Epoxy Grout Market Size, Share, Growth Analysis, By Type(Resin, Hardener, Aggregate), By Application(General, New Construction, Improvements and Repairs of Existing Construction, Sealant for Construction Industry Equipment), By End Use(Mining Industry, Water Conservancy Industry, Construction Industry), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2881 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 69

Epoxy Grout Market News

In March 2021, Pidilite Industries' domestic facade stone tile solutions brand Roff unveiled several projects to strengthen its presence in Kerala The company has introduced a range of premium products, including stone with various features such as plywood, metal and drywall included There are Master Fix Adhesives for tile and fixing, and Power Fix Adhesives are high strength flexible adhesives for bonding exterior stone and tile at any height.

May 2022: To help with specification and color-matching, Mapei has added 12 new colors to its Ultracolor Plus line, new lines of Kerapoxy Easy Design epoxy grout and partner Mapei Grout app. UltraColor, the company’s signature cementitious grout, is a flexible polymer-modified grout that dries quickly and is designed for use with interior and exterior wall and floor tiles.

September 2022: Trimurti, a leading manufacturer of insulation products, is ready to add its new range of tile grout, tile cleaner, epoxy grout, tile spacer and nozzle trowel to its known line of insulation products. The other in the middle is Trimurti. For the past 20 years, they have been at the forefront of manufacturing wall finishes and are now working to establish India as the global leader in insulation products.

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Global Epoxy Grout Market size was valued at USD 613.34 million in 2022 and is poised to grow from USD 632.87 million in 2023 to USD 872.97 million by 2031, growing at a CAGR of 4.00% in the forecast period (2024-2031).

The competitive environment of the global Epoxy Grout market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. '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)'

The market CAGR of epoxy grout is driven by its widespread use in various industries. Epoxy grout is used in a variety of industries including pharmaceutical, food processing, construction and mining industries. Epoxy grout is always in demand because of its durability, cleanliness and resistance to chemicals and bacteria while providing a good seal. The market for epoxy grout is growing mainly because of this product. Epoxy grout is highly chemical, abrasion and shock resistant. This makes it perfect for use in high-traffic or harsh chemical environments such as factories, food processing plants and swimming pools.

The global epoxy grout market is primarily influenced by increasing environmental and safety regulations. Major epoxy grout manufacturers focus on custom engineering solutions based entirely on industrial requirements. Increasing trend of high quality and environmentally friendly products, innovation and technological advancements are driving the growth of the global epoxy grout market.

With increasing technological advancements, Asia-Pacific dominates the global epoxy grout market in terms of market share and revenue. Furthermore, the entry of key market players is expected to boost the growth of the global epoxy grout market in this region. The Asia-Pacific is expected to grow at the fastest CAGR from 2024 to 2031. The Asia-Pacific region, the largest construction market in the world, is witnessing high urbanization, rising middle class income , and grows because of the population. Emerging Asia-Pacific economies such as China, India, Indonesia, Vietnam and the Philippines have witnessed significant growth in construction activity and strong economic growth is expected to accelerate the growth of the region’s home construction sector. Furthermore, while the market held the largest market share, the market in the Asia-Pacific region has the fastest growth rate.

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