U.S. Tile Adhesive Market Analysis by Type (Cementitious Adhesive, Dispersion Adhesive, and Reactive Resin Adhesive); and by Application (Residential, Non-Residential)-Supply & Demand Analysis & Opportunity Outlook 2023-2033

  • Product Code:
    RP-ID-10042929
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Category:
    Chemicals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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U.S. Tile Adhesive Market Report

Base Year

2022

Forecast Year

2023-2033

CAGR

~9%

Forecast Year Market Size (2033)

~ USD 590 Million

 

U.S. Tile Adhesive Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The U.S. tile adhesive market is estimated to garner a revenue of ~ USD  590 million by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a sufficient revenue in the year 2022. Tile adhesive is a special glue made of a ready-made mixture of Portland cement, and polymers, including epoxy and some selected aggregate particles. Additives are added to this mixture to make it more effective for laying tiles. The growing housing units in the U.S.  is the chief factor affecting the U.S. tile adhesive market. For instance, the number of housing units in the United States (U.S.) in 2020 was estimated to be just over 140 million. However, from 2020 to 2021, there was an increase of about two million housing units to this count.

 

U.S. Title-Adhesive-Market

 

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Over the years, there has been a change in the kind of home ownership of houses in the U.S. There has been an increasing trend in the houses being bought by renders more than owners. But recently, there has been an increase in people buying houses for themselves despite the economic instability caused by COVID-19. This is thought to boost the U.S. tile adhesive market.

U.S. Tile Adhesive Market: Growth Drivers and Challenges

Growth Drivers

  • Rapid Growth of Urbanization in the U.S. – As per the 2010 census, the number of urban areas in the U. S. is more than 3570. It was estimated that ~81% of the U.S. population lives in urban areas. The growth in the urban population between 2000 and 2010 was about 12%. The urban population followed a growing trend from 2011-2021. According to the World Bank, 83% of the total population in the U.S. were considered an urban population in 2021. Urbanization particularly increases the number of skyscrapers, high-rise buildings, and other constructions to accommodate the increasing population and thus a growth in the U.S. tile adhesive market.

  • Rapid Increase in the Number of Houses Bought in the U.S. – The number of houses bought in the U.S. in 2019 was estimated to be more than 5 million.

  • Remarkable Growth of the Tourism Industry in the U.S.- As of 2021, Americans take more than 2 billion domestic trips in the U.S. in a year. At the same time, the annual count of international visitors to the U.S. is ~80 million.

  • Remarkable Growth in Disposable Income - The disposable personal income in the U.S. as of July 2022 is more than USD 18644 billion.

Challenges

  • Availability of Alternatives for Tiles in the Market

  • Hard Times Faced by the Real Estate Industry during COVID-19

  • Decline in Tourism during COVID-19

The U.S. tile adhesive market is segmented and analyzed for demand and supply by type into cementitious adhesive, dispersion adhesive, and reactive resin adhesive. Of these, the cementitious adhesive segment is anticipated to hold the largest market size by the end of 2031. Cementitious tile adhesives can be used to fix natural stones and porcelain and ceramic tiles to floors and walls of commercial and residential buildings. They are particularly useful for their durability to harsh chemical, silicon, mechanical and thermal surface stress. The rise in the number of housing units in the U.S. and the considerable tile consumption rate there are the factors resulting in a high market share for cementitious adhesives in the U.S. tile adhesive market. For instance, in 2021, there were more than 141 housing units in the U.S. Additionally, more than 3 billion square feet of ceramic tiles were consumed in the U.S. in the same year.

 Market Segmentation

Our in-depth analysis of the U.S. tile adhesive market includes the following segments:

By Type

  • Cementitious Adhesive

  • Dispersion Adhesive

  • Reactive Resin Adhesive

By Application

  • Residential

  • Non-Residential

 

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Key Companies Dominating the U.S. Tile Adhesive Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the U.S. tile adhesive market that are included in our report are BOSTIK, INC., Custom Building Products, H.B. Fuller Company., ParexGroup Pte Ltd {Sika (Singapore) Pte Ltd}, ARDEX Group, Terraco Holdings Ltd., Pidilite Industries Ltd., MAPEI S.p.A, Henkel Corporation, SAINT-GOBAIN, and others.

U.S. Tile Adhesive Market: Latest Developments

  • March, 2022: ARDEX Group – launched new Exterior Tile and Stone Systems with four unique and highly durable passive capillary drainage solutions.

  • July, 2018: Henkel Corporation – signed an acquisition agreement with Aislantes Nacionales S.A., a chief player in the Chilean building materials and tile adhesive market.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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  1. BOSTIK INC.
  2. Custom Building Products 
  3. H.B. Fuller Company. 
  4. ParexGroup Pte Ltd {Sika (Singapore) Pte Ltd} 
  5. ARDEX Group 
  6. Terraco Holdings Ltd. 
  7. Pidilite Industries Ltd.
  8. MAPEI S.p.A 
  9. Henkel Corporation 
  10. SAINT-GOBAIN, 
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