Grouting Materials Market: A Thriving Industry with a Projected Value of $11.9 Billion by 2031

The global grouting materials market is set to experience substantial growth, with a projected compound annual growth rate (CAGR) of 5.3% from 2023 to 2031. This expansion is fueled by increasing investments in infrastructure projects, the growing focus on renovation and repair, and the demand for eco-friendly and innovative grouting solutions. The market is segmented by type, end-use, and region, with chemical grouting, the building and construction sector, and Europe leading the way. Key players in the industry include BASF SE, Sika AG, Fosroc International Ltd., and others, who are driving innovation and competition in the market.

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