Stone and Tile Adhesives & Sealants Market is to Touch $6.07 Billion by 2030; Rapidly Increasing Residential Projects in Developing Countries and Increase in the Usage of Ceramic and Thin Porcelain Decorative Tiles Propels Market Growth.

The Stone and Tile Adhesives & Sealants Market size is estimated to reach $6.07 billion by 2030, growing at a CAGR of 9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Stone and Tile Adhesives & Sealants Market Size, Share & Trends Analysis Report- By Material Type (Vinyl Ester, Polyvinyl Acetate, Epoxy Resin, and Others), By Application (Glass Tiles, Mosaic Tiles, Decorative Glass Panels and Splashbacks, Porcelain Decorative Tiles (Kitchens, Hallways, Fireplace Surrounds, Floor Tiles, Others), Ceramic Tiles, Natural Stone Wall, Split Face Cladding Tiles, Agglomerated Marble, and Others), By Testing Level (Residential Buildings (Private Dwellings, Apartments, Raw Houses), Commercial Buildings {Office, Industrial Buildings (Production Space, Warehouse, Others), Healthcare (Hospitals, Long Term Care Facilities, Clinics and Diagnostic Centers, Others), Hotels and Restaurants, Concert Halls and Museums, Sport Arena (Gym, Training and Coaching Center, Sports and Recreation Centers, Others), Educational Institutes (Schools, Universities and Colleges, Research Centers)}, and Others), & By Geography, Forecast, 2024-2030”

The rapidly increasing residential projects in developing countries and increase in the usage of ceramic and thin porcelain decorative tiles are fueling the growth of the Stone and Tile Adhesives & Sealants industry during the forecast period.

North America has established itself as the largest market for stone and tile adhesives and sealants, holding a significant 31% share in 2023. This dominance is largely attributed to the robust demand for residential construction, particularly single-family homes, which has surged in recent years. The American Housing Survey indicates that there are approximately 95 million single-family homes in the U.S. alone. Additionally, substantial foreign direct investment (FDI) in the construction sectors of Canada and Mexico further bolsters this market, contributing to the increasing consumption of adhesives and sealants necessary for various building projects. 

Ceramic tiles, porcelain decorative tiles, and mosaics are increasingly utilized in modern construction for decoration and finishing. The stone and tile adhesives and sealants market is projected to grow significantly, driven by building developments in regions like Asia Pacific. For example, the Indian government aims to construct 20 million affordable urban houses by 2022 under the "Pradhan Mantri Awas Yojana." Additionally, the "Housing for All" initiative plans to build 40 million rural houses by 2022, with 24.1 million already completed as of July 19, 2023. This growth is expected to positively impact the market.

Ceramic tiles and thin porcelain decorative tiles are essential for interior decoration and renovation. Porcelain tiles are favored in commercial spaces like kitchens and washrooms due to their durability and waterproof nature, making them ideal for wet rooms. In North America, demand for ceramic tiles is rising, driven by a growing construction sector. The Asia Pacific region holds the largest share of the ceramic tiles market, fueled by booming construction activities. According to the India Brand Equity Foundation (IBEF), India's real estate sector is projected to reach a market size of US$ 1 trillion by 2030, enhancing demand for stone and tile adhesives and sealants. 

Key companies profiled in the Stone and Tile Adhesives & Sealants Market are Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group (Bostik SA), BASF SE, 3M, AKEMI, JMH Group (Fosroc, Inc.), Ardex Endura, LATICRETE International Inc., DuPont de Nemours, Inc., and others.