The Latest Tile Adhesive Industry Statistics Explained
The global tile adhesive market size was valued at $2.62 billion in 2017.
The statistic indicates that the total market value of tile adhesive worldwide reached $2.62 billion in the year 2017. This figure represents the total revenue generated by the sale of tile adhesive products across various regions and markets globally during that year. The market size serves as a key indicator of the level of demand and growth in the tile adhesive industry, reflecting the importance of this product in the construction and renovation sectors. Analyzing trends in the global tile adhesive market size can provide insights into market dynamics, competitive landscape, and opportunities for industry players to expand their market share and profitability.
Europe held the highest share in the global tile adhesive market in 2018, accounting for about 39.6% of the total share.
In 2018, Europe dominated the global tile adhesive market with a market share of 39.6%, making it the top region in terms of market presence. This statistic indicates that Europe had the largest portion of the total sales of tile adhesives worldwide during that year. The high market share suggests that Europe is a significant player in the tile adhesive industry, likely due to factors such as a strong construction sector, high demand for renovation and remodeling projects, and the presence of major manufacturers and suppliers in the region. This data underscores Europe’s importance in the global tile adhesive market and highlights the region’s influence and impact on industry trends and developments.
The global tile adhesive market is projected to reach $4.10 billion by 2026.
The statistic indicates a projection for the global tile adhesive market to grow and reach a value of $4.10 billion by the year 2026. This suggests a significant increase in market size compared to the current value. The growth is likely driven by factors such as increasing construction activities, urbanization trends, and the adoption of modern tiling solutions across residential, commercial, and industrial sectors globally. The projection provides valuable insights for stakeholders in the construction industry, manufacturers, investors, and policymakers to strategize and capitalize on the anticipated market expansion in the coming years.
The CAGR of the tile adhesive market from 2019 to 2026 is forecasted to be 7.09%.
The Compound Annual Growth Rate (CAGR) of the tile adhesive market from 2019 to 2026 forecasted to be 7.09% indicates the average annual growth rate of the market over this specific period. This statistic suggests that, on average, the market is expected to grow by 7.09% each year during the years 2019 through 2026. CAGR takes into account the compounding effect of growth over multiple years, providing a more accurate representation of the market’s overall growth trend compared to a simple average. This forecasted rate can be used by investors, businesses, and analysts to understand the potential trajectory of the tile adhesive market and make informed decisions based on the expected growth rate.
Asia-Pacific dominated the tile adhesive industry in 2018, with China leading the application segment.
The statistic indicates that the Asia-Pacific region held a significant market share in the tile adhesive industry in 2018, with China being the leading country in terms of application of tile adhesives. This suggests that a large portion of the global market for tile adhesives was concentrated in the Asia-Pacific region, driven primarily by the demand and consumption in China. The dominance of this region and country in the industry implies that they likely have a strong manufacturing and distribution network, as well as potentially high levels of construction or renovation activities that require the use of tile adhesives.
In 2017, China had around one-third of the global market share in the tile adhesive production.
The statistic “In 2017, China had around one-third of the global market share in the tile adhesive production” indicates that China was a significant player in the tile adhesive industry that year, contributing approximately 33.3% of the total market share worldwide. This data suggests that China’s manufacturing capabilities and output in the tile adhesive sector were substantial, possibly due to factors such as cost-effective production processes, favorable market conditions, or technological advancements within the country’s industry. The statistic highlights China’s dominance in this specific segment of the construction materials market and underscores its influence on a global scale in 2017.
Both the residential and commercial sectors extensively and equally use tile adhesives.
This statistic indicates that both the residential and commercial sectors utilize tile adhesives to a significant extent, with a roughly equal level of usage. Tile adhesives are essential in fixing tiles onto various surfaces, ensuring their firm and long-lasting attachment. The fact that both residential and commercial sectors extensively utilize these adhesives suggests a universal reliance on this material for tiling purposes across different settings. The equal usage highlights that the demand for tile adhesives is consistent across these sectors, reflecting their similar importance in construction and renovation projects for both residential homes and commercial establishments.
The construction sector accounts for over 90% of the tile adhesive market demand.
This statistic indicates that the construction sector is the predominant consumer of tile adhesive, with more than 90% of the market demand originating from this industry. Tile adhesive is a critical material used in construction projects to adhere tiles to surfaces such as walls and floors. The high proportion of market demand coming from the construction sector underscores the importance of this industry as a primary driver of the tile adhesive market. This statistic suggests a strong reliance on the construction sector for the consumption of tile adhesive products, highlighting the sector’s significant role in supporting the market for these materials.
The Middle East & Africa region is projected to witness significant growth in the tile adhesive market owing to rising construction activities.
The statistic indicates that the Middle East & Africa region is expected to experience substantial growth in the tile adhesive market due to an increase in construction activities in the area. This growth can be attributed to factors such as rapid urbanization, population growth, and infrastructure development projects that are driving demand for tile adhesives in the region. The expanding construction sector in the Middle East & Africa is creating opportunities for market players to cater to the mounting needs for quality adhesive products to support tiling applications in various construction projects. Overall, the projected growth in the tile adhesive market underscores the region’s potential for development and investment in the construction industry.
Epoxy-based tile adhesives are projected to experience fastest growth during the forecast period, due to their excellent bond strength.
The statistic indicates that epoxy-based tile adhesives are expected to show the most rapid increase in demand over the specified forecast period. This growth is attributed to the outstanding bond strength that epoxy-based adhesives offer compared to other types of tile adhesives. Epoxy adhesives are known for their superior adhesion properties, ensuring that tiles remain securely in place over time. This forecast suggests that professionals and consumers are increasingly valuing the durability and reliability of epoxy-based tile adhesives, leading to an uptick in their usage in the market.
