India Tile Adhesive Market Research Report - Forecast to 2025
Published | June 2019
According to BlueWeave Consulting, the India tile adhesive market was valued around USD XX.XX Billion in 2018 and is expected to expand at over a CAGR of XX% from 2019 to 2025, by value, reaching around USD XX.XX Billion by the end of the forecast period. The increasing demand for tile adhesive in India is due to the construction activities especially residential application, increasing consumer spending power and to give the aesthetic look to the old building or new ones, which is anticipated to drive the tile adhesive market over the forecast period.
Tile Adhesive have supreme elasticity, great bond power, shock and chemical resistance. Tile adhesives are utilized to fit tiles in residential, commercial and institutional buildings on floors or on walls. Tile adhesives are utilized for fitting tiles on the walls, floors, swimming pools, etc., which may have any type of substrate like cement, wood, glass, etc.
Cementitious adhesives type is projected to lead the overall tile adhesive market accounting for over XX% share of the total market revenue in 2018. Owing to the lower price, usage of polymer modified and water-resistant cements for both external and internal tile applications, and have great bonding properties. These type are used on wall and ceramic floor tiles. These adhesives are used for many intentions likes wall coatings, textured building finishes, pavements, and flooring in different places including warehouses, factories, stairways, hospitals, garages, airport runways, and railway platforms. However, Epoxy Tile adhesive is the second fastest growing segment with an annual growth rate of XX% and projected to touch XX.XX billion by 2025.
On the basis of construction activity, the market is categorized into new construction and old construction activity. In 2018, new construction activity holds the largest market share with an annual growth rate of X.XX% due to the aesthetic appearance of new building.
Among application, the India tile adhesive market is bifurcated as residential, commercial, and institutional, wherein the residential segment holds dominates the market in 2018 with a market share of XX.XX%. By the end of forecast period the segment is likely to touch USD XX.XX billion. Owing to the growing population, rapid urbanization and increasing per capita income
Based on the end use industry, Packaging industry is projected to be the leading end use vertical in 2018, owing to the multipurpose properties accessible by the product for developed packaging films. The consumer industry is the second major consumer of the Tile Adhesive followed by packaging industry due to growing consumption of plastic in construction activities.
Geographically, the Tile Adhesive market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North India is the leading region with a market share of XX.XX% in 2018 and expected to touch XX.XX billion by 2025. The demand for tile adhesive is increasing owing to the growing construction activities, amassed automobile and textile industry across the region. Furthermore, rising disposable income, large population, and technological advancement boosting the demand for tile adhesive in numerous industries.
The prominent players in the India Tile Adhesive market are BASF SE (Germany), Songwon Industrial Co., Ltd (South Korea), Clariant AG (Switzerland), Akzo Nobel N.V (the Netherlands), Evonik Industries AG (Germany), ADEKA CORPORATION (Japan), Solvay SA (Belgium), Indofil Industries Limited (India), Bruggemann Group (Germany), and Baerlocher GmbH (Germany), among others.
Objective of the Study:
· To analyze and forecast market size of the India Tile Adhesive market, in terms of value.
· To outline, categorized and forecast the India Tile Adhesive market on the basis of type, material and end use industry.
· To examine competitive developments like expansions, technological advancement, services, and regulative framework within the India Tile Adhesive market.
· To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
· To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
• Market research and consulting firms
• Industry associations
• India Tile Adhesive manufacturers
• Research organizations and consulting companies
• Organizations, associations and alliances related to Tile Adhesive market