Market Overview

The Australia and New Zealand tile adhesive market was USD 55.85 million in 2021. The market is projected to reach USD 104.51 million by the end of the forecast period at a CAGR of 7.26%.

In terms of volume, the Australia and New Zealand market was 101.90 kilotons in 2021 and is anticipated to register a CAGR of 6.46% during the forecast period.

The Australia and New Zealand tile adhesive market is prominently influenced by many market-driven factors. Some of the market-driven factors, which are slated to fuel the Australia and New Zealand market growth include growing demand for tile, rising disposable income, and rapid urbanization.

Apart from these factors, growing investment in residential as well as non-residential construction activities across the globe is projected to trigger Australia and New Zealand tile adhesive market growth.

Residential construction is a leading segment in the tile adhesive market based on its end use. Non-residential construction is commercial and institutional. The commercial construction activities include new construction, replacement, and transportation activities. Demand for decorative tiles in commercial construction offers a good perspective, which is expected to drive the tile adhesives market.

Decorative tile can be installed in malls, airports, office buildings, retail outlets, and commercial buildings, with uses including flooring, wall coverings, and other applications. The demand is dominated by the floor covering applications for decorative, ceramic, vitrified, and other tiles as consumer preference have shifted from carpets and rugs to tiles, which will continue to spur the demand for tile adhesives.

Market Segmentation

According to our analysis, the Australia and New Zealand tile adhesive market is segmented into type, chemistry, application, end-use, and region. Based on type, the tile adhesive market is segmented into cementitious, dispersion, and reactive tile adhesive. The cementitious segment accounted for the largest market share of 75.78% in 2021 with a market value of USD 42.32 million.

Based on chemistry, the market is segmented as vinyl acetate ethylene, VAE-volva, acrylic, styrene-butadiene, epoxy, polyurethane, and others. Acrylic accounted for the largest value market share of 29.61% in 2021 due to its use in cementitious tile adhesive (as an additive) as well as dispersion tile adhesive (purely acrylic dispersion).

The prominent application of tile adhesives includes ceramic tile followed by ceramic tile, vitrified tiles, mosaic and glass, natural stone, and others. The segment is anticipated to register the highest CAGR of 7.61% during the forecast period due to the growing demand for ceramic tiles in various applications such as flooring, walls, kitchen counters, patios, and walkways. Based on end use, the market is segmented as residential, commercial, and institutional. The residential segment accounted for the largest market share of 65.54% in 2021 with a market value of USD 70.92 million.

Major Players

Henkel AG & Co KgaA, Bostik, BASF SE, Henkel AG & Co KgaA, Sika AG, and Saint-Gobain Weber

