Tile Grout Market

Tile Grout Market Size, Share, Trends, Growth, and Industry Analysis, By Type (Unsanded Grout, Finely Sanded Grout, Quarry-Type Grout, and Epoxy Grout), by Application Type (Residential, Commercial, and Industrial), Regional Analysis and Forecast 2032.

Chemical & Material | November 2024 | Report ID: EMR001079 | Pages: 259

Tile Grout Market Trend

Global Tile Grout Market size was USD 2.68 billion in 2023 and the market is projected to touch USD 4.01 billion by 2032, at a CAGR of 5.17% during the forecast period.

 

Tile grout has multiple important functions: prevents tiles from moving from their locations, prevents water from running underneath them, and supports the prevention of mold and mildew from growing on the surface. Grouts come in cement-based, epoxy, or urethane types for specific application purposes, given the requirement of different types of projects, such as residential, commercial, or industrial usage.

In recent times, the demand for tile grout has been prompted by the growing construction and renovation activities worldwide. The amount of investment in home improvements and commercial spaces has upped the demand for robust, high-quality tile grout. In addition, demands for eco-friendly building material and technologies have further supported the development of sustainable options for grout. The market would tend to grow steadily due to factors such as urbanization, rising disposable incomes, and an increasing demand for aesthetically pleasing interior designs. Manufacturers will emphasize innovation, offering varieties in colors and finishes based on consumer preferences, expanding market reach.

 

Tile Grout Report Scope and Segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 2.68 Billion

Projected Market Value (2032)

USD 4.01 Billion

Base Year

2023

Historical Year

2018-2022

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Type, By Application, & Region.

Segments Covered

By Type, By Application, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Dynamic Insights

Most critical drivers of the market will be in the form of increased activities that include construction and renovation at both local and global levels with urbanization and rising incomes. Homeowners and other businesses are spending on stylish interiors, which increases their demand for high-quality grout. Hygiene standards and safety standards are other reasons why grout will be preferred as it resists moisture accumulation and causes no mold growth.

However, challenges are also prevalent in the market. Raw material price fluctuations affect production cost and, in turn, the pricing of the manufacturers. Another challenge is the availability of substitute products like adhesives and self-leveling compounds, which will impact the traditional grout market. Despite these challenges, major scope for growth exists in the development of more ecologically friendly and sustainable grout options, responding to growth in demand for environmentally responsible products. Technological advancements in the form of ready-to-use grouts and innovation in formulation are also playing their role in guiding the market toward increased convenience and performance.

 

Drivers Insights

  • Growing Construction and Renovation Activities

With increased urbanization and population growth, construction and renovation projects have multiplied all over the world. With cities expanding and infrastructure development, there is a high demand for residential and commercial spaces, which leads to the need for tile installation. Tile grout plays a crucial role in these projects by ensuring the integrity and longevity of tiled surfaces. Homeowners and businesses are doing their best to invest in modern aesthetics, which makes the market attractive for quality grout products. The trend is especially prominent in developing areas where high urban living standards prompt renovation or new builds.

  • Emphasis on Hygiene and Safety

With heightened awareness of health and hygiene, particularly in the wake of the COVID-19 pandemic, there is an increased demand for materials that enhance cleanliness in living and working environments. Tile grout prevents moisture accumulation, a factor that can lead to mold and mildew growth. Consumers are opting for grout solutions that offer antimicrobial properties, ensuring safer, healthier spaces. This shift is influencing product development, with manufacturers focusing on innovative formulations that incorporate these properties, thus expanding their market presence and catering to the evolving needs of health-conscious consumers.

 

Restraints Insights

  • Volatility in Raw Material Prices

The tile grout market is susceptible to raw material price fluctuations coming from cement, polymers, and additives. This variability directly impacts the cost of production, which translates into a pricing challenge for manufacturers. If raw material prices surge unexpectedly, this may make companies either suffer from low profitability or pass on the costs to the consumers, which may then affect demand. Additionally, long-term instability in prices poses strong barriers to long-term planning or investment in product development-a challenge very substantial for market players in trying to maintain competitive pricing.

  • Competition from Alternative Products

The tile grout market faces increasing competition from alternative flooring solutions, such as adhesives, self-leveling compounds, and various types of vinyl and laminate flooring. These substitutes often require less maintenance and installation time, appealing to cost-conscious consumers looking for efficient and durable solutions. As these alternatives gain popularity, traditional grout products may see reduced demand, particularly in price-sensitive markets. This shift poses a challenge for grout manufacturers, necessitating innovation and differentiation to retain their market share.

 

Opportunities Insights

  • Development of Eco-Friendly Products

An increasing concern from the environmental awareness among the consumers gives the manufacturer the chance to innovate with the aim of offering greener grout options. Eco-friendly sustainable material, low VOC products, and recyclable packages appeal to the segment interested in ecological values. With investment in green technology and emphasis on the sustainability of products, companies will meet the consumer demand as well as have an opportunity for differentiation in the highly competitive market landscape. This is consistent with the broader environment and is, therefore, likely to be celebrated by consumers who wish to engage in responsible buying.

