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.
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.
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.
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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.
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Complete Report @ https://www.marketresearchfuture.com/reports/india-tile-adhesive-market-4655
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