The water-based tile adhesive segment had more than 70% of the market share by revenue in 2019.
This statistic indicates that in 2019, the water-based tile adhesive segment accounted for more than 70% of the total market revenue within the overall tile adhesive industry. This suggests that water-based tile adhesives were the dominant product within the market during that period, showcasing strong consumer preference and widespread usage compared to other types of tile adhesives such as solvent-based or epoxy-based adhesives. The high market share reflects the popularity and effectiveness of water-based tile adhesives among consumers, likely due to factors such as ease of use, environmental friendliness, and cost-effectiveness.
The floor tile adhesive sub-segment accounted for over 75% of demand in 2018.
The statistic indicates that in 2018, the floor tile adhesive sub-segment dominated the market by constituting over 75% of the total demand within the industry. This suggests that the floor tile adhesive sub-segment was the most sought-after product or service within the industry during that year. The high demand for floor tile adhesive could be attributed to various factors such as the popularity of floor tiling projects, advancements in adhesive technology, or the overall growth of the construction and renovation sectors. This statistic underscores the significant market share and importance of the floor tile adhesive sub-segment within the industry landscape in 2018.
Reactively curing tile adhesives are predicted to have a CAGR of 5.8% between 2020 and 2026.
This statistic indicates that the market for reactively curing tile adhesives is expected to experience a Compound Annual Growth Rate (CAGR) of 5.8% between the years 2020 and 2026. A CAGR represents the average annual growth rate of the market over a specified period. In the case of reactively curing tile adhesives, this growth rate suggests a positive outlook for the industry, with an expected increase in demand for these specific types of adhesives used in tiling applications. This prediction could be based on factors such as advancements in technology, increasing construction activities, or evolving consumer preferences that drive the demand for these specialized adhesives.
The market share of tile adhesives in Latin America is expected to exceed $490 million by 2026.
This statistic indicates the projected growth of the market share for tile adhesives in Latin America, with an expected value surpassing $490 million by the year 2026. This suggests an increasing demand for tile adhesives within the region, likely driven by factors such as urbanization, infrastructure development, and a growing construction industry. The substantial market share forecasted for tile adhesives highlights the importance of this product in the construction sector in Latin America and implies potential opportunities for businesses operating in this market to capitalize on the anticipated growth and meet the evolving needs of customers in the region.
By Consumer, the market is broken down between residential (52%) and commercial (48%) use.
The statistic indicates that when considering allocation by consumer type, the market is segmented with 52% classified under residential use and the remaining 48% under commercial use. This breakdown highlights the distribution of market demand or consumption between these two consumer categories, with residential users accounting for a slightly larger share compared to commercial users. Such segmentation can assist in understanding the varying needs, preferences, and trends within each consumer group, enabling businesses to tailor their products or services accordingly to effectively target and serve these distinct market segments.
The tile adhesive market is expected to experience a decline in 2020 due to the COVID-19 pandemic.
The statistic indicates that the tile adhesive market is predicted to experience a downturn in the year 2020 as a result of the COVID-19 pandemic. The pandemic has had widespread effects on economies worldwide, leading to disruptions in supply chains, construction projects, and consumer demand. As many construction activities were halted or delayed, the demand for tile adhesive products is expected to decrease. This decline in market performance reflects the broader economic impact of the pandemic on the construction industry and underscores the challenges faced by companies operating in this sector during these uncertain times.
The growth rate for tile adhesive in the Asia-Pacific region is expected to be 7.8% from 2020 to 2027.
The growth rate statistic of 7.8% for tile adhesive in the Asia-Pacific region from 2020 to 2027 suggests a positive trend in the demand and consumption of tile adhesive products in that market. This rate indicates the percentage change in the market size or sales volume of tile adhesive over the specified time period, reflecting potential opportunities for the industry to expand and thrive in the region. A growth rate of 7.8% signifies a healthy and steady increase, which could be driven by factors such as infrastructure development, construction projects, and increasing urbanization leading to higher demand for such products. This statistic is valuable for industry stakeholders, investors, and policymakers to understand the market dynamics and make informed decisions regarding investments, production capacities, and marketing strategies in the tile adhesive sector in the Asia-Pacific region.
Polymer or latex modified cementitious adhesive is the leading product type segment in the tile adhesive market.
The statistic indicates that polymer or latex modified cementitious adhesive holds the largest market share in the tile adhesive industry. This type of tile adhesive is favored for its superior bonding strength, flexibility, and resistance to moisture, making it a popular choice for various tiling applications. Its dominance in the market suggests that customers value the performance and durability of this particular product type over others. This statistic also highlights the importance of innovation and product development in the tile adhesive industry, as companies strive to meet the demand for high-quality and efficient adhesive solutions for construction and renovation projects.
The overall global tile market, which strongly fuels the tile adhesive demand, is projected to reach $178.16 Billion by 2024.
The statistic indicating that the overall global tile market is projected to reach $178.16 Billion by 2024 highlights the significant impact this market has on the demand for tile adhesive products. As the tile market grows, fueled by factors such as urbanization, construction activities, and increasing disposable income, the demand for tile adhesives is expected to rise as well. This projection suggests a promising future for the tile adhesive industry, indicating potential opportunities for growth and expansion in response to the increasing market demand for tiling materials and solutions globally.
Conclusion
The tile adhesive industry statistics provide valuable insights into the trends and growth opportunities within this sector. By analyzing the data and understanding the market dynamics, businesses can make informed decisions to drive innovation, stay competitive, and achieve success in the tile adhesive market.
References
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