Commenting on this report, an analyst from Market Research Future (MRFR)’s team said “U.S. tile adhesive market is estimated to be valued at USD 323.15 million in 2016 and expected to grow at CAGR of 9.08% during the forecast period from 2017-2023.”
The U.S. Tile Adhesive Market is projected to reach USD 590.02 million by 2023 with 9.08% CAGR growth rate during review period of 2017-2023. Among the three major types of tile adhesives, Cementitious adhesive accounts for the largest share due to its low price as compared to dispersion adhesive and reaction resin adhesive. Among residential and non-residential end users of tile adhesives in the U.S., residential segment is estimated to be a dominant end user during the forecast period.
The key players in the U.S. tile adhesive market
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U.S. tile adhesive market is segmented on the basis of type and end users. On the basis of type, the market is divided into cementitious adhesive, dispersion adhesive and reactive resin adhesive. Cementitious adhesive is holding major share in terms of overall demand of tile adhesive in this market. The major applications of cementitious adhesive in U.S. is as a wall tile adhesive and ceramic floor adhesives. Both water resistant cements and polymer modified cements are suitable for internal and external uses, which is favouring the demand of cementitious tile adhesive in the U.S. tile adhesive market. It has been the cementitious tile adhesive is estimated to grow at highest CAGR to reach USD 361.79 million by the end of 2023. Dispersion adhesive is another important type of tile adhesive used in the region. Its application can be found in interior tile bonding such as wall and floor tile adhesive. It exhibits better adhesion of ceramic tile with an increased pigment/binder ratio and to help achieve an increased water resistance. Dispersion adhesives account for nearly 25% share of the overall demand of tile adhesive in this market. Reactive resin adhesive holds the least share of demand among the three tile adhesive types due to its major use in assembly of furniture, signboard, and other building members as compared to adhesion of tiles.
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The tile adhesive market for U.S. is expected to reach USD 590.02 million by 2023 from USD 323.15 million in 2016, expanding at CAGR of 9.08 % from 2017-2023. The growth market is attributed to remodeling activities, as homeowners seek to replace old, obsolete style floors with modern, aesthetically pleasing tile styles. Home owners in this region are undertaking an extensive reconstruction of their house to give it an aesthetic look and attractive interior, which is driving the demand of tile adhesive in the U.S during the forecast period. In addition to this, the major player are earmarking significant chunk of their revenue for R&D in tile adhesives. They are inventing a new range of products that provides better adhesion and prolonged bonding ability. Major players in this market are, Bostik, Custom Building Products, H.B fuller, and Saint-Gobain Weber, among the other. Arkema has recently opened its new Bostik production facility in Dallas, Texas, which would add into the production capacity in the U.S. tile adhesive market
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