Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
India Tile Adhesive Market Growth Projections and Opportunities
The demand for tile adhesive in India is increasing gradually due to several factors. One of the main reasons is the growing demand for ceramic and thin porcelain decorative tiles. As more people are interested in using these types of tiles for their homes and other projects, the need for tile adhesive also increases. Additionally, there is an increase in residential housing projects and non-residential projects, which further drives the demand for tile adhesive in the country. According to analysis by MRFR (Market Research Future), the India tile adhesive market was valued at USD 74.76 million in 2016 and is expected to reach USD 136.76 million by 2023, with a compound annual growth rate (CAGR) of 9.09%. This indicates that the market for tile adhesive in India is projected to witness high demand in the near future.
In terms of types of tile adhesive, cementitious tile adhesive accounted for the largest market value share of 66.70% in 2016. This segment is expected to grow at the highest CAGR of 9.21% due to its modified properties and lower price compared to other types of adhesives. The cementitious adhesive segment is followed by epoxy and dispersion tile adhesive. When it comes to construction activity, the new construction segment dominates the market. In 2016, this segment was valued at USD 60.64 million and is expected to reach USD 111.28 million by the end of 2023. This indicates strong growth in the demand for tile adhesive in new construction projects in India.
In terms of application, the residential segment holds the largest market share of 73.80%. This segment is expected to grow at a CAGR of 9.13% during the forecast period. The high growth in residential construction activities in India is driving the demand for tile adhesive in the residential segment. Overall, the India tile adhesive market is experiencing significant growth, driven by factors such as the increasing demand for decorative tiles, residential housing projects, and non-residential projects. The cementitious tile adhesive segment is the largest in terms of market value, while the new construction segment dominates the market in terms of construction activity. The residential segment holds the largest market share and is expected to continue growing in the coming years.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.11 Billion |
| Market Size Value In 2023 | USD 0.12 billion |
| Growth Rate | 9.09% (2022-2030) |
India Tile Adhesive Market Highlights:
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