 

Segment Analysis

  • By Type

The tile grout market is divided into several different types, each suited for various applications and preferences. Unsanded grout contains fine sand particles that do not fill the grout line too much. It is often used in narrow lines with a smooth finish or applied easily. Perfect for wall tiles and even the most delicate surfaces. Fine sanded grout is filled with fine sands and provides increased strength. It is stronger than unsanded in more substantial joints in a floor tile. Quarry grout is one that contains high density and hence its usage in heavy-duty applications where resistance to wear and tear is required. Last but not the least is epoxy grout, which belongs to the high-performance group. It is water resistant and chemical resistant. Therefore, it has more usage in wet places as well as harsh weather conditions.

  • By Application

In tile grout, application type can be divided into three, specifically residential, commercial, and industrial. Since requirements or demands are varied depending upon the application, so with the differences of needs end-users have in making each product unique. With regards to residential applications, for instance, the usage includes a kitchen, a bathroom, and living rooms with regard to tile grouts wherein the primary considerations for homeowners are aesthetics and resistance from water. A tile looks appealing but at the same time, is robust, has durability, and less messy. The commercial application would be on offices, restaurants, and retail stores with high foot traffic. These spaces require more robust and resilient grout options. Here, functionality usually wins the day as businesses would want grout that could withstand frequent use but maintain an appealing appearance. Lastly, the industrial application would include manufacturing plants, warehouses, and other heavy-duty applications. Industrial grout will need to be extremely strong and chemical-resistant, with abrasion resistance in keeping with these demanding environments.

 

Regional Analysis

The market share in North America is the highest because the construction industry is strong and home renovation is high. High demand for superior aesthetic interior for residential and commercial applications drives the tile grout products market growth. In addition, this region's shift towards greener building materials has inspired manufacturers to innovate and provide even greener grout.

The next region with a history is Europe, where tiles were used in architecture and designs. This region requires environmentally sensitive high-performance grouts. The reason is because more people are becoming aware of the environment. The leaders in this market have been Germany, France, and Italy, known for quality and designs in their construction projects. In fact, Asia-Pacific is the fast-growing market, driven by rapid urbanization and soaring disposable incomes, massive investment in infrastructural development. Countries such as China and India have seen a spate of construction, driving up tile and tile grout demands, respectively. The more middle class it is translated into house improvement and renovation expenditure which enhances the market even more.

 

Competitive Landscape

Market majors have dominated the market share on account of having larger portfolio of products, excellent brands, and wider networks across the distribution channel. A large number of such international players are developing products and are focusing on improving grouting quality, strength, aesthetics, and long term performance along with meeting diversified demands associated with residential, commercial, and industrial applications. They invest heavily in research and development to create new formulations that offer higher performance levels, such as improved moisture, stain, and chemical resistance, to cope with growing demand for customized grout solutions.

More importantly, regional players are rising in different markets to deliver local products that suit particular consumer preferences and construction practices. This promotes competition, driving innovation and price competitiveness. Companies are embracing more sustainability practices, which emphasize formulations and production methods considered more environmentally friendly and green building materials to keep up with consumer demand. More and more manufacturers are approaching strategic collaborations and partnerships with contractors, distributors, and construction firms to reach an even larger market and thereby increase their scope of service. Online channels for sales are also catching on in helping manufacturers extend their reach and respond to the rising trend of DIY home improvements.

List of Key Players:

  • Sika AG
  • Hexion
  • Five Star Products, Inc.
  • Saint-Gobain
  • Aditya Birla Chemicals
  • Bostik
  • The Euclid Chemical Company
  • New Japan Chemical Co. Ltd.
  • LATICRETE International, Inc.
  • Atul Ltd
  • Anhui Xinyuan Chemical Co. Ltd.
  • Kukdo Chemicals Co. Ltd.
  • Henkel AG
  • SIR Industriale    

 

Global Tile Grout Report Segmentation:

ATTRIBUTE

DETAILS

By Type

  • Unsanded Grout
  • Finely Sanded Grout
  • Quarry-Type Grout
  • Epoxy Grout

By Application

  • Residential
  • Commercial
  • Industrial

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Tile Grout size and forecast: To identify and estimate the market size for global Tile Grout market segmented By Type, By Application, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Tile Grout
  • Market Influencing Factors: To find out the factors which are affecting the market of global Tile Grout among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Request For Table of Content

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Tile Grout forecast period is 2024 - 2032.
According to global Tile Grout research, the market is expected to grow at a CAGR of ~ 5.17% over the next eight years.
The possible segments in global Tile Grout are based on By Type, By Application, & by region.
The expected market size for Global Tile Grout is USD 4.01 billion in 2032.
The major players in the market are Sika AG, Hexion, Five Star Products, Inc., Saint-Gobain, Aditya Birla Chemicals, Bostik, The Euclid Chemical Company, New Japan Chemical Co. Ltd., LATICRETE International, Inc., Atul Ltd, Anhui Xinyuan Chemical Co. Ltd., Kukdo Chemicals Co. Ltd., Henkel AG, and SIR Industriale.
×

Avail PDF Sample Reports