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The Epoxy Grout Market is driven by a number of market factors that jointly influence its growth and dynamics. This market expansion is underpinned by one key factor: growing construction and infrastructure development activities globally. Epoxy grout, which possesses high strength, a long-lasting nature, and resistance to chemicals and stains, among others, has become the preferred choice in many building applications. The epoxy grout market size was valued at USD 0.55 Billion in 2022. The projected CAGR for the Epoxy Grout industry from 2023 to 2032 is 7.00%; it will grow from $0.58 Billion to $1.01 Billion within the decade; while this might seem high, there are reasons for this increase, as will be expounded upon later on. Consequently, increased use of epoxy grout during renovation or remodeling of existing structures is another driver behind the expanding market. Epoxy grout, on its part, has emerged as an alternative flooring option for some time now since customers want products with a longer-lasting life cycle compared to traditional building materials such as tiles.
Strategic alliances and collaboration are some of the key factors that determine market share in the epoxy grout market. Companies often enter into partnerships with key stakeholders like builders, architects, and distributors. Collaborative exercises assist in streamlining supply chains to ensure consistent and reliable product distribution networks. In the epoxy grout market, customer centricity is becoming increasingly important. Understanding what clients want and giving them exactly what they want is vital for many businesses that want to remain competitive. By conducting market research, companies are able to find out what customers want and then develop products specifically targeted at such needs, for instance, epoxy grout.
Consequently, environmental sustainability has become a prevalent issue within the epoxy grout industry, leading to firms adopting eco-friendly positioning strategies. Informed about their ecological footprint, customers and environmental authorities seek construction materials that have low impacts on the environment. Some manufacturers in the epoxy grout industry are formulating low-volatile organic compounds (VOC) or using recycled matter recipes. By showing themselves as concerned about the environment, these firms capture part of the market composed of those that prioritize sustainable building practices, thereby increasing both their stake in this sector and a positive corporate image.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 0.58 Billion |
| Growth Rate | 6.28% (2024-2032) |
Epoxy Grout Market Highlights:
Global Epoxy Grout Market Overview
Epoxy Grout Market Size was valued at USD 0.58 Billion in 2023. The Epoxy Grout industry is projected to grow from USD 0.62 Billion in 2024 to USD 1.01 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.28% during the forecast period (2024 - 2032). The expanding residential building market in both developed and emerging nations are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Epoxy Grout Market Trends
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Growing use in different industries is driving the market growth
Market CAGR for epoxy grout is being driven by the rising use in different industries. Epoxy grout is utilized in various sectors, including the chemical, food processing, building, and mining industries. Due to its durability, hygiene, and resistance to chemicals and germs that provide good sealing, epoxy grout is in constant demand. The market for epoxy grout will rise mostly because of this factor. Highly resistant to chemicals, abrasion, and impact is epoxy grout. This makes it perfect for use in places with high traffic or harsh chemicals, such as factories, food-processing plants, and swimming pools. Since it is entirely waterproof, epoxy grout may be used in damp places like bathrooms and kitchens. Since epoxy grout is non-porous, it cannot absorb liquids like water. Because of this, it is an excellent option for usage in settings where cleanliness is crucial, such as hospitals and food processing plants. Because epoxy grout is colorfast, it won't fade or change color over time. This makes it an ideal option for applications like commercial flooring where a uniform color is sought. Because of its outstanding bonding, eco-friendly qualities, water resistance, and adhesive capabilities, epoxy grout is highly sought in the construction and building industry for walls, flooring, roofing, structural bonding, and other applications.
Due to several development drivers, including a rise in residential housing, increased demand for modular construction projects, housing projects, lodging projects, commercial buildings, and urbanization, the building and construction industry is significantly flourishing. Therefore, the expanding demand for epoxy grout in the building and construction industry would present several prospects for market expansion. Epoxy grout is incredibly durable, stain-resistant, lightweight, great for warehouses, has a nice aesthetic, and requires little upkeep. The characteristics above set epoxy grout apart from rival products. Epoxy grout is mostly used in industrial operations, building construction, and equipment protection. Epoxy grout is also offered in a wide range of colors and is utilized for color homogeneity. Epoxy grout is effective, durable, and doesn't shrink, break, or change color. It is perfect for use in moist places since it reacts less harshly to a chemical in cleaning solutions. Thus, driving the Epoxy Grout market revenue.
Epoxy Grout Market Segment Insights
Epoxy Grout Type Insights
The Epoxy Grout market segmentation, based on type, includes resin and hardener. The resin segment dominated the market, accounting for 63% of market revenue. Epoxy grout is incredibly durable, stain-resistant, lightweight, great for warehouses, has a nice aesthetic, and requires little upkeep. The characteristics above set epoxy grout apart from rival products. Epoxy grout is mostly used in industrial operations, building construction, and equipment protection. Epoxy grout is also offered in a wide range of colors and is utilized for color homogeneity. Epoxy grout is effective, durable, and doesn't shrink, break, or change color. It is perfect for use in moist places since it reacts less harshly to a chemical in cleaning solutions.
Epoxy Grout Application Insights
Based on application, the Epoxy Grout market segmentation includes residential, commercial, and industrial. The residential generated the most income. For the grout lines in showers, bathtubs, and worktops, epoxy grout is a fantastic option. It is also an excellent option for grout lines in moisture-resistant walls, such as shower walls and bathtub surrounds. For grout lines on floors, backsplashes, and countertops, epoxy grout is a suitable option. Additionally, it works well for grout lines on backsplashes and kitchen walls, subject to spills. For basement walls and flooring, epoxy grout is a fantastic option. Additionally, it works well for grout lines near sump pumps and drains in basements and other high-risk locations for flooding. For grout lines in the walls and flooring of crawlspaces, epoxy grout is an excellent option.
Figure 1: Epoxy Grout Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Epoxy Grout Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American, Epoxy Grout market will dominate this market; easy access to raw materials has created a wealth of options for using epoxy resin-based products across various end-use industries.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Japan, India, Spain, China, Australia, South Korea, and Brazil.
Figure 2: EPOXY GROUT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Epoxy Grout market accounts for the second-largest market share. These systems use durable and reliable epoxy-based components to save costs and boost performance. Additionally, expanding direct investments in infrastructure from governmental and non-governmental sources offer enormous prospects for market expansion. The food and beverage industry is expanding positively, paving the way for solutions like metal container coatings. Further, the German Epoxy Grout market held the largest market share, and The fastest-growing market in Europe was the one for epoxy grout in the UK.
The Asia-Pacific Epoxy Grout Market is expected to grow at the fastest CAGR from 2023 to 2032. The largest construction market in the world, the Asia-Pacific region, is expanding at a healthy rate due to urbanization, rising middle-class incomes, and population growth. Construction activity has seen a significant increase in the growing economies of the Asia-Pacific area, including China, India, Indonesia, Vietnam, and the Philippines. The strong economic performance is anticipated to accelerate the region's development of house-building activity. Moreover, China's Epoxy Grout market held the largest market share, and the Asia-Pacific region's Indian Epoxy Grout market has the quickest growth rate.
Epoxy Grout Key Market Players & Competitive Insights
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Epoxy Grout market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Epoxy Grout industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Epoxy Grout industry to serve clients and expand the market sector. The Epoxy Grout industry has provided some of the most important benefits recently. Major players in the Epoxy Grout market, including Roff., Euclid Chemical Company, and others, are attempting to increase market demand by investing in research and development operations.
One of India's top tile adhesive businesses is Roff, which comes from the Pidilite Industries Ltd. family. We are dedicated to offering their clients state-of-the-art tile and stone-repairing solutions. Technology-advanced Pidilite Roff products combine local knowledge with experience. To be at the forefront of our industry about their offers, they are dedicated to a continuous process of innovation and consistency. In March 2021, Leading tile and stone solutions company Roff, owned by Pidilite Industries, has announced several steps to increase its visibility in Kerala. The business has unveiled a full line of high-quality solutions, including Power Fix Adhesives and Master Fix Adhesives for fastening exterior tiles and stones at any height to various surfaces, including metal, plywood, and drywall. Roff has also introduced unique quartz technology-based, high-performance, two-component epoxy grouts for tile joints that are easy to clean and offered in various finishes.
The Euclid Chemical Company, with its headquarters in Cleveland, Ohio, has over a century of experience serving the building market as a manufacturer and supplier of specialty chemicals and technical support services for the concrete and masonry construction industry. Admixtures, fiber reinforcement, concrete repair solutions, flooring materials, ornamental concrete systems, and more are among the goods and technology offered by Euclid Chemical. In February 2020, The Euclid Chemical Company stated that their dust-limiting aggregate, DL Technology, utilized in Euclid Chemical's line of E3 epoxy grouts, has been granted a new patent. Researchers at Euclid Chemical created a unique method to improve worker safety by minimizing dust emitted into the environment when handling and mixing epoxy grout.
Key Companies in the Epoxy Grout market include.
- Arkema
- BASF SE
- MasterFlow
- Custom Building Products
- CEG-Lite, CEG-IG
- Sika Group
- Sikadur
- Five Star Products, Inc
- Building Adhesives Limited
- EASYPOXY AG
- Floor Epoxy
- ITW Engineered Polymers
- Asian Paints Limited
- Fabro India Industries
- LATICRETE International, Inc
- SPECTRALOCK PRO Grout, Flextile Ltd
- Rust-Oleum
- MAPEI S.p.A
Epoxy Grout Industry Developments
May 2022: To help with specification and color-matching, Mapei has added 12 new colors to its Ultracolor Plus line, a new line of epoxy grouts called Kerapoxy Easy Design and a companion Mapei Grout app.The 12 new Ultracolor Plus hues complement the current colors in the range and follow the most recent ceramic color trends. Ultracolor Plus, the company's signature cementitious grout, is a flexible polymer-modified grout that dries quickly and is intended for use with interior and outdoor wall and floor tiles.
September 2022: One of the most well-known makers of wall-care products, Trimurti, is getting ready to introduce its new Tile Grout, Tile Cleaner, Epoxy Grout, Tile Spacer, and Nozz Trowel products. One of the most well-known brands for producing wall-care products is Trimurti. For the past 20 years, they have led the way in developing wall-finishing goods, and they are currently working to establish India as the worldwide face of wall care products.
Epoxy Grout Market Segmentation:
Epoxy Grout Type Outlook
- Resin
- Hardener
Epoxy Grout Application Outlook
- Residential
- Commercial
- Industrial
Epoxy Grout Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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