Global Epoxy Grout Market, By Industries (Mining industry, Water conservancy industry and Construction industry), Application (General, New Construction, Improvements & Repairs of existing construction, Sealant for Industrial Equipment and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Epoxy Grout Market
The epoxy grout market is expected to witness market growth at a rate of 7.2% in the forecast period of 2021 to 2028 and is expected to reach USD 990.0 million by 2028. Data Bridge Market Research report on epoxy grout market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Epoxy grout is known to be a form of grout (particular fluid) containing of two components that is epoxy hardener and epoxy resin, which are completely formulated in order to attain a grout with the properties including stain-proof, waterproof and chemical resistance. Because of these qualities, epoxy grout is generally used to fill cracks on any surface or joints between tile units. Epoxy resin and epoxy hardener are utilized in epoxy grout in order to offer more bond strength to the tile, which is different from other grout such as emulsion grout or cement grout.
major factors that are expected to boost the growth of the of epoxy grout market in the forecast period are the rise in the need from several industries for clean, durable and chemicals & bacteria resisting products that provide proper sealing. Furthermore, the increase in the building and construction industry is further anticipated to propel the growth of the epoxy grout market. Moreover, the governments of several countries are concentrating on product innovation and product advancement such as more production of safe products which is further estimated to cushion the growth of the epoxy grout market. On the other hand, unsuitable tax law changes and the rise in raw material prices is further projected to impede the growth of the epoxy grout market in the timeline period.
- In addition, the growing volume of building alteration and conversion projects has improved the significance of efficient solutions for the refurbishment of existing flooring systems which will further provide potential opportunities for the growth of the epoxy grout market in the coming years. However, absence for storage space, advanced labour and material costs might further challenge the growth of the epoxy grout market in the near future.
This epoxy grout market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the epoxy grout market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Epoxy Grout Market Scope and Market Size
The epoxy grout market is segmented on the basis of industries and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of industries, the epoxy grout market is segmented into mining industry, water conservancy industry and construction industry. Construction industry is further sub segmented into residential, commercial, civic infrastructure.
- On the basis of application, the epoxy grout market is segmented general, new construction, improvements & repairs of existing construction, sealant for industrial equipment and others. General is further sub segmented into mixers, shredders, evaporators and others. Sealant for industrial equipment is further sub segmented into generators, engines, motors, blowers and others. Others is further sub segmented into crane rails, conveyors and others.
Epoxy Grout Market Country Level Analysis
The epoxy grout market is analyzed, and market size, volume information is provided by country, industries and application as referenced above.
The countries covered in the epoxy grout market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the epoxy grout market due to the rise in the industrialization. Furthermore, the occurrence of major key players will further boost the growth of the epoxy grout market in the region during the forecast period. Latin America is projected to observe significant amount of growth of the epoxy grout market due to the increase in the consumption of sealants in the construction industry. Moreover, the growing GCC and various other economies is further anticipated to propel the growth of the epoxy grout market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Epoxy Grout Market Share Analysis
The epoxy grout market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the epoxy grout market.
The major players covered in the epoxy grout market report are MAPEI S.p.A., Sika AG, LATICRETE International, Inc., ITW DYNATEC, GCP Applied Technologies Inc., Five Star Products, Inc., MB Solutions Australia Pty Ltd, The Euclid Chemical Company, Nanjing Duolong Bio-tech Co., Ltd., Bostik SA, Saint-Gobain, Berger Paints India Limited, Asian Paints Ltd, Henkel AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Epoxy Grout Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import-export and a grey area results data, literature review, consumer analysis, and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.