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Ready-To-Use Grout And Adhesive Market Size Forecasted To Achieve $2.58 Billion By 2029 With Steady Growth
The Ready-To-Use Grout And Adhesive Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Ready-To-Use Grout And Adhesive Market Size and Projected Growth Rate?
The ready-to-use grout and adhesive market size will grow from $1.66 billion in 2024 to $1.82 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The historic growth is attributed to a rise in urbanization and population, rising consumer preference for sustainable construction materials, increased demand for tile and natural stone, and a rise in the construction sector.
The ready-to-use grout and adhesive market is expected to grow to $2.58 billion by 2029, at a CAGR of 9.2%. The growth is attributed to consumer preference for sustainable construction materials, urbanization, and adoption of epoxy products. Trends include technological innovations, specialized adhesives for large tiles, digitalization, and strategic partnerships.
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What Are the Major Segments in the 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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What Are The Driving Ready-To-Use Grout And Adhesive Market Evolution?
The growth of the construction sector is expected to spur the expansion of the ready-to-use grout and adhesive market. The construction industry is growing due to rapid urbanization, increased demand for infrastructure, and government investments in large projects. Ready-to-use grout and adhesive products, which offer convenience and efficiency by eliminating on-site mixing, are in demand for tiling and flooring projects. In May 2024, the Office for National Statistics reported a 15.9% rise in new construction orders in the UK, totaling $1.9 billion (£1.4 billion) in Q1 2024 compared to Q4 2023. Thus, the rise in construction activities is promoting the growth of the ready-to-use grout and adhesive market.
Which Firms Dominate The Ready-To-Use Grout And Adhesive Market Segments?
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 Are the Major Trends Shaping the Ready-To-Use Grout And Adhesive Market?
Companies in the ready-to-use grout and adhesive market are innovating with products like ready-to-use grouts to meet the demand for sustainable building materials. In April 2022, Sika AG, a Switzerland-based chemical company, launched SikaTile-Ultima Grout, a pre-mixed grout for interior and exterior applications. Its ready-to-use formula simplifies the process, reduces mixing errors, and ensures durable, high-quality results, saving time and costs for contractors.
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Which Is The Largest 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ready-To-Use Grout And Adhesive Market?
2. What is the CAGR expected in the Ready-To-Use Grout And Adhesive Market?
3. What Are the Key Innovations Transforming the Ready-To-Use Grout And Adhesive Industry?
4. Which Region Is Leading the Ready-To-Use Grout And Adhesive Market?
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