U.S. tile Adhesive Market is projected to reach USD 590.02 million by 2023 with 9.08% CAGR growth rate during review period of 2017-2023. Among the three major types of tile adhesives, Cementitious adhesive accounts for the largest share due to its low price as compared to dispersion adhesive and reaction resin adhesive. Among residential and non-residential end users of tile adhesives in the U.S., residential segment is estimated to be a dominant end user during the forecast period.
Bostik, Custom Building Products, H.B. Fuller, PAREX Group SA, Sika AG, ARDEX Group, Terraco, Pidilite Industries Ltd, Mapei S.p.A, Henkel AG & Co. KGaA, and Saint-Gobain Weber among others are some of the prominent players at the forefront of competition in the U.S. Tile Adhesive Market and are profiled in MRFR Analysis.
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Tile Adhesive Market – Overview:
Tile adhesive is a non-metallic substance which is able to join two substrates using adhesion mechanisms (developed between the adhesive and substrate) and cohesive mechanism (developed within the adhesive itself). They have ultimate flexibility, high bond strength, shock & impact and chemical resistance. Tile adhesives are used to install tiles in residential and commercial buildings on floors or on walls. The U.S. tile adhesive market is expected grow substantially and register a healthy CAGR during the anticipated period (2017 – 2023).
The need for tile adhesive in US is gradually rising owing to factors such as, growing demand of ceramic and thin porcelain decorative tiles, increase in residential housing projects and boom in non-residential projects. US tile adhesive market is estimated to witness high demand in near future. On the basis of type, cementicious tile adhesive accounted the largest market value share in 2016, the segment is anticipated to grow at highest CAGR due to its modified properties and low price in comparison to other adhesives. Cementicious adhesive segment is followed by dispersion adhesive and reaction resin adhesive. On basis of end user, residential segment accounted for largest market share of 54.9%, the segment is anticipated to grow at healthy CAGR during the forecast period due to increase in residential construction activities.
However, lower profit margins due to the usage of low-cost chemicals may restrain the market in future.
Industry/ Innovation/ Related News:
February 2017 – BASF launched MasterTile® tile adhesives production in Russia. The range of MasterTile® products includes five adhesives: MasterTile 404, MasterTile 414, MasterTile 415, MasterTile FLX 23, MasterTile FLX 24. The adhesives’ formulations have been developed in line with GOST R 56387-2015 Russian national standard, and EN 12004 European regulations, which regulate the adhesion strength. The new product launch strategy would help BASF to dominate in Europe tile adhesive market.
March 2017 – Saint-Gobain, through the mortars activity (Saint-Gobain Weber), acquired 100% of Buildezee Adhesives Botswana (PTY) Ltd, a leading manufacturer of tile adhesives and grouts in Botswana. The acquisition has been done in order to expand the tile adhesive operation in the region in order to address the forthcoming demand.
April-2016 – EVO-STIK has launched a new, white floor and wall tile adhesive, ideal for use with ceramic, stone and porcelain tiles with no risk of show through. Setting in as little as two hours, the cement-based adhesive can be used to fix tiles to a range of materials including wood, concrete and plaster. The innovative solution in tile adhesive market by EVO-STIK would help it to attract the consumers in the market.
April-2016 – Consumer products giant Henkel has acquired tile adhesives business and associated brands of Columbian wall and floor coverings manufacturer Alfagres for $19 million. The acquisition includes Alfagres’s key brands Alfalisto and Pegalisto. With this acquisition, Henkel expects to expand its portfolio in emerging markets and strengthen its adhesive technologies business in Colombia.
Competitive Landscape:
In competitive landscape, the MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the U.S. tile adhesive market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to growing demand of tile adhesive in Asia Pacific region, the manufacturers in European region are using acquisition strategy in the Asia Pacific and U.S. market.
