Increasing demand for high-performance, cost-effective, and eco-friendly building products is projected to escalate the ceramic adhesives market at a CAGR of 5.2%
Latest market study on "Global Ceramic Adhesives Market to 2027 - Analysis and Forecasts by Type (Cement-based, Epoxy, Acrylic, Others), By Applications (Building & Construction, Dental, Others), and Geography", The global ceramic adhesives market is accounted to US$ 6,344.0 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 9,931.8 Mn by 2027. The report includes key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
The global ceramic adhesives market, by type, has been segmented into cement-based, epoxy, acrylic, and others. The cement-based ceramic adhesives segment dominated the global ceramic adhesives market in 2018. Moreover, the epoxy segment is anticipated to grow at a faster pace over the projected period. Epoxy-based ceramic adhesives offer exceptional bonding strength and versatility in terms of doing it yourself (DIY) applications. Also, they show excellent resistance to chemical and physical influences and have long term stability, which is expected to drive the market in the forecast period.
Ceramic adhesives have excellent features such as strong mechanical strength and adhesion, abrasion-resistant, high-temperature stability, good durability and water resistance, convenient operation, etc. which makes them perfect for use in Tiling and flooring applications. There are various engineered formulations used for adhesion to ceramic materials, which include zirconium dioxide, silicon nitride, aluminum oxide, tungsten carbide, boron carbide, and other progressive technical ceramics. These diverse ceramic materials offer reliability, high performance, longevity, and durability, which helps in enabling the manufacturers to satisfy the adhesive needs for adhering to the ceramic surfaces. It doesn’t get affected by the exposure of hostile conditions like abrasion, high humidity, fatigue, stress, chemical attack, cooling, and heating, which is amongst the major factors driving the ceramic adhesives market. Also, the ceramic adhesives manufacturers are increasingly being involved in offering cost-effective and premium adhesive solutions to its customers, which is also acting as a major driving factor for the ceramic adhesives market.
The market for global ceramic adhesives is concentrated with some very well-established players. Some of the key players in the global ceramic adhesives market are 3M, Henkel, H.B Fuller, Ardex Group, BASF SE, Bostik, Kerakoll, Mapei Spa., Sika AG, Norcros Plc., and Saint-Gobain, among others.
Global Ceramic Adhesives Market - By Region Breakdown, 2018