The global stone adhesive market size is set to gain momentum due to increasing usage in the construction industry. It is preferred due to its physical withstanding high adhesive strength, high temperature, and fixing at adverse conditions. The application of this product can be seen in a wide range such as ceramic, paper, drywall, plastic, plywood, and smooth stone surface. Fortune Business Insights™ mentioned this in a report titled, “Stone Adhesive Market, 2022-2029”.
Stone Adhesive comprises polyvinyl chloride also known as highly polymer-modified cementitious. It is white in colour in powder and liquid forms. It varies in size and patterns based on its application. It provides strength, durability, adhesiveness, and can withstand vibration and shock. It provides high heat, chemicals, and moisture resistance making it environment friendly as well. It is ideal for fixing all types of mermer and marble slabs on the interior and exterior surfaces of walls and floor.
COVID-19 Impact: Lockdown Led to Enhanced Packaging Machines, Increasing Demand in Market
Stone Adhesives are used mainly in the construction industry, COVID-19 pandemic halted the construction industry hence, breaking of various projects. Disturbance in supply chains also led to pausing of distribution of the products, leading to discontinuation of the demand of adhesives as well. As the recovery of the construction industry is being witnessed, demand in the stone adhesive market is expected to see similar recovery as well.
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Depending upon application, the market is divided into paper, plastic, ceramic, plywood, drywall, and smooth stone surface.
Based on grade, the market is divided into four types; food grade, industrial grade, chemical grade, and others.
On the basis of end-use, the market is divided into following types; residential, institutional, and commercial.
Geographically, the market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
This report consists analysis of this market that contains: –
- Insights about the product
- Overview of the market
- COVID-19 impact
- Opportunities, Drivers & restraints
- Industry developments and strategies adopted in the market
- Segmentation and regional insights of key regions
This analysis can change in the forecast period if the demand, working, and applications of the product.
Drivers & Restraints
Growth in Construction Industry to Drive Demand for Stone Adhesive
Construction industry is developing with rapid swiftness, stone adhesive being one of the major products to be used here. Properties such as physical stability at high adhesiveness, temperature, and doesn’t deteriorate over time making them the choice for construction industry.
Applications in the various industries and usage in wide applications is expected to rise the demand in stone adhesive market share.
On the other hand, unavailability of stone adhesive causes fluctuation in demand. Thus causing hampering the growth of the market.
Urbanization and Infrastructure Development to Broaden Demand in Asia Pacific
Asia Pacific is to witness considerable growth owing to rise in demand in the construction industry. In addition, countries like China and India witnessing urbanization and infrastructural development will propel stone adhesive market growth.
In North America, expanding demand from ceramics and plastic industry will contribute to rising demand for stone adhesive.
In Europe, the growth is owed to rising residential developments.
The Middle East & Africa is also expected to witness notable demand due to respective demand in drywall and plywood.
- May 2019: Reanacon launched its new tile and stone adhesive range. It is a thin set powder that has various applications using the thin-set method of installation, with high bond strength, easy to use, and economical.
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List of Key Players Present in the Market
- Samrock Chemicals Ltd. (India)
- Dubond Products Pvt. Ltd. (India)
- PERMA CONSTRUCTION AIDS PVT. LTD. (India)
- Pristine Mosaics (India)
- Ceramic Exporter (India)
- REDWOP CHEMICALS PVT. LTD. (India)
- LATICRETE International Inc. (U.S.)
- Dunlop (U.K.)
- BB Industries (U.S.)
- Terraco (UAE)
- Minar Trading Co. (UAE)
- Industria Chimica General (Italy)
- ARCAT Inc. (U.S.)
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