Grouting Materials Market Size & Share, by Type (Urethane Based, Epoxy Based); Application (Mining, Traffic, Water Conservancy, Construction) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4324
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Grouting Materials Market size is estimated to reach USD 12 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of grouting materials was USD 8 Billion.The primary growth factor for the market is attributed to the expansion of construction industry, followed by the radical surge in chemical industry across the globe. For instance, the total worldwide revenue of the chemical industry in 2019 was around USD 3.85 trillion.

The emerging technologies and industrialization is able to speed up the manufacturing process of grouting materials without additional expenses. As grouting materials is a mixture of water, cement, and sand, it is utilized for pressure grouting that enhances the stability without delamination, cracking, or crumbling. Owing to its great advantages, in today’s date grouting materials is being highly used in construction industry. Thus, the recent focus on investing in construction industry for its expansion is expected to bring lucrative opportunities to support the growth of the grouting materials market. A recent data has estimated that by 2030 the global construction industry expenditure is expected to propel to USD 18 trillion.


Grouting Materials Market
Get more information on this report: Request Free Sample PDF


Grouting Materials Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~5%

Base Year Market Size (2022)

~ USD 8 Billion

Forecast Year Market Size (2035)

~ USD 12 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Grouting Materials Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Expansion in Manufacturing Industry – Grouting materials radiate in voids for the repair of cracks, strengthening of damaged concrete, and filling gaps in various manufacturing processes. The high advantages of grouting materials are thus expected to increase their usage in the manufacturing industry. Therefore, expansion in the manufacturing industry is further projected to propel the grouting materials market. As per a recent report, it was stated that the revenue gathered by the United States’ manufacturing industry stood up at approximately USD 6 trillion in 2022. 
  • Growth in Research and Development Expenditure - The World Bank calculated the global research and development expenditure in proportion to gross domestic product (GDP) to be 2.63% in 2020. This is a considerable increase from 2.2% in 2018.
  • Rise in the Chemical Industry – The recent development in India has propelled the Indian chemical industry to grow by a CAGR of 10% with a revenue of USD 300 billion by 2025.
  • Rising Support from Various Governments through Various Policies and Schemes - In India, around USD 26 million was allocated by the government to the Department of Chemicals and Petrochemicals under the Union Budget 2022-23.
  • Proliferation in Mining and Quarrying Industry - In 2022, the mining and quarrying industry in the United States is estimated to generate the revenue of around USD 14.42 billion.

Challenges

  • Availability of Alternative Chemicals – There are several other alternative materials or chemicals available to use in grouting process. Chemicals such as, asphalt or bitumen, acrylamides, acrylates, and sodium silicates are also being used for grouting. Such presence of alternatives is anticipated to hamper the growth of the grouting materials market.
  • Increased Costs of Production Process
  • Stringent Government Rules


Grouting Materials Segmentation

Application (Mining, Traffic, Water Conservancy, Construction)

The grouting materials market is segmented and analyzed for demand and supply by application into mining industry, traffic industry, water conservancy industry, construction industry, and others. Out of these, the construction industry segment is anticipated to garner the highest revenue by 2031, on the back of high growth rate of the industry. For instance, Statistics from a recent data revealed that the global construction industry is anticipated to grow to USD 8 trillion by 2030, with an average growth rate of 5%. Also, the high employment rate in the industry is an another growth factor for the expansion of market. As per latest calculations, the number of people that were hired in the construction industry of the United States was 10,350,000 in total in 2022.

Our in-depth analysis of the global market includes the following segments:

      By Type

  • Urethane Based
  • Epoxy Based
  • Others

       By Application

  • Mining Industry
  • Traffic Industry
  • Water Conservancy Industry
  • Construction Industry
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Grouting Materials Industry - Regional Synopsis

The North America grouting materials market is projected to hold the largest market share by the end of 2035. The increase in the number of businesses in the construction industry in the United States is the primary reason for the growth of the market. For instance, according to the most recent data, the emerging count of construction businesses is estimated to be approximately 3,790,000 in the United States in 2022. The high consumption of chemicals in the region is another factor driving the market growth. In terms of consumption, in 2020, the total consumption in the United States region amounted to 230 million tons, a 4% increase from 2019. Further, the rapid surge in urbanization, and escalating industrialization are further factors that are estimated to proliferate the growth of the grouting materials market in the region.

Research Nester
Grouting Materials Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Grouting Materials Market

top-features-companies
    • A.W. Cook Cement Products Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • CICO Technologies Limited (CTL)
    • Sika AG,
    • Fosroc Inc.
    • LATICRETE International Inc.
    • Custom Building Products
    • ITW Wind Group (State of Green)
    • GCP Applied Technologies Inc.
    • Mapei Corporation
    • Fischer Spezialbaustoffe GmbH
    • Ambex Concrete Technologies Inc.

In-the-news

In The News

  • Sika AG has doubled its production capacity for mortar and concrete admixtures in Bolivia by opening a new plant in Santa cruz de la Sierra and thereby strengthening its foothold in the Bolivian contruction market.

  • Forsoc Inc., has announced its joint venture agreement with ChemTech, a leading construction chemicals company headquartered in Cairo, Egypt to manufacture and distribute Fosroc’s full range of construction chemical materials in Egypt. Both the companies will each hold ownership stakes of 50% in the joint venture.


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4324
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The expansion of construction industry along with other end-use industry are expected to propel the market growth in the assessment period.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

The easy availability of alternative chemicals coupled with increased costs of production and stringent rules are some of the factors that are expected to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are CICO Technologies Limited (CTL), Sika AG, Fosroc Inc., LATICRETE International Inc., Custom Building Products, ITW Wind Group (State of Green), GCP Applied Technologies Inc., Mapei Corporation, Fischer Spezialbaustoffe GmbH, Ambex Concrete Technologies Inc., A.W. Cook Cement Products Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region.

The construction industry segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Grouting Materials Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying