Request Discount

Resin-base Grout Market (Product Type - Epoxy Grout, PMMA Grouts, PU Grouts, and Others; End-use - Infrastructure, Commercial, Industrial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : June, 2022

  • Rep Id : CM00030

  • Category : Chemicals & Materials

  • Status : Published

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.

 

Market Insight

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 period.


Resin-base Grout Market


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.

 

Segment Covered

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.

 

Companies Profiled:

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, Inc.

 

Report Highlights:

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.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount