The Global Tile Adhesives Market is expected to rise at a compound annual growth rate (CAGR) of 10% from 2016-2022, according to a recent report by Market Research Future. Over the past few years, the global market has seen a significant growth due to increasing tile adhesive demand. This results in a higher growth rate at the end of forecasted period.
Geographically, Asia-Pacific is expected to be the largest market for tile adhesives. China is one of the largest manufacturer of tile adhesives which has also created a platform for other Asia-Pacific countries. The rising construction and residential properties in China, India, Indonesia, and Singapore have also been a major growing factor that has fueled the demand for tile adhesives in the regional as well as in the global market. North America is expected to be the second ruling region and Europe third.
Factors that have created boom in the global tile adhesive market include a rising application segment, increasing construction projects, and a rising trend in ceramic as well as decorative tiles. Key players in the tile adhesive market include Ardex Group, Bostik, Terraco, Sika AG, H.B. Fuller, Pidilite Industries, Mapei S.P.A, Laticrete International, Saint-Gobain Weber, and Fosroc.
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