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Tile Grout and Adhesives Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989504
  • Report
  • November 2019
  • Region: Global
  • 218 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Ardex GmbH
  • Arkema Group
  • BASF
  • Dow
  • Henkel
  • Laticrete
The global tile grout and adhesives market 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 adhesives is a material that is used to install tiles and fill the gaps between it. Grout and adhesives is commonly a mixture of water, sand, and cement, in which is used for pressure grouting, embedding rebar in masonry walls, connecting sections of precast concrete, filling voids, and sealing joints between tiles. Tile grout and adhesives is sometimes mixed with fine gravel for filling large gaps such as the cores of concrete blocks. Unlike other structural pastes such as plaster or joint compound, grout when mixed correctly and applied properly forms a waterproof seal.



The global tile grout and adhesives market has witnessed significant growth over the past few years. The market is expected to witness significant growth in the near future, owing to high demand for decorative tiles. Moreover, surge in the number of residential projects has supplemented the market growth. However, lack of awareness regarding grout tile in developing economies is expected to hamper the market growth. Moreover, spiraling number of restaurants, fast food joints, and quick service restaurants is expected to provide lucrative opportunities to the market players in the near future. However, high cost of raw materials and advent of new flooring material hamper the market growth. However, innovations in low VOC adhesive grout tile present lucrative opportunities for the market players in the near future.

The global tile grout and adhesives market is segmented on the basis of type, application, and region. Based on type, the market is segmented into adhesive and grout. By application, it is divided into residential, commercial, and industrial. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players operating in the global market have adopted key strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market outreach and sustain the stiff competition in the market.

COMPETITION ANALYSIS

The major market participants profiled in this 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.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging tile grout and adhesives market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global tile grout and adhesives market forecast analysis from 2018 to 2026 is included in the report.
  • The key market players within 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.

GLOBAL TILE GROUT AND ADHESIVES MARKET SEGMENTS

By TYPE
  • Adhesives
  • Grout

BY APPLICATION
  • Commercial
  • Industrial
  • Residential

By REGION
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Vietnam
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players
  • Ardex GmbH
  • Arkema Group
  • BASF
  • Dow
  • Henkel
  • Laticrete International Inc.
  • Pidilite Industries Limited
  • Saint-Gobain Group
  • Schomburg GmbH & Co. KG
  • Sika AG.
Frequently Asked Questions about the Global Tile Grout and Adhesives Market

What is the estimated value of the Global Tile Grout and Adhesives Market?

The Global Tile Grout and Adhesives Market was estimated to be valued at $2244.0 million in 2018.

What is the growth rate of the Global Tile Grout and Adhesives Market?

The growth rate of the Global Tile Grout and Adhesives Market is 7.1%, with an estimated value of $3880.2 million by 2026.

What is the forecasted size of the Global Tile Grout and Adhesives Market?

The Global Tile Grout and Adhesives Market is estimated to be worth $3880.2 million by 2026.

Who are the key companies in the Global Tile Grout and Adhesives Market?

Key companies in the Global Tile Grout and Adhesives Market include Ardex GmbH, Arkema Group, BASF, Dow, Henkel, Laticrete International Inc., Pidilite Industries Limited, Saint and Schomburg GmbH & Co. KG.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ardex GmbH
  • Arkema Group
  • BASF
  • Dow
  • Henkel
  • Laticrete

