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 dri...