Global Tile Grout Market

Tile Grout Market Size, Share, Growth Analysis, By Type(Unsanded Grout, Finely Sanded Grout, Epoxy Grout, and Others), By Application(Residential, Industrial, and Commercial), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20G2051 | Region: Global | Published Date: March, 2024
Pages: 157 |Tables: 64 |Figures: 68

Tile Grout Market Insights

Global tile grout market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.67 billion in 2023 to USD 4.52 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

Tile grout is a powdered mix of cement, color pigments, and limestone used to fill the gaps between tiles once installed on the floor or walls. Increasing focus on aesthetics and interior decoration in commercial and residential spaces is projected to bolster the demand for tile grout over the coming years. Growing construction activity and rising consumer spending potential are also estimated to contribute to the growing tile grout demand outlook going forward. An increasing number of people undertaking renovation projects to make their living spaces more elegant and personalized is also slated to bolster the tile grout market growth across the forecast period and beyond. Rapid urbanization around the world is also anticipated to favor the global tile grout market development through 2031.

Developing and developed countries are equally opportune when it comes to the tile grout market. Tile grout market players should focus on product innovation and the development of new tile grout that can be used with a wide variety of tiles. However, the requirement of skilled labor for application and the growing availability of flooring alternatives could hurt tile grout market growth going forward.

Market Snapshot - 2024-2031

Global Market Size

USD 2.5 billion

Largest Segment

Residential

Fastest Growth

Commercial

Growth Rate

6.8% CAGR

Global Tile Grout Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Tile Grout Market Segmental Analysis

The global tile grout market is segmented based on type, application, and region. In terms of type, the market is segmented into unsanded grout, finely sanded grout, epoxy grout, and others. Based on application, the market is divided into residential, commercial, and industrial. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

Analysis by Type

Epoxy grout accounts for a dominant share of the global tile grout demand outlook. High durability, chemical resistance, stain resistance, and low maintenance of epoxy grout make it a preferred choice for all kinds of end users around the world. The longer lifespan of epoxy grout is also a factor that allows it to account for a dominant share of the global tile grout marketplace. Increasing use of epoxy grout in specialized applications also contributes to the high market share of this segment.

However, the demand for finely sanded grout is projected to increase at a good pace over the coming years. Finely sanded grout is better at handling weight and pressure as compared to unsanded grout, which is why its preference is high in flooring applications. Finely sanded grout can also be used to fill large tile gaps without harming the aesthetics or functionality of the surface, which might not be possible with unsanded grout.

Analysis by Application

Residential applications account for a substantial chunk of global tile grout sales. This can be directly attributed to the growing disposable income of people around the world and their willingness to spend on home decor and interior. Increasing adoption of decorative tiles and tiles with advanced patterns is also estimated to contribute to the high use of tile grout in the residential segment across the forecast period. Moreover, a robust increase in residential construction activity could also favor the growth of this segment.

Demand for tile grout in commercial applications is forecasted to increase at a notable pace over the coming years. Increasing focus on the transformation of workplaces around the world has led to high adoption of tiles and other decorative materials in commercial spaces, which in turn is favoring tile grout sales as well.

Global Tile Grout Market By Application, 2022 (%)

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Tile Grout Market Regional Insights

Rapid urbanization and industrialization allow the Asia Pacific regional market to account for a sizeable share of the global tile grout marketplace. High investments in infrastructure development coupled with increasing disposable income create highly rewarding opportunities for tile grout companies in the future. Changing consumer preferences and rising availability of modern tiles are also slated to bolster sales of tile grout products in this region with China and India spearheading regional market growth. Cheap labor and low raw material costs make this region a highly remunerative space for tile grout manufacturers from around the world.

Meanwhile, North America is slated to account for the second-largest market share in the world. Increasing adoption of attractive and decorative building materials to improve the aesthetic appeal of homes and other infrastructure and high consumer spending potential is also contributing to the high tile grout demand in this region. The United States and Canada are slated to remain the favorite markets for tile grout suppliers in this region. Increasing the number of renovation activities in commercial and residential settings in this region could bolster tile grout sales in the long run.

Global Tile Grout Market By Region, 2024-2031
  • Largest
  • Fastest

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Tile Grout Market Dynamics

Drivers

Rising Construction Activity

  • An increase in global population has led to high demand for infrastructure development, resulting in increased construction activity too. Tile grout is becoming essential in flooring and wall tiling applications and driving market growth as well.

High Preference for Aesthetic Finish

  • An increase in disposable income worldwide has led to better living standards, which is why people prefer to opt for products that are functional and highly aesthetic. Tile grout adds to the overall finish of tiles, which is why its demand is slated to rise.

Restraints

High Labor Costs

  • Labor costs for the application of tile grout have always been high and this is projected to impede the global tile grout market growth to a certain extent. The long process of tile grout application contributes to the high labor costs.

Availability of Alternative Flooring Options

  • Vinyl flooring and carpets have increased in popularity and availability in recent years, which is slated to hurt sales of tile grout over the coming years. Moreover, the growing availability of affordable flooring alternatives will further create challenges for tile grout companies in the long run.

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Tile Grout Market Competitive Landscape

Tile grout suppliers should invest in the research and development of novel products to expand their product portfolio and maximize their sales potential in the future. Companies can also collaborate and partner with tile manufacturers to improve their business reach on a global level by leveraging their distribution networks. Market players can also focus on incorporating sustainable and eco-friendly raw materials in their manufacturing process to comply with changing sustainability mandates and consumer preferences. The global tile grout market is highly competitive with a few established companies accounting for a good chunk of the market share.

Top Player’s Company Profiles

  • Bostik USA
  • ARDEX UK
  • Craft
  • MAPEI S.p.A
  • ParexGroup
  • FLEXTILE LTD
  • LATICRETE International Inc.
  • Krishna Colours and Constchem PVT LTD
  • Building Adhesives Ltd.
  • Sika AG
  • Custom Building Products
  • Saint-Gobain Weber
  • BASF SE

Recent Developments

  • In November 2021, Nuvoco Vistas Corp. Ltd., a renowned cement supplier based in India, announced the launch of its new tile grout at a virtual event. Zero M Water Shield 2K and Zero M Speedex Tile Grout were launched.
  • In June 2022, a leading provider of construction materials, announced the launch of its new epoxy grout with different colors. The company also launched a new application for users to accurately match the grout color.
  • In September 2022, India-based supplier of building products called Trimurti announced the launch of multiple new products including tile grout and tile cleaner.

Tile Grout Key Market Trends

  • Creation of Decorative Grout: Tile grout has come a long way from being available in just one shade and is now available in different colors to suit the aesthetic of the area of application. Companies can come up with innovative and creative styles and designs for tile grout to meet the evolving consumer preferences and boost revenue generation in the future.

Tile Grout Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, surging infrastructure development activity in residential as well as commercial sectors is forecasted to benefit sales of tile grout across the forecast period. Increasing disposable income, growing focus on aesthetics of structures, and evolving consumer preferences are projected to augment the demand for tile grout in the long run. However, high labor costs associated with the application of tile grout are predicted to remain a key restraint for market growth over the coming years. The Asia Pacific regional market accounts for a high share of the global tile grout market due to robust infrastructure development activity and rising disposable income. Market players can create new growth opportunities by developing more decorative and aesthetically appealing products in the long run.

Report Metric Details
Market size value in 2022 USD 2.5 billion
Market size value in 2031 USD 4.52 billion
Growth Rate 6.8%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Unsanded Grout, Finely Sanded Grout, Epoxy Grout, and Others
  • Application
    • Residential, Industrial, and Commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bostik USA
  • ARDEX UK
  • Craft
  • MAPEI S.p.A
  • ParexGroup
  • FLEXTILE LTD
  • LATICRETE International Inc.
  • Krishna Colours and Constchem PVT LTD
  • Building Adhesives Ltd.
  • Sika AG
  • Custom Building Products
  • Saint-Gobain Weber
  • BASF SE
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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Tile Grout Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Tile Grout Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Tile Grout Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tile Grout Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tile Grout Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Tile Grout Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

tile grout market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.67 billion in 2023 to USD 4.52 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

Tile grout suppliers should invest in the research and development of novel products to expand their product portfolio and maximize their sales potential in the future. Companies can also collaborate and partner with tile manufacturers to improve their business reach on a level by leveraging their distribution networks. Market players can also focus on incorporating sustainable and eco-friendly raw materials in their manufacturing process to comply with changing sustainability mandates and consumer preferences. The tile grout market is highly competitive with a few established companies accounting for a good chunk of the market share. 'Bostik USA', 'ARDEX UK', 'Craft', 'MAPEI S.p.A', 'ParexGroup', 'FLEXTILE LTD', 'LATICRETE International Inc.', 'Krishna Colours and Constchem PVT LTD', 'Building Adhesives Ltd.', 'Sika AG', 'Custom Building Products', 'Saint-Gobain Weber', 'BASF SE'

An increase in population has led to high demand for infrastructure development, resulting in increased construction activity too. Tile grout is becoming essential in flooring and wall tiling applications and driving market growth as well.

Creation of Decorative Grout: Tile grout has come a long way from being available in just one shade and is now available in different colors to suit the aesthetic of the area of application. Companies can come up with innovative and creative styles and designs for tile grout to meet the evolving consumer preferences and boost revenue generation in the future.

Rapid urbanization and industrialization allow the Asia Pacific regional market to account for a sizeable share of the tile grout marketplace. High investments in infrastructure development coupled with increasing disposable income create highly rewarding opportunities for tile grout companies in the future. Changing consumer preferences and rising availability of modern tiles are also slated to bolster sales of tile grout products in this region with China and India spearheading regional market growth. Cheap labor and low raw material costs make this region a highly remunerative space for tile grout manufacturers from around the world.

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Global Tile Grout Market

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