Ceramic Tile Adhesive Market Bound To Grow At A Significant CAGR For The Assessment Period 2019-2025
The global Ceramic Tile Adhesive market is extensively researched about in the report with major focus on the vendor landscape, changes in competition, future growth opportunities, regional expansion, and other important aspects.
Los Angeles, United States – September 30, 2019 /MarketersMedia/ —
Global Ceramic Tile Adhesive Market Report, History and Forecast 2014-2025,” is the new research report lately published by QYR Consulting for the forecast period of 2019-2025. According to the report, the global Ceramic Tile and Adhesive market is projected to obtain a value of US$ 19.1Bn by the end of 2025, which was around US$ 13 Bn in the year 2018. The market is anticipated to expand with a moderate CAGR of 4.9% during the predicted period. Adhesive is any substance, which is capable of binding materials together in a functional manner by a surface attachment that resists separation. Rising constructional activities and flourishing real estate sector are demanding binding solutions like Ceramic Tile Adhesives. Apart from this, working professionals like architects, interior decorators, and civil engineers are using Ceramic Tile Adhesives in their project on a large scale.
Segmental Analysis
Water-resistant properties of cementitious adhesive make it popular across the construction industry
The global Ceramic Tile Adhesive market is divided into two segments such as by product and by application. By product, the market is segmented into dispersion adhesive, cementitious adhesive, and reaction resin adhesive. Cementitious adhesives are basically used in different construction activities because of their low prices. Its water-resistant properties make it suitable for internal as well as external uses. Cementitious adhesive segment is predicted to acquire significant market share as compared to dispersion and reaction resin adhesive. On the basis of application, the global Ceramic Tile Adhesive market is segmented into tiled floor pasting, wood floor pasting, stone floor pasting, wood floor pasting, and Others.
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Regional Coverage
Asia Pacific is likely to dominate in the global Ceramic Tile Adhesive market
Asia Pacific is likely to hold a large market share in the global Ceramic Tile and Adhesive market. Fast growth in the housing sector, especially in urban areas is the key element behind driving the growth of global Ceramic Tile Adhesive market in Asia Pacific. Nevertheless, major market participants operating in the Ceramic Tile Adhesive market are shifting their plants to developing economies like China and India because of the availability of raw material, investment facilities, and cheap labor.
Apart from this, inexpensive products, growing infrastructural development activities, product innovation, and adoption of modern techniques are expected to generate growth opportunities in Ceramic Tile Adhesive market in Asia Pacific.
Key Players
Mapei, BASF, Laticrete, Yuchuan, ParexDavco, Kaben, Oriental Yuhong, Dunshi, LANGOOD, EasyPlas, Bostik, Ronacrete, Doborn, Henkel, Wasper, Vibon, Weber, TAMMY, Sika, and ABC are some of the key players functioning in the global Ceramic Tile Adhesive market.
Market Dynamic
Multiple usages of Ceramic Tile Adhesive to trigger the global market growth
Durable flooring with stylish designs is highly preferred for home décor, which is likely to surge the demand for Ceramic Tile Adhesive in the upcoming years. These adhesives are very attractive easy to apply as compared to bricks. Ceramic Tile Adhesive is primarily used for different purposes and conditions like shape retention enhancer, cement extender, stabilization and suspension agent, protective colloid, and coating polymer. Growing demand for Ceramic Tile Adhesive has compelled manufacturers to introduce different creations in the worldwide market.
Development of the construction industry with an increase in a number of residential projects across the world is supporting the overall growth of the global Ceramic Tile Adhesive market. However, lack of awareness about the good quality construction material, expensive material costs, and entry barriers for new market participants are some of the restraining factors hindering the Ceramic Tile Adhesive market growth.
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