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Cementitious Grout Market Size

The cementitious grout market is experiencing growth driven by increasing demand from the residential and commercial construction sectors. The market size is expanding as urbanization, government initiatives, and investments in housing contribute to rising consumption. The industrial and institutional sectors are anticipated to be the fastest-growing consumers, with significant investments in new industrial buildings boosting demand. Asia-Pacific leads in market size, with China being a major contributor, while Europe follows closely. The market's expansion is supported by the growth rates in countries like Japan, China, and South Korea, which are expected to drive the fastest growth in demand.

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Market Size of cementitious grout Industry

Cementitious Grout Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 582.60 Million
svg icon Market Size (2030) USD 824.22 Million
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 5.95 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Cementitious Grout Market Analysis

The Cementitious Grout Market size is estimated at 582.60 million USD in 2024, and is expected to reach 824.22 million USD by 2030, growing at a CAGR of 5.95% during the forecast period (2024-2030).

582.60 Million

Market Size in 2024 (USD)

824.22 Million

Market Size in 2030 (USD)

3.62 %

CAGR (2018-2023)

5.95 %

CAGR (2024-2030)

Largest Market by End Use Sector

38.07 %

value share, Residential, 2023

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Due to the increasing usage of cementitious grouts for applications, such as flooring, tiled walls, tile joints, etc., to build high-quality and attractive homes, apartments, etc., the residential sector holds the largest share.

Fastest Market by End Use Sector

6.71 %

Projected CAGR, Industrial and Institutional, 2024-2030

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With the rising usage of cementitious grout in applications like machine foundations and bedding for the construction of automobiles, oil & gas, food industries, etc., the sector is expected to become the fastest growing in the market.

Largest Market by Region

49.62 %

value share, Asia-Pacific, 2023

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Asia-Pacific dominated the market due to the growing industrial construction activities in the region and the increasing demand for cementitious grout in countries like China, India, Japan, and South Korea.

Fastest Market by Region

6.99 %

Projected CAGR, Asia-Pacific, 2024-2030

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Owing to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization, Asia-Pacific is expected to witness the fastest growth.

Leading Company

12.63 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Rise in demand for housing units to drive the demand for cementitious grout

  • The global consumption of cementitious grout, driven by rising demand from the residential and commercial construction sectors, grew by 1.90% in value in 2022 compared to the previous year. This growth trajectory was expected to continue in 2023, with a projected increase of 5.29%.
  • In 2023, the residential sector emerged as the dominant consumer, accounting for approximately 38.07% of cementitious grout usage. Factors such as global urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing. For instance, by 2030, more than 40% of the Indian population is expected to live in urban India, creating a demand for around 25 million additional affordable housing units. As a result, the global cementitious grout for the sector is projected to increase by USD 90.35 million in 2030 compared to 2023.
  • The industrial and institutional sector is expected to be the fastest-growing consumer of cementitious grout, recording the highest CAGR of 6.75% during the forecast period. Investments in new industrial buildings are expected to boost industrial growth. For instance, construction spending in new industrial buildings in the United States is projected to reach USD 47.59 billion by 2026. The industrial new floor area across the globe is projected to increase by 3.09% in 2030 over 2023, owing to an increase in warehousing space. For instance, the Indian warehousing space is likely to reach around 500 million sq. ft by 2030. As a result, the global cementitious grout for the sector is projected to reach USD 181 million in 2030 from USD 114 million in 2023.
Global Cementitious Grout Market

Asia-Pacific is expected to lead the growth of the cementitious grout market

  • The global demand for cementitious grout grew by USD 9.8 million in 2022 over 2021. The highest increase in demand in that year was observed in Europe, primarily because of Italy, where a growth of nearly 20% occurred over the previous year. North America was expected to overtake Europe in terms of global demand growth by a nearly 6.36% increase in 2023 compared to 2022.
  • Asia-Pacific is the world's largest consumer of cementitious grout, primarily owing to China, which accounted for 32% of the global demand in 2022. Other significant countries for the market in the region are Japan and India, collectively accounting for nearly 18% of the total demand in the region in 2022. Japan is poised to witness the highest growth in demand in the region, recording a CAGR of 7.83% during the forecast period.
  • Europe is the second-largest consumer of cementitious grout in the world. Germany, France, and the United Kingdom are the most significant countries for the cementitious grout market in the region. Together, they held a share of 40% of the total demand in Europe in 2022. The residential and commercial end-use sectors consume more than 60% of the demand in the region. The demand in Italy is poised to grow the fastest in the region, recording a CAGR of 5.96% during the forecast period.
  • Owing to the presence of countries like Japan, China, and South Korea, which have the highest growth rates in the world for the demand for cementitious grout due to their industrial & institutional and commercial sectors, Asia-Pacific is projected to record the fastest growth in demand for cementitious grout. The region is expected to record a CAGR of 7% during the forecast period (2023-2030).

