Dry Mix Mortar Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3657
Dry Mix Mortar Market will witness a significant growth in coming years owing to the increasing construction activities in Asia Pacific region and increasing residential construction in the U.S.
Dry mix mortar has good workability and excellent sag resistance. Its superior tensile and compressive flexural strength, water resistance ability, flexibility and consistent quality enhances the overall quality of the structure. Dry mix mortar provides better surface finish and appearance, requires less supervision and ensures a long-term security of the structures. Moreover, its ease of usage and cost-effectiveness will drive the dry mix mortar market growth in coming years.
Rising construction activities, especially in the Asia Pacific region, is one of the major factors that will boost the growth of global dry mix mortar market. Increasing population, growing disposable income, increasing government initiative for infrastructure development, availability of raw materials, and low labor cost will prosper the construction industry in the region. The global construction spending is majorly contributed by the emerging economies. China, India and Japan drive the construction market in the Asia Pacific region. China, the largest construction market in the world, has more than 300 construction projects including industrial, infrastructural, residential and commercial projects in Beijing pipelined for 2019 which is worth over USD 30 billion. Apart from this, NDRC (The National Development and Reform Commission) has approved 27 projects worth over USD 200 billion in Shanghai, Wuhan, Jiangsu province, Guangdong province, Shaanxi province, Suzhou, Changchun, Guangxi province, Chongqing and Hangzhou for infrastructure development in the country. Japan on the other hand, is investing heavily in the construction and infrastructure projects of the emerging economies. Meanwhile in India, the second fastest growing construction market in the region, several construction projects such as Delhi-Mumbai Industrial Corridor, Navi Mumbai International Airport, World One Tower, etc. are to be completed by 2019. This ongoing trend in these major countries coupled with private investments for infrastructure development in the South East Asian countries will drive the construction industry, which in turn will prosper the demand of dry mix mortar in the region.
Increasing residential construction activities in the U.S. is another factor that will propel the demand for dry mix mortar in near future. The residential construction spending in the U.S. was increased by 25% between 2014 to 2018. This can be attributed to the higher disposable income and high standard of living in the region, and will drive the dry mix mortar demand in coming years. However, the rise of green construction coupled with strict government regulations might hamper the growth of global dry mix mortar market in coming years.
Dry mix mortar market is segmented based on application, end-use and region. Based on application, market is segmented into plaster, render, grout, waterproofing, tile adhesives, and others which is further sub-segmented into concrete protection & renovation, insulation & finishing systems, etc. Render application is likely to dominate this segment as almost every construction includes rendering to achieve deliberately textured and smooth surfaces. Dry mix mortar contains special additives that favor renders by increasing their workability, reducing the risk of cracks and enhancing the bonding capacity to the background. Escalating construction activities in developing as well as developed economies will drive the growth of the render application segment. Based on end-use, dry mix mortar market is segmented into residential and non-residential constructions. Non-residential end-use segment will dominate the segment owing to the heavy private investments in the infrastructure development, and rapidly increasing commercial and institutional construction.
Some of the key market players of dry mix mortar market are Parex Group, Sika AG, Samex SAB de CV, Ardex Group, RCMPL, The Ramco Cements Ltd, Dow DuPont, LafargeHolcim, Saint-Gobain Weber, CEMEX, etc. The top players in the market are focusing on product innovation, business expansion through mergers and acquisitions, production capacity expansion to gain competitive advantage. Sika AG opened a facility in Mexico for the production of mortar which has helped the company to enhance its position in the Latin America region.
Dry Mix Mortar Market, By Application, 2014-2025
- Tile Adhesive
Dry Mix Mortar Market, By End-Use, 2014-2025
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Parex Group
- Sika AG
- Mapei SpA
- Samex SAB de CV
- Ardex Group
- The Ramco Cements Ltd
- Dow DuPont
- Saint-Gobain Weber
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