-- According to a new report published by Allied Market Research, titled, "Tile Grout and Adhesives Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global tile grout and adhesives market size was valued at $2,244.0 million in 2018, and is projected to reach $3,880.2 million by 2026, growing at a CAGR of 6.8% from 2019 to 2026.
Tile grout and adhesive is a mixture of cement, chemicals, sand, and water. It is used to install and fill gaps of tiles for flooring. In other words, it is a special kind of glue utilized to fix tiles all around the residential and commercial spaces. However, threat of substitute products and fluctuations in foreign currencies may hamper the tile grout and adhesives market growth. Furthermore, increase in emphasis toward utilization of low VOC grout and adhesive is expected to offer lucrative growth opportunities for the market.
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Moreover, the manufacturers of grout and adhesives are developing new products as a strategy to increase their tile grout and adhesives market shares. For instance, in October 2019, Bostik, a brand of Arkema, launched BAM, a high-performance fiber-reinforced tile mortar. The product is formulated with RapidCure technology and can be used for the installation of heavy & large tiles, mosaics, porcelain, ceramic, natural stones, and other tiles. Similarly, in April 2019, it launched Grip N Grab adhesive for installation of heavy materials such as natural stone, concrete, wood, ceramic tiles, and others. The product features advance hybrid technology, which enables strong and permanent adhesion of materials on vertical surfaces.
Global Tile Grout and Adhesives Market Segments:
By Type:
Adhesives
Grout
By Application:
Commercial
Industrial
Residential
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Key Findings of the Tile Grout and Adhesives Market:
The report provides an extensive analysis of the current and emerging tile grout and adhesives market trends and dynamics.
Depending on type, the adhesive segment dominated the market, in terms of revenue in 2018 and grout segment is projected to grow at a CAGR 7.4% during the forecast period.
By application, the residential segment led the tile grout and adhesives market in 2018.
LAMEA is projected to register the highest growth rate in the coming years.
In-depth tile grout and adhesives market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
The key market players within the tile grout and adhesives market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the tile grout and adhesives industry.
The report provides an extensive analysis of the market trends and emerging opportunities of the market.
The global tile grout and adhesives market forecast analysis from 2018 to 2026 is included in the report.
Leading Players:
The key players profiled in the tile grout and adhesives market report include Ardex GmbH, Arkema Group, BASF, Dow, Henkel, Laticrete International Inc., Pidilite Industries Limited, Saint-Gobain Group, Schomburg GmbH & Co. KG, and Sika AG. And some enterprises, such as Laticrete and Saint-Gobain., Ltd., are well-known for their grout and adhesives.
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Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 18007925285
Website: https://www.alliedmarketresearch.com
Release ID: 89034872
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