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Impact Of Ready-To-Use Grout And Adhesive On The Expanding Construction Sector: Strengthening the Growth Trajectory of the Ready-To-Use Grout And Adhesive Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Ready-To-Use Grout And Adhesive Market Through 2025?
In recent times, there has been a significant growth in the market size of ready-to-use grout and adhesive. The market, which was valued at $1.66 billion in 2024, is expected to reach a value of $1.82 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.5%. Factors influencing this growth include increased urbanization and population, a rise in the preference for sustainable building materials among consumers, heightened demand for tiles and natural stone, and an expansion in the construction sector.
What's the Projected Size of the Global Ready-To-Use Grout And Adhesive Market by 2029?
Expectations are high for robust growth in the ready-to-use grout and adhesive market in the coming years, with the market size predicted to rise to $2.58 billion in 2029, expanding at a compound annual growth rate (CAGR) of 9.2%. This growth during the forecast duration can be credited to the growing consumer interest in eco-friendly building materials, surge in urbanization, increase in expenditure on brand differentiation, heightened interest in epoxy products, and the expansion in the construction and infrastructure sector. The forecast period is also expected to see major market trends such as technological advancements, pioneering product development, application of specialized adhesives for larger tiles, the rise of digitalization and intelligent manufacturing, as well as, collaborations and partnerships.
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Top Growth Drivers in the Ready-To-Use Grout And Adhesive Industry: What's Accelerating the Market?
The growth of the ready-to-use grout and adhesive market is anticipated to be driven by the booming construction industry. The construction industry, responsible for the erection*, remodeling, and preservation of residential, commercial, and infrastructure projects like houses, commercial spaces, roads, and bridges, is on a path of expansion due to factors like rapidly growing urbanization, creating new infrastructure needs. Government-funded mega-projects further stimulate this expansion. Ready-to-use grout and adhesive items are premixed solutions that provide simplicity and cost-effectiveness in construction, particularly in tiling and flooring projects. They make application easier by removing the necessity for onsite mixing, which reduces mistakes and time wastage. For example, in May 2024, The Office for National Statistics, a UK government department, reported a 15.9% increase in total new construction orders during the first quarter of 2024. This amounted to $1,913 million (£1,436 million), compared to the final quarter of 2023. Consequently, the flourishing construction industry is fostering the growth of the ready-to-use grout and adhesive market.
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What Trends Will Shape the Ready-To-Use Grout And Adhesive Market Through 2029 and Beyond?
Leading organizations in the market of ready-to-use grout and adhesive are concentrating on the production of innovative ready-to-use grout items to improve efficacy and fulfill the rising demand for high-quality, sustainable construction materials. Ready-to-use grout means a pre-mixed grout composition that is packed and primed for instant usage, removing the necessity for mixing on the construction site. For example, Sika AG, a chemical company based in Switzerland, introduced its inventive ready-to-use grout, SikaTile-Ultima Grout, in April 2022. This product is suitable for both indoor and outdoor uses, including locations subject to periodic dampness. The ready-to-use formula eases the grouting process and reduces potential mistakes that can occur with on-site material mixing. Moreover, it offers an intricate, long-lasting, and complete grout joint, ensuring professional outcomes. This grout effectively reduces time and labor for contractors, expedites project completion, and reduces maintenance requirements, hence promoting long-term cost-effectiveness.
What Are the Main 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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Which Top Companies are Driving Growth 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
Which Regions Will Dominate the Ready-To-Use Grout And Adhesive Market Through 2029?
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.
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