ID: MRFR/CnM/2922-CR | July 2017 | Region: Global | 57 pages
U.S. Tile Adhesive Market Share, by Type, 2016 (%)
Sources: ASC-Adhesive and Sealant Council, FRED Economic Data, World Bank, Press Releases, Journals, Annual Reports, Whitepapers, Company Websites, Factiva and MRFR Analysis
The U.S. tile adhesive market is growing at significant CAGR. This market growth is attributed to increasing reconstruction activities undertaken by house owners. Home owners in this region are in a bid to give an aesthetic look and attractive interior to their houses, which may fuel the demand of tile adhesive in the U.S. during the forecast period. In addition to this, the major player are inventing new range of products that provide better adhesion and prolonged bonding ability. The major key players in this includes, Bostik, Custom Building Products, H.B fuller, and Saint-Gobain Weber, among others. Arkem has opened its new Bostik production facility in Dallas, Texas, which may add to the production of tile adhesive in this region. Bostik, a part Arkema Group, is leading the regional market in terms of production. In addition to this, Saint-Gobain Weber has launched epoxy adhesive with three components, heavy duty, chemical resistant adhesive for fixing tile & stone. Apart from this, another company named Custom Building Products, has introduced high-performance glass tile premium thin-set mortar, which is a huge innovation step and would propel growth of the market in coming years.
The U.S. tile adhesive market is segmented on the basis of type and end-user. On the basis of type, market is segmented into cementitious adhesive, dispersion adhesive and reactive resin adhesive. By end use, the U.S. tile adhesive market is segmented into residential and non-residential.
The 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.
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and end-user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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|
|Key Market Opportunities||Cementitious adhesive type is expected to dominate the U.S. markets on account of its low price as compared to dispersion adhesive and reactive resin adhesive.|
|Key Market Drivers||Remodeling activities, as homeowners seek to replace old and worn floors with modern, aesthetically pleasing tile styles.|
Frequently Asked Questions (FAQ) :
U.S. Tile Adhesive Market is predicted to grow at 8.69 % through forecast period of 2020-2027.
The forecast period for U.S. Tile Adhesive Market research report is 2020-2027.
The main players in the Market are 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