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Global Epoxy Grout Market: Introduction

  • Epoxy grout is a type of sealant that comprises two key components: epoxy resin and filler powder. It is different from conventional cement-based grout or emulsion grout. Epoxy grout is more durable, extremely hard, water proof, chemical resistant, and stain proof.
  • Epoxy grout is primarily used to fill tile joints and surface cracks. It contains resin and epoxy hardener, which provides higher bond strength to the tile. The combination of resin and hardener creates stronger epoxy grout with higher durability.
  • Epoxy grout is available in a wide range of colors. It is widely used for color uniformity. It also provides protection to different equipment in various industrial processes.
  • Epoxy grout is easy to clean, highly durable, suitable for warehouses, offers glossy appearance, and requires less maintenance. Epoxy grout is preferred over conventional grout due to its beneficial properties.

Rise in Construction Activities to Drive Global Epoxy Grout Market

  • Increase in urbanization and constant growth in population are driving the global building & construction industry. Expansion in the infrastructure industry is boosting the demand for construction materials such as epoxy grouts.
  • Growth in investment in real estate and infrastructure, increase in disposable income, rise in trend of esthetic buildings, and good quality of flooring are driving the global epoxy grout market
  • Increase in demand for durable, hygienic, and bacteria & chemical resistant sealant products across various industries is also drives the global epoxy grout market
  • Rise in trend of environment-friendly and high-quality products, advancements in technologies, and new product reformulation are boosting the epoxy grout market
  • The epoxy grout market is influenced by the rise in environment safety regulations. Leading manufacturers are focusing on the development of customized technical solutions based on the industrial requirements.
  • Volatility in raw material prices, long application process, higher labor cost, allergic reactions during application, and unavailability for storage space are the key restraints of the global epoxy grout market

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Resin Product Segment to Witness Lucrative Opportunities

  • Based on product, the global epoxy grout market can be segmented into resin, hardener, and aggregate
  • The resin segment is anticipated to account for prominent share of the market during the forecast period. It is estimated to be followed by the aggregates segment.
  • Growth in the construction and modification of buildings is driving the demand for efficient refurbishment solutions for existing flooring systems. This is driving the global epoxy grout market.

Construction Segment to Offer Lucrative Opportunities

  • Based on end-use industry, the global epoxy grout market can be segmented into mining, water conservancy, and construction
  • The construction segment is anticipated to constitute prominent share of the market during the forecast period
  • Rise in construction activities is anticipated to boost the global epoxy grout during the forecast period. Increase in investment in real estate and infrastructure and growth in disposable income are key factors estimated to boost the market in the near future.

Asia Pacific to Offer Lucrative Opportunities to Epoxy Grout Market

  • In terms of region, the global epoxy grout market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is anticipated to dominate the market in the near future. This trend is projected to remain the same during the forecast period. The market in China, India, and Indonesia is estimated to expand at a rapid pace during the forecast period. Rise in industrialization and growth in infrastructure are key factors driving the market in Asia Pacific.
  • Latin America and Middle East & Africa are emerging regions of the global epoxy grout market due to the rise in demand for sealants in end-use industries such as construction

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Key Players Operating in Global Market

The global epoxy grout market is fragmented, with the presence of several regional and global manufacturers. Prominent players operating in the market are investing in mergers, acquisitions, expansion, and new product launches in order to maintain their dominant position.

Key players operating in the global epoxy grout market are:

  • Mapei
  • Sika
  • Laticrete
  • ITW Engineered Polymers
  • GCP Applied Technologies
  • Five Star Products
  • Master Builders Solutions
  • Euclid Chemical

Global Epoxy Grout Market: Research Scope

Global Epoxy Grout Market, by Product

  • Resin
  • Hardener
  • Aggregate

 Global Epoxy Grout Market, by End-use Industry

  • Mining
  • Water Conservancy
  • Construction

Global Epoxy Grout Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Epoxy Grout Market

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