Tile Adhesives & Stone Adhesives Market - Forecast(2024 - 2030)

Tile Adhesives and Stone Adhesives Market Overview

Tile Adhesives and Stone Adhesives market size is forecast to reach $6.07 billion by 2030, after growing at a CAGR of 9% during 2024-2030 due to increasing demand from the residential, commercial and institutional sector. Polyvinyl acetate (PVA) is the most preferred vinyl ester to manufacture stone and tile adhesives and is used as porcelain decorative tiles in buildings. Agglomerated marbles are Tile Adhesives and Stone Adhesives, which are used for kitchen porcelain decorative tiles. The increasing building projects are expected to increase the demand of Tile Adhesives and Stone Adhesives in the global market. For instance, according to “India Brand Equity Foundation (IBEF),” India is representing 13% of GDP in real estate sector, which is expected to reach US$ 650 billion by 2025. Hence, rapid growth in the residential construction sector is expected to grow the Tile Adhesives and Stone Adhesives industry over the forecast period.

There's a growing preference for adhesives and sealants that are environmentally friendly. Consumers and businesses are increasingly conscious of the environmental impact of construction materials. As a result, there's a rising demand for products that have low volatile organic compound (VOC) content, are non-toxic, and are sourced sustainably. Manufacturers are responding by developing products that meet these criteria, such as water-based adhesives and sealants with reduced chemical emissions.

The industry is experiencing continuous technological advancements aimed at improving the performance and durability of adhesives and sealants. Manufacturers are investing in research and development to create products with enhanced properties, such as higher bonding strength, faster curing times, and greater resistance to moisture, heat, and chemicals. Additionally, innovations in application methods, such as the development of easy-to-use dispensing systems, are making installation processes more efficient and cost-effective.

Market Snapshot:

COVID-19 Impact

Lockdowns and restrictions on movement disrupted supply chains globally. Many manufacturers faced challenges in obtaining raw materials, leading to production slowdowns or halts. Furthermore, many construction projects were delayed or canceled due to the pandemic, leading to reduced demand for stone and tiles adhesives and sealants. This decline in construction activity directly affected market growth.
With people spending more time at home due to lockdown measures, there was a shift in consumer behavior. While demand for adhesives and sealants for large-scale commercial projects decreased, there might have been a slight increase in demand for DIY home improvement projects. The pandemic necessitated the adoption of new health and safety measures on construction sites, which might have impacted the choice of adhesives and sealants used. Products that offered antimicrobial properties or quick curing times might have seen increased demand.
As economies started to recover and vaccination efforts progressed, the construction sector gradually rebounded. This recovery likely positively impacted the demand for adhesives and sealants as construction projects resumed.

Report Coverage

The report: “Tile Adhesives and Stone Adhesives Market – Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Tile Adhesives and Stone Adhesives Industry.
By Material Type: Vinyl Ester, Polyvinyl Acetate, Epoxy Resin, and Others
By Application: Glass Tiles, Mosaic Tiles, Decorative Glass Panels and Splash backs, Porcelain Decorative Tiles (Kitchens, Hallways, Fireplace Surrounds, Floor Tiles, Others), Ceramic Tiles, Natural Stone Wall, Split Face Cladding Tiles, Agglomerated Marble, and Others
By End Use Industry: 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: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle east and Africa)

Key Takeaways

• North America dominated the market share in Tile Adhesives and Stone Adhesives market due to the growing demand for single family houses in this region and increasing FDI in the construction sector in developed countries such as Canada, and Mexico.
• According to the “United Nations Conference on Trade and Development (UNCTAD)”, in 2023 Canada received US$52.6 million in FDI.
• Agglomerated marble (made up of vinyl ester/epoxy resin), is widely used in both residential and public structures. Also, these marbles and porcelain decorative tiles are used in modular kitchens due to being very dense in nature. Thus, increase use of stone tiles and marbles are expected to grow the market demand in near future.

 
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Tile Adhesives and Stone Adhesives Market Analysis – By Material Type

Vinyl ester segment held the primary material type of Tile Adhesives and Stone Adhesives market in 2023. vinyl esters are more tolerant of stretching and east to process than polyesters thus these are used for buildings and reinforcements for bridges. Vinyl ester is more able to absorb impact without damage. In addition, due to their low cost, superior chemical and corrosion resistance, excellent heat performance and good mechanical properties, vinyl ester is used in building and construction. Vinyl ester is mostly preferred polyvinyl acetate (PVA) to manufacturing of stone and tile adhesives. Thus, increasing the demand of vinyl esters for manufacturing of stone & tile adhesive, is expected to grow the market demand.

