The global market for tile and stone adhesives is the focus of study of a recent market research report by Transparency Market Research. The report, titled “Tile & Stone Adhesive Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” presents a 360-degree overview of the market, examining every crucial market element in a ground-up manner.
The market is expected to exhibit a healthy pace of expansion over the report’s forecast period owing to the thriving manufacturing and construction industries in developing economies across regions such as Asia Pacific, Middle East and Africa, and Latin America. The vast rise in infrastructure development activities in these regions will also help the market gain pace. While new construction activities will be the key source of growth opportunities for the market in emerging markets, repairs and maintenance of old construction projects and buildings in developed economies will lead to market growth.
However, the growth prospects of the market will be hampered to a certain extent owing to factors such as low profit margins, easy availability of cheaper alternatives, low awareness regarding the vast benefits of high-quality construction materials, and low entry barriers for new market participants. These factors are also expected to make the market more competitive and less profitable for companies.
The report segments the global tile and stone adhesive market based on criteria such as product type, formulation, and application. Based on product type, the market is segmented into epoxy adhesives, cementitious adhesives, and polymer-based adhesives. Based on the type of formulation, the global market for tile and stone adhesive has been segmented into fast-setting adhesives and normal setting adhesives. Key applications of tile and stone adhesives examined in the report are granite, marble, porcelain, ceramic, and natural and agglomerated stones.
Geographically, the report covers the tile and stone adhesive market for regions such as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Presently, the market in Asia Pacific is the leading contributor of revenue to the global market. The regional market is also poised to witness a promising growth trajectory over the report’s forecast period owing to the vast growth opportunities that the rapidly expanding urban housing sector in the region is offering.
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The report includes a thorough analytical overview of the competitive dynamics of the tile and stone adhesive market. The report does this with the help of detailed business profiles of some of the market’s key contributors, a SWOT analysis of leading vendors elucidating the strengths, weaknesses, opportunities, and threats for these companies in the market, recent developments, and activities such as mergers and acquisitions. Some of the leading companies operating in the global tile and stone adhesive market are B. Fuller Construction Products Inc., Pidilite, BASF, Bostik SA, FOSROC, and SIKA.