Growth in the modification and construction of buildings is likely to boost the demand for effective refurbishment solutions for existing flooring systems and drive the growth of the global epoxy grout market. Furthermore, epoxy grout is highly preferred for swimming pools, kitchen flooring in hospitals and bathrooms. Epoxy grout plays a vital role in industrial facilities, mainly in food processing and chemicals plants such as bottling plants, textile, breweries, dairies, and metal finishing due to its high resistance to alkaline and acidic products, as well as solvents and grease.
Data Bridge Market Research analyses that the Epoxy Grout Market was valued at USD 36.32 billion in 2021 and is expected to reach USD 54.15 billion by 2029, registering a CAGR of 5.12 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Global Epoxy Grout Market Scope
The epoxy grout market is segmented on the basis of type, industries and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Resin
- Hardener
- Aggregate
Industries
- Mining industry
- Water conservancy industry
- Construction industry
Application
- General
- New Construction
- Improvements Repairs of existing construction
- Sealant for Industrial Equipment
- Others
Market Definition
Epoxy Grout is made by two components: filler powder and epoxy resin, which are formulated to get a grout with properties including waterproof, stain-proof, and chemical resistance. It is generally used to fill cracks on any surface or joints such as vitrified tiles, ceramic tiles and stone. Epoxy grout is very durable, waterproof, stain proof and chemical resistant. Epoxy resin and epoxy hardener are used in epoxy grout to deliver more bond strength to the tile, which is completely different from other grout such as cement grout or emulsion grout.
Global Epoxy Grout Market Dynamics
Drivers
- High usage of epoxy grout in several industries
The epoxy grout is used in several industries such as chemical, food processing, construction, mining, etc. The demand for the epoxy grout continuously increases due to their properties such as durable, hygienic, and chemicals and bacteria resisting properties that offer proper sealing. This factor will act as the major driver for the growth of epoxy grout market.
- Rising demand for environment-friendly product
The epoxy grout market is mainly influenced by increased environmental safety regulations. The major manufacturers of epoxy grout are focusing on the growth of the customized technical solutions which completely based on the industrial requirements. Increase in trend of high-quality and environment-friendly products, new product reformulation and advancements in technologies are boosting the growth of the epoxy grout market.
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Competitive Landscape and Epoxy Grout Market Share Analysis
The epoxy grout market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to epoxy grout market.
Some of the major players operating in the epoxy grout market are:
- Sika AG (Switzerland)
- LATICRETE International, Inc. (U.S.)
- Five Star Products, Inc. (U.S.)
- Hexion (U.S.)
- Atul Ltd (India)
- New Japan Chemical Co. Ltd. (Japan)
- Aditya Birla Chemicals (India)
- Kukdo Chemicals Co. Ltd. (South Korea)
- Anhui Xinyuan Chemical Co. Ltd.(China)
- SIR Industriale (Italy)
- The Euclid Chemical Company (U.S.)
- Bostik (U.S.),
- Saint-Gobain (France)
- Henkel AG (Germany)
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
And More...
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