As per a recently published industry report by Fact.MR, a provider of market research and competitive intelligence, the global ceramic adhesives market is projected to reach a valuation of US$ 17.8 billion by 2033-end, expanding rapidly at a CAGR of 7.9% through 2033.
Rising consumer demand for decorative and aesthetically pleasing tiles is anticipated to stimulate the use of ceramic adhesives. Manufacturers are increasing their involvement to bring innovations in ceramic adhesives that comprise low concentrations of different volatile organic compounds. In addition, these newly manufactured adhesives are environment-friendly.
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Key Companies Profiled
- 3M
- Ardex
- Terraco
- Construction Chemicals Pty
- Saint-Gobain Weber
- Dural Industries
- Norcros Adhesives
- H.B. Fuller Construction Products
The building & construction industry is undergoing an unprecedented increase in moisture-related claims owing to multiple factors that are linked to the growing use of floor covering. These factors include a lot of fast-track building & construction activities. Further, increasing application of non-conventional sizes of different flooring tiles and improperly applied adhesives are also responsible for these claims.
Nowadays, manufacturers of ceramic adhesives are developing innovative, improved, and high-quality products that can reduce the damage caused due to moisture. These factors are expected to bolster growth opportunities in the ceramic adhesives industry.
Key Takeaways from Market Study
- Sales of ceramic adhesives are predicted to reach US$ 17.8 billion by the end of 2033.
- The Canadian market is likely to advance at a CAGR of 6.7% through 2033.
- The valuation of the ceramic adhesives industry is US$ 8.3 billion in 2023.
- The global market is projected to progress at a significant CAGR of 7.9% through 2033.
- Demand for ceramic adhesives in Japan is likely to increase at a CAGR of 4.9% through 2033.
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“Increasing demand for attractive and decorative tiles in retail outlets, malls, airports, and other commercial buildings is anticipated to propel growth opportunities in the global ceramic adhesives market,” says a Fact.MR analyst.
Winning Strategy
Growing demand for ceramic adhesives from the building & construction industry is estimated to bolster growth opportunities in the market. Furthermore, increasing commercial and residential infrastructural development is also likely to create lucrative opportunities in the market. People, around the world, are demanding tile installation of floor and wall coverings that may propel the demand for these adhesives.
On the flip side, stringent environmental regulations related to the use and processing of ceramic adhesives are likely to restrain growth avenues in the global market.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global ceramic adhesives market for the period of 2023-2033.
The study divulges essential insights into the market on the basis of type (cement-based, epoxy, acrylic, others) and application (building & construction, dental, and others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
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