Market Overview
The adhesive tile market in the U.S. is highly driven by remodeling activities. The homeowners replace old and worn floors with modern tile styles. The increasing usage of decorative tiles in airports, office buildings, malls, retail outlets, and other municipal and commercial buildings, using including wall coverings, countertops flooring, backsplashes, and other applications.
The rise in urbanization and shift of population from rural areas to urban areas are driving the demand for advanced residential construction in developing countries, driving the U.S. Tile Adhesive Market growth. The global market shows extensive growth due to the presence of segments, trends, drivers, competitive landscape, and factors. These are playing a substantial role in the market.
The shift of population to urban areas is highly driving the demand for new residential construction in developing nations leading to market growth. In developing nations, the need for residential development is accelerating the demand for tile adhesives. Compared to bricks, ceramic tile adhesive is convenient to apply and gives a more attractive look. Cement extender, binder, and protective colloid, coating polymer, lubricity shape retention enhancer, workability enhancer, and suspension and stabilization agent are prime factors for the usage of ceramic tile adhesive.
Recently, the utilization of advanced technology for ceramic tiles production has enabled the large production and thinner tiles size, which are cast off for creating continuous surfaces with the higher architectural value. Ceramic tile adhesive is used for flooring and coatings in commercial, residential, and industrial buildings, swimming pools, airports, and other public places.
The U.S. Tile Adhesive Market will grow tremendously at a CAGR of 8.69 % and reach a strong valuation of USD 590.02 million by the end of 2023 in the forecast period.
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Market Segments
The U.S. Tile Adhesive Marketis fragmented into type and end-user. The type section comprises a cementitious adhesive, dispersion adhesive, and reactive resin adhesive. Cementitious tile adhesives are used in the U.S. as wall tile adhesives and ceramic floor tile adhesives.
The cementitious tile adhesive will witness the highest CAGR during the forecast period.
The end-user segment is divided into residential and non-residential. The residential segment will dominate the market with the highest share value. The segment will maintain its superior position in the forecast period.
Key Players
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Regional Analysis
The U.S. Tile Adhesive Marketwill show significant growth in major regions. The increasing reconstruction activities by house owners. The inclination towards the aesthetic look and attractive interior of houses is fueling up the market in the forecast period.
The prominent industrials player are propelling toward product invention with prolonged bonding ability. The major key players in this include H.B. Fuller, Bostik, Custom Building Products, and Saint-Gobain Weber, among others. Arkema opened its new Bostik production facility in Dallas, Texas, an addition to the production of tile adhesive in the region.
Intended Audience
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Industry News
Bostik, a part of Arkema Group, leads the regional market due to its production. Saint-Gobain Weber launched epoxy adhesive with heavy-duty and chemical resistance. The company named Custom Building Products introduced high-performance glass tile, a huge innovation step propelling the regional market.