Tile Grout Market Size, Share & Growth Forecast - 2023 | Prominent Players Profiled BOSTIK, SIKA AG, PATTEX, LANGOOD

Tile grout is a fluid form of concrete used to fill gaps. Grout is commonly a mixture of water, sand, and cement, for use in pressure grouting, embedding rebar in masonry walls, connecting sections of precast concrete, filling voids, and sealing joints between tiles. Tile grout is sometimes mixed with fine gravel for filling large gaps such as the cores of concrete blocks. Unlike other structural pastes such as plaster or joint compound, grout when mixed correctly and applied properly forms a waterproof seal.

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The global tile grout market has witnessed significant growth over the past few years. The market is expected to witness significant growth in the near future, owing to high demand for decorative tiles. Moreover, surge in the number of residential projects has supplemented the market growth. However, lack of awareness about grout tile in developing economies is expected to hamper the market growth. Moreover, spiraling number of restaurants, fast food joints, and quick service restaurants is expected to provide lucrative opportunities to the market players in the near future. However, high cost of raw materials and advent of new flooring material hamper the market growth. However, innovations in low VOC adhesive grout tile present lucrative opportunities to the market players in the near future.

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The global tile grout market is segmented based on type, end-user industry, and geography. Based on type, the market is segmented into unsanded grout, finely sanded grout, quarry-type grout, and epoxy grout. Based on end-user industry, the market is divided into residential, commercial, and industrial. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market have adopted key strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market outreach and sustain the stiff competition in the market.

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