Tile Adhesives and Stone Adhesives Market Analysis – By Application

Porcelain decorative tiles held the largest share by application in Tile Adhesives and Stone Adhesives Market in 2023 because porcelain decorative tiles are used in commercial space either a kitchen, washroom, hall ways, fireplace surround and other, due to their resistance and durability. Porcelain tiles are made by using finely grained clay at higher temperatures (1320°C), also these are denser, stronger and absorb moisture better than ceramic tiles. Thus, these are available in all finishes and use for both indoor and outdoor installations. Thus, porcelain decorative tiles can last many years in a residential setting. However, increasing investment in the residential project with growing demand for single family houses in United States will be expected to grow the demand of the flooring market. For instance, according to the “HousingWire”, the United States had 1,452,500 housing completions in 2023, 4.5% higher than 2022. Such all these factors are to meet the demand for Tile Adhesives and Stone Adhesives market.

Tile Adhesives and Stone Adhesives Market Analysis – By End Use Industry

Residential sector held the largest share in stone and tile adhesive & sealants market in 2023, and is growing at a CAGR 9.2% in 2024 - 2030. Globally, increasing demand of stone and tiles for interior decoration and outdoor applications are expected to grow the demand of the market. Thus, increasing construction activities contribute in market growth. For instance, according “India Brand Equity Foundation (IBEF)”, the real state sector in India is expected to reach a market size of US$ 1 trillion by 2030 and will grow to (US$ 9.30 billion) by 2040. Hence, increasing investment and projects to meet the growth for Tile Adhesives and Stone Adhesives market.

Tile Adhesives and Stone Adhesives Market Analysis – By Geography

North America held the largest share in the Tile Adhesives and Stone Adhesives Market in 2023 with 31%. Increasing investment in residential sector with growing demand for single family houses in this region. According to an “American Housing Survey in U.S.”, there are about 95 million single family homes as of 2023. According to the “Commission for Environmental Corporation (CEC)”, in Canada, Mexico, and also the United Sates, industrial and residential building operations account for concerning 20%, 30%, and 40 % of the first energy consumption, severally. They usually additionally account for 20-25% of the landfill waste and 5-12 % of the water consumption. Apart from this, increasing FDI into the construction segment in Canada and Mexico, are further augmenting the demand for Tile Adhesives and Stone Adhesives.

Tile Adhesives and Stone Adhesives Market Drivers

Rapidly Increasing Residential Projects in Developing Region:

In modern construction, ceramic tiles, porcelain decorative tiles and mosaics tiles, are used for decoration and finishing. Tile Adhesives and Stone Adhesives market are expected to expand at a relatively high rate due to the growth in construction of buildings in developing regions such as Asia Pacific. For instance, according to “India Brand Equity Foundation (IBEF)”, Indian central government is aiming to build 20 million affordable houses in urban areas across the country by 2022, under scheme of the “Union Ministry of housing and Urban Affairs” " Pradhan Mantri Awasa Yojana". Under the "Housing for All" scheme by 2022, 40 million houses will be built in rural areas and 20 million houses will be built in urban areas. As of July 19, 2023, 24.1 million of these approved houses have already been finished. Thus, expected to influence market growth. 

Increase in the Usage of Ceramic and Thin Porcelain Decorative Tiles:

Ceramic tiles and thin porcelain decorative tiles are used for interior decoration as well as renovation. Porcelain decorative tiles are used in commercial space either a kitchen, washroom or basement due to their resistance and durability. These tiles are waterproof and it is best to use when installing a wet room due to the levels of moisture. Apart from this, ceramic tiles are rapidly increasing in North America due to growing construction sector in the region is the major factor driving the demand for ceramic tiles. Asia pacific held the largest share of the ceramic tiles market due to booming construction activities. For instance, according “India Brand Equity Foundation (IBEF)”, the real state sector in India is expected to reach a market size of US$ 1 trillion by 2030 and will grow to (US$ 9.30 billion) by 2040. Hence, due to various properties such as high wear resistance with low density, resistance to plastic deformation, ceramic and porcelain tiles used in buildings as well as flooring surface, which will be expecting the demand of stone & tile adhesive and sealants market.

Tile Adhesives and Stone Adhesives Market Challenges

Lack of Awareness Regarding Usage of Ceramic Tiles:

Ceramic is cold when used as a flooring material in the residential & commercial sector and cannot be comfortable during wintertime in colder climates. It has high density of ceramic; it takes long time to heat or cool than other flooring materials. In addition, ceramic requires caulking where the ceramic meets another construction material in wet areas and the caulk will need to be replaced after long time due to cracking. Thus, they are unable to take heavy loads on their surface. Hence, a lack of awareness regarding ceramic tiles may be hamper the market of stone and tile adhesive & sealants market.

Tile Adhesives and Stone Adhesives Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Tile Adhesives and Stone Adhesives market. The key companies in the Tile Adhesives and Stone Adhesives market are:

1. Henkel AG & Co. KGaA
2. H.B. Fuller Company
3. Arkema Group (Bostik SA)
4. BASF SE
5. 3M
6. AKEMI
7. JMH Group (Fosroc, Inc.)
8. Ardex Endura
9. LATICRETE International Inc.
10. DuPont de Nemours, Inc.

Recent Developments

• In March 2022, Berger Fosroc Ltd., a joint venture between Berger Paints Bangladesh and Fosroc Inc., has set up a construction chemicals factory in Bangladesh to meet the growing domestic demand fore construction chemical materials and solutions.

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