Market Overview

Market Research Future (MRFR), the Tile Grout Market value is registered as USD 2.2 billion and is expected to exhibit the  Tile Grout Market  of USD 3.8 billion with a lucrative CAGR of 6.8% during the forecast period 2021-2028. (Evaluation period). We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.

Growth Enhancers and Top Barriers

In the construction industry, tiling has become quite integral, especially given the increasing commercial and residential construction activities across the world. Tiling has significant applications in residential as well as commercial infrastructure such as hotels, hospitals. Tiling and therefore tiling grouts have become extremely prevalent across transportation infrastructure like railway stations and airports. Tiles along with rugs and carpets, laminates and wood has become a highly essential component in the construction industry worldwide, which can mean favorable growth prospects for the Tile Grout Market .

The escalating number of residential projects, in light of the expanding global population along with the rapidly expanding hospitality and tourism industry present lucrative opportunities to the renowned market firms around the world. Numerous emerging economies such as India and China are focusing extensively on catering to the rising employment demand as well as the accelerated demand for more affordable homes, as urbanization rate is soaring every year. In a nutshell, the promising boost in the number of housing construction projects can lead the Tile Grout Market  to greater heights between 2019 and 2025.

Tile grout refers to a material that is used to fill the gaps between tiles in order to create a solid, smooth surface. The global tile grout market is expected to witness significant growth in the coming years, owing to the increasing demand for aesthetic and durable flooring options in both residential and commercial construction.

Factors such as rising disposable incomes, growing urbanization, and the increasing demand for modern and stylish homes are expected to drive the demand for tile grout. In addition, the rise inconstruction activities, especially in emerging economies, is expected to fuel the demand for tile grout.

The tile grout market is segmented based on type, material, application, and geography. Based on type, the market is segmented into sanded grout and unsanded grout. Based on material, the market is segmented into cementitious grout, epoxy grout, and furan grout. Based on application, the market is segmented into residential and commercial.

Geographically, the tile grout market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to witness significant growth during the forecast period, owing to the increasing demand for tile grout in countries such as China and India, which are witnessing rapid urbanization and rising disposable incomes.

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Market Segmentation

The sika tile grout Market has been segmented based on type and application.

The types of tile grout can be finely sanded grout, unsanded grout, epoxy grout and quarry-type grout. As mentioned above, the highest growth was observed by the epoxy grout segment in 2018, and is also expected to procure the fastest expansion rate owing to its various applications along with benefits including high durability and strength.

Regional Study

The Tile Grout Market  growth is expected to be apparent across a few primary regions, namely Europe, South America, APAC/Asia Pacific, MEA/the Middle East & Africa as well as North America.

Since the year 2018, the APAC has remained the biggest gainer in the global market, with North America and Europe right behind. The growing construction sector in APAC along with the extensive presence of renowned manufacturers across China and India has resulted in a positive market outlook for tile grouts. Renowned firms are presented with lucrative opportunities as the region is observing a surge in commercial building construction, including offices and business complexes in light of the rising number of corporates. This can mean more success for the Tile Grout Market  in the region. The fast urbanization rate in India, China, and various emerging countries in the region also contributes to the market attractiveness.

Leading Industry Competitors

The leading competitors actively seeking a better position in the Tile Grout Market  are Krishna Colours and Constchem PVT LTD (India), Building Adhesives Ltd (UK), MAPEI S.p.A (Italy), FLEXTILE LTD. (Canada), LATICRETE International Inc (US), ARDEX UK (UK), Craft (India), Bostik USA (US), ParexGroup (Bangkok), Sika AG (Switzerland), to name a few.

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About Market Research Future -

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.

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 In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.

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