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.
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Major Key Players of the Tile grout and adhesives Market are:
Ardex GmbH, Arkema Group, BASF, Dow, Henkel, Laticrete International Inc., Pidilite Industries Limited, Saint-Gobain Group, Schomburg GmbH & Co. KG, and Sika AG.
Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.
The global Tile grout and adhesives report offers quantitative and qualitative analysis of the market from 2021 to 2026. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
- Value chain analysis: AMR offers a complete analysis of all the stages along with the key stakeholders functioning in every stage with their strategic decisions on board.
- Key regulations: Allied Market Research provides key regulations and standards for the Tile grout and adhesives Market. The section also presents some of the regulatory documents of the product type.
- Pain point analysis: The report also offers insights on the key challenges faced by the stakeholders in the industry. The strategic decisions adopted by the market players to maintain their foothold in the market are also discussed through the report.
COVID-19 Impact Analysis on the global Tile grout and adhesives:
The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Tile grout and adhesives Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.
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Key Market Segments –
By Type –
- Adhesives
- Grout
By Application –
- Commercial
- Industrial
- Residential
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.
The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.
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