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Application And Models
Chapter 2: Executive Summary
2.1. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter'S Five Forces Analysis
3.4. Key Player Positioning, 2018
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rise In Adoption Of Thermally Treated Tiles
3.5.1.2. Growing Popularity Of Outdoor Entertaining Area Among Residential End-Users
3.5.1.3. Surge In Residential And Non-Residential Construction Activities
3.5.2. Restraints
3.5.2.1. Threat Of Substitute Products
3.5.2.2. Fluctuations In Foreign Currencies Continues Its Influence Over Profit Margins
3.5.3. Opportunity
3.5.3.1. Increasing Emphasis Towards Utilization Of Low Voc Grout And Adhesive
Chapter 4: Tile Grout And Adhesives Market , By Type
4.1. Overview
4.1.1. Market Size And Forecast, By Type
4.2. Adhesives
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Grout
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
Chapter 5: Tile Grout And Adhesives Market , By Application
5.1. Overview
5.1.1. Market Size And Forecast, By Application
5.2. Commercial
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Industrial
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Residential
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
Chapter 6: Tile Grout And Adhesives Market , By Region
6.1. Overview
6.1.1. Market Size And Forecast, By Region
6.2. North America
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Type
6.2.3. Market Size And Forecast, By Application
6.2.4. Market Analysis By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By Type
6.2.4.1.2. Market Size And Forecast, By Application
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By Type
6.2.4.2.2. Market Size And Forecast, By Application
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By Type
6.2.4.3.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Type
6.3.3. Market Size And Forecast, By Application
6.3.4. Market Analysis By Country
6.3.4.1. Germany
6.3.4.1.1. Market Size And Forecast, By Type
6.3.4.1.2. Market Size And Forecast, By Application
6.3.4.2. France
6.3.4.2.1. Market Size And Forecast, By Type
6.3.4.2.2. Market Size And Forecast, By Application
6.3.4.3. UK
6.3.4.3.1. Market Size And Forecast, By Type
6.3.4.3.2. Market Size And Forecast, By Application
6.3.4.4. Russia
6.3.4.4.1. Market Size And Forecast, By Type
6.3.4.4.2. Market Size And Forecast, By Application
6.3.4.5. Rest Of Europe
6.3.4.5.1. Market Size And Forecast, By Type
6.3.4.5.2. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Type
6.4.3. Market Size And Forecast, By Application
6.4.4. Market Analysis By Country
6.4.4.1. China
6.4.4.1.1. Market Size And Forecast, By Type
6.4.4.1.2. Market Size And Forecast, By Application
6.4.4.2. India
6.4.4.2.1. Market Size And Forecast, By Type
6.4.4.2.2. Market Size And Forecast, By Application
6.4.4.3. Indonesia
6.4.4.3.1. Market Size And Forecast, By Type
6.4.4.3.2. Market Size And Forecast, By Application
6.4.4.4. Vietnam
6.4.4.4.1. Market Size And Forecast, By Type
6.4.4.4.2. Market Size And Forecast, By Application
6.4.4.5. Rest Of Asia-Pacific
6.4.4.5.1. Market Size And Forecast, By Type
6.4.4.5.2. Market Size And Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Type
6.5.3. Market Size And Forecast, By Application
6.5.4. Market Analysis By Country
6.5.4.1. Latin America
6.5.4.1.1. Market Size And Forecast, By Type
6.5.4.1.2. Market Size And Forecast, By Application
6.5.4.2. Middle East
6.5.4.2.1. Market Size And Forecast, By Type
6.5.4.2.2. Market Size And Forecast, By Application
6.5.4.3. Africa
6.5.4.3.1. Market Size And Forecast, By Type
6.5.4.3.2. Market Size And Forecast, By Application
Chapter 7: Company Profiles
7.1. Ardex Gmbh
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.5. Product Portfolio
7.1.1. Key Strategic Moves And Developments
7.2. Arkema Group
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Operating Business Segments
7.2.5. Product Portfolio
7.2.6. R&D Expenditure
7.2.7. Business Performance
7.2.8. Key Strategic Moves And Developments
7.3. Basf Se
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. R&D Expenditure
7.3.7. Business Performance
7.4. The Dow Chemical Company
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. R&D Expenditure
7.4.7. Business Performance
7.5. Henkel Ag & Co. Kgaa
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. R&D Expenditure
7.5.7. Business Performance
7.6. Laticrete International, Inc.
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.5. Product Portfolio
7.6.6. Key Strategic Moves And Developments
7.7. Pidilite Industries Limited
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Operating Business Segments
7.7.5. Product Portfolio
7.7.6. R&D Expenditure
7.7.7. Business Performance
7.8. Saint-Gobain Group
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.5. Operating Business Segments
7.8.6. Product Portfolio
7.8.7. R&D Expenditure
7.8.8. Business Performance
7.8.9. Key Strategic Moves And Developments
7.9. Schomburg Gmbh & Co. Kg
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Product Portfolio
7.9.5. Key Strategic Moves And Developments
7.10. Sika Ag
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. R&D Expenditure
7.10.7. Business Performance
7.10.8. Key Strategic Moves And Developments
*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ardex GmbH
  • Arkema Group
  • BASF
  • Dow
  • Henkel
  • Laticrete
According to the report 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.

Rise in adoption of thermally treated tiles, growing popularity of outdoor entertaining area among residential end users, and surge in residential and non-residential construction activities drive the growth of the tile grout and adhesives market. 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.

In 2018, based on type, the adhesives segment accrued the largest share in the tile grout and adhesives market. In addition, the expansion of infrastructure sector throughout the globe especially in emerging nations such as China and India fuels the demand for construction adhesives. Thus, growing infrastructure sector is expected to drive the growth of the grout and adhesives market.

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.

Furthermore, the growth of residential sector, owing to increase in population and urbanization around the globe is projected to fuel the demand for tile grout and adhesives market in the coming years. Currently, based on application, in 2018, the residential segment have garnered significant market share, owing to the expansion of infrastructure sector in developing regions. In addition, the commercial segment is expected to exhibit significant growth during the forecast period. Proliferation of new commercial and residential properties in developing countries is expected to propel the demand for tile grout and adhesives, which, in turn, is anticipated to fuel the growth of the global grout and adhesives market.

Moreover, growth in the retail infrastructure across developing nations would boost the sales of grout and adhesives especially through hypermarkets and other channels. In terms of region, Asia-Pacific and LAMEA collectively contributed around 81.2% of shares in the global market in 2018.

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. For instance, in June 2019, Weber, a brand of Saint-Gobain launched, Multi Fix tile adhesive for fixing of hard body ceramic tiles. The hard body ceramic tiles are denser and stronger than the regular ceramic tiles and thus, the Multi Fix adhesive is especially designed with advance formulation, which has slower absorption rates. Similarly, in September 2018, it developed, weberjoint premium tile grout. The new grout is extra-flexible and scratch resistant that can be used for ceramic, quarry, natural stone & mosaic, and interior & exterior tiles.

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.
Note: Product cover images may vary from those shown
  • Ardex GmbH
  • Arkema Group
  • BASF
  • Dow
  • Henkel
  • Laticrete International Inc.
  • Pidilite Industries Limited
  • Saint-Gobain Group
  • Schomburg GmbH & Co. KG
  • Sika AG.
  • Laticrete
  • Saint-Gobain Ltd.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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