Cementitious Grout Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • The global consumption of cementitious grout, driven by rising demand from the residential and commercial construction sectors, grew by 1.90% in value in 2022 compared to the previous year. This growth trajectory was expected to continue in 2023, with a projected increase of 5.29%.
  • In 2023, the residential sector emerged as the dominant consumer, accounting for approximately 38.07% of cementitious grout usage. Factors such as global urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing. For instance, by 2030, more than 40% of the Indian population is expected to live in urban India, creating a demand for around 25 million additional affordable housing units. As a result, the global cementitious grout for the sector is projected to increase by USD 90.35 million in 2030 compared to 2023.
  • The industrial and institutional sector is expected to be the fastest-growing consumer of cementitious grout, recording the highest CAGR of 6.75% during the forecast period. Investments in new industrial buildings are expected to boost industrial growth. For instance, construction spending in new industrial buildings in the United States is projected to reach USD 47.59 billion by 2026. The industrial new floor area across the globe is projected to increase by 3.09% in 2030 over 2023, owing to an increase in warehousing space. For instance, the Indian warehousing space is likely to reach around 500 million sq. ft by 2030. As a result, the global cementitious grout for the sector is projected to reach USD 181 million in 2030 from USD 114 million in 2023.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Region
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East and Africa
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Cementitious Grout Market Size Summary

The cementitious grout market is poised for significant growth, driven by increasing demand from the residential and commercial construction sectors. The market is experiencing a robust expansion, with the residential sector currently leading in consumption. This growth is largely attributed to global urbanization, government initiatives, and substantial investments in housing. The industrial and institutional sectors are also expected to see rapid growth, fueled by investments in new industrial buildings and increased warehousing space. The Asia-Pacific region, particularly China, Japan, and India, is the largest consumer of cementitious grout, with Japan anticipated to witness the highest growth in demand within the region. Europe follows as the second-largest consumer, with countries like Germany, France, and the United Kingdom contributing significantly to the market demand.

The global market for cementitious grout is characterized by a fragmented landscape, with major players such as MAPEI S.p.A., MBCC Group, RPM International Inc., Saint-Gobain, and Sika AG holding substantial market shares. Recent strategic moves, such as Sika's acquisition of the MBCC Group, highlight the ongoing consolidation and expansion efforts within the industry. The market's growth trajectory is supported by the recovery from the COVID-19 pandemic, which had previously caused delays and cancellations in construction projects. As construction activities resume and new projects are initiated, the demand for cementitious grout is expected to rise, particularly in regions like Asia-Pacific, where commercial construction is set to expand significantly.

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Cementitious Grout Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Region

      1. 1.2.1 Asia-Pacific

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Australia

          2. 1.2.1.1.2 China

          3. 1.2.1.1.3 India

          4. 1.2.1.1.4 Indonesia

          5. 1.2.1.1.5 Japan

          6. 1.2.1.1.6 Malaysia

          7. 1.2.1.1.7 South Korea

          8. 1.2.1.1.8 Thailand

          9. 1.2.1.1.9 Vietnam

          10. 1.2.1.1.10 Rest of Asia-Pacific

      2. 1.2.2 Europe

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 France

          2. 1.2.2.1.2 Germany

          3. 1.2.2.1.3 Italy

          4. 1.2.2.1.4 Russia

          5. 1.2.2.1.5 Spain

          6. 1.2.2.1.6 United Kingdom

          7. 1.2.2.1.7 Rest of Europe

      3. 1.2.3 Middle East and Africa

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 Saudi Arabia

          2. 1.2.3.1.2 United Arab Emirates

          3. 1.2.3.1.3 Rest of Middle East and Africa

      4. 1.2.4 North America

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Canada

          2. 1.2.4.1.2 Mexico

          3. 1.2.4.1.3 United States

      5. 1.2.5 South America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Argentina

          2. 1.2.5.1.2 Brazil

          3. 1.2.5.1.3 Rest of South America

Cementitious Grout Market Size FAQs

The Global Cementitious Grout Market size is expected to reach USD 582.60 million in 2024 and grow at a CAGR of 5.95% to reach USD 824.22 million by 2030.

In 2024, the Global Cementitious Grout Market size is expected to reach USD 582.60 million.

Cementitious Grout Market Report Snapshots

Cementitious Grout Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030