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.2 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY TYPE
1.1.3 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY CHEMISTRY
1.1.4 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY APPLICATION
1.1.5 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY END USE
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 BOOMING CONSTRUCTION INDUSTRY
4.2.2 GROWING TILE MARKET
4.2.3 INCREASING DEMAND FOR CEMENTITIOUS TILE ADHESIVE
4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 LOW PROFIT MARGINS AND LOW AWARENESS REGARDING TILE ADHESIVES
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 INNOVATIVE LOW VOC TILE ADHESIVE
4.5 CHALLENGE
4.5.1 USE OF POLYMER-BASED CEMENTITIOUS TILE ADHESIVE
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIALS SUPPLIERS
5.1.2 TILE ADHESIVES MANUFACTURERS
5.1.3 DISTRIBUTION CHANNELS
5.1.4 END USERS
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF COVID 19 OUTBREAK ON THE AUSTRALIA AND NEW ZEALAND TILE ADHESIVES MARKET
5.3.1 IMPACT OF COVID 19 ON THE SUPPLY CHAIN OF TILE ADHESIVES
5.3.2 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FOR TILE ADHESIVES DUE TO COVID 19
6 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY TYPE
6.1 OVERVIEW
6.1.1 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2030
6.1.2 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2030
7 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY CHEMISTRY
7.1 OVERVIEW
7.1.1 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY CHEMISTRY, 2019–2030
7.1.2 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY CHEMISTRY, 2019–2030
8 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY APPLICATION
8.1 OVERVIEW
8.1.1 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
8.1.2 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
9 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY END-USE
9.1 OVERVIEW
9.1.1 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY END-USE, 2019–2030
9.1.2 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE: MARKET ESTIMATES & FORECAST BY END-USE, 2019–2030
10 AUSTRALIA AND NEW ZEALAND TILE ADHESIVE MARKET, BY REGION
10.1 OVERVIEW
10.2 AUSTRALIA
10.3 NEW ZEALAND
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 RECENT DEVELOPMENTS, MERGERS/ACQUISITIONS
11.3 AUSTRALIA AND NEW ZEALAND MARKET STRATEGY ANALYSIS
11.4 MARKET SHARE ANALYSIS, KEY PLAYERS, 2021 (%)
11.5 COMPETITIVE BENCHMARKING, TILE ADHESIVE BRANDS
12 COMPANY PROFILES
12.1 BOSTIK
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCTS OFFERED
12.1.4 KEY DEVELOPMENTS
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 SIKA AG
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCTS OFFERED
12.2.4 KEY DEVELOPMENT
12.2.5 SWOT ANALYSIS
12.2.6 KEY STRATEGIES
12.3 SAINT GOBAIN WEBER S.A.
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCTS OFFERED
12.3.4 KEY DEVELOPMENTS
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 BASF SE
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCTS OFFERED
12.4.4 KEY DEVELOPMENTS
12.4.5 SWOT ANALYSIS
12.4.6 KEY STRATEGIES
12.5 3M
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCTS OFFERED
12.5.4 KEY DEVELOPMENTS
12.5.5 SWOT ANALYSIS
12.5.6 KEY STRATEGIES
12.6 DUPONT INC.
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS OFFERED
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 HENKEL AG & CO KGAA
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS OFFERED
12.7.4 KEY DEVELOPMENTS
12.7.5 SWOT ANALYSIS
12.7.6 KEY STRATEGIES
12.8 H.B. FULLER
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 PRODUCTS OFFERED
12.8.4 KEY DEVELOPMENTS
12.8.5 SWOT ANALYSIS
12.8.6 KEY STRATEGIES
12.9 MAPEI SPA
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 PRODUCTS OFFERED
12.9.4 KEY DEVELOPMENTS
12.9.5 SWOT ANALYSIS
12.9.6 KEY STRATEGIES
12.10 DUNLOP
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 PRODUCTS OFFERED
12.10.4 KEY DEVELOPMENTS
12.10.5 SWOT ANALYSIS
12.10.6 KEY STRATEGIES
12.11 BAYSET
12.11.1 COMPANY OVERVIEW
12.11.2 FINANCIAL OVERVIEW
12.11.3 PRODUCTS OFFERED
12.11.4 KEY DEVELOPMENTS
12.11.5 SWOT ANALYSIS
12.11.6 KEY STRATEGIES
12.12 ARDEX
12.12.1 COMPANY OVERVIEW
12.12.2 FINANCIAL OVERVIEW
12.12.3 PRODUCTS OFFERED
12.12.4 KEY DEVELOPMENTS
12.12.5 SWOT ANALYSIS
12.12.6 KEY STRATEGIES
13 APPENDIX
13.1 REFERENCES
13.2 RELATED REPORTS

The post Australia And New Zealand Tile Adhesive Market Research Report Forecast to 2030 first appeared on CRI Report.

The Indian tile adhesive market is forecasted to reach USD 136.76 Million by the end of 2023 at a CAGR of 9.09%.

Some of the protuberant drivers supporting the growth of the Indian tile adhesive market are identified as, boom in residential construction activity as well as the growing demand of ceramic tile in building & construction activity. As homeowners seek to replace old and worn floors with modern, aesthetically pleasing tile styles, the tile adhesive market experiences a continuous surge in India.

Additionally, increasing demand of decorative tiles in non-residential construction activities such as malls, airports, office buildings, retail outlets, and other municipal and commercial buildings is another factor that drives the Indian tile adhesive market.

