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The size of the global dry mix mortar market, which was estimated to be worth USD 53.19 billion in 2022, is expected to increase over the forecast period (2023-2030), rising from USD 55.79 billion in 2023 to USD 86.59 billion by 2030, expanding at a CAGR of 6%.
Due to its widespread use in the building industry, the dry mix mortar market has experienced tremendous expansion recently. In comparison to conventional wet mix processes, dry mix mortar has advantages such as improved workability, durability, and time efficiency. Growing need for affordable and environmentally friendly construction solutions, particularly in developing nations, has boosted the industry. The market has grown as a result of factors such urbanization, infrastructural improvement, and rising residential construction.
Additionally, market growth has been accelerated by technological developments in manufacturing procedures and the addition of additives to enhance mortar performance. There are both established firms and recent newcomers in the market, which creates a competitive environment. However, issues including varying raw material costs and regional variations in construction methods could have an impact on market expansion. The demand for effective and high-quality building solutions globally is expected to drive the dry mix mortar market as the construction industry continues to change.
Rendering is used to coat the outside surfaces of buildings and contains a higher percentage of cement in its composition. Buildings' outer façades can be made to look better by using rendering, which also has waterproofing and fireproofing advantages. To satisfy the demanding performance criteria typical in the present building environment, dry mix materials offer exceptional technical features. Dry mix mortar solutions are also cost-effective since they minimize potential building issues by guaranteeing the long-term durability of structures with a straightforward materials strategy. Only the addition of water is necessary to create a render that is appropriate because dry mixed mortar already has a perfect combination of components. Dry mix mortar contains unique chemicals that make renders easier to work with, aid in their adhesion to the backdrop, and lower their danger of cracking. They can also be utilized as finishing touches. Almost all building applications use rendering to create a smooth or purposefully textured surface. Over the projection period, rising construction activity is anticipated to fuel demand for dry mix mortar.
One of the main trends where there is a considerable demand for dry mix mortar is the expanding construction of high bridge in China. This will also drive up demand in the market for dry mix mortar globally. According to estimates, China will build 50 high bridges over the next few years, creating a sizable market opportunity for dry mix mortar. Additionally, the creation of new megacities in China to facilitate the movement of people between cities has increased demand for dry mix mortar. Additionally, the market for dry mix mortar will be impacted by China's status as the leading emerging market.
The population boom in developing countries like China and India has significantly accelerated the growth of the dry mix mortar market. The need for additional services and infrastructure due to the growing population is what drives the demand for goods like dry mix mortar. Leading financial institutions are stepping up their efforts in both sovereign and non-sovereign infrastructure investments, helping to advance the construction industry overall. One example is the Asian Development Bank. The demand for goods and services in the dry mix mortar market is anticipated to benefit significantly from this increased expenditure.
The market trend of the worldwide dry mix mortar business is significantly constrained by the fluctuation in raw material prices. Cement, aggregates, and chemical additives are only a few of the raw components used to make dry mix mortar. The pricing and profitability of dry mix mortar products can be considerably impacted by the unpredictability of these key component price fluctuations to the entire cost of production. Manufacturers face difficulties in maintaining steady profit margins and aggressive pricing strategies as a result of the volatility in the price of raw materials. As a result, the market trend must navigate these pricing variations and any potential effects they may have on the dynamics of the entire industry.
Report Coverage
Global Dry Mix Mortar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dry Mix Mortar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dry Mix Mortar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dry Mix Mortar market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dry Mix Mortar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dry Mix Mortar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ardex Group (Germany), Sika AG (Switzerland), Wacker Chemie AG (Germany), Parex Group (France), Samex (India), Colmef Monelli (Italy), Mapei SpA (Italy), SAB de CV (Mexico), WUENSCH PLASTER (India), UltraTech Cement Ltd (India), LafargeHolcim (Switzerland), The Ramco Cements Ltd (India), CEMEX S.A.B. de C.V. (Mexico), Saudi Readymix (Saudi Arabia), Saint-Gobain (France), DowDuPont (USA), MAPEI S.p.A. (Italy), ASF SE (Germany), Knauf (Germany), Tarmac (UK), Cemix (New Zealand), 3M, CCC DRYMIX, CONMIX, Dico Fix, DMC, Emix, Grand Aces Ventures, Henkel, Laticrete, Mortar & Plaster, Plaxit, Poraver, Pye Products, Ramco, Saveto, Sika, TECON, Veeco/CNT
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dry Mix Mortar market based on the below-mentioned segments:
Global Dry Mix Mortar Market, By Type
Generic Dry Mix Mortar
Customized Dry Mix Mortar
Global Dry Mix Mortar market, By Application
Industrial
Residential
Infrastructure
Commercial
Global Dry Mix Mortar Market, By End User
Tile Adhesives
Plasters
Waterproofing
Grouts
Renders
Global Dry Mix Mortar market, Regional Analysis
Due to its widespread use in the building industry, the dry mix mortar market has experienced tremendous expansion recently. In comparison to conventional wet mix processes, dry mix mortar has advantages such as improved workability, durability, and time efficiency. Growing need for affordable and environmentally friendly construction solutions, particularly in developing nations, has boosted the industry. The market has grown as a result of factors such urbanization, infrastructural improvement, and rising residential construction.
