Market Insights
Tile grout is a type of concrete that is used to fill gaps in tile. It is in a state of flux. This grout is made of sand, water, and cement and is used for a variety of tasks such as pressure grouting, joining precast concrete sections, sealing seams between tiles, embedding rebar in masonry walls, and filling voids. To fill the large spaces, tile grout is mixed with fine gravel, similar to the cores of concrete blocks. When compared to other structural pastes such as plaster or joint compound, grout performs and produces well. When properly mixed and applied, the grout mixture forms a watertight seal. This makes it water-resistant and prevents fading.
The tile grout market suffered as a result of the pandemic. The majority of manufacturing businesses experienced many issues on account of the lockdowns, including a lack of raw materials, supply chain disruptions, labour shortage, and other issues that caused a halt in production. Tile grout production was gravely impacted, reducing the market demand and temporarily halting the tile grout sector. However, the market for tile grout has grown more quickly since the lockdowns were lifted, owing to the rapid rise of chemical and material products.
The tile grout market is growing as a result of rising residential construction projects and increasing demand for attractive tiles. The growing number of housing developments being built around the world is expected to drive the demand for tile grouts. As a result of their growing populations, most developing countries are witnessing an increase in demand for jobs and affordable housing. As the number of housing projects increases, so will the demand for tile grout. Overall, the tile grout market is likely to grow at a promising CAGR of 6.8% in the long run to reach US$ 3.8 Billion in 2027.
Segment Anlaysis
Based on the type, the tile grout market is segmented as unsanded grout, finely sanded grout, quarry-type grout, and epoxy grout. Epoxy grout is expected to remain the largest and the fastest-growing type in the market during the forecast period due to its numerous uses and several advantages, such as strength, durability, high chemical resistance, making it extremely adaptable.
Based on the application type, the market is segmented as residential, commercial, and industrial. Residential is expected to remain the market's dominant application type during the forecast period due to government financing for housing projects, increasingly urbanising population, and robust economic growth. All of these factors contribute to an increase in the global demand for residential construction. Furthermore, there are more private and residential developments as a result of increased disposable income and a greater emphasis on aesthetic qualities.
In terms of regions, Asia-Pacific is expected to remain the largest market for tile grout during the forecast period owing to the growth of the building & construction industries and the presence of major manufacturers in this region. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the tile grout market:
- Bostik USA
- ParexGroup
- Sika AG
- Craft
- MAPEI S.P.A
- LATICRETE International, Inc
- FLEXTILE LTD.
- Krishna Colours and Constchem PVT LTD
- Building Adhesives Ltd
- ARDEX UK
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s tile grout market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The tile grout market is segmented into the following categories.
Tile Grout Market, by Type
- Unsanded Grout (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Finely Sanded Grout (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Quarry-Type Grout (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Epoxy Grout (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Tile Grout Market, by Application Type
- Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Tile Grout Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
