India Tile Adhesives Market Leading Growth Drivers, Emerging Audience, Global Segments, Sales, Profits & Regional Study 2023

26/nov/2019 11:59:52 Market Research Future Contatta l'autore

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Market Research Future Published a Cooked Research “Global India Tile Adhesives Market Research Report” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023

India is a major market for Tile Adhesives in the APAC region, which is growing considerably at present. The booming construction industry in the country is a major driving force behind the growth of the market. The increasing use of aesthetically pleasing tiles for flooring, decorating walls, countertops, and other applications in numerous residential and commercial construction activities fosters the market demand.

Moreover, rapid advancements in tile adhesion technologies in the country accelerate the growth of the market, increasing sales of advanced tile glue. According to a leading research firm, Market Research Future (MRFR), the India Tile Adhesive Market is expected to garner the valuation of USD 136.76 MN by the end of 2023. In its recently published analysis, MRFR also asserts that the market would register a considerable CAGR of 9.09% throughout the assessment period (2017 to 2023).

Another major factor favoring market growth is the boom in residential construction activity that is creating a massive demand for ceramic tiling. Also, Tile Adhesives are increasingly used in modern decoration and embellishments. These adhesives also find extensive applications in terrace paving, waterproofing of a wall, roof, wall skirting, and high-profiled construction activities such as airports or air force buildings.

As a result, the Tile Adhesive Market is witnessing massive demand across the construction and interior designing industry. Advanced technologies & techniques used in the production of adhesives are bringing about innovative outcomes, giving the surfaces a high architectural value. Developments in distribution channels are fostering the market growth, making the product easily accessible. Moreover, the demand for increased soundproofing and thermal insulation that has been increased dramatically is fueling the overall market demand.

India Tile Adhesive Market – Competitive Analysis

Highly competitive, the Indian Tile Adhesive Market appears fragmented due to the presence of numerous players. Players adopt strategies such as mergers & acquisitions, expansion, collaboration, and product launch. Various market participants, their production chain, capacity, and the revenue generated by each manufacturer determines the competitive landscape of the market. The latest trend of developing tailor-made adhesives would intensify the market competition further. It is expected that the ability to manufacture an exclusive range of adhesives based on the consumers’ requirements would support the players to gain an edge over their rivals.

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Major Players:

Players leading the Indian Tile Adhesive Market include Henkel, Pidilite Industries Ltd., Huntsman, Bostik, Fosroc, MYK Laticrete India Pvt Ltd., Ardex Endura, Mapei Construction Products India Pvt Ltd., and Sika India Private Ltd., among others.

Industry/Innovation/Related News

October 12, 2019 — Pidilite Industries Limited, a major Indian adhesives manufacturing company, launched its TVC campaign for its tile adhesive brand – Roff, which is an environmentally safe and economical additive for cement, tile, and stone fixing solutions. The new Roff TVC highlights various problems faced by the customers, such as cracked tile, deboning, falling of tiles, unleveled tiles, and unaesthetic looks of tiles upon using only cement.

October 02, 2019 — A German manufacturer of special building materials – ARDEX GmbH, also having a strong presence in India, announced a strategic acquisition of a stake in Brazilian concrete products manufacturer – Ceramfix.

September 9, 2019 — A Swiss specialty chemical company – Sika AG with a strong presence in India and subsidiaries in 101 countries around the world, announced the acquisition of a Chinese silicone sealants & adhesives manufacturer – Crevo-Hengxin. Sika is a leading supplier for building & motor vehicle supplies, and Crevo-Hengxin holds a leading position in the development and production of silicone sealants and adhesives used in both industry and construction applications.

The acquisition would expand Sika’s Target Markets Industry and Sealing & Bonding presence in China and APAC, gaining new silicone technology plus a production footprint.

India Tile Adhesive Market – Segments

To widen the scope of understanding, MRFR has segmented the report into three key dynamics;

By Type: Cementitious Tile Adhesive, Epoxy Tile Adhesive, Dispersion Tile Adhesive, and others.

By Application: Residential, Commercial, and Institutional Construction Activities.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Tile Adhesive Market – Regional Analysis

India is a prominent market for Tile Adhesives, witnessing continuous launches of new product ranges that can provide better adhesion and prolonged bonding ability. Many major international players are expanding their production capacities in the country. The market is majorly driven by the rising infrastructural upgrade activities in major cities such as Mumbai and Delhi.

Heading with the trends such as the burgeoning construction industry that is led by the increasing population, strengthening economy, and collaboration with foreign investors in the country, the market is expected to register significant accruals over the forecast period.

Moreover, reconstruction and redevelopment projects, mainly in the residential segment, provide impetus to the growth of the market. Additionally, increasing demand for decorative tiles in the commercial construction sector, such as malls, airports, office buildings, and retail outlets, drives the Indian Tile Adhesive Market.

Browse Key Industry Insights spread across 93 pages with 64 market data tables & 35 figures & charts from the report, “India Tile Adhesive Market Information: By Type (Cementitious Tile Adhesive, Epoxy Tile Adhesive, and Dispersion Tile Adhesive), by Construction Activity (New Construction and Repair & Renovation) by Application (Residential, Commercial, and Institutional) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/india-tile-adhesive-market-4655                        

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