Stone and Tile Adhesives and Sealants Market Size, Share, Industry, Forecast and outlook (2023-2030)

Stone and Tile Adhesives and Sealants Market Overview

Global Stone and Tile Adhesives and Sealants Market reached US$ 5.1 billion in 2022 and is expected to reach US$ 8.8 billion by 2030, growing with a CAGR of 8.1% during the forecast period 2023-2030.

The global stone and tile adhesives and sealants market has experienced significant upward market trends in recent years, driven by factors such as urbanization, infrastructural development, and increasing demand for aesthetically appealing and durable construction materials. The rapid pace of urbanization across regions has fueled the demand for stone and tile adhesives and sealants. 

As cities expand and infrastructural development projects such as residential and commercial buildings, roads, and public spaces increase, there is a growing need for aesthetically appealing and durable construction materials. Stone and tile products, bonded with adhesives and sealed with appropriate sealants, offer a visually appealing and robust solution.

Asia-Pacific is among the growing regions in the global stone and tile adhesives and sealants market covering more than 1/3rd of the market share due to its large population, high levels of disposable income, and robust growth in construction market. The region has witnessed a surge in market opportunities and participation in stone and tile adhesives and sealants due to rapid urbanization and infrastructure development in countries such as China and India are fueling the demand for stone and tile adhesives and sealants in construction.

Further, epoxy is the fastest growing segment the global stone and tile adhesives and sealants market close to reaching more than half of the market share in type segment.

Stone and Tile Adhesives and Sealants Market Scope

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Stone and Tile Adhesives and Sealants Market Dynamics

Rising Demand for Aesthetic and Durable Flooring and Wall Coverings Combined with Infrastructure Development and Renovation Projects

Increasing consumer preferences for visually appealing and durable flooring and wall coverings have propelled the demand for stone and tile materials. Stone and tile adhesives and sealants play a crucial role in securely bonding these materials and ensuring long-term performance. The growing interest in high-quality finishes and design aesthetics, particularly in the residential and commercial sectors, has led to the adoption of stone and tile materials in various applications. Government data supports this trend.

For example, the U.S. Census Bureau reported that construction spending on residential and non-residential buildings in the United States increased by 5.9% and 3.3%, respectively, in 2020. The respective growth indicates the ongoing demand for aesthetically pleasing flooring and wall coverings, driving the market for stone and tile adhesives and sealants.

Infrastructure development projects, including roads, bridges, airports, and public buildings, contribute to the demand for stone and tile adhesives and sealants. Governments worldwide are investing in infrastructure to support economic growth and improve public amenities. The use of stone and tile materials in these projects enhances durability and aesthetics, necessitating the need for reliable adhesives and sealants. For instance, the European Commission reported that the European Union plans to invest €1.8 trillion in infrastructure projects under the European Green Deal by 2027. The substantial investment is expected to boost the stone and tile adhesives and sealants market in the region.

Urbanization and Construction Industry Growth

The global stone and tile adhesives and sealants market has witnessed substantial growth in recent years, driven by several factors such as urbanization and increasing construction activities. Stone and tile adhesives and sealants are essential components in the construction industry, providing strong bonding, protection, and aesthetic appeal to various applications. Rapid urbanization, especially in emerging economies, has led to increased construction activities, driving the demand for stone and tile adhesives and sealants. As more people migrate to urban areas, the need for residential, commercial, and infrastructural development rises.

According to the United Nations, the global urban population is projected to reach 68% by 2050. The respective urban growth translates into higher construction projects, including the installation of stone and tile materials, fueling the demand for adhesives and sealants. Government sources also support this trend. For instance, the Ministry of Housing and Urban Affairs in India reported that the country's urban housing requirement is estimated at 20 million houses by 2022, further driving construction activities and the demand for stone and tile adhesives and sealants.

Environmental Regulations and Sustainability Concerns along with Fluctuating Raw Material Prices

One of the primary restraints faced by the stone and tile adhesives and sealants market is stringent environmental regulations and growing sustainability concerns. Governments across the globe have implemented stringent norms and standards to reduce VOC (volatile organic compounds) emissions from construction materials. VOCs are commonly found in adhesives and sealants and contribute to air pollution and health hazards.

Regulatory bodies, such as the Environmental Protection Agency (EPA) in the United States and the European Chemicals Agency (ECHA) in Europe, have introduced limits on VOC content in construction products. These regulations pose a challenge for manufacturers to develop low VOC formulations without compromising performance.

The global stone and tile adhesives and sealants market faces volatility in raw material prices, which significantly impacts manufacturing costs. Raw materials such as resins, fillers, solvents, and additives are essential components of adhesives and sealants. Price fluctuations in these raw materials, often driven by supply-demand dynamics, geopolitical factors, and natural disasters, can lead to cost uncertainties for manufacturers. Government policies related to trade, tariffs, and sourcing restrictions also influence the availability and cost of raw materials.

Stone and Tile Adhesives and Sealants Market Segmentation Analysis

The global stone and tile adhesives and sealants market is segmented based on type, application, end-user and region.

Increasing Construction Activities, Rising Urbanization and The Growing Demand for Aesthetically Appealing and Durable Surfaces

The global stone and tile adhesives and sealants market has witnessed significant growth in recent years, driven by factors such as increasing construction activities, rising urbanization, and the growing demand for aesthetically appealing and durable surfaces. Among the various types of adhesives and sealants used in this market, the epoxy segment has emerged as a key growth driver.

Epoxy-based adhesives and sealants offer exceptional bonding strength, chemical resistance, and durability, making them ideal for a wide range of stone and tile applications. The construction industry plays a pivotal role in driving the demand for stone and tile adhesives and sealants.

