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Epoxy Tile Grout Market: Introduction

  • Tile grout is ready mixed flexible cement based powder, which fills the spaces between tiles, and provides stability and esthetic functions
  • Epoxy grout is renowned for high strength and chemical resistance, making it a versatile solution for a wide range of specialist applications. Unlike other grouts where regular cleaning is necessary, the non-porous nature of epoxy resin does not allow dirt, grime, or moisture to penetrate grout joints.
  • Some type of grout is used in all forms of tiles in order to fill and seal the seams between the tiles. Seams between tiles need to be adequately filled with a material that prevents moisture from seeping down to the underlayment. In order to maintain this water-proof quality, grout needs to be properly maintained—repaired when cracks form and periodically sealed to keep it waterproof.
  • Epoxy tile grouts are available in different colors that allow one to match or contrast with the color of tiles, unlike furan grouts

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Growth of Flooring Sector to Drive Epoxy Tile Grout Market

  • Flooring is an integral part of residential and commercial construction structures. Flooring holds significance in applications ranging from residential houses and commercial establishments (such as hospitals) to transportation infrastructure such as airports and railway stations.
  • Carpets and rugs, tiles, wood, and laminates are some of the key products used in the flooring sector. Tile is one of the widely used products in flooring applications.
  • Growth of the global flooring sector is projected to augment the consumption of epoxy tile grout during the forecast period. The flooring sector in North America and Europe is expected to expand at a steady pace in the near future, owing to stringent governmental regulations and saturation of the construction industry in these regions.
  • Countries in Asia Pacific are estimated to account for leading share of the global flooring sector, led by growth of economy, easy availability of resources, and wide industrial base in these countries. These factors, in turn, are anticipated to drive the demand for tiles, and thus boost the epoxy tile grout market in Asia Pacific during the forecast period.
  • Emerging nature of the flooring sector in Latin America and Middle East & Africa is also likely to boost the consumption of epoxy tile grout in these regions during the forecast period

Applications of Epoxy Tile Grout Market

  • Epoxy tile grout is a two-component epoxy resin based tintable grout specifically designed for use in vitrified tiles and stone joints where hygienic and sterile condition is needed. Epoxy tile grout is available in different shades, and can be matched with the color of the tiles.
  • Based on application, the epoxy tile grout market can be segmented into flooring, roofing, wall tiling, countertops, swimming pools, and others

Restraints of Epoxy Tile Grout Market

  • Epoxy grouts are available in unsanded and sanded forms, although the type of sand used is different from that found in cementitious grouts
  • Epoxy grouts are also much more expensive than cementitious grouts. However, epoxy grout is an excellent choice for areas where maximum stain resistance is required.
  • Epoxy tile grout can badly stain tile surfaces that are porous and unglazed, such as limestone or quarry tiles. These tiles should be sealed, if epoxy grout is used on them.

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Asia Pacific Expected to Hold Major Share of Global Epoxy Tile Grout Market

  • In terms of region, the global epoxy tile grout market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Low manufacturing cost, increasing disposable income, and rising construction activities in Asia Pacific are driving the epoxy tile grout market in the region. China held leading share of the market in the region in 2018, owing to presence of promising construction industry in the country. China, India, Vietnam, and Indonesia are key countries of the market in Asia Pacific.
  • Increase in construction activities and rise in exports to different countries are factors boosting the production of epoxy tile grout in Europe
  • Sale of epoxy tile grout is estimated to rise in GCC and various other economies in Middle East & Africa in the next few years

Key Players Operating in Global Epoxy Tile Grout Market

  • The global epoxy tile grout market is fragmented, with market players focusing on incorporating advanced technologies to gain higher market share. Online portals are used by various companies in order to sell their products.
  • Companies offer a complete portfolio of products and focus on different business strategies to strengthen their market position

Key players operating in the global epoxy tile grout market include:

  • Bostik Australia Pty Ltd
  • Saint-Gobain Weber
  • Sika AG
  • LATICRETE International, Inc.
  • MAPEI S.p.A.
  • Berger Paints India Ltd.
  • Asian Paints
  • Henkel, Polybit

Global Epoxy Tile Grout Market: Research Scope

Global Epoxy Tile Grout Market, by Substrate

  • Natural Stones
  • Ceramic Tiles
  • Porcelain Tiles
  • Others

Global Epoxy Tile Grout Market, by Application

  • Flooring
  • Roofing
  • Wall Tiling
  • Countertops
  • Swimming Pools
  • Others

Global Epoxy Tile 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
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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 Tile Grout Market