What Has Been the Progress and Growth of the Ready To Use Grout And Adhesive Market in Recent Years?
The ready to use grout and adhesive market has seen considerable growth due to a variety of factors.
• The market size for pre-prepared grout and adhesive has seen a robust expansion in the past few years. The market, which was valued at $1.66 billion in 2024, is expected to advance to $1.82 billion in 2025, marking a compound annual growth rate (CAGR) of 9.5%.
Factors contributing to this growth during the historic period include an increase in urbanization and population, a surge in demand for eco-friendly construction materials, a heightened demand for tiles and natural stones, and a boom in the construction sector.
How Does the Forecast Look for the Ready To Use Grout And Adhesive Market?
The ready to use grout and adhesive market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of ready-to-use grout and adhesive is anticipated to experience robust growth over the next few years, reaching $2.58 billion in 2029, with a compound annual growth rate (CAGR) of 9.2%.
This growth can be connected to the increasing consumer inclination towards eco-friendly building materials, the surge in urbanization, larger expenditure on brand marketing to distinguish their offerings, the escalating adoption of epoxy products, and development in the construction and infrastructure sectors. The forecast period is marked by several trends including technological advancements, product development innovations, specialized adhesives for bigger tiles, digitalization and intelligent manufacturing, and strategic collaborations and partnerships.
What Are The Leading Drivers Of Growth In The Ready To Use Grout And Adhesive Market?
The growth of the construction sector, largely attributed to the surge in urbanization, is poised to fuel the expansion of the ready-to-use grout and adhesive market. As the sector involved with building, maintaining and renovating commercial, residential, and infrastructure projects like roads, bridges, houses, and offices, the demands from the construction sector are on the rise. This increase in demand is a result of an expanding urban landscape and significant government investments in large, comprehensive projects. Pre-mixed grout and adhesive products that are ready-to-use provide improved efficiency and practicability for construction endeavors, particularly for projects involving flooring and tiling. These products streamline the application workflow by doing away with the necessity of on-site mixing, thus decreasing mistakes and saving valuable time. For example, in Quarter 1 of 2024, a report issued by The Office for National Statistics, a government establishment in the UK, indicated that there was a rise of 15.9% in total new construction orders, amounting to $1,913 million (£1,436 million), a notable increase when compared to Quarter 4 of 2023. Thus, the robust growth of the construction sector is an important driving force behind the expansion of the ready-to-use grout and adhesive market.
How Are The Segments Defined Within The Global Ready To Use Grout And Adhesive Market?
The ready-to-use grout and adhesivemarket covered in this report is segmented –
1) By Product Type: Grout, Adhesives
2) By Application: Walls, Floors, Countertops, Other Applications
3) By End Use: Residential, Commercial, Industrial
Subsegments:
1) By Grout: Cement-Based Grout, Epoxy Grout, Furan Grout, Polymer-Modified Grout, Colored Grout, Self-Leveling Grout, Other Types of Grout
2) By Adhesives: Thin-Set Adhesives, Thick-Set Adhesives, Mastic Adhesives, Epoxy Adhesives, Polyurethane Adhesives, Silicone Adhesives, Other Types Of Adhesives
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Which Emerging Market Trends Are Altering The Ready To Use Grout And Adhesive Industry?
To enhance performance and cater to the growing demand for sustainable, high-quality building materials, top players in the ready-to-use grout and adhesive market are primarily focusing on the development of advanced ready-to-use grout items. Here, "ready-to-use grout" refers to a pre-packaged mixture of grout that's prepared for usage immediately, thus eliminating the necessity for mixing on-site. For example, in April 2022, Sika AG, a chemical company based in Switzerland, launched its innovative SikaTile-Ultima Grout that's ready-to-use, which can be used for both inside and outside applications, including areas exposed to occasional damp conditions. The ready-to-use formula reduces the possibility of on-site mixing errors, making the grouting process easier, while offering a comprehensive, hard-wearing and full grouting joint for expert outcomes. This grout allows contractors to save on both time and labor significantly, facilitating faster completion of projects, reducing maintenance requirements and promoting long-term cost effectiveness.
Who Are the Key Players In The Ready To Use Grout And Adhesive Market?
Major companies operating in the ready-to-use grout and adhesive market are:
• BASF SE
• Henkel AG & Co. KGaA
• Henry Company
• Sika AG
• Wacker Chemie AG
• Mapei S.p.A.
• H.B. Fuller Company
• Bostik Ltd.
• Soudal Group
• Dunlop Adhesives
• Mapei S.p.A.
• Fosroc Holdings U.K
• Tremco Incorporated
• LATICRETE International Inc.
• TEC Specialty Products
• Ardex GmbH
• W.R. Meadows Inc.
• Saint-Gobain Weber
• RLA Polymers Pty Ltd.
• Soudal N.V.
• Sopro Bauchemie GmbH
• Kerakoll S.p.A.
• Raimondi S.p.A.
• Roberts Consolidated Industries Inc
What Is The Most Dominant Region In The Ready To Use Grout And Adhesive Market?
Asia-Pacific was the largest region in the ready-to-use grout and adhesive market in 2024. The regions covered in the ready-to-use grout and adhesive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