Epoxy-based adhesives and sealants have gained popularity due to their superior bonding capabilities, enabling reliable and long-lasting installations. According to data from the United Nations, the global construction industry is expected to grow at a CAGR of 3.9% from 2021 to 2025. The respective growth is fueled by increasing urbanization, infrastructure development projects, and the demand for residential and commercial spaces. As construction activities expand, the demand for epoxy-based stone and tile adhesives and sealants is expected to witness substantial growth.

Source: DataM Intelligence Analysis (2023)

Stone and Tile Adhesives and Sealants Market Geographical Share

Rapid Urbanization and Construction Boom in Asia-Pacific

The Asia-Pacific has emerged as a prominent player in the global stone and tile adhesives and sealants market, experiencing robust growth in recent years. Stone and tile adhesives and sealants are essential materials used in the construction and renovation industries for bonding and sealing various types of tiles and stones. The Asia-Pacific has witnessed rapid urbanization and a construction boom, driving the demand for stone and tile adhesives and sealants. As per data from the Asian Development Bank, urbanization in Asia-Pacific is projected to increase from 48% in 2018 to 64% by 2050.

The urbanization trend has led to a surge in construction activities, including residential and commercial buildings, infrastructure projects, and public spaces, creating a substantial demand for stone and tile adhesives and sealants. Further, governments in the Asia-Pacific region are heavily investing in infrastructure development projects, including roads, bridges, airports, and railways.

For instance, China's Belt and Road Initiative, India's Smart Cities Mission, and various infrastructure plans in Southeast Asian countries have significantly boosted construction activities. The infrastructure investment has fueled the demand for stone and tile adhesives and sealants for various applications, such as tiling in transport hubs, flooring in commercial buildings, and decorative stone installations in public spaces.

Source: DataM Intelligence Analysis (2023)

Stone and Tile Adhesives and Sealants Market Competitive Players

The major global players include Carlisle, Amvic Building Systems, Atlas Roofing Corporation, Insulation Company of America, Jablite, ThermaFoam, LLC, Expol, Airfoam, Harbor Foam and Plasti-Fab Ltd

COVID-19 Impact On Stone and Tile Adhesives and Sealants Market Growth

COVID Impact

The global stone and tile adhesives and sealants market faced unprecedented challenges due to the outbreak of the COVID-19 pandemic. The construction and infrastructure sectors, which are major consumers of stone and tile adhesives and sealants, experienced disruptions and slowdowns as lockdown measures and social distancing protocols were implemented globally. The construction industry, a significant end-user of stone and tile adhesives and sealants, was severely impacted by the COVID-19 pandemic. Lockdowns, travel restrictions, and supply chain disruptions led to the suspension or delay of construction projects globally.

The economic uncertainties caused by the pandemic led to a decrease in consumer spending, affecting the demand for stone and tile adhesives and sealants in the residential and commercial sectors. With unemployment rates rising and income levels declining, consumers prioritized essential needs over renovation and remodeling projects. The Organization for Economic Cooperation and Development (OECD) reported a global decline in consumer spending by 6.8% in 2020. The respective decline had a direct impact on the demand for stone and tile adhesives and sealants as consumer-driven construction projects were put on hold.

Russia- Ukraine War Impact 

The ongoing conflict between Russia and Ukraine has had significant implications for various industries, including the stone and tile adhesives and sealants market. Stone and tile adhesives and sealants are essential materials used in construction and renovation projects, particularly for bonding and sealing stone, ceramic, and porcelain tiles.

The Russia-Ukraine war has resulted in disruptions to the supply chain of raw materials and chemicals used in the production of stone and tile adhesives and sealants. Ukraine is a significant producer and exporter of various minerals, including limestone, silica sand, and kaolin, which are essential ingredients in adhesives and sealants.

The geopolitical tensions between Russia and Ukraine have resulted in price volatility for key inputs in the stone and tile adhesives and sealants industry. Fluctuations in the prices of raw materials, transportation costs, and currency exchange rates have a direct impact on the overall cost of production and pricing of adhesives and sealants. The uncertainty surrounding the conflict has led to market instability, making it challenging for manufacturers to forecast and stabilize prices. Such volatility can affect the profitability of businesses in the industry and potentially increase prices for end-users.

By Type

• Epoxy
• Cementitious
• Vinyl Ester
• Poly Ester
• Others

By Application

• Ceramic Tiles
• Marble Tiles
• Mosaic
• Glass
• Natural Stones
• Agglomerated Stones
• Others

By Application

• Residential
• Commercial
• Industrial
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On June 21, 2023, Litokol SPA Italy and Tenax SPA Italy partnered with Pidilite industries for the development of adhesive and seleant solutions that find applications in marbile and granite.
• On March 15, 2022, ARDEX launched four new exterior tile and stone systems that offer long lasting durability for outdoor tile and stone installations.
• On December 7, 2021, American Sealants Inc was acquired by Meridian Adhesives Group and became a part of the company’s flooring, residential and commercial buildings solution segment.

Why Purchase the Report?

• To visualize the global stone and tile adhesives and sealants market segmentation based on type, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of stone and tile adhesives and sealants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global stone and tile adhesives and sealants market report would provide approximately 61 tables, 64 figures and 193 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Global Stone and Tile Adhesives and Sealants Market is segmented By Type (Epoxy, Cementitious, Vinyl Ester, Poly Ester, others), By Application (Ceramic Tiles, Marble Tiles, Mosaic, Glass, Natural Stones, Agglomerated Stones, others), By End User (Residential, Commercial, Industrial, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030