“Global Ceramic Tile Adhesive Market, by Flooring Type (Standard, Strong), By Application (Wood Floor Pasting, Tiled Floor Pasting, Polyethylene Floor Pasting, Stone Floor Pasting), by End-Use (Residential, Commercial, Industrial), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the global ceramic tile adhesive market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $11,241.6 Mn, and is estimated to increase moderately over the latter part of the forecast period.
A ceramic tile adhesive is a ready-mix, that is specially formulated from OPC, selected fine sand, and other additives to improve its essential properties for laying tiles. High-performance tile adhesives can be used to lay tiles on existing tiles, on polished cement, on wooden substrates or other special substrates.
In recent years there has been a steady increase in the levels of urbanization on a global-scale due to surging population figures, on account of this primary factor the projected revenue for the global ceramic tile adhesive market are expected to index a considerable increase over the next decade. Moreover, the steady expansion of urban areas including Tier-II to Tier-VI regions, is expected to increase construction and building activity immensely over the next 10 years. This is another major factor that is slated to positively compliment the revenue growth of the global ceramic tile adhesive market in the coming years. Furthermore, the exponential increase in infrastructural development, more specifically in the various emerging economies of the world, as a direct result of increasing disposable incomes is another factor that is anticipated to have a profound impact on new opportunities for market growth in the foreseeable future. These aforementioned factors are some of the most crucial elements that are anticipated to play a critical role in edging the projected revenue of the global ceramic tile adhesive market to USD $13,975.4 Mn by 2029, at a CAGR of 5.6%.
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