Market Size of Stone and Tile Adhesives and Sealants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 9.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Stone and Tile Adhesives & Sealants Market Analysis
Thestone and tile adhesives andsealants market is expected to record a CAGR of over 9%, during the forecast period. The major factors driving the market studied are the rapidly increasingnumber of residential projects and an increase in the usage of ceramic and thin porcelain decorative tiles.
- The low-profit margin for manufacturers and low awareness regarding tile and stone adhesives in developing economies areexpected to hinder the growth of the market studied.
- Development of adhesives for various innovative substrates, and increasing R&D activities in the development of innovative low VOC stone and tile adhesives areexpected to act as an opportunity in the future.