Tile Grout and Adhesives Market to Reach $3.88 Billion, Globally, by 2026 at 6.8% CAGR: Allied Market Research
Drivers, restraints, and opportunities-
Rise in adoption of thermally treated tiles, increase in popularity of outdoor entertaining area among residential end-users, and surge in residential and non-residential construction activities drive the growth of the global tile grout and adhesives market. On the other hand, threat of substitute products impedes the growth to certain extent. Nevertheless, growing emphasis toward utilization of low VOC grout and adhesive is expected to pave the way for several opportunities in the near future.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6214
The adhesive segment to retain its dominance by 2026-
Based on type, the adhesive segment accounted for three-fourths of the global grout and adhesives market share in 2018, and is expected to dominate throughout the forecast period. This is due to satisfactory prices in comparison with other flooring materials. In addition, the adhesive is quite strong when used to hold tiles on walls, which has boosted the growth of the segment yet more. The grout segment, on the other hand, is anticipated to cite the fastest CAGR of 7.4% by the end of 2026. The ability of grout to offer chemical resistance, and compressive strength & stiffness is estimated to lead the growth of the segment.
The residential segment to rule the roost during the study period-
Based on application, the residential segment contributed to nearly three-fifths of the global grout and adhesives market revenue in 2018, and is projected to lead the trail till 2026. Increased expenditure on residential construction across the globe boosts the growth of the segment. At the same time, the commercial segment would register the fastest CAGR of 7.7% during the study period.
Enquire For Discount:https://www.alliedmarketresearch.com/purchase-enquiry/6214
Asia-Pacific held the major share in 2018, while North America held the second highest CAGR by 2026-
Based on geography, the Asia-Pacific region garnered the highest share in 2018, holding nearly two-thirds of the global grout and adhesives market. Easy availability of raw materials is the major factor driving the growth of the market in this region. The LAMEA region would grow at the fastest CAGR of 8.5% throughout the estimated period. Significant investment toward infrastructure development and growing popularity of outdoor flooring in Middle East are the major factors driving the growth of the market in the LAMEA region. However, North America is expected to hold the second highest CAGR from 2019 to 2026.
Frontrunners in the industry-
Access AVENUE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/Avenue-Membership-details
Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Similar Studies
Ceramic Tiles Market Is Expected to Reach $145,949 Million, Globally, by 2022
Eco-friendly Tiles Market Expected to Reach $37,753 Million by 2023
Green Cement Market Expected to Reach $36,481 Million, Globally, by 2023
Natural Stone Market is Expected to Reach $48.0 Billion by 2026
Outdoor Flooring Market Expected to Reach $12,072.1 Million, Globally, by 2025
Pre-Book Now with 12% Discount:
Tile Grout Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
Global Anti-Skid Ceramic Tiles Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
Logo : https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
