new construction, replacement, and transportation activities. Demand for decorative tiles in commercial construction offers a good perspective, which is expected to drive the tile adhesives market. Decorative tile can be installed in malls, airports, office buildings, retail outlets, and commercial buildings, with uses including flooring, wall coverings, and other applications. The demand is dominated by the floor covering applications for decorative, ceramic, vitrified, and other tiles as consumer preference have shifted from carpets and rugs to tiles, which will continue to spur the demand for tile adhesives.
Market SegmentationAccording to MRFR analysis, the Australia and New Zealand tile adhesive market is segmented into type, chemistry, application, end-use, and region. Based on type, the tile adhesive market is segmented into cementitious, dispersion, and reactive tile adhesive. The cementitious segment accounted for the largest market share of 75.78% in 2021 with a market value of USD 42.32 million.
Based on chemistry, the market is segmented as vinyl acetate ethylene, VAE-volva, acrylic, styrene-butadiene, epoxy, polyurethane, and others. Acrylic accounted for the largest value market share of 29.61% in 2021 due to its use in cementitious tile adhesive (as an additive) as well as dispersion tile adhesive (purely acrylic dispersion).
The prominent application of tile adhesives includes ceramic tile followed by ceramic tile, vitrified tiles, mosaic and glass, natural stone, and others. The segment is anticipated to register the highest CAGR of 7.61% during the forecast period due to the growing demand for ceramic tiles in various applications such as flooring, walls, kitchen counters, patios, and walkways. Based on end use, the market is segmented as residential, commercial, and institutional. The residential segment accounted for the largest market share of 65.54% in 2021 with a market value of USD 70.92 million.
Major PlayersHenkel AG & Co KgaA, Bostik, BASF SE, Henkel AG & Co KgaA, Sika AG, and Saint-Gobain Weber
Companies MentionedHenkel AG & Co KgaA
Bostik
BASF SE
Henkel AG & Co KgaA
Sika AG
and Saint-Gobain Weber.
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