The U.S. tile adhesive market has been witnessing considerable growth over the past few years due to the increasing demand from residential and non-residential properties. Tile adhesive is an innovative material which is extensively used in modern home décor and other applications in residential, commercial, and industrial construction as well. Tile adhesive plays a key role in simple jobs of paving the terrace or construction of high profiled building such as airport and swimming pools.
The U.S. Tile Adhesive Market in the U.S. is largely driven by remodeling activities, as most of the demographics seek to replace old and worn floors with modern, aesthetically pleasing tiles. Moreover, the increasing use of decorative tiles in malls, airports, office buildings, retail outlets, and other municipal & commercial buildings fosters the growth of the market. Rapid technological advancements have improved adhesive technologies further.
According to Market Research Future (MRFR), the global tile adhesive market is expected to expand registering a value of approximately USD 590 MN by 2023. In its recently published analysis, MRFR also asserts that the market would post a CAGR over 9% during the forecast period (2018 – 2023). The augmenting demand from residential properties is a key factor fueling the growth of the tile adhesive market across the united states.
Also, there has been a boom in residential construction projects in major continents of the US and other regions of North America, which acts as a key tailwind supporting the tile adhesive market in the united states. Players such as Bostik, Custom Building Products, H.B fuller, and Saint-Gobain Weber constantly bring a new range of products that can provide better adhesion and prolonged bonding ability.
On the other hand, factors that are worrying key manufacturers in the Tile Manufacturers Usa, include volatility in prices and the demand-supply gap in raw materials required for the production of tile adhesives. Nevertheless, increasing investments from key players to drive R&D activities to improve the existing product line, as well as to develop new products, would support the growth of the market over the review period.
U.S. Tile Adhesive Market – Segments
The report is segmented into three market dynamics to widen the scope of understanding,
By Type: Dispersion Adhesive, Cementitious Adhesive, and Reactive Resin Adhesive, among others.
By end-user: Residential and Non-residential.
By Regions: Geographical regions & Continents of the United States of America.
Tile Adhesive Market in the United States – Competitive Analysis
The tile adhesive market in the US appears to be highly competitive, characterized by the presence of many well-established players. These players compete on the basis of cost, component reliability, quality, and market shares. To sustain themselves in this competitive market, the players have to provide cost-competitive and high-quality tile adhesives to the end-users. To gain a substantial share in the market, these players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. For extensions, these players tap the growing markets.
Players heading the global tile adhesive market include Custom Building Products, Bostik, H.B. Fuller, Sika AG, PAREX Group SA, ARDEX Group, Pidilite Industries Ltd, Henkel AG & Co. KGaA, Terraco, Mapei S.p.A, and Saint-Gobain Weber, among others.
Industry/ Innovation/ Related News:
August 13, 2019 —- Pidilite Industries Ltd (India), a leading global adhesive manufacturer announced entering into joint ventures (JV) with Spanish and Italian firms for a range of products and utilities to foray into tile and flooring products. Pidilite’s JV with Corporacion Empresarial Grupo Puma S.L. (Spain), a leading manufacturer of technical mortars would help in establishing a joint venture company (JVC) in India.
Whereas, the deal with Litokol (Italy), a leading ‘Tile Adhesives and epoxy grout’ manufacturer would support the investments in a new manufacturing facility in India and the technology. Pidilite will have exclusive distribution of products manufactured under the joint venture and will provide products ranging from epoxy, urethane grout, and certain epoxy adhesives for tile application.
May 23, 2019 — Sika USA (Sika Corporation/Sika Group), a leading global supplier of specialty chemical products & industrial materials, announced the completion of its acquisition of Parex USA Inc, a leading manufacturer, and supplier of building materials. Sika serves the construction & industrial markets and
the acquisition would expand its product portfolio for the building finishing market and strengthen its position as a world leader in construction chemicals, reaching sales in excess of USD 8..13 BN for 2019.
Parex has an impressive track record of profitable growth with attractive margins, and its product range includes, facade mortars and, tile adhesives, waterproofing, and technical mortars. Sika and Parex are strong companies that are highly complementary in product offering and channel penetration.
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