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Dry Mix Mortar Market Size
- Report ID: GMI3657
- Published Date: Apr 2021
- Report Format: PDF
Dry Mix Mortar Market Size
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.
Cost-effectiveness and ease to use will influence the dry mix mortar demand. Growing population and increasing disposable income will drive the construction industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Dry Mix Mortar Market Size in 2020: | 34.45 Billion (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 5.5% |
| 2027 Value Projection: | 49.73 Billion (USD) |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 165 |
| Tables, Charts & Figures: | 147 |
| Segments covered: | Application, End-User and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Dry Mix Mortar Market Scope
