Market Overview:
The global paving grouting market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for paving grouting in pedestrian traffic areas and car traffic areas. In addition, the growing construction industry is also contributing to the growth of the global paving grouting market. Based on type, the global paving grouting market can be segmented into single-part polymeric compounds, single-part epoxy resins, two-part epoxy resins, exterior tile grouts, cementitious-based slurry grouts and traditional mortar. Of these segments, two-part epoxy resins are expected to witness highest growth during the forecast period owing to its superior properties such as high strength and resistance against chemicals and abrasion.
Product Definition:
Paving Grouting is a mixture of cement, sand and water which is used for filling the joints between paving stones. It helps to keep the stones in place and also makes them less slippery.
Single Part Polymeric Compounds:
Single part polymeric compounds are a group of thermoplastics produced from one polymerization step. They have high demand in paving grout market due to their excellent properties such as resistance to chemicals, heat and oil. These compounds also offer high strength, durability and abrasion resistance along with low density which makes them suitable for use in paving applications.
Single-Part Epoxy Resins:
Single-part epoxy resins are used in paving grouting for the production of concrete molds. These resins have a high degree of purity and offer good flow characteristics. The product is manufactured using epichlorohydrin, which is an organic liquid that contains carbon, hydrogen, and oxygen along with other impurities. It has a mild odor similar to nail polish remover when pure or in solution form.
Application Insights:
The car traffic area application segment led the global paving grouting market in 2017 and is projected to witness significant growth over the forecast period. The rising number of road projects across the globe, including construction of new highways and expansion/reconstruction of existing roads, is anticipated to boost product demand in this application segment over the coming years.
The rise in consumer spending on home improvement activities has resulted in an increased demand for exterior decorative products such as flooring tiles and wall coverings that are used for beautification purposes. This factor will drive market growth over the coming years as more people opt for these types of products due to their aesthetic appeal.
Paving grouts are increasingly being utilized for various applications owing to their ability to withstand extreme environmental conditions such as temperature & moisture fluctuations, mechanical stress caused by vehicle movements, etc., which makes them a reliable solution compared with traditional mortars & cementitious slurrys.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2016 and is anticipated to witness a CAGR of XX% over the forecast period. The region has been witnessing rapid urbanization, which is resulting in increased demand for paved surfaces. Furthermore, increasing disposable income levels coupled with growing consumer awareness regarding road safety are expected to drive product demand over the next eight years.
North America accounted for 23% of global paving grouting market share in 2016 and witnessed significant growth owing to an increase in construction spending along with rising need for repair & renovation activities on account of aging infrastructure systems across U.S.
Growth Factors:
- Increasing demand for paving in the construction industry as a result of growing population and rapid urbanization.
- Rising awareness about the benefits of using paving grouting for pavement restoration and rehabilitation projects.
- Growing demand from infrastructure development projects, especially in emerging economies such as China and India.
- Technological advancements that have led to the development of new products and applications for paving grouting, increasing its versatility and appeal among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paving Grouting Market Research Report
By Type
Single Part Polymeric Compounds, Single-Part Epoxy Resins, Two-Part Epoxy Resins, Exterior Tile Grouts, Cementitious-Based Slurry Grouts, Traditional Mortar
By Application
Pedestrian Traffic Area, Car Traffic Area
By Companies
Azpects, Instarmac Group, Geo-Fix, GftK-international GmbH, Bradstone, Thakeham, Nexus Paving Systems, Sika Group, Joint-It Ltd, Consent Group, ROMEX
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Paving Grouting Market Report Segments:
The global Paving Grouting market is segmented on the basis of:
Types
Single Part Polymeric Compounds, Single-Part Epoxy Resins, Two-Part Epoxy Resins, Exterior Tile Grouts, Cementitious-Based Slurry Grouts, Traditional Mortar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pedestrian Traffic Area, Car Traffic Area
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Azpects
- Instarmac Group
- Geo-Fix
- GftK-international GmbH
- Bradstone
- Thakeham
- Nexus Paving Systems
- Sika Group
- Joint-It Ltd
- Consent Group
- ROMEX
Highlights of The Paving Grouting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Part Polymeric Compounds
- Single-Part Epoxy Resins
- Two-Part Epoxy Resins
- Exterior Tile Grouts
- Cementitious-Based Slurry Grouts
- Traditional Mortar
- By Application:
- Pedestrian Traffic Area
- Car Traffic Area
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Paving Grouting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Paving grouting is a type of restoration that uses a fine-grained mortar to fill in cracks and joints in concrete, asphalt, or other paving surfaces. The mortar is mixed with water and then applied using a trowel or broom.
Some of the major companies in the paving grouting market are Azpects, Instarmac Group, Geo-Fix, GftK-international GmbH, Bradstone, Thakeham, Nexus Paving Systems, Sika Group, Joint-It Ltd, Consent Group, ROMEX.
The paving grouting market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Paving Grouting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Paving Grouting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Paving Grouting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Paving Grouting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Paving Grouting Market Size & Forecast, 2020-2028
4.5.1 Paving Grouting Market Size and Y-o-Y Growth
4.5.2 Paving Grouting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Part Polymeric Compounds
5.2.2 Single-Part Epoxy Resins
5.2.3 Two-Part Epoxy Resins
5.2.4 Exterior Tile Grouts
5.2.5 Cementitious-Based Slurry Grouts
5.2.6 Traditional Mortar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pedestrian Traffic Area
6.2.2 Car Traffic Area
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Paving Grouting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Paving Grouting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Part Polymeric Compounds
9.6.2 Single-Part Epoxy Resins
9.6.3 Two-Part Epoxy Resins
9.6.4 Exterior Tile Grouts
9.6.5 Cementitious-Based Slurry Grouts
9.6.6 Traditional Mortar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pedestrian Traffic Area
9.10.2 Car Traffic Area
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Part Polymeric Compounds
10.6.2 Single-Part Epoxy Resins
10.6.3 Two-Part Epoxy Resins
10.6.4 Exterior Tile Grouts
10.6.5 Cementitious-Based Slurry Grouts
10.6.6 Traditional Mortar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pedestrian Traffic Area
10.10.2 Car Traffic Area
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Part Polymeric Compounds
11.6.2 Single-Part Epoxy Resins
11.6.3 Two-Part Epoxy Resins
11.6.4 Exterior Tile Grouts
11.6.5 Cementitious-Based Slurry Grouts
11.6.6 Traditional Mortar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pedestrian Traffic Area
11.10.2 Car Traffic Area
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Part Polymeric Compounds
12.6.2 Single-Part Epoxy Resins
12.6.3 Two-Part Epoxy Resins
12.6.4 Exterior Tile Grouts
12.6.5 Cementitious-Based Slurry Grouts
12.6.6 Traditional Mortar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pedestrian Traffic Area
12.10.2 Car Traffic Area
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Part Polymeric Compounds
13.6.2 Single-Part Epoxy Resins
13.6.3 Two-Part Epoxy Resins
13.6.4 Exterior Tile Grouts
13.6.5 Cementitious-Based Slurry Grouts
13.6.6 Traditional Mortar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pedestrian Traffic Area
13.10.2 Car Traffic Area
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Paving Grouting Market: Competitive Dashboard
14.2 Global Paving Grouting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Azpects
14.3.2 Instarmac Group
14.3.3 Geo-Fix
14.3.4 GftK-international GmbH
14.3.5 Bradstone
14.3.6 Thakeham
14.3.7 Nexus Paving Systems
14.3.8 Sika Group
14.3.9 Joint-It Ltd
14.3.10 Consent Group
14.3.11 ROMEX
