A recent report ongoing study by
Infinium Global Research on resin-base grout market provides an in-depth analysis
of segments and sub-segments in the global as well as regional resin-base grout
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional resin-base grout market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecasts, and dollar values of the global resin-base grout market. According
to the report, the global resin-base grout market is projected to grow at a significant
CAGR over the forecast period of 2022-2028.
Resin-base grout is
stain-resistant, highly durable, ideal for warehouses, easy to clean, possesses
a long-lasting quality, offers a glossy appearance, and requires less
maintenance. All these factors make Resin-base grout a highly preferred product
over others. The rise in the need from several industries for durable, clean,
and chemicals & bacteria resisting products that provide proper sealing
will fuel the growth of the market during the forecast period. In addition, the
growing volume of building alteration and conversion projects has improved the
significance of efficient solutions and will further provide potential
opportunities for the growth of the resin-base grout market during the forecast
Resin-base grout contains epoxy resins,
silica, hardener, pigments, and filler material. The demand for resin grout is
rising due to its better properties. Resin-base grout has better strength and
durability. It is water permeable. It has elastic properties and it adapts
optimally to substrates expansion fluctuation due to weather conditions. It
highly resists cracks, shrinkage, harsh weather conditions, stains, and
chemicals. Furthermore, the increasing requirement for grouts that can offer
proper sealing and hygiene in industries fuels the market growth. Various
industries require flooring and walls that need proper sealing. Resin-base
grouts provide good sealing and waterproofing. The food and beverages,
pharmaceutical, and chemical industries require surfaces with protection
against bacteria and molds. However, higher prices, the long application
process, and allergic reactions during applications restrains the demand for resin-base
grout. The prices of resin-base grouts, polyurethane resin-base grouts, urea resin-base
grouts, and furan resin-base grouts are higher than conventional grouts.
Residential and non-residential construction sectors offer opportunities to the
market players. Resin-base grouts are set to become a major alternative for
cement-based and other chemical-based grouts during the forecast period.
The outbreak of COVID-19 negatively affected the growth of the resin-base grout market during the
forecast period. The lockdown hampered the growth of the market because of the
trade restriction imposed by various countries in the earlier phase of the
pandemic. International and national transport have been affected because of
the restrictions imposed by various economies across the world. This has
reduced the demand and supply of the resin grout during the covid-19 pandemic.
Furthermore, economic slowdown and decline in the infrastructure activities
globally because of the spread of the virus have restrained the growth of the
market during the forecast period.
Based on the region, the worldwide
resin-base grout market is segmented into the Asia Pacific, North America,
Europe, and also the Middle East & Africa. Among the regions, North America
is the largest region in the resin-base grout market due to increasing
commercial and residential construction activities during the forecast period.
Increasing refurbishment and reconstruction activities within the Europe region
are expected to enhance the growth of the market during the forecast period.
However, The Asia Pacific region is anticipated to dominate the expansion of
the market because of the increasing demand from the industrial segment during
the forecast period.
The report on the global resin-base
grout market covers segments such as product type, and end-use. On the basis of
product type, the sub-markets include epoxy grout, PMMA grouts, PU grouts, and
others. On the basis of end-use, the sub-markets include infrastructure, commercial,
industrial, and residential.
The report provides profiles of
the companies in the market such as Arkema SA, Fosroc, Henkel AG, Master
Builders Solutions España, Sika AG., GCP Applied Technologies Inc., and MAPEI
Corporation, Saint-Gobain Weber, Berger Paints India Ltd., and LATICRETE International,
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of resin-base grout market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.