Market Overview
Market Research Future (MRFR) claims that the tile grout market 2020 had touched 1.2 billion in 2018. MRFR anticipates favorable prospects for the market as it is on track to procure a CAGR of 5.2% between 2019 and 2025 (evaluation period). We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
Growth Enhancers and Top Barriers
In the construction industry, tiling has become quite integral, especially given the increasing commercial and residential construction activities across the world. Tiling has significant applications in residential as well as commercial infrastructure such as hotels, hospitals. Tiling and therefore tiling grouts have become extremely prevalent across transportation infrastructure like railway stations and airports. Tiles along with rugs and carpets, laminates and wood has become a highly essential component in the construction industry worldwide, which can mean favorable growth prospects for the tile grout market.
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It is anticipated that out of all the types of tile grouts, epoxy grout has gained maximum impetus in the worldwide market. This trend will remain prevalent throughout the evaluation period, as epoxy tile grounds are known for their superior strength as well as high chemical resistance, rendering it highly versatile and ideal for a number of special applications. Moreover, as in the case of other types of grouts that require frequent cleaning, the epoxy resins’ non-porous property prevents collection of grime, moisture or dirt, which is another property that adds to its appeal among the end-users. Although epoxy tile grout can be quite challenging in terms of installation, it still remains ahead of other segments due to extended longevity with better cleaning techniques.
Market Segmentation
The types of tile grout can be finely sanded grout, unsanded grout, epoxy grout and quarry-type grout. As mentioned above, the highest growth was observed by the epoxy grout segment in 2018, and is also expected to procure the fastest expansion rate owing to its various applications along with benefits including high durability and strength.
Depending on the application, the market segments considered in the study are commercial, industrial and residential. Since 2018, the leading segment has been residential, while it is also projected to record the highest growth rate in the coming years. The high prominence of the residential segment in the tile grout market can be due to the fast expanding worldwide population, increasing government spending on housing projects and the resultant surge in the number of home owners, rising urbanization rate and the rapidly growing economic status of emerging regions. All these factors have led to a high need for tile grout across the residential sector across the globe.
Regional Study
Since the year 2018, the APAC has remained the biggest gainer in the global market, with North America and Europe right behind. The growing construction sector in APAC along with the extensive presence of renowned manufacturers across China and India has resulted in a positive market outlook for tile grouts. Renowned firms are presented with lucrative opportunities as the region is observing a surge in commercial building construction, including offices and business complexes in light of the rising number of corporates. This can mean more success for the tile grout market in the region. The fast urbanization rate in India, China, and various emerging countries in the region also contributes to the market attractiveness.
Leading Industry Competitors
The leading competitors actively seeking a better position in the tile grout market are Krishna Colours and Constchem PVT LTD (India), Building Adhesives Ltd (UK), MAPEI S.p.A (Italy), FLEXTILE LTD. (Canada), LATICRETE International Inc (US), ARDEX UK (UK), Craft (India), Bostik USA (US), ParexGroup (Bangkok), Sika AG (Switzerland), to name a few.
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Rising investment in the infrastructure sector and necessitate to reduce overall structural maintenance costs are likely to be the prime drivers of the global self-healing concrete market during the assessment period.
The use of self-healing concrete presents enormous benefits in terms of the entire reduction of expenditure for repair and maintenance.
Cost-reduction throughout the development of cheaper versions of self-healing concrete would facilitate in raising the consumption of the product and enable broader distribution of the benefits related to it.
Thus, the focus toward improving the durability of structures is imagined to drive the global self-healing concrete market.Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/7854The cement manufacturing industry is accountable for ~5% of the total global CO2 emissions, and concrete is the final product of this industry.
This presents an expansion opportunity for cement manufacturers.
The extrinsic segment includes capsule-based and vascular.
Waterproofing is an important part of home maintenance.
As the structural integrity of the house is weakened, cracks in the foundation will trigger a chain reaction, which will eventually lead to collapse.Moisture under the floor indicates the presence of mold in your home.
In addition to waterproofing your house, consider testing for mold.Musty smellThe smell in your home can be a powerful sign of moisture damage.
It not only causes an unbearable stench but also causes considerable structural damage.StainsWhen water dries on a surface, it usually leaves stains or watermarks.
Excessive moisture can sometimes leave accumulated salt on the stones and concrete, creating a slight luster along the walls or floors.If not handled properly, damage caused by moisture and water can have catastrophic consequences.
Some common reasons include Poor grades.
Every business needs a digital document management system for better workflow and construction business is also one of them.
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Are you looking tiles price list?
There are many types of tile like marble tile, granite tile, sandstone tile.
Synopsis of Ceramic Tiles MarketThe growing construction industry around the world is likely to remain the major driving factor for the global ceramic tiles market over the forecast period.
The increasing demand for residential as well as industrial infrastructure has been felt in developed and developing countries alike, which has resulted in a steadily growing demand for construction materials.
Growing infrastructure construction in emerging countries is likely to be a major driver for the global ceramic tiles market over the coming years, as all indoor public infrastructure requires ceramic tiles in some way.
Growing residential construction, particularly in emerging regions of the world, is also likely to be a major driver for the global ceramic tiles market over the forecast period.The ceramic tiles market is predicted to have a favorable growth 6.17% CAGR & over the assessment period (2019-2023)Get Free Sample “Ceramic Tile Market Research Report- Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/977Competitive Analysis:• Crossville Inc• Iris Ceramica Kajaria Ceramics• Ceramiche Atlas Concorde• Saloni Ceramics• Ceramic India• RAK Ceramics• Florida Tile• China Ceramics Co.Segmental AnalysisMRFR report offers a wide segmental analysis of the Ceramic Tile Market on the basis of types, application, and raw material.Based on type, it is segmented into floor tile and wall tile.
Of these, residential will domineer the market over the assessment period.Based on raw material, it is segmented into the electrolyte, dolomite silt, clay, coalized granite, and others.Industry Updates:The Philippines government opened an inquiry into the import of ceramic tiles into the country, fearing for the stability of the local ceramic tile industry.
This illustrates the growing commercial allure for the ceramic tiles market in the rapidly developing Asia Pacific region.Al Maha Ceramics (Oman), one of the leading global manufacturer of Ceramic tiles launched its two sub-brands “Reflexon” – High Polished, Digitally Printed in random Pattern Ceramic Tiles with Superior Strength and “Diamond Edge” – Rectified tiles.Regional Analysis By region, the ceramic tiles market covers growth opportunities and latest trends across the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.
