Ready-to-Use Grout and Adhesive Market by Product type (Grout and Adhesive)
Industry: Chemicals and Materials
Published Date: April-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 357
Report ID: PMRREP33418
According to Persistence Market Research's projections, the Global Ready-to-Use Grout and Adhesive Market is expected to surge ahead at a CAGR of 8.2%, thereby increasing from a value of US$ 1.7 billion in 2023 to US$ 3.68 billion by the end of 2033.
Ready-to-use grout and adhesives (RTU) are single-component materials that are pre-mixed and do not require any additional mixing or preparation before use. They are used in the construction industry for fixing and attaching tiles and stones.
Ready-to-use grout is made from a blend of sand, cement, water, and pigments, and is used to fill in and seal gaps between tiles or stones, ensuring that they are properly joined together. Adhesives, on the other hand, are materials that are used separately or mixed with grout to fix and attach two components.
| Attribute | Key Insights |
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Ready-to-Use Grout and Adhesive Market Size 2023 |
US$ 1.7 Billion |
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Forecasted Market Size (2033) |
US$ 3.68 Billion |
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Value CAGR (2023 to 2033) |
8.2% |
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Collective Value Share: Top 3 Countries (2023E) |
35% to 40% |
The market for RTU grout and adhesives expanded steadily at a CAGR of 4.2% from 2018 to 2022. In contrast, the market is anticipated to exhibit a significant increase in growth due to the rapid development and launch of new high-quality products by manufacturers and rising customer awareness about the operational benefits of RTU products. The market is forecasted to grow at 8.2% CAGR from 2023 to 2033.
The construction industry is experiencing rapid expansion due to the rise in population and urbanization across the world. This growth is being fueled by the emergence of technologically advanced products, such as ready-to-use grout and adhesives. These innovative products not only enhance end users’ experience by simplifying the grouting process but also minimize the time-consuming steps of mixing, applying, and drying.
Manufacturers are increasingly adopting recycled and eco-friendly chemicals in the production of these products, aligning with the current sustainable goals. As a result, this trend is expected to create ample opportunities in the market over the coming years.
Ready-to-use grout and adhesives are in high demand in the construction industry due to several driving factors. The need for quick and efficient construction solutions has propelled the growth of this market, as these materials offer easy application, faster drying time, and higher durability and strength.
The construction industry's overall growth, driven by the rise in urbanization and population, has also led to increased demand for these materials. In addition, the trend toward sustainable construction practices has created huge demand for eco-friendly and low-VOC grout and adhesives, while the growth of the e-Commerce sector has made it easier for construction professionals to access a wider range of products. These factors have created significant demand for ready-to-use grout and adhesives across geographies.
Increasing demand for environment-friendly and sustainable products in the construction industry has created significant opportunities for manufacturers of less hazardous and bio-based ready-to-use grout and adhesive products. By using natural and renewable resources, bio-based products lead to reduced environmental impact as compared to traditional chemical-based products.
Bio-based materials can offer comparable or even superior performance to traditional materials. Developing these products requires significant R&D efforts, including identifying and testing new materials and formulations. The potential benefits for both manufacturers and customers make this investment worthwhile, as it can provide a competitive advantage and meet the growing demand for more sustainable products.
In essence, the shift toward more sustainable practices in the construction industry has created significant opportunities for manufacturers of bio-based ready-to-use grout and adhesive products.
The market for ready-to-use grout and adhesives may face some restraints due to the shorter shelf life of these pre-mixed products as compared to traditional mix-and-use grouts and adhesives. This shorter shelf life can result in product spoilage and waste if not used within a certain timeframe, which can be a challenge for manufacturers in managing their inventory and distribution channels. Consumers may also be hesitant to purchase ready-to-use products due to concerns about product spoilage or if they do not need the product immediately.
To overcome this challenge, market participants need to invest in R&D to improve the shelf life of their products or find ways to reduce waste and spoilage. Effective marketing and educational campaigns can also help educate consumers about the benefits and convenience of using ready-to-use products.
How is Increasing Urbanization Driving Product Sales in the Asia Pacific Region?
Rising urbanization and increasing per-capita income are driving the construction sector in the Asia Pacific region. The migration of rural residents to urban areas is the primary driver for the increased demand for residential buildings, which is fueling the use of construction chemicals such as RTU grout and adhesives.
