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Ceramic Adhesive Market Size
Ceramic Adhesive Market is projected to grow at a lucrative CAGR from 2024 to 2032, largely influenced by the booming demand for high-performance, cost-efficient, and eco-friendly construction materials. The expanding building and construction sector, particularly in emerging economies is driving the demand for ceramic adhesives.
The growing public investments and initiatives is making way for affordable housing solutions, commercial buildings, and public spaces to the increasing urban population. In developed regions, the consumption of ceramic adhesives will further grow due to increased consumer spending on home renovation activities. According to the Global Construction 2030 report, the worldwide construction output is estimated to surge by over 85% to $15.5 trillion by 2030, with China, the U.S., and India remaining primary contributors, collectively representing 57% of the overall global growth. This trend is estimated to benefit the ceramic adhesive demand in numerous applications in the construction sector. However, the rising environmental concerns related to volatile organic compound (VOC) emissions from certain adhesives may limit the market growth to some extent.
Ceramic Adhesive Market Trends
The increasing demand for ceramic adhesives in construction activities, particularly for tile installation, is another key trend driving the industry growth. To cite an instance, in September 2023, Hindware Limited, a leading building products company, expanded its product portfolio by entering the tile adhesive industry by launching five distinct SKUs in adhesives, covering a comprehensive range of tiles, including ceramic and elevation tiles.
In addition, the advancement in adhesive technologies is leading to the development of eco-friendly and sustainable ceramic adhesives. The surge in R&D activities to enhance adhesive performance and versatility along with the growing popularity of ceramic materials in electronics and automotive sectors will also escalate the product demand.
Ceramic Adhesive Market Analysis
Based on type, the cement-based ceramic adhesive industry is estimated to rise at notable pace through 2032. Due to their strong bonding properties and versatility, ceramic tiles are largely used in the construction sector. Cement-based adhesives also provide reliable adhesion for various ceramic applications. Factors like ease of application and durability will further enhance the appeal of cement-based ceramic adhesives for various purposes.
In terms of application, the ceramic adhesive market is poised to witness tremendous growth from the dental segment through 2032. According to the WHO, oral diseases affect more than 3.5 billion people annually. The rise in oral health problems due to lifestyle changes and old age is leading to increased dental consultations. For numerous dental problems, ceramic restorations are used as an alternative to ceramic-metal restorations as they are more aesthetic, biocompatible, and cost-effective. The dominance of specialty adhesive formulations will further drive the product usage.
Regionally, the North America ceramic adhesive market is slated to experience monumental growth between 2024 and 2032. The growing infrastructure development and an increased consumer spending on home renovation will push regional product consumption. The volume of home refurbishment activities is increasing in the region, backed by favorable government policies. The growing consumer preference for aesthetic home interiors, along with the rising demand across the dental sector, will positively impact regional industry share.
Ceramic Adhesive Market Share
Leading companies involved in the ceramic adhesive industry are continuously working on developing novel solutions to meet the growing end-user demands. They are also actively implementing partnership strategies like acquisitions and mergers to scale their revenue sales.
Some of the major ceramic adhesive companies are:
- 3M
- BASF
- Dunlop (DNA Limited, Frasers Group)
- Parson Adhesives
- Saint-Gobain Weber
- Permabond LLC
- Dural Industries
- Terraco, Mapei
- Bostik
- Henkel
- Kuraray
- Ivoclar Vivadent Inc.
Ceramic Adhesive Industry News:
- In March 2022, Bamburi Cement introduced its ready to use ‘Bamburi TectorCeram SETI 300’ product to the Kenyan market for the installation of porous tiles, including natural stone, ceramics, terracotta, and ceramic tiles.