Company Profile:
10.1 Bostik 37
10.1.1 Company Overview 37
10.1.2 Product/Business Segment Overview 37
10.1.3 Financials 38
10.1.4 Key Developments 38
10.2 Custom Building Products 39
10.2.1 Company Overview 39
10.2.2 Product/Business Segment Overview 39
10.2.3 Financials 39
10.2.4 Key Developments 40
10.3 H.B. Fuller 40
10.3.1 Company Overview 40
10.3.2 Product/Business Segment Overview 40
10.3.3 Financials 41
10.3.4 Key Developments 41
10.4 PAREX Group SA 42
10.4.1 Company Overview 42
10.4.2 Business/Product Segment 42
10.4.3 Financials 43
10.4.4 Key Developments. 43
10.5 Sika AG 44
10.5.1 Company Profile 44
10.5.2 Product/Business Segment Overview 44
10.5.3 Financials 45
10.5.4 Key Developments 46
10.6 ARDEX Group 47
10.6.1 Company Overview 47
10.6.2 Product/Business Segment Overview 47
10.6.3 Financials 47
10.6.4 Key Developments 47
10.7 Terraco 48
10.7.1 Company Overview 48
10.7.2 Product/Business Segment Overview 48
10.7.3 Financials 48
10.7.4 Key Developments 48
10.8 Pidilite Industries Ltd. 49
10.8.1 Company Profile 49
10.8.2 Product/Business Segment Overview 49
10.8.3 Financials 50
10.8.4 Key Developments 50
10.9 Mapei S.P.A 51
10.9.1 Company Overview 51
10.9.2 Product/Business Segment Overview 51
10.9.3 Financials 52
10.9.4 Key Developments 52
10.10 Henkel AG & Co. KGaA 53
10.10.1 Company Overview 53
10.10.2 Product/Business Overview 53
10.10.3 Financials 54
10.10.4 Key Developments 54
10.11 Saint-Gobain Weber 55
10.11.1 Company Overview 55
10.11.2 Product/Business Segment Overview 55
10.11.3 Financials 56
10.11.4 Key Developments 56
List of Table:
TABLE 1 US TILE ADHESIVE MARKET, 2015-2023 (USD MILLION) 25
TABLE 2 US TILE ADHESIVE MARKET, 2015-2023 (THOUSAND TONS) 26
TABLE 3 US TILE ADHESIVE MARKET, BY TYPE, 2015-2023 (USD MILLION) 28
TABLE 4 US TILE ADHESIVE MARKET, BY TYPE, 2015-2023 (THOUSAND TONS) 29
TABLE 5 US TILE ADHESIVE MARKET, BY END USER, 2015-2023 (USD MILLION) 31
TABLE 6 US TILE ADHESIVE MARKET, BY END USER, 2015-2023 (THOUSAND TONS) 32
List of Figure:
FIGURE 1 TOP DOWN & BOTTOMUP APPROACH 13
FIGURE 2 FORECAST MODEL 14
FIGURE 3 DRIVERS, RESTRAINTS AND OPPORTUNITIES OF US TILE ADHESIVE MARKET 15
FIGURE 4 IMPACT ANALYSIS: DRIVERS 16
FIGURE 5 US NEW RESIDENTIAL CONSTRUCTION MARKET (USD BILLION) 17
FIGURE 6 US COMMERCIAL BUILDING CONSTRUCTION INDUSTRY MARKET (USD BILLION) 18
FIGURE 7 US CERAMIC TILE MARKET (USD BILLION) 19
FIGURE 8 IMPACT ANALYSIS: RESTRAINS 20
FIGURE 9 SUPPLY CHAIN ANALYSIS 21
FIGURE 10 PORTER’S FIVE FORCES ANALYSIS OF US TILE ADHESIVE MARKET 23
FIGURE 11 US TILE ADHESIVE MARKET, 2015-2023 (USD MILLION) 25
FIGURE 12 US TILE ADHESIVE MARKET, 2015-2023 (THOUSAND TONS) 26
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