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Market Overview of Global Ceramic Tile Adhesive market:
According to our latest research, the global Ceramic Tile Adhesive market looks promising in the next 5 years. As of 2022, the global Ceramic Tile Adhesive market was estimated at USD 9292.29 million, and it's anticipated to reach USD 16939.84 million in 2028, with a CAGR of 10.53% during the forecast years.
Ceramic Tile Adhesive is a new modern decoration material used to paste decorative materials such as tiles, face tiles, floor tiles and so on. Its main features are high bonding strength, water resistance, freeze-thaw resistance, good aging resistance and convenient construction.
The outbreak has had a complex impact on the Ceramic Tile Adhesive industry. First of all, for the Ceramic Tile Adhesive industry, the epidemic has had an impact on the production plans of companies in the Ceramic Tile Adhesive industry. Due to the outbreak of the COVID-19 epidemic, the production and operation of cement, cellulose ether, sand, latex powder and other production enterprises have been affected, and the production of raw materials has been restricted. This could lead to disruptions in the supply of raw materials to the Ceramic Tile Adhesive industry, affecting the company's production schedule. On the other hand, affected by the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government issued travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and affected the company's production plan.
The second is the downstream analysis of Ceramic Tile Adhesive industry. At present, unfavorable factors such as the global economic downturn and the outbreak of the global new crown pneumonia epidemic have led to the sluggish development of the building decoration industry. Due to the generally dense population at the building renovation construction site, construction activities were suspended to avoid cross-contamination. At the same time, there is a shortage of construction workers due to labor disruptions caused by the pandemic. As a result, various renovation construction activities have also been postponed, and the market demand for Ceramic Tile Adhesive has decreased. From the perspective of logistics, affected by the epidemic, many countries have imposed controls on domestic transportation and imposed restrictions on imported goods. This has resulted in varying degrees of logistical disruption, stockpiling and shipping delays during Ceramic Tile Adhesive sales.
Economic Factors
Global growth is expected to slow from 5.9% in 2021 to 4.4% in 2022, according to the International Monetary Fund's World Economic Outlook data released from 25 January 2022 to 2022. The Outlook (WEO) was cut by half a percentage point, mainly reflecting expected price cuts in the two largest economies. The revised assumptions remove the "build back better" fiscal policy scenario from the baseline, an early exit from monetary easing, and persistent supply shortages lead to a 1.2 percentage point cut in the U.S. The outbreak led to a downgrade of 0.8 percentage points. Global growth is expected to slow to 3.8% in 2023. The impact of the current new crown pneumonia epidemic has not been completely eliminated. Some countries have rebounded from time to time, and the global epidemic is still spreading. According to Oxford Economics data, the global construction output in 2020 will be worth $10.7 trillion (in 2017 prices and exchange rates), and the agency expects it to grow by 42% or $4.5 trillion between 2020 and 2030, reaching $15.2 trillion. The global construction industry will be the engine of global economic growth and recovery from COVID. With the recovery of the global economy, the increase in residents' income and the continuous development of the construction industry, the market demand for Ceramic Tile Adhesive will continue to increase.
Social Factors
With the continuous development of the economy and the improvement of consumers' living standards, the requirements for environmental protection, energy saving and aesthetics of decoration materials have also increased accordingly. Especially in recent years, with the continuous introduction of ceramic tiles, the characteristics of thin layer and low water absorption make it impossible for traditional cement mortar paving to penetrate into the holes of ceramic tiles, resulting in the occurrence of bricks and other situations. Because Ceramic Tile Adhesive can greatly improve the safety of decorative building materials, and the cost is relatively low. Therefore, Ceramic Tile Adhesive continues to replace traditional cement sand. In general, with the upgrading of concepts, consumers' quality requirements for interior decoration continue to increase, and the demand for Ceramic Tile Adhesive in the field of interior decoration is also increasing. At the same time, with the increasing application of new building materials and the continuous advancement of technology in the decoration and decoration industry, the market demand for high-quality Ceramic Tile Adhesive continues to grow. Leading enterprises have obvious competitive advantages in terms of production technology and product quality, and their market share is gradually expanding, and backward enterprises will be gradually eliminated.
Region Overview:
In global comparison, a significant portion of the revenue was generated in China (48.16% in 2021).
Company Overview:
Sika is one of the major players operating in the Ceramic Tile Adhesive market, holding a share of 4.58% in 2022.
Sika
Sika as a specialty chemicals company. Sika is a leader in the development and production of systems and products for bonding, sealing, damping, reinforcement and protection for the construction and automotive industries. In May 2019, Sika completes the acquisition of Parex, the biggest acquisition of the company's history. With this acquisition, Sika further strengthens its world leader position in construction chemicals.
Weber
Weber is the world's leading brand of tile adhesives, grouts, waterproofing products and silicones, part of the French Saint-Gobain Group. The company's products include tile adhesives, glue scrubs, waterproofing, colloids, porous and quick-acting sealants, waterproofing enhanced tapes, and more.
Segmentation Overview:
The Ceramic Tile Adhesive market based on the product type is segmented into Cementitious Adhesive, Dispersion Adhesive and Reaction Resin Adhesive. The Cementitious Adhesive segment led the overall market in the year 2021, with a market share of 73.68%.
Cementitious Adhesive
Cementitious Adhesive is the most commonly used adhesive for laying tiles today. The product usually consists of cement sand base and various additives.
Dispersion Adhesive
Dispersion Adhesive is a plastic-based water-soluble tile adhesive, usually already available as a ready-to-use mix. The biggest advantage of these adhesives is that they are more flexible after curing.
Reaction Resin Adhesive
Reaction Resin Adhesive can be mainly used in commercial areas with particularly high demands on tile adhesives (eg commercial kitchens, laboratories, industry, etc.). Due to their excellent adhesion properties and high flexibility, they are not only suitable for critical substrates such as plastics, metals or glass, but are also resistant to chemicals.
Application Overview:
By application, the Tiled Floor Pasting segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Ceramic Tile Adhesive market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Ceramic Tile Adhesive Market Report:
Market Size Estimates: Ceramic Tile Adhesive market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Ceramic Tile Adhesive market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Ceramic Tile Adhesive market
Segment Market Analysis: Ceramic Tile Adhesive market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Ceramic Tile Adhesive market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Ceramic Tile Adhesive Market: Revenue and sales volume of major countries in each region
Ceramic Tile Adhesive Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Ceramic Tile Adhesive market in major regions.
Ceramic Tile Adhesive Industry Value Chain: Ceramic Tile Adhesive market raw materials & suppliers, manufacturing process, distributors, downstream customers
Ceramic Tile Adhesive Industry News, Policies & Regulations
Key players in the global Ceramic Tile Adhesive market are covered in Chapter 12:
Laticrete
Oriental Yuhong
BASF
Bostik
TAMMY
ABC
Henkel
Mapei
LANGOOD
Weber
Sika
In Chapter 2 and Chapter 15.1, based on types, the Ceramic Tile Adhesive market from 2018 to 2028 is primarily split into:
Cementitious Adhesive
Dispersion Adhesive
Reaction Resin Adhesive
In Chapter 3 and Chapter 15.2, based on applications, the Ceramic Tile Adhesive market from 2018 to 2028 covers:
Stone Floor Pasting
Tiled Floor Pasting
Polyethylene Floor Pasting
Wood Floor Pasting
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Ceramic Tile Adhesive market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028