Global Tile Grout Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Unsanded Grout, Finely Sanded Grout, Quarry-type Grout and Epoxy Grout.

By End User;

Residential, Commercial and Industrial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn649859798 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Tile Grout Market (USD Million), 2020 - 2030

In the year 2023, the Global Tile Grout Market was valued at USD 2,991.60 million. The size of this market is expected to increase to USD 4,679.55 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

The global tile grout market stands at the forefront of the construction industry, serving as a critical element in the installation and maintenance of tiled surfaces worldwide. Tile grout, a cementitious or epoxy-based material, plays a fundamental role in ensuring the stability, durability, and aesthetic appeal of tiled surfaces by filling the gaps between tiles and providing structural support. Its significance spans across various applications, including residential, commercial, and industrial sectors, where tiled surfaces are ubiquitous and essential for both functional and decorative purposes.

In recent years, the global tile grout market has experienced notable growth, driven by several key factors. Firstly, the continuous expansion of the construction sector, particularly in emerging economies undergoing rapid urbanization and infrastructural development, has significantly propelled market demand. With increasing populations flocking to urban centers, there is a heightened need for residential and commercial spaces, leading to a surge in construction activities and subsequent demand for tile grout.

Furthermore, the escalating trend of renovation and remodeling projects has further bolstered the market's growth trajectory. Homeowners, businesses, and property developers are increasingly investing in upgrading existing spaces, often entailing the installation or replacement of tiled surfaces. Tile grout plays a pivotal role in these renovation endeavors, offering a cost-effective solution to refresh and enhance the appearance of floors, walls, and other tiled surfaces. Additionally, advancements in grout formulations, such as improved durability, color options, and ease of application, have contributed to market expansion, attracting both consumers and professionals seeking high-quality tile installation materials tailored to their specific needs and preferences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Tiles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Construction Industry
        2. Increasing Renovation and Remodeling Activities
        3. Advancements in Grout Formulations and Technologies
        4. Rising Urbanization and Infrastructure Development
        5. Expanding Applications of Tiled Surfaces
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Intense Competition Among Market Players
        3. Regulatory Constraints and Standards
        4. Threats from Alternative Flooring Materials
      3. Opportunities
        1. Emerging Markets in Developing Economies
        2. Technological Innovations
        3. Growing Demand for Eco-Friendly
        4. Expansion into New Application Areas
        5. Strategic Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tiles Market, By Type, 2020 - 2030 (USD Million)
      1. Unsanded Grout
      2. Finely Sanded Grout
      3. Quarry-type Grout
      4. Epoxy Grout
    2. Global Tiles Market, By End-User, 2020 - 2030 (USD Million
      1. Residential
      2. Commercial
      3. Industrial
    3. Global Tiles Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
      4. Rest of Asia Pacific
        1. Middle East & Africa
        2. GCC
        3. Israel
        4. South Africa
        5. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Mapei Corporation
      2. Saint-Gobain Weber
      3. Bostik
      4. Ardex Group
      5. Laticrete International, Inc.
      6. BASF SE
      7. Custom Building Products
      8. Sika AG
      9. Parex Group
      10. H.B. Fuller Company
  7. Analyst Views
  8. Future Outlook of the Market

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