GCC Putty and White Cement Based Tile Adhesive Market Segmented By Type (Cementitious, Dispersible Polymer Powder), By Polymer Chemistry (Acrylic, Epoxy, Polyurethane, Others), By Usage Area (Internal, External, Dry and Wet Areas), By Application (Wall Tile, Floor Tile, Roof & Ceiling Tile), By Pack Size (Up to 20Kg, 20Kg-40Kg, 40Kg & Above), By End Use (Residential, Commercial, Institutional), By
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGCC Putty and White Cement Based Tile Adhesive Market Segmented By Type (Cementitious, Dispersible Polymer Powder), By Polymer Chemistry (Acrylic, Epoxy, Polyurethane, Others), By Usage Area (Internal, External, Dry and Wet Areas), By Application (Wall Tile, Floor Tile, Roof & Ceiling Tile), By Pack Size (Up to 20Kg, 20Kg-40Kg, 40Kg & Above), By End Use (Residential, Commercial, Institutional), By
GCC putty and white cement-based tile adhesive market are projected to grow at a significant rate in the projected period. Putty and white cement-based tile adhesive is a white color adhesive compound having an excellent adhesive property for filling gaps and fissures. When white cement shrinks after drying, a good combination of cement, sand, and water will be helpful for filling the gaps. It is a cementitious tile adhesive that is water-resistant when applied on the floor and wall for pasting tiles.
The rising number of high rises building in the region and the demand for decorative texture on walls in residential places are a factor propelling the demand for putty and white cement-based tile adhesive market. A growing number of pools in the region requires tile adhesive to make a barrier between the pool & ground, which holds water for a more extended period. Apart from these, the advantage of tiles over the paints, such as waterproofing and appealing visual, led to the increasing demand for putty and white cement-based tile adhesive. Moreover, the government's policy over construction and tourism is propelling the putty and white cement-based tile adhesive market.
Growing Number of Infrastructural Projects
Infrastructure investment is growing across the GCC nations, providing a favorable and optimal environment for foreign investment and collaborations. The migration in the region is upsurging due to increasing tourism, business, and job opportunity, leading to the demand for new buildings where they can stay and work. The development of significant projects like Neom city, the National Aquarium, the Dubai Expo 2020, and the FIFA World Cup 2022 in Qatar led to the demand for putty and white cement-based tile adhesive to develop different construction projects. All these projects need decoration and waterproofing while constructing pools, rooms, and other places to make the project sustainable for the long term. Moreover, the existing constructed building is expected to need putty and white cement-based tile adhesive as the region's temperature is high and damaging the existing structure.
Government of all six GCC countries are launching various infrastructural developmental master plans that will predominantly increase the number of commercial and residential facilities across the region and create opportunities for putty and white cement based tile adhesive players. For instance, Dubai’s 2040 mega-urban master plan will increase the potential market for local and international suppliers of adhesive and sealants as they will get involved at the envisioning stage of this master plan. This visionary master plan for Saudi Arabia, UAE, Qatar, and Kuwait will have immense opportunities to use adhesive and sealants.
Supportive Government Policies
Favorable government policies like Saudi vision 2030, UAE 2030, Qatar vision 2030, Kuwait vision 2035, and others are ambitious plans where a proper development blueprint is mentioned to propel market growth. In this period, various construction projects are planned to develop or developed, such as Yas Bay, Diriya Gate, National Aquarium, Beachfront, Qiddiya Entertainment City, Sea World; Expo 2020 are the projects where putty and white cement-based tile adhesive needed and expected to propel the market. It is used to paste tiles on walls and floors to make the structure safer and attractive and sustainable for a more extended period. Thus, it propels the demand for the putty and white cement-based tile adhesive market for the forecasted period.
Rising Gross National Income
GCC countries' gross national income increased significantly between 2011 and 2013, owing to the region's economic prosperity and immigration of expatriate workers from both Arab and Asian countries (such as Palestine, Egypt, Yemen, and Syria) (such as Bangladesh, India, Pakistan, the Philippines, the Republic of Korea, Sri Lanka and Thailand). This increased need for housing and other infrastructures, such as educational facilities, health facilities, hence contributing to the Middle East, GCC and North Africa construction sector growth and the demand for putty and white cement based tile adhesives. This is expected to contribute to the growth of the market.
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Market Segmentation
GCC putty and white cement-based tile adhesive market has been segmented based on type, polymer chemistry, usage area, application, pack size, and end use
Market Players
Sika AG, Terraco Group, Envirocon L.L.C., Bostik SA (Arkema), JK Cement Limited, Ultratech Cement (Aditya Birla Group), Asian Paints Limited, Saint-Gobain (Weber), Saudi Vetonit Co. Ltd. are the key players operating in the GCC Putty and White Cement Based Tile Adhesive market
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic
Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD
Million, Volume in Thousand Tonnes and CAGR for 2018-2021 and 2022-2028 |
|
Report coverage |
Revenue forecast, company
share, competitive landscape, growth factors, and trends |
|
Segments
covered |
·
Type ·
Polymer Chemistry ·
Usage Area ·
Application ·
Pack Size ·
End Use |
|
Regional
scope |
Saudi Arabia, UAE,
Qatar, Kuwait, Oman, Bahrain. |
|
Key companies
profiled |
Sika AG,
Terraco Group, Envirocon L.L.C.,
Bostik SA (Arkema), JK Cement Limited, Ultratech Cement (Aditya Birla Group),
Asian Paints Limited, Saint-Gobain (Weber), Saudi Vetonit Co. Ltd. |
|
Customization
scope |
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope. |
|
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purchase options |
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customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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