Dry Mortar Market - A Global and Regional Analysis: Focus on End User, Product, and Region - Analysis and Forecast, 2024 - 2031
This "Dry Mortar Market Research Report" evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Dry Mortar and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. The Dry Mortar market is anticipated to grow annually by 7.1% (CAGR 2024 - 2031).
Introduction to Dry Mortar and Its Market Analysis
Dry mortar is a pre-mixed blend of cement, sand, and other additives that only requires the addition of water to be used as a construction material. It is commonly used for various purposes such as bricklaying, plastering, and tile fixing. The purpose of dry mortar is to simplify the construction process by providing a consistent and uniform mix, thus saving time and labor costs. Advantages of dry mortar include improved workability, reduced wastage, enhanced durability, and faster construction. With the growing demand for efficient and cost-effective building materials, the dry mortar market is projected to see significant growth in the coming years.
Our analysis of the Dry Mortar market adopts a comprehensive approach by examining various aspects of the industry, such as market size, trends, key players, and growth opportunities. The Dry Mortar Market is expected to grow at a CAGR of % during the forecasted period. With a focus on market dynamics, demand-supply scenario, and competitive landscape, our analysis provides valuable insights for stakeholders looking to capitalize on the evolving market trends in the Dry Mortar sector.
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Market Trends in the Dry Mortar Market
1. Sustainable ingredients: Consumers are increasingly looking for eco-friendly and sustainable options in construction materials, leading to the incorporation of recycled materials and natural additives in dry mortar products. This trend is driving market growth for green building materials.
2. Advanced mixing technologies: The use of advanced mixing technologies such as automated batching systems and sensor-based monitoring is improving the efficiency and quality of dry mortar production. These technologies are enhancing product consistency and reducing waste, leading to greater market demand for higher quality products.
3. Customization and personalization: With a growing focus on customization and personalization in construction projects, there is a rising demand for bespoke dry mortar solutions tailored to specific project requirements. This trend is driving market growth for customized dry mortar mixes.
4. Industry collaborations: Collaborations between dry mortar manufacturers and technology companies are leading to the development of innovative products and solutions, driving market growth through enhanced product offerings and improved efficiency in production processes.
Overall, these cutting-edge trends are shaping the dry mortar market by driving innovation, increased sustainability, and improved efficiency, contributing to the overall growth of the industry.
In terms of Product Type, the Dry Mortar market is segmented into:
- 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
Dry mortar can be categorized into various types such as bricklaying/masonry mortar, floor screeds including thick and thin floor screeds (SLU), tile adhesives/grouts, wall renders and plasters for both interior and exterior use, EIFS products (Major EPS and XPS), and other specialized products. Among these types, bricklaying/masonry mortar is the dominating type that significantly holds market share due to its wide application in construction projects. However, the demand for tile adhesives/grouts and EIFS products is also growing rapidly as they offer efficient and cost-effective solutions for building structures.
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In terms of Product Application, the Dry Mortar market is segmented into:
- Construction industry
- Home decoration industry
- Others
Dry mortar is widely used in the construction industry for various applications such as brick laying, plastering, flooring, and tiling. In the home decoration industry, it is used for wall finishing, decorative coatings, and tile grouting. Other applications include repair and maintenance projects, industrial flooring, and waterproofing.
Dry mortar is typically mixed with water on-site to create a paste that can be easily applied to different surfaces. The fastest-growing application segment in terms of revenue is the construction industry, as the demand for new infrastructure and housing projects continues to rise globally.
Overall, dry mortar offers a convenient and efficient solution for a wide range of construction and decoration applications.
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Geographical Spread and Market Dynamics of the Dry Mortar Market
North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea
The Dry Mortar market in
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
These companies are driving market growth through innovations in product offerings, strategic partnerships, and expansion into new markets. Factors such as the rising demand for eco-friendly construction materials, the increasing adoption of dry mix mortar solutions, and the growing infrastructure development projects in the region present significant opportunities for market players to further expand their market presence.
Overall, the
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Dry Mortar Market: Competitive Intelligence
- 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)
Sika, a Swiss company, is a leading player in the dry mortar market, with a strong focus on innovation and sustainability. They have a diverse product portfolio and are known for their high-quality solutions in construction chemicals. Sika has been growing steadily in the past few years, with a revenue of over $8 billion in 2020.
Mapei, an Italian company, is another key player in the dry mortar market, known for its research-driven approach and emphasis on eco-friendly products. They have a global presence and a wide range of products catering to various construction needs. Mapei's revenue in 2020 was around $ billion.
BASF, a German company, is a major player in the dry mortar market, offering a broad range of solutions for construction and industrial applications. They have a strong focus on sustainability and innovation, driving their growth in the market. BASF's revenue in 2020 was approximately $65 billion.
Ardex, a German company, is a well-established player in the dry mortar market, with a reputation for high-performance products and excellent customer service. They have a strong presence in Europe and are expanding their reach in other regions. Ardex's revenue in 2020 was around $1.5 billion.
Sales revenue figures for select companies in the dry mortar market:
- Sika: Over $8 billion
- Mapei: Around $3.5 billion
- BASF: Approximately $65 billion
- Ardex: Around $1.5 billion
Dry Mortar Market Growth Prospects and Forecast
The global dry mortar market is expected to grow at a CAGR of around 6% during the forecasted period, driven by innovative growth drivers such as increasing urbanization, infrastructure development, and the growing construction industry.
To increase growth prospects, companies in the dry mortar market are deploying innovative strategies such as investing in research and development to develop eco-friendly and sustainable products, expanding their product portfolio to cater to a wide range of applications, and focusing on emerging markets with high growth potential.
Trends such as the adoption of ready-to-use dry mix mortars, the use of advanced technology in production processes, and the increasing demand for customized products are expected to further boost the market growth. Additionally, the rising trend of green buildings and sustainable construction practices is driving the demand for dry mortar products that are environmentally friendly.
Overall, the dry mortar market is poised for significant growth with the implementation of innovative deployment strategies and the adoption of emerging trends, making it a lucrative market for manufacturers and suppliers in the construction industry.
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