Ready-to-use Grout and Adhesive Market

Ready-to-Use Grout and Adhesive Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global ready-to-use grout and adhesive market will grow at a 5.4% CAGR during the period 2023–2033 to reach a valuation of US $3,471.9 million by 2033.

Key Findings on the Ready-to-Use Grout and Adhesive Market

1. Which is the largest market for ready-to-use grout and adhesive?

The biggest market for ready-to-use grout and adhesive is East Asia. As per our analysis, East Asia holds nearly 35.5% share of the ready-to-use grout and adhesive market.

2. What is the largest end use segment within the ready-to-use grout and adhesive market?

As per ChemView Consulting, the largest segment by end use is residential. As per our analysis, this segment accounts for nearly 42.6% of total revenues.

3. At what rate is the ready-to-use grout and adhesive market expected to grow?

The ready-to-use grout and adhesive market is expected to grow at a CAGR of 5.4% during the period 2023–2033.

4. What are the major trends influencing the ready-to-use grout and adhesive market?

• DIY Market: The do-it-yourself (DIY) concept has acquired substantial traction, particularly in the home renovation sector. As a result, there is a greater demand for user-friendly, ready-to-use grout and adhesive products.
• Sustainability: Growing environmental consciousness is driving demand for eco-friendly grout and adhesive materials. Manufacturers are collaborating to develop formulations with lower VOC emissions and to use recyclable materials.

5. Who are the leading players in the ready-to-use grout and adhesive market?

The key companies in the ready-to-use grout and adhesive market are H.B. Fuller Company, Nuvoco Vistas Corp. Ltd., Arkema, Master Builders Solutions, MAPEI, Mapei S.p.A., Laticrete Inc., Sika AG, Henkel AG & Co. KGaA, and BASF SE.

Key Drivers for Ready-to-Use Grout and Adhesive Demand

• Increased building projects in the residential, commercial, and infrastructure sectors are a primary driver of demand for ready-to-use grout and adhesive solutions. Population growth, urbanisation, and infrastructural development all contribute to these factors.
• In addition, the growing emphasis on sustainability and environmentally friendly construction practices has resulted in an increase in the demand for ecologically friendly grout and adhesive materials. Manufacturers who provide green alternatives may gain a larger market share.
• Furthermore, the requirement for frequent maintenance and renovation of existing structures also increases demand for grout and adhesive products. As buildings age, repair and maintenance become more important, contributing to market growth.

Key Challenges Inhibiting Demand for Ready-to-Use Grout and Adhesive

• Grout and adhesive products face competition from other materials such as fasteners, welding, and mechanically related solutions. Market participants have to constantly innovate new solutions in order to remain competitive.
• Moreover, the pricing of raw materials such as polymers and chemicals can fluctuate. Rapid price changes can have an impact on profit margins and pricing strategies in the sector.

Key Challenges & Opportunities for Ready-to-Use Grout and Adhesive Manufacturers

• Compliance with safety and environmental requirements is critical. Manufacturers must stay updated on changing rules, which may differ by area, and ensure their products meet the required criteria.
• However, offering a variety of specialised grout and adhesive products for various applications (e.g., stone, tile, wood, and concrete) helps manufacturers respond to a wide range of consumer needs and preferences, thereby boosting market growth.

Country/Region-wise Insights

US Ready-to-Use Grout and Adhesive Market Forecast

• A shift in consumer preferences towards ready-to-use products that provide convenience and time savings in the US market is projected to observe significant growth in the estimated period.
• Additionally, the increased emphasis on sustainability and eco-friendly construction practices is propelling the adoption of these solutions since they often produce less waste and provide a more environmentally responsible alternative to traditional grouting and adhesive processes.

Europe Ready-to-Use Grout and Adhesive Market Outlook 

• Innovations in formulation technology and a focus on environmentally sustainable products in the Europe market are anticipated to drive sales in the market over the assessment period.
• In addition, the construction and renovation sectors in Europe are expanding, creating strong demand for these items in both residential and commercial applications.

Japan Ready-to-Use Grout and Adhesive Market Forecast

• A growing emphasis on sustainability and environmental friendliness in building materials in the Japan market is anticipated to drive the market over the forecasted period.
• In addition, Japan’s strong attention to quality standards and regulations ensures that the industry will witness an increase in innovative and technologically sophisticated products that cater to the specific needs of the construction sector, thereby boosting market growth.

