Epoxy Grout Market Outlook – 2028
Epoxy grout is a type of grout (dense fluid) that consists of two components i.e., epoxy resin and epoxy hardener. Epoxy grout is similar to cement grout and made when epoxy resins are mixed with filler powder. This grouting technique is preferred due to its durability, non-porous and stain-resistance nature. Epoxy grout is used to fill cracks on any surface or joints between tiles. Epoxy grout is exceptionally strong, stain-resistant, easy to handle, ideal for the warehouse, offers a good appearance, and has durable quality, with less maintenance. Aforementioned properties make epoxy grout a profoundly favored item over others. Epoxy grout are mainly utilized in the construction and buildings, industrial processes, and to protect the equipment. Epoxy grout is also available with all varieties of color, also used in color uniformity. Epoxy grout is efficient and robust that does not crack, shrink, or discolor. It is less reactive to a harsh chemical found in cleaning products making it ideal for applying in wet areas.
COVID-19 Impact analysis
- Owing to the outbreak of COVID-19, national and international transport has been hampered due to restrictions imposed by several governments. This has led to demand and supply disruptions for the global epoxy grout market.
- Use of epoxy grout in a variety of end-use industries such as warehouses, healthcare, construction, and retail houses are expected to lead the economics of the market to recover as soon as the industries start working post the COVID-19 period.
- Developing nations were strongly affected by the global pandemic, resulting in declining growth in the infrastructure and construction sector which affected the epoxy grout market as well.
Top Impacting Factors
Increasing population and rapid urbanization are driving the construction industry. This factor is expected to drive the growth of the global epoxy growth market during the forecast period. In addition, an increase in demand for durable, hygienic, and bacteria & chemical resistance grout products in various industries are also driving the global epoxy grout market. The advancement of technologies and constant product development lead to eco-friendly and high-quality products. However, fluctuating price of raw material is the restraining factor. Again, this process takes a long application time, high labor cost, allergic reaction during the application, and unavailability of inventory are some of the major concerns. These factors are anticipated to hamper the global epoxy grout market growth during the forecast period.
- The market in India, China, and Indonesia is increasing due to rapid urbanization and modernization this changing trend in turn is expected to increase the demand in the Asia-Pacific market.
- Latin America and the Middle East & Africa are developing regions where the construction industry is rapidly increasing leading to the growth in the global epoxy grout market.
- Development in interest in real estate and infrastructure, expansion in disposable cash flow, increase in the pattern of stylish buildings, and great quality of the ground flooring are driving the worldwide epoxy grout market.
- Government growing concerned toward product innovation and product developments including the significance of safety and environmental regulations, as well as customized techniques requirement are enforcing to market to grow.
Key Benefits of the Report
- This study presents the analytical depiction of the epoxy grout market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the epoxy grout market share.
- The current market is quantitatively analyzed to highlight the Epoxy Grout Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed epoxy grout market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the epoxy grout market report
- Who are the leading market players active in the epoxy grout market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Which government regulations might challenge the status of key regional markets?
- What are the key barriers to enter for the new players in the market?
- What value proposition should businesses aim at while making new research and development funding?
Epoxy Grout Market Report Highlights
By End-Use Industry
Key Market Players
Sika AG, Mapei Corporation, Pidilite Industries Ltd., Custom Building Products., Ardex GmbH, H.B. Fuller, BASF SE, Laticrete International Inc., Bostik SA, The Euclid Chemical Company