Market Size of epoxy grout Industry
| Icons | Lable | Value |
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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.
Understand The Key Trends Shaping This 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.