China & India Ready-to-Use Grout and Adhesive Market Forecast

• The increasing popularity of upgrading and renovation projects in existing structures in the China & India markets is anticipated to fuel the market over the forecast period. China & India ready-to-use grout and adhesive markets are likely to account for a leading share of the global ready-to-use grout and adhesive market.
• Additionally, the ever-expanding e-commerce sector has improved the delivery and accessibility of building materials, including ready-to-use grout and adhesive products, thereby propelling market growth.

Ready-to-Use Grout and Adhesive Market Outlook & Forecast by Segmentation

By Product Type 

Based on product type, the grout segment is anticipated to remain at the forefront of ready-to-use grout and adhesive market share over the assessment period. The growth is mainly because grout is a versatile construction material that can be used to fill gaps and provide structural support in a variety of applications, such as tile installation, masonry work, and concrete reconstruction. Its versatility makes it an essential product in the building business.

Furthermore, grout is an essential component of tile installation, which is a frequent practise in both residential and commercial buildings. The continued need for aesthetically beautiful and long-lasting tiles contributes significantly to the grout market’s expansion.

By Application

Based on application, the countertops segment is expected to remain at the forefront of ready-to-use grout and adhesive market share over the assessment period. The growth is mainly because of shifting design trends in interior and kitchen areas have resulted in an increased preference for countertops made of materials such as granite, marble, and quartz. These materials necessitate the use of specialised adhesives and grouts for installation, which increases the demand for products in this category.

In addition, countertops are susceptible to daily wear and tear, including moisture, heat, and cleaning agents. High-quality adhesives and grouts assure countertop durability and long-term performance, which is important to customers.

By End Use

Based on end use, the residential segment is set to account for 42.6% of the ready-to-use grout and adhesive market share over the assessment period. The growth is mainly because the development of residential buildings, such as houses, apartments, and condominiums, is increasing as a result of urbanisation and population growth. This creates a steady need for ready-to-use grout and adhesive materials for a variety of applications, such as tiling, flooring, and wall installations.

In addition, manufacturers constantly develop new and improved grout and adhesive products for household use. These advancements make it easier for homeowners and contractors to use these items successfully, which increases demand in the residential sector.

Which Company Owns the Largest Share in the Ready-to-Use Grout and Adhesive Market?

The key companies in the ready-to-use grout and adhesive market are H.B. Fuller Company, Nuvoco Vistas Corp. Ltd., Arkema, Master Builders Solutions, MAPEI, Mapei S.p.A., Laticrete Inc., Sika AG, Henkel AG & Co. KGaA, and BASF SE.

Recent Developments:

• In February 2023, Master Builders Solutions, the global umbrella trademark of the MBCC Group, announced the opening of a new Taiwan offshore grout manufacturing facility close to Taichung’s harbor.
• In November 2021, Nuvoco Vistas Corp. Ltd., the fifth-largest cement player in India, launched Zero M Speedex Tile Grout and Zero M Water Shield 2K in a virtual event.
• In January 2021, MAPEI, a global leader in the manufacture of sealants, adhesives, and chemical products for the construction sector, acquired an excellent reputation in the local construction sector for offering long-lasting materials for all sorts of floor and wall coverings, like epoxy adhesives and grouts, cementitious tile adhesives and grouts, and self-leveling compounds.

As per our analysis, the companies that hold the largest share in the market are

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Sika AG

Founded in 1910 and with headquarters in Baar, Switzerland, it is a worldwide specialty chemical firm that supplies the construction and automotive industries.

Henkel AG & Co. KGaA

Founded in 1876 and with headquarters in Düsseldorf, Germany, it is a global chemical and consumer goods corporation.

H.B. Fuller Company

Founded in 1887 and located in Saint Paul, Minnesota, United States, it is a large adhesive manufacturing company that supplies industrial adhesives all over the world.

BASF SE

Founded in 1865 and with headquarters in Ludwigshafen, Germany, it is a multinational corporation and the world’s largest chemical producer.

Mapei S.p.A.

Founded in 1937 and with headquarters in Via Cafiero, Milan, Italy, it is a corporation that produces chemical goods for the construction industry.

What Makes this Report More Insightful than Others?

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