Epoxy Grout Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 0.81 Billion |
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Market Size (2030) | USD 1.21 Billion |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 6.98 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
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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.
Global Epoxy Grout Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Epoxy Grout Industry Overview
The Epoxy Grout Market is moderately consolidated, with the top five companies occupying 51.94%. The major players in this market are MAPEI S.p.A., MBCC Group, RPM International Inc., Saint-Gobain and Sika AG (sorted alphabetically).
Epoxy Grout Market Leaders
MAPEI S.p.A.
MBCC Group
RPM International Inc.
Saint-Gobain
Sika AG
Other important companies include Ardex Group, Arkema, Don Construction Products Ltd., Five Star Products, Inc., LATICRETE International, Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Epoxy Grout Market News
- May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.
- February 2023: Master Builders Solutions, an MBCC Group brand, inaugurated a new offshore grout production plant in Taichung, Taiwan, in order to meet the ongoing demand of the offshore wind turbine market.
- November 2022: MAPEI invested in its German subsidiary, Sopro Bauchemie, which manufactures concrete admixtures, anchors & grouts, dry-mix mortars, and waterproofing solutions, to expand its production capacity and upgrade its research and development facilities.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Epoxy Grout Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Region
- 5.2.1 Asia-Pacific
- 5.2.1.1 By Country
- 5.2.1.1.1 Australia
- 5.2.1.1.2 China
- 5.2.1.1.3 India
- 5.2.1.1.4 Indonesia
- 5.2.1.1.5 Japan
- 5.2.1.1.6 Malaysia
- 5.2.1.1.7 South Korea
- 5.2.1.1.8 Thailand
- 5.2.1.1.9 Vietnam
- 5.2.1.1.10 Rest of Asia-Pacific
- 5.2.2 Europe
- 5.2.2.1 By Country
- 5.2.2.1.1 France
- 5.2.2.1.2 Germany
- 5.2.2.1.3 Italy
- 5.2.2.1.4 Russia
- 5.2.2.1.5 Spain
- 5.2.2.1.6 United Kingdom
- 5.2.2.1.7 Rest of Europe
- 5.2.3 Middle East and Africa
- 5.2.3.1 By Country
- 5.2.3.1.1 Saudi Arabia
- 5.2.3.1.2 United Arab Emirates
- 5.2.3.1.3 Rest of Middle East and Africa
- 5.2.4 North America
- 5.2.4.1 By Country
- 5.2.4.1.1 Canada
- 5.2.4.1.2 Mexico
- 5.2.4.1.3 United States
- 5.2.5 South America
- 5.2.5.1 By Country
- 5.2.5.1.1 Argentina
- 5.2.5.1.2 Brazil
- 5.2.5.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Ardex Group
- 6.4.2 Arkema
- 6.4.3 Don Construction Products Ltd.
- 6.4.4 Five Star Products, Inc.
- 6.4.5 LATICRETE International, Inc.
- 6.4.6 MAPEI S.p.A.
- 6.4.7 MBCC Group
- 6.4.8 RPM International Inc.
- 6.4.9 Saint-Gobain
- 6.4.10 Sika AG
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VALUE OF EPOXY GROUT CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 6:
- VALUE OF EPOXY GROUT CONSUMED BY END USE SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 7:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VALUE OF EPOXY GROUT CONSUMED IN COMMERCIAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 9:
- VALUE SHARE OF EPOXY GROUT CONSUMED IN COMMERCIAL SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 10:
- VALUE OF EPOXY GROUT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 11:
- VALUE SHARE OF EPOXY GROUT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 12:
- VALUE OF EPOXY GROUT CONSUMED IN INFRASTRUCTURE SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 13:
- VALUE SHARE OF EPOXY GROUT CONSUMED IN INFRASTRUCTURE SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 14:
- VALUE OF EPOXY GROUT CONSUMED IN RESIDENTIAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 15:
- VALUE SHARE OF EPOXY GROUT CONSUMED IN RESIDENTIAL SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 16:
- VALUE OF EPOXY GROUT CONSUMED BY REGION, USD, GLOBAL, 2018 - 2030
- Figure 17:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VALUE OF EPOXY GROUT CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 20:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, AUSTRALIA, 2018 - 2030
- Figure 21:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 22:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, CHINA, 2018 - 2030
- Figure 23:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 24:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 25:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 26:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, INDONESIA, 2018 - 2030
- Figure 27:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 28:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, JAPAN, 2018 - 2030
- Figure 29:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 30:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, MALAYSIA, 2018 - 2030
- Figure 31:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 32:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, SOUTH KOREA, 2018 - 2030
- Figure 33:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 34:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, THAILAND, 2018 - 2030
- Figure 35:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 36:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, VIETNAM, 2018 - 2030
- Figure 37:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 38:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 39:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 40:
- VALUE OF EPOXY GROUT CONSUMED BY COUNTRY, USD, EUROPE, 2018 - 2030
- Figure 41:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 42:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, FRANCE, 2018 - 2030
- Figure 43:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 44:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, GERMANY, 2018 - 2030
- Figure 45:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 46:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, ITALY, 2018 - 2030
- Figure 47:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 48:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, RUSSIA, 2018 - 2030
- Figure 49:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 50:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, SPAIN, 2018 - 2030
- Figure 51:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 52:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, UNITED KINGDOM, 2018 - 2030
- Figure 53:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 54:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, REST OF EUROPE, 2018 - 2030
- Figure 55:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 56:
- VALUE OF EPOXY GROUT CONSUMED BY COUNTRY, USD, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 57:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 58:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, SAUDI ARABIA, 2018 - 2030
- Figure 59:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 60:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 61:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 62:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 63:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 64:
- VALUE OF EPOXY GROUT CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2018 - 2030
- Figure 65:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 66:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, CANADA, 2018 - 2030
- Figure 67:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 68:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, MEXICO, 2018 - 2030
- Figure 69:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 70:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, UNITED STATES, 2018 - 2030
- Figure 71:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 72:
- VALUE OF EPOXY GROUT CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030
- Figure 73:
- VALUE SHARE OF EPOXY GROUT CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 74:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, ARGENTINA, 2018 - 2030
- Figure 75:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 76:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, BRAZIL, 2018 - 2030
- Figure 77:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 78:
- VALUE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED, USD, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 79:
- VALUE SHARE OF RESIN FIXING ANCHORS AND GROUTS CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 80:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 81:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 82:
- REVENUE SHARE OF RESIN FIXING ANCHORS AND GROUTS BY MAJOR PLAYERS, %, GLOBAL, 2022
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 | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- END-USE SECTOR - Epoxy grouts consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of epoxy grouts for various applications like tile installation and wall joints are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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