Market Research Future will be
publishing a Cooked Research Report on “India Tile Adhesive Market” that
contains the information from 2016 to 2023.India Tile Adhesive Market is
expected to grow with the CAGR 9.09% during forecast period of 2017 to 2023.
Market Research Future (MRFR)
recognizes the following companies as the key players in the INDIA Tile
Adhesive Market that includes Pidilite IndIndiatries Ltd., MYK LATICRETE
INDIA PVT LTD., Saint-Gobain Weber, Fosroc India, BASF India Ltd., Huntsman
Corporation, Kajaria Ceramics Limited, Bostik, H.B. Fuller Company, SIKA INDIA,
ADREX Group, and Henkel AG & Co. KGaA, among others.
Get Free Sample@ https://www.marketresearchfuture.com/sample_request/4655
Market Highlights:
Tile Adhesive is a substance that
enable the joining of two substrates using adhesion mechanisms (developed
between the adhesive and substrate) and cohesive mechanism (developed within
the adhesive itself). They have ultimate flexibility, high bond strength, shock
& impact and chemical resistance. Tile Adhesives are used to install tiles
in residential, commercial and institutional buildings on floors or on walls.
The India Tile Adhesive Market is estimated to reach USD 136.76 million by the
end of 2023 by growing at a CAGR of 9.08% during 2017-2023. The cementitious
Tile Adhesive accounts for the largest share, among the three major types of
tile adhesives, owing its comparative low price. Among residential, commercial,
and institutional applications of tile adhesives in the India, residential
segment is the dominating the market.
Segment Analysis:
India
Tile Adhesive Market is segmented on the basis of type, construction
activity, application and region. On the basis of type the market is divided
into cementitious tile adhesive, epoxy tile adhesive, and dispersion Tile
Adhesive. Cementitious tile adhesive is holding the largest share of the
market, in terms of overall demand of tile adhesive in India. The major
applications of cementitious adhesive in India is as a wall Tile Adhesive and
ceramic floor adhesives. Both water resistant cements and polymer modified
cements are suitable for internal and external uses, which is favouring the
demand of cementitious Tile Adhesive in this market. The cementitious tile
adhesive is estimated to grow at highest CAGR of 9.21% to reach throughout the
forecast period. Epoxy Tile Adhesive is another important type of tile adhesive
in this market. Its application can be found in projects where it is specified
in contracts. It exhibit better adhesion of tile with an increased
pigment/binder ratio and to help achieve an increased bonding period.
Dispersion adhesives account for nearly 25% share of the overall demand of Tile
Adhesive in this market. Dispersion tile adhesive holds least share of
demand among the three Tile Adhesive in the India tile adhesive market.
Based on construction activity
India Tile Adhesive Market is categorized into new construction and repair
& renovation. Among them, new construction segment is holding more than 80%
share of the market on account of rising aspirations of large middle income
group, changing demographics in India and Government of India's commitment to
increase expenditure on infrastructural activities to 10% of GDP in the 12th
Five-Year Plan.
Lastly, on the basis of
application, India Tile Adhesive Market is segmented into residential,
commercial, and institutional, wherein the residential segment is projected to
dominate the market over the forecast period. The segment is estimated to reach
USD 101.16 Million by value, due to the rapid urbanization and flourishing
housing construction activities as the number of ambitious programs launched by
the government of India.
Regional Analysis:
The Tile Adhesive Market for
India is expected to reach USD 136.76 Million till, expanding at CAGR of 9.09 %
from 2017-2023. The growth market is attributed to boom in construction
activities, growing consumption of ceramic tiles and increasing commercial as
well as residential construction activities. Moreover, due to rising disposable
income and standards of living of the people in this region there is a growing
demand of decorative and aesthetically pleasing tiles in both residential as
well as commercial buildings, with uses including flooring, wall coverings,
countertops, and among other applications.
In addition to this, the major
player are earmarking significant chunk of their revenue for R&D in tile
adhesives. They are inventing new range of products that provides better
adhesion and prolonged bonding ability and expanding their manufacturing
capacity in order to cater increasing demand of the product. Major players in
this market are, Pidilite Industries Ltd., Henkel, Huntsman, Fosroc, Bostik,
MYK Laticrete India Pvt Ltd., Mapei Construction Products India Pvt Ltd., Ardex
Endura, and Sika India Private Ltd, among others.
Related Report @ https://www.marketresearchfuture.com/reports/textile-fabrics-market-8231
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