The Asia Pacific market is highly competitive due to the presence of a large number of market participants. These players invest heavily in R&D to develop more advanced, user-friendly, and cost-effective products, while maintaining a robust supply chain, which is expected to drive significant growth in the market.
According to estimates by Persistence Market Research, the markets in India and China are predicted to exhibit a high growth rate of 8.5%, jointly providing an absolute dollar opportunity of more than US$ 200 million between 2023 and 2033.
Why is Brand Recognition an Important Factor in the European Market?
The European grout and adhesives market is witnessing an increasing adoption of preferred brand products. This trend is being primarily fueled by rising consumer awareness about these products in the region. The market is highly consolidated due to the presence of top manufacturers of RTU grout and adhesives such as Mapei, Henkel, Arkema, Ardex, Saint-Gobain, and Sika.
Several factors, including online product reviews, social media campaigns, diverse product offerings, and brand recognition, are influencing consumer choices. Customers in the region tend to trust established brands known for providing high-quality and reliable products.
The RTU grout and adhesive market in Europe is predicted to grow at a CAGR of 7.8% and generate an absolute dollar opportunity of over US$ 1 billion by 2033.
Why Have Epoxy Grout and Adhesives Gained Huge Popularity?
Epoxy ready-to-use grout and adhesives have become increasingly popular for aesthetic applications due to their superior bonding strength, water resistance, and durability. Their ease of use, with no need for mixing and precise measurement, makes them an attractive option for quick home renovations or small-scale projects.
These products can be used on a variety of surfaces and come in various colors and finishes, providing versatility and options for achieving the desired look. They are an ideal choice for areas with high moisture or heavy foot traffic, making them a preferred option over traditional mix-and-use products.
According to this analysis, demand for epoxy grout and adhesives is predicted to increase rapidly at a CAGR of 9% during the forecast period (2023 to 2033).
Will the Residential Sector Continue Leading Demand for RTU Products?
Many homeowners are increasingly opting to renovate and repair their existing homes instead of buying new ones due to high property prices and a desire to maintain and improve the value of their homes. As a result, spending on renovation, repair, and maintenance (RRM) activities in the residential sector is on the rise.
One key area that often needs attention in home renovation is flooring, with tiles being a popular choice. Maintenance of existing tiles is also a factor driving more demand for tiles, grout, and adhesives, as cracked, chipped, or discolored tiles can be replaced to restore the flooring's functionality and appearance.
As a result, worldwide demand for RTU products will surge over the next ten years.
The global ready-to-use grout and adhesive market is fairly consolidated with key players accounting for more than 50% of the market share. Leading market players are particularly increasing brand endorsement spending to differentiate their products, create brand awareness, and build customer loyalty. This approach involves partnering with influencers, architects, builders, and contractors to promote products, enhance brand visibility & credibility, and increase demand, market share, and revenue growth.
A few key players are focusing on regional expansion through strategic acquisitions and collaborations. By partnering with local companies, these companies are eying access to new markets, gaining local expertise, and expanding their product portfolios. Collaborations can also lead to the development of new products catering to specific regional needs. This strategy also improves supply chain efficiency and reduces transportation costs and lead times.
Similarly, more developments related to companies manufacturing ready-to-use grout and adhesives have been tracked by the team at Persistence Market Research, which are available in the full report.
| Attribute | Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available Upon Request |
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The global ready-to-use grout and adhesive market was valued at US$ 1.55 billion in 2022.
Worldwide demand for RTU grout and adhesives is expected to reach at US$ 3.68 billion by the end of 2033.
The market for ready-to-use grout and adhesives expanded at a value CAGR of 4.2% between 2018 and 2022.
From 2023 to 2033, the ready-to-use grout and adhesive market is projected to expand at a CAGR of 8.2%.
The residential segment will account for more than 40% value share of the global market in 2023.
Growing Demand for low-VOC and bio-based adhesives in the construction sector is a key trend in this space.
SIKA AG, Henkel Group, H.B. Fuller, BASF SE, Arkema, and Mapei S.p.A. currently account for over 50% market share.
The United States, China, and Japan are the main consumers of RTU grout and adhesives.
China accounts for around 45% share of the East Asian market and is expected to evolve at 8.6% CAGR through 2033.
