Sep 26, 2018 SOURCE: BusinessWire

Global Stone & Tile Adhesives & Sealants Market (2018-2023): The Rapidly Increasing Number of Residential Projects is Propelling Growth - ResearchAndMarkets.com

The "Global Stone and Tile Adhesives & Sealants Market - Segmented by Chemistry, End-user Industry, Application and Geography - Growth, Trends, and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The market for stone and tile adhesives & sealants is expected to register a moderate CAGR during the forecast period, 2018 to 2023.

This growth is primarily driven by the rapidly increasing number of residential projects and an increase in usage of ceramic and thin porcelain decorative tiles.

North America represented the largest regional market for global stone & tile adhesives & Sealants market in 2017. This immense demand for stone & tile adhesives & sealants is a consequence of the growing residential projects and an increase in adoption of various decorative & ceramic tiles in the region. In North America, the United States provides the major market for the stone & tile adhesives & sealants with more than 60% of the regional market share.

The growing government spending and increasing FDI's into construction segment in the countries like Canada and Mexico are further augmenting the demand for stone & tile adhesives & sealants market. There is a growing demand for construction of single-family houses in North America. Despite the slight reduction in residential construction spending in the United States in 2017, rapid growth in the residential construction sector is expected in the forecast period.

Key Highlights

Rapidly Increasing Number of Residential Projects is Driving Growth
Vinyl Ester Chemistry Segment to Contribute Significant Demand to the Market

Major Developments in the Market

Bostik (Arkema group) has announced its completion of the acquisition of the assets of XL Brands, a leader in floor covering adhesives in the United States.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles