Pune, India, September 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Tile Grout Market.
The global market for tile grout has been witnessing substantial growth in the past few years. The higher demand attributed to rising popularity of decorative tiles. The booming construction sector has further fueled the market demand. The increasing urbanization and rise in investment for construction, particularly in new housing, are the prime factors that are driving the tile grout industry.
The global tile grout market has been segmented based on type, application, and region. The global tile grout market is segmented by type as unsanded grout, finely sanded grout, quarry-type grout, and epoxy grout. The epoxy grout segment held the largest market share of the global tile grout market in 2018; it is expected to have the highest growth during the forecast period. By application, the global tile grout market is segmented as residential, commercial, and industrial. The commercial sector is further categorized as hospitality, healthcare, shopping malls & centers, educational centers, office spaces, and others. The residential segment is set to witness the highest growth rate and is projected to majority of market share in global tile grout market
Asia-Pacific is estimated to be the fastest growing market in the global tile grout market during the forecast period: MRFR
By region, the global tile grout market is segmented as North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Asia-Pacific is likely to hold a majority of the market share in the global tiles grout market. Asia-Pacific is already growing owing to the growth of real estate.
The presence of leading manufacturers coupled with growing construction industry has led to higher demand for tile grout in Asia-Pacific. Furthermore, commercial buildings such as office complexes are increasing as the business hubs are turning overpopulated, creating a demand for new complexes, leading to the market growth. China dominated in terms of market share in 2018, which will continue its presence by the end of 2025. The rapid growth of residential and non-residential construction projects along with the increasing emphasis on green buildings have further enhanced the demand for tiles grout market.
Europe region is likely to hold second largest share followed by North America, the demand in Europe region is mainly driven by growing ceramic tiles manufacturing industries. North America the stagnant growth rate, the demand is driven by slowly growing residential construction industry.
Due to the high consumption of decorative tiles along with growing infrastructure, the Middle East & Africa is projected to show high growth rate in the forecast period. South America shows decent growth rate owing to increase in the number of commercial projects, the demand is projected to increase in forecast period.
The Global Tile Grout Market size was valued at USD 1.2 billion in 2018, which is expected to witness 5.2% CAGR during the forecast period.
Global Tile grout Market, 2018–2025 (USD Million)
Source: MRFR Analysis
Access Report Details @ https://www.marketresearchfuture.com/reports/tile-grout-market-8403
Scope of the Report
This study provides an overview of the global tile grout market, tracking two market segments across five geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global tile grout market by Type, application and region.
The prominent players in the global tile grout market include Sika AG (Switzerland), Bostik USA (US), MAPEI S.p.A (Italy), ParexGroup (Bangkok), Crafit (India), Krishna Colours and Constchem PVT LTD (India), Building Adhesives Ltd (UK), LATICRETE International, Inc (US), ARDEX UK (UK), and FLEXTILE LTD. (Canada).