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Epoxy Grout Market Size

The epoxy grout market is anticipated to experience significant growth, driven by increasing demand in the residential, industrial, and institutional sectors. The market's expansion is fueled by urbanization, government initiatives, and substantial investments in construction and infrastructure. Asia-Pacific, particularly China, Japan, and India, is expected to lead in market growth, with Europe also showing strong demand, especially in the residential and commercial sectors. The preference for epoxy grouts over other types due to their superior properties is contributing to the market's upward trajectory.

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Market Size of epoxy grout Industry

Epoxy Grout Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 0.81 Billion
svg icon Market Size (2030) USD 1.21 Billion
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 6.98 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

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

Key Players

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Epoxy Grout Market Analysis

The Epoxy Grout Market size is estimated at 0.81 billion USD in 2024, and is expected to reach 1.21 billion USD by 2030, growing at a CAGR of 6.98% during the forecast period (2024-2030).

0.81 Billion

Market Size in 2024 (USD)

1.21 Billion

Market Size in 2030 (USD)

4.08 %

CAGR (2018-2023)

6.98 %

CAGR (2024-2030)

Largest Market by End Use Sector

33.62 %

value share, Residential, 2023

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Due to the increasing usage of epoxy 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

7.68 %

Projected CAGR, Industrial and Institutional, 2024-2030

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With rising usage of epoxy grouts 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

48.19 %

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

8.29 %

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

18.01 %

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.

A rise in demand for affordable housing units is expected to drive the epoxy grout market

  • The global consumption of epoxy grouts saw a 2.49% growth in terms of value in 2022, driven by rising demand from the residential and infrastructure construction sectors. Epoxy grouts were projected to make up approximately 40.78% of the global anchors and grouts market in 2023.
  • In 2023, the residential sector was estimated to be the largest consumer of epoxy grouts globally. Factors such as urbanization, government initiatives, and investments, both domestic and foreign, are fueling the need for housing worldwide. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for around 25 million affordable housing units. As a result, the consumption of epoxy grouts in the residential sector is projected to rise by USD 135 million from 2023 to 2030.
  • The industrial and institutional sector of the global market is anticipated to exhibit the highest CAGR of 7.75% in terms of the consumption of epoxy grouts during the forecast period (2023-2030). Investments in new industrial buildings, like the projected USD 65 billion spending in the United States by 2026, are driving this growth. Additionally, the global industrial floor area is expected to rise by 3.09% in 2030, largely due to an uptick in warehousing needs. For instance, India's warehousing space is anticipated to reach 500 million sq. ft by 2030. As a result, the global consumption of epoxy grouts from the industrial and institutional sector is estimated to reach USD 249 million in 2030, up from USD 147 million in 2023.
Global Epoxy Grout Market

Owing to its huge and growing markets, such as China and India, Asia-Pacific may dominate the global epoxy grout market

  • In 2022, the global demand for epoxy grouts witnessed a USD 17.4 million surge compared to the previous year. This uptick can be attributed to their growing preference over other grout types, owing to their superior resistance to stains, water, and chemicals. Europe saw the most significant surge, with the demand for epoxy grouts rising by USD 12.5 million in 2022 compared to 2021. The commercial sector of the market was projected to drive an additional USD 10 million surge in demand for epoxy grouts in 2023.
  • Asia-Pacific, led by China, dominates the global epoxy grout market, accounting for 31% of the demand in 2022. Japan and India also played pivotal roles, collectively contributing to 18% of the regional demand in the same year. Notably, Japan is projected to witness the highest growth in demand, with a CAGR of 8.4% from 2023 to 2030.
  • Europe stands as the second-largest consumer of epoxy grouts globally. Germany, France, and the United Kingdom emerged as key players, collectively representing a 40% share of the regional demand in 2022. In Europe, the residential and commercial sectors drive over 60% of the grout demand. Italy is set to witness the most rapid growth in the region, with a projected CAGR of 6.23% during the forecast period.
  • Countries like Japan, China, South Korea, and India are expected to witness the highest growth rates in terms of the demand for epoxy grouts in Asia-Pacific. As a result, Asia-Pacific is projected to experience the swiftest surge in demand, with a CAGR of 8.35% in terms of value during the forecast period.

Epoxy 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 epoxy grouts saw a 2.49% growth in terms of value in 2022, driven by rising demand from the residential and infrastructure construction sectors. Epoxy grouts were projected to make up approximately 40.78% of the global anchors and grouts market in 2023.
  • In 2023, the residential sector was estimated to be the largest consumer of epoxy grouts globally. Factors such as urbanization, government initiatives, and investments, both domestic and foreign, are fueling the need for housing worldwide. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for around 25 million affordable housing units. As a result, the consumption of epoxy grouts in the residential sector is projected to rise by USD 135 million from 2023 to 2030.
  • The industrial and institutional sector of the global market is anticipated to exhibit the highest CAGR of 7.75% in terms of the consumption of epoxy grouts during the forecast period (2023-2030). Investments in new industrial buildings, like the projected USD 65 billion spending in the United States by 2026, are driving this growth. Additionally, the global industrial floor area is expected to rise by 3.09% in 2030, largely due to an uptick in warehousing needs. For instance, India's warehousing space is anticipated to reach 500 million sq. ft by 2030. As a result, the global consumption of epoxy grouts from the industrial and institutional sector is estimated to reach USD 249 million in 2030, up from USD 147 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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Epoxy Grout Market Size Summary

The epoxy grout market is experiencing significant growth, driven by increasing demand from the residential and infrastructure construction sectors. Urbanization, government initiatives, and foreign investments are key factors propelling the need for housing, particularly in regions like Asia-Pacific and Europe. The residential sector is the largest consumer of epoxy grouts, with substantial demand anticipated due to the need for affordable housing units. The industrial and institutional sectors are also expected to show robust growth, fueled by investments in new industrial buildings and an increase in warehousing needs. The preference for epoxy grouts over other types, due to their superior resistance to stains, water, and chemicals, is contributing to the market's expansion.

Regionally, Asia-Pacific leads the global epoxy grout market, with China, Japan, and India playing pivotal roles in driving demand. Europe follows as the second-largest consumer, with Germany, France, and the United Kingdom being key players. The commercial sector is also contributing to the market's growth, particularly in Europe, where there is a push for high-energy-efficient office buildings. The market is moderately consolidated, with major players like MAPEI S.p.A., MBCC Group, RPM International Inc., Saint-Gobain, and Sika AG holding significant shares. Recent acquisitions and investments by these companies aim to enhance production capacity and meet the growing demand in various regions.

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Epoxy 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

Epoxy Grout Market Size FAQs

The Global Epoxy Grout Market size is expected to reach USD 807.39 million in 2024 and grow at a CAGR of 6.98% to reach USD 1.21 billion by 2030.

In 2024, the Global Epoxy Grout Market size is expected to reach USD 807.39 million.

Epoxy Grout Market Report Snapshots

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