Dry Mix Mortar Market Size By Application (Plaster, Render, Grout, Waterproofing, Tile Adhesives) By End-user (Residential, Non-Residential), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Apr 2021  |  Report ID: GMI3657  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 165   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Dry Mix Mortar Market size valued at around USD 34.45 billion in 2020 and will exhibit a growth rate of over 5.5% CAGR from 2021 to 2027. Increasing government initiatives for infrastructural development in developing economies, such as India, China, and Indonesia, are projected to boost the consumption of dry mix mortar.
 

Dry Mix Mortar Market

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Cost-effectiveness and ease to use will influence the dry mix mortar demand. Growing population and increasing disposable income will drive the construction industry.
 

The rising usage of dry mix mortar in commercial and institutional sectors, especially in developed regions including Europe and North America, is further expected to spur the overall industry. Rapid growth in commercial construction activities mainly in the U.S., Italy, and Russia has further propelled the consumption of building materials, thereby boosting the dry mix mortar market growth. The rising application of dry mix mortar as tile adhesives and renders is likely to propel the dry mix mortar demand. This mortar includes special additives that help to reduce the risk of cracks and improve the workability of renders and the bonding capacity to the background.
 

Rising application of dry mix mortar for render will complement the industry growth

The render segment held the largest market share of around 41% in 2020 and is anticipated to grow at around 5.5% CAGR through 2027. Almost every construction includes rendering to achieve deliberately smooth and textured surfaces, increasing the usage of dry mix mortar for rendering. The render is sucked from the silo through a hose and poured onto the walls with specialized equipment designed for the job. Furthermore, the tile adhesives segment is estimated to observe the highest CAGR of more than 5.9% during the forecast period. Dry mix mortar offers superior properties such as open time, slip resistance, workability, and excellent adhesion; thus, the surging new construction activities are enhancing the consumption of dry mix mortar as tile adhesives.
 

The increasing application of dry mix mortar in the non-residential sector will drive the overall market

Dry Mix Mortar Market

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The non-residential segment dominated the dry mix mortar market and is forecast to achieve a 5.5% CAGR from 2021 - 2027. Rising adoption of the product in various commercial and industrial sectors especially in developing countries is poised to fuel the segment demand. With growing urbanization, commercial construction is increasing rapidly in many emerging nations, which is one of the key factors influencing industry outlook.
 

The residential segment is set to account for around 33% market share in 2027, in terms of revenue. The residential construction activities in countries, such as India and China, are likely to propel product demand. For instance, the construction industry in India is predicted to report revenue of over USD 1 trillion by 2030, which will further provide new opportunities for dry mix mortar in the residential segment.
 

Asia Pacific to witness significant growth

Global Dry Mix Mortar Market

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Asia Pacific dominated the global dry mix mortar market on account of the surging commercial and infrastructural constructions, especially in the emerging economies such as China, India, Japan, Indonesia, and South Korea. Additionally, the growing population in India and China is largely contributing to an increase in residential construction, which will spur the overall consumption of dry mix mortar. In India, NMIA is one of the world's largest greenfield airport projects, with a capacity of 60 million passengers per year by 2030. It is projected to handle 10 million passengers in its first year of service. When completed, NAMI will span 11.6 square kilometers, with two parallel runways and a terminal building in the center.
 

North America is expected to witness considerable growth owing to the growing construction activities in the region. The rapid surge in institutional and commercial construction in the U.S. is driving the regional market.
 

Product expansion is the major strategic outlooks of the overall industry

Global dry mix mortar market players majorly focus on expanding their product range to enhance their manufacturing capacities. Companies are expanding their manufacturing capacities and regional presence in emerging economies. Some of the key manufacturers include The Ramco Cements Ltd, Parex Group, Sika AG, Colmef Monelli, Mapei SpA, Samex SAB de CV, RCMPL, DowDuPont, Saint-Gobain Weber, LafargeHolcim, CEMEX, Wacker Chemie AG, Saudi Readymix, WUENSCH PLASTER, Ardex Group, and UltraTech Cement Ltd, among others.
 

This market research report on dry mix mortar includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD billion from 2017 to 2027 for the following segments:

Market, By Application

  • Plaster
  • Render
  • Grout
  • Waterproofing
  • Tile Adhesives
  • Others

Market, By End-user

  • Residential
  • Non-residential

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The industry size of dry mix mortars reached over USD 34.45 billion in annual revenue in 2020 and will rise at a 5.5% CAGR up to 2027 owing to the surge in government initiatives for infrastructural development across emerging economies, like India, China, and Indonesia.
The render application segment contributed to over 41% of the dry mix mortar market share in 2020 will expand at a rate of 5.5% through 2027 with the rise in new construction activities.
The market size from the non-residential end-user segment is anticipated to strike a 5.5% CAGR in the coming years with increasing adoption of dry mix mortars across several commercial and industrial sectors in the developing countries.
The APAC region held a significant dry mix mortar revenue share and is set to witness inclination owing to a higher number of commercial and infrastructural constructions across China, India, Japan, Indonesia, and South Korea.

Premium Report Details

  • Published Date: Apr 2021
  • Pages: 165
  • Tables: 137
  • Charts / Figures: 10
  • Companies covered: 15
  • Countries covered: 18

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