The Dry Mortar market will register a 3.3% CAGR in terms of revenue; the global market size will reach US$ 35470 million by 2027, from US$ 31120 million in 2021.
The Dry Mix Mortar Market is expected to develop at a CAGR of around 3.3% from 2022 to 2027, with a market value of over USD 31120 million in 2021. The consumption of dry mix mortar is expected to rise as government initiatives for infrastructure development in developing economies such as India, China, and Indonesia increase.Cost-effectiveness and ease to use will influence the dry mix mortar demand. Growing population and increasing disposable income will drive the construction industry.
Dry mortar is basically a granular material or dry powder created by mixing the dried screening process of additives, fine aggregate, fillers, and cementitious materials. The majority of dry mortar products consist of both polymer binder which is also known as re-dispersible powder and mineral cementitious binder called OPC and they are generally packed in the bags post mixing in the factory.
There are mainly three advantages of dry mortar;
1] It saves certain labor costs
2] They reduce quality-related issues caused by inopportune mixing conditions on small job sites
3] They facilitate much faster building with ready-to-use high-performance products.
This industry is a concentration ratio industry with thousands of manufacturers working in it. There are three main players in it in the form of Sika (CH) at first, Saint-Gobain Weber (FR) at second, and Henkel (FR) at third place due to their market share of 8%, 5%, and 3% respectively.
Top Key Players in the Dry Mortar Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Dry Mortar Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Sika (CH), Saint-Gobain Weber (FR), Henkel (FR), Mapei (IT), Sto (DE), Ardex (DE), BASF (DE), Baumit (AT), Bostik (US), Knauf (DE), CBP (US), Caparol (DE), Cemex (US), HB Fuller (US), Quick-mix (DE), Dryvit Systems (US), Hanil Cement (KR), AdePlast (RO), Forbo (CH), CPI Mortars (UK), Grupo Puma (ES) and others.
Global Dry Mortar Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
SIKA ACQUIRES MORTAR MANUFACTURER IN RUSSIA
Feb 2021 -Sika has agreed to acquire Kreps LLC, a leading mortar manufacturer in Russia. The company offers a wide range of mortar products for interior and exterior finishing, complementing the existing portfolio and geographical footprint. The acquired business generates annual sales of CHF 15 million. The transaction is subject to clearance by the local anti-trust authorities.
Dry Mortar Market is segmented based on the type, applications, companies, and regions.
By Type, Dry Mortar Market has been segmented into
By Application, Dry Mortar Market has been segmented into
By End-user Industry application, Dry Mortar Market has been segmented into
The report offers an in-depth assessment of the growth and other aspects of the Dry Mortar Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
China is among the global Dry Mortar Market drivers in the consumption of dry mix products, owing to the huge infrastructure and residential growth taking place in the country. In China, the construction industry grew at a strong pace in the Previous Year, but the growth was restricted due to the pandemic situation. The construction sector supported the economic growth in the country whenever major slowdowns occurred.
The rising household income levels, combined with the population migrating from rural to urban areas, are expected to continue to drive demand for the residential construction sector in the country. The increased focus on affordable housing by both the public and private sectors is also driving the growth in the residential construction sector.
Even non-residential infrastructure is expected to grow considerably. The aging population in the country is creating demand for the construction of healthcare facilities and new hospitals. The structural changes happening in the Chinese economy over the past few years, with the service sector taking a larger share in the total GDP, gave rise to the construction of huge commercial and office spaces.
The country has the largest construction Dry Mortar Market in the world, encompassing 20% of all construction investments globally. China is expected to spend nearly USD 13 trillion on buildings by 2030, creating a positive market outlook for construction materials such as dry mix mortar. According to the National Bureau of Statistics of China, the construction output value in the country increased from CNY 9.6 trillion to CNY 26.39 trillion
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 3.3% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Sika (CH), Saint-Gobain Weber (FR), Henkel (FR), Mapei (IT), Sto (DE), Ardex (DE), BASF (DE), Baumit (AT), Bostik (US), Knauf (DE), CBP (US), Caparol (DE), Cemex (US), HB Fuller (US), Quick-mix (DE), Dryvit Systems (US), Hanil Cement (KR), AdePlast (RO), Forbo (CH), CPI Mortars (UK), Grupo Puma (ES) |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Dry Mortar Market is studied from 2017 - 2027.
What is the growth rate of Dry Mortar Market?
The Dry Mortar Market is growing at a CAGR of 3.3% over the next 5 years.
Who are the key players in Dry Mortar Market?
Sika (CH), Saint-Gobain Weber (FR), Henkel (FR), Mapei (IT), Sto (DE), Ardex (DE), BASF (DE), Baumit (AT), Bostik (US), Knauf (DE), CBP (US), Caparol (DE), Cemex (US), HB Fuller (US), Quick-mix (DE), Dryvit Systems (US), Hanil Cement (KR), AdePlast (RO), Forbo (CH), CPI Mortars (UK), Grupo Puma (ES)
What region does this Dry Mortar Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Dry Mortar Market?
Bricklaying/ Masonry mortar, Floor screeds include thick Floor screeds and thin Floor screeds (SLU), Tile adhesives/ grouts, Wall renders and plasters (interior and exterior), EIFS Products (major EPS and XPS), Others
What are the major end-use applications of Dry Mortar Market?
Plaster, Render, Tile Adhesive, Grout, Water Proofing Slurry, Concrete Protection and Renovation, Insulation and Finishing Systems, Other Applications
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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