Moreover, recent trends favoring the use of adhesives with rapid hardening property for floor and wall coverings by means of tile are expected to drive the Indian tile adhesive market. However, lack of awareness of tile adhesives among consumer and lower profit margins due to the usage of low-cost chemicals to reduce the overall construction cost may restrain the market in future.

Curing Adhesives Market Research Report – Forecast till 2028

Tile Adhesives are made using high quality material which enhances the durability of the adhesive and its bonding span is increased as well.

Based on type, they are segmented as cementitious adhesive, epoxy adhesive and dispersion adhesive. Cementitious tile adhesives are largely used in India as a wall tile adhesives & ceramic floor tile adhesives. Water resistant cements and polymer modified cements are suitable for both internal and external use and as a result cementitious tile adhesive accounted for the largest value market share in 2016.

Cementitious tile adhesive is expected to dominate during the forecast period and expected to grow at highest CAGR of 9.21% due to its low price as compared to epoxy adhesive and dispersion adhesive. The epoxy tile adhesive is the second major type of tile adhesive used in the India, which is holding a market share of 21.65%, as of 2016.

The Indian tile adhesive market is segmented based on application as residential, commercial and institutional. Residential segment is estimated to dominate during the forecast period to reach a value of USD 101.16 Million by 2023 end. This can be attributed to the growing urbanization trend and flourishing housing construction activity as the number of ambitious programs launched by the union government.

Regional Analysis

Indian Tile Adhesive market is estimated to grow with healthy growth rate of the world market. Globally, India ranks at significant level in consumption of tile adhesive. Regionally, western India has been the dominant region contributing approx. 50% to the Gross Value Added (GVA) for the Tile Adhesive sector.

Several initiatives taken by the Government of India will support the growth of the chemical industry in India. One of such initiative is ‘Make in India’. This initiative is expected to foster growth in the Indian tile adhesive market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments.

Approval of the GST bill is another key reform, which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by the government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies.

The R&D investment and facility of Indian companies have been limited traditionally, but the situation is changing slowly with more and more companies looking at R&D as a key source of staying in the competitive environment of the tile adhesive market in India. The investment in R&D for Indian companies is expected to grow above 2% of the total revenue, thereby help to innovate them the product in the market. The industry is also observing increasing tie-ups with academia, which will facilitate the technology applied research further which is expected to boost the Indian tile adhesive market.

Segmentation

Tile adhesive market in India is segmented on the basis of type and end-user. Based on type, market is divided into cementitious tile adhesive, epoxy tile adhesive, and dispersion tile adhesive. On the basis of construction activity, the market is categorized in new construction and repair & renovation. Application wise, the India tile adhesive market is segmented into residential, commercial, and institutional.

Key Players

The prominent players in the India tile adhesive market are Pidilite Industries 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.

Key Findings

The India tile adhesive market is expected to grow at CAGR of 9.08% during review period of 2017-2023 to reach USD 136.76 million by 2023 end. Cementitious tile adhesive among the three major types of tile adhesives accounts for the largest share due to its low price as compared to dispersion adhesive and epoxy tile adhesive.

Among residential, commercial, and institutional applications of tile adhesives in the India, residential segment is the dominating the market during the review period and is estimated to reach USD 101.16 Million till 2023.

The report covers brief analysis of geographical region includes
• India
o North India
o South India
o West India
o East India
Intended Audience
• Manufacturers and distributors of tile adhesives in Indian markets.
• Manufacturers and distributors of coatings.
• Manufacturers and distributors of paints.
• Suppliers and traders of building materials.
• Government, associations and industrial bodies.
• Investors and Trade experts.
• Consulting in chemical experts.
DC description
 Tile glue
 Wall tile adhesive
 Tile cement
 Waterproof tile adhesive
 Porcelain tile adhesive
 Cementitious tile adhesive
 Epoxy tile adhesive
 Acrylic tile adhesive
 Mortars
 Construction adhesives

Related reports: Global Tile Adhesive Market Research Report – Forecast to 2023

The post India Tile Adhesive Market – Trends & Forecast, 2016-2023 first appeared on CRI Report.