Surging India of Tile Adhesive by Residential Segment is set to propel the India Tile Adhesive Market Growth at CAGR of 9.09%

India Tile Adhesive Market Highlights

The India Tile Adhesive Market will be surging from USD 0.11 Billion in 2022 to USD 0.22 billion by 2030, with a notable CAGR of 9.09% during the appraisal period (2022 - 2030), expects Market Research Future (MRFR).

Top Drivers and Primary Barriers

Market growth is anticipated to be substantial by the end of the projected period. The majority of the time, flooring is installed using adhesives for tile and marble. Globally expanding commercial and residential construction and renovation projects are expected to increase demand for flooring, which will then increase demand for tile and stone adhesives. The rapid growth will be assisted by a number of government efforts to promote industrial expansion, tourism, and development. For instance, by 2030, the Indian government plans to invest USD 1.4 trillion on the National Infrastructure Pipeline (NIP), with urban infrastructure making up 16% of the total.

The popularity of outdoor hotels, cafes, play areas, swimming pools, and lounges has increased dramatically during the past ten years. Usually, these locations are built to look good and be pleasing to the sight. Flooring made of marble, stones, or ceramic tiles is opulent. The burgeoning hotel and lodging sector is also a result of the expanding travel market. The rising demand for tiles for the construction of such areas would be the primary driver of the market for tile and marble adhesives.

Market Segmentation

Cementitious tile adhesive, epoxy tile adhesive, and dispersion tile adhesive are among the market segments for tile adhesive in India, with respect to the type. With 35% of the market's total revenue ($10.45 billion), the cementitious tile adhesive sector dominated the industry. 

In terms of polymer chemistry, the segmentation of the tile adhesive market in India includes both new construction and repair and rehabilitation. During the projection period, 2022–2030, the repair and renovation category is expected to increase at the fastest rate. It dominated the market in 2021. This is a result of the rise in demand from the solar power, electrical & electronics, and packaging industries. Consequently, rising tile adhesive demand has a favorable effect on the market. 

Residential, commercial, and institutional applications are covered in the MRFR study. Due to the increasing demand for ceramic tiles for ornamental applications, the residential segment—which accounted for the majority of the market in 2021—is anticipated to experience the fastest growth during the forecast period, 2022–2030.

Regional Outlook

The substantial expansion of the Indian industrialization and building sectors is responsible for the market for tile adhesive. For the sake of preventing environmental harm and preserving the delicate balance of nature, building construction companies in India are turning to green construction methods. As the sector depletes materials that generate VOCs, the building industry contributes to escalating pollution-related issues. In 2001, the Indian Green Building Council (IGBC) was established as a result of these circumstances, which were mandated by the Confederation of Indian Industry (CII). The IGBC urges building sector stakeholders such as builders, owners, developers, and other parties to recognize their contribution to meeting national sustainability goals. 3.84 billion square feet of green buildings were constructed in India by the council between 2001 and 2015.

The mounting need for ornamental tiles in non-residential construction projects including mall construction, office construction, retail construction, airport construction, and other municipal and commercial structures is another driver driving the Indian tile adhesive market.

Notable Participants

Pidilite IndIndiatries 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 are the key industry participants.Get More Info @ India Tile Adhesive Market Size