Global Ceramic Tile Adhesive Market: Market Research by Knowledge Sourcing Intelligence
Global ceramic tile adhesive market is projected to witness CAGR of 15.03% during the forecast period to reach a total market size of US$25.060 billion by 2022, increasing from 10.891 billion in 2016. Growing construction industry is the major driver of global ceramic tile adhesive market, as it has led to the growing demand for home renovation, further augmenting the requirement for ceramic tile adhesives globally. In developing countries, raising awareness about the advantages of ceramic tile flooring over marble flooring coupled with adoption of western-style decor patterns in both residential and commercial sector is propelling the growth of ceramic tile adhesives over the forecast period. However, stringent environmental regulations regarding the production of ceramic tiles and ceramic tile adhesive will hinder the market growth during the forecast period.
Rising construction activities worldwide is the major driver of global ceramic tile adhesive market. Growing global population coupled with rapid urbanization is driving the demand for urban houses across the globe. Per the World Bank data, 54% of the global population lives in urban areas today, while the number of people living in cities will increase by 1.5 times to 6 billion by 2045. With growing income levels, due to robust economic growth, people are spending more on the aesthetics of their homes resulting in higher demand for ceramic tiles. Applications of ceramic tiles for residential buildings include flooring, kitchen counters, walkways, and walls owing to their low cost, ease of application, and superior properties such as water and stain resistance. Because of the high demand for ceramic tiles by the residential sector, particularly in urban areas of fast-growing economies, the demand for ceramic tile adhesives is witnessing exponential growth across the globe.
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| Sample View of Ceramic Tile Adhesive Market Forecast, US$ Billion, 2016 To 2022 |
Global Ceramic Tile Adhesive Market by Geography:
Geographically, global ceramic tile adhesive market is segmented as Americas, Europe Middle East and Africa, and the Asia Pacific. These regions are further segmented into countries which are important markets for ceramic tile adhesives. Americas held the largest market size in 2016 of worth US$XX.XXX billion. However, APAC region is projected to witness the growth at the highest CAGR of X.XX% between 2017 and 2022 owing to increasing construction activities along with the favorable government initiatives regarding infrastructural development in countries like India and South Korea. Moreover, there is a high demand for home decor and renovation, leading to shifting towards ceramic tiles for flooring purposes which will further bolster the growth of APAC ceramic tile adhesive market during the forecast period.
The Americas ceramic tile adhesive Market will reach a total market size of US$XX.XXX billion by 2022 from US$XX.XXX billion in 2016. The market is further segmented as North America and South America. The North American ceramic tile adhesive market will dominate the Americas region until the end of 2022. This dominance is attributed to the growing trend of home remodeling in countries such as Canada and the U.S. People are choosing a uniquely-designed ceramic wall and floor tiles as traditional stone and wood looks are being traded out for decorative and modern-rustic looks. In Canada, flooring is one of the most popular projects under home remodelling due to its affordability and product diversity. Moreover, homeowners find ceramic flooring products and installation services at a very reasonable price as against the expensive hardwood and concrete products and installation services in the country. The market research provides a detailed analysis of global ceramic tile adhesive market on the basis of the various segment like- by geography, by application, etc.
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| Sample View of Ceramic Tile Adhesive Market Share By Geography |
Global Ceramic Tile Adhesive Market by Application:
The global market for ceramic tile adhesive by application is segmented as wood floor pasting, polyethylene floor pasting, tiled floor pasting, and stone floor pasting. Tiled floor pasting is projected to witness significant growth at a CAGR of X.XX% during the forecast period due to its advantages over wood floor pasting and stone floor pasting.
The market for ceramic tile adhesive for wood floor pasting application is accounted to grow at a CAGR of X.XX% during the forecast period to reach a total market size of US$XX.XXX billion in 2022 from US$XX.XXX billion in 2016. Owing to the presence of people having high disposable incomes in different countries of Europe and America, hardwood floors became a commonly used surface in many homes owing to its durability while instantly changing the style and ambience of the interior. However, the maintenance of wooden floors is expensive in terms of maintaining its beautiful shiny finish. The emerging trend of tile flooring, especially ceramic tiles, is outweighing the demand for hardwood floors as the former is less expensive, easy to maintain, and lasts longer than wooden floors.
global ceramic tile adhesive market size
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global ceramic tile adhesive industry trends
Stricter environmental regulations regarding the emission of greenhouse gases will hinder the growth of the ceramic tiles market.
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