Additionally, market growth has been accelerated by technological developments in manufacturing procedures and the addition of additives to enhance mortar performance. There are both established firms and recent newcomers in the market, which creates a competitive environment. However, issues including varying raw material costs and regional variations in construction methods could have an impact on market expansion. The demand for effective and high-quality building solutions globally is expected to drive the dry mix mortar market as the construction industry continues to change.
Rendering is used to coat the outside surfaces of buildings and contains a higher percentage of cement in its composition. Buildings' outer façades can be made to look better by using rendering, which also has waterproofing and fireproofing advantages. To satisfy the demanding performance criteria typical in the present building environment, dry mix materials offer exceptional technical features. Dry mix mortar solutions are also cost-effective since they minimize potential building issues by guaranteeing the long-term durability of structures with a straightforward materials strategy. Only the addition of water is necessary to create a render that is appropriate because dry mixed mortar already has a perfect combination of components. Dry mix mortar contains unique chemicals that make renders easier to work with, aid in their adhesion to the backdrop, and lower their danger of cracking. They can also be utilized as finishing touches. Almost all building applications use rendering to create a smooth or purposefully textured surface. Over the projection period, rising construction activity is anticipated to fuel demand for dry mix mortar.
One of the main trends where there is a considerable demand for dry mix mortar is the expanding construction of high bridge in China. This will also drive up demand in the market for dry mix mortar globally. According to estimates, China will build 50 high bridges over the next few years, creating a sizable market opportunity for dry mix mortar. Additionally, the creation of new megacities in China to facilitate the movement of people between cities has increased demand for dry mix mortar. Additionally, the market for dry mix mortar will be impacted by China's status as the leading emerging market.
The population boom in developing countries like China and India has significantly accelerated the growth of the dry mix mortar market. The need for additional services and infrastructure due to the growing population is what drives the demand for goods like dry mix mortar. Leading financial institutions are stepping up their efforts in both sovereign and non-sovereign infrastructure investments, helping to advance the construction industry overall. One example is the Asian Development Bank. The demand for goods and services in the dry mix mortar market is anticipated to benefit significantly from this increased expenditure.
The market trend of the worldwide dry mix mortar business is significantly constrained by the fluctuation in raw material prices. Cement, aggregates, and chemical additives are only a few of the raw components used to make dry mix mortar. The pricing and profitability of dry mix mortar products can be considerably impacted by the unpredictability of these key component price fluctuations to the entire cost of production. Manufacturers face difficulties in maintaining steady profit margins and aggressive pricing strategies as a result of the volatility in the price of raw materials. As a result, the market trend must navigate these pricing variations and any potential effects they may have on the dynamics of the entire industry.
Report Coverage
Global Dry Mix Mortar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dry Mix Mortar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dry Mix Mortar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dry Mix Mortar market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ardex Group (Germany), Sika AG (Switzerland), Wacker Chemie AG (Germany), Parex Group (France), Samex (India), Colmef Monelli (Italy), Mapei SpA (Italy), SAB de CV (Mexico), WUENSCH PLASTER (India), UltraTech Cement Ltd (India), LafargeHolcim (Switzerland), The Ramco Cements Ltd (India), CEMEX S.A.B. de C.V. (Mexico), Saudi Readymix (Saudi Arabia), Saint-Gobain (France), DowDuPont (USA), MAPEI S.p.A. (Italy), ASF SE (Germany), Knauf (Germany), Tarmac (UK), Cemix (New Zealand), 3M, CCC DRYMIX, CONMIX, Dico Fix, DMC, Emix, Grand Aces Ventures, Henkel, Laticrete, Mortar & Plaster, Plaxit, Poraver, Pye Products, Ramco, Saveto, Sika, TECON, Veeco/CNT |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Dry Mix Mortar Market from 2021 to 2030.
- Market Forecast for Dry Mix Mortar Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Dry Mix Mortar competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Dry Mix Mortar
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dry Mix Mortar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dry Mix Mortar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ardex Group (Germany), Sika AG (Switzerland), Wacker Chemie AG (Germany), Parex Group (France), Samex (India), Colmef Monelli (Italy), Mapei SpA (Italy), SAB de CV (Mexico), WUENSCH PLASTER (India), UltraTech Cement Ltd (India), LafargeHolcim (Switzerland), The Ramco Cements Ltd (India), CEMEX S.A.B. de C.V. (Mexico), Saudi Readymix (Saudi Arabia), Saint-Gobain (France), DowDuPont (USA), MAPEI S.p.A. (Italy), ASF SE (Germany), Knauf (Germany), Tarmac (UK), Cemix (New Zealand), 3M, CCC DRYMIX, CONMIX, Dico Fix, DMC, Emix, Grand Aces Ventures, Henkel, Laticrete, Mortar & Plaster, Plaxit, Poraver, Pye Products, Ramco, Saveto, Sika, TECON, Veeco/CNT
Primary Target Market
- Market Players of Dry Mix Mortar
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dry Mix Mortar market based on the below-mentioned segments:
Global Dry Mix Mortar Market, By Type
Generic Dry Mix Mortar
Customized Dry Mix Mortar
Global Dry Mix Mortar market, By Application
Industrial
Residential
Infrastructure
Commercial
Global Dry Mix Mortar Market, By End User
Tile Adhesives
Plasters
Waterproofing
Grouts
Renders
Global Dry Mix Mortar market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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