Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global grouting materials market is anticipated to grow with a CAGR of ~4% during the forecast period, i.e. 2022-2031. The market is segmented 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. The global construction industry is anticipated to grow to USD 8 trillion by 2030, with an average growth rate of 5%.
Request Free Sample Copy of this Report @ global grouting materials market is estimated to garner a notable revenue by the end of 2031. The grouting materials market is anticipated to witness a noteworthy growth owing to factors such as rising demand for chemical industry. Additionally, the increased investments in research and development activities is anticipated to provide huge market opportunities for the key players operating in the grouting materials market.
Geographically, the grouting materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America region is estimate to garner the largest market share by the end of 2031, on the back of expansion of chemical industry, urbanization & industrialization, expansion in research and development expenditure, high disposable income and considerable growth in GDP.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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in Manufacturing Industry to Drive the Market Growth
Grouting materials have the characteristics of being water resistant and highly effective against molding on damp surfaces. Additionally, they and can resist shrinking, cracking, powdering, and wear & tear. Drilling beneath the earth’s surface and filling the void or gaps is carried out effectively with the help of jet grouting. These are some of the expected growth drivers of the grouting materials market.
However, the easy availability of alternative chemicals coupled with increased costs of production and stringent rules by government is expected to operate as key restraints to the growth of the global grouting materials market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global grouting materials market which includes company profiling of 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 profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global grouting materials market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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