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Global Dry Mix Mortar Market Insight 2022-01-29 Comments

The Dry Mix Mortar is forecast to rapid growth over the next few years. According to the WK-chem Research “Global Dry Mix Mortar Professional Survey Report 2022, Forecast to 2027”, The rise of the construction industry in both developed and developing economies is leading the demand for the global dry mix mortar market.. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.66% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
The emerging trend of green building certification is likely to be an opportunity for the future, said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. The dry mix mortars market is fragmented in nature, and by innovating products or seeking cooperation, it may be an opportunity for small businesses to compete with the leading manufacturers in the market.
Market insight:
Dry mix products have excellent technical properties to meet the stringent performance requirements common in current construction scenarios. Additionally, the use of dry mix mortar products is economical as they reduce potential construction issues with long-term integrity structures through a simple material approach, so this product is currently an indispensable material in construction crews. Dry mix mortars contain precisely mixed materials that require only the addition of water to produce a suitable plaster. Dry mix mortars contain special additives that increase the workability of the plasters and help them bond to the background and reduce the risk of cracking. They can also be used in decorative finishes, and almost all architectural applications today are rendered for smooth or intentionally textured surfaces. Therefore, the downstream market for dry mix mortar is relatively broad, and with the support of the expanding residential sector, the global construction industry is expected to continue to maintain relatively steady growth during the forecast period, thereby promoting the synergistic development of the dry mix mortar industry.
The market was negatively impacted by COVID-19 in 2020. Dry mix mortar finds its major application in the construction industry, where it is used in plasters, grouts, waterproofing slurries, tile adhesives, and others. Considering the COVID-19 scenario, the private and government construction activities were on a temporary halt during the government-imposed lockdown, which led to a decrease in the consumption of dry mix mortar used in the construction works the demand for the dry mix mortar market. However, the construction sector is picking up the pace in the post-pandemic scenario. Thus, this will enhance the market demand for dry mix mortar in the coming years.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Dry Mix Mortar companies that include 3M, ARDEX, CCC DRYMIX, Cemex, Saint-Gobain, Colmef, CONMIX, Dico Fix, DMC, Emix, Grand Aces Ventures, Henkel, LafargeHolcim, Laticrete, Mortar & Plaster, Plaxit, Poraver, Pye Products, Ramco, Saudi Readymix Concrete, Saveto, Sika, TECON, Veeco/CNT, Wuensch Plaster.
Segmentation of Dry Mix Mortar Market:
Dry mix mortars can be divided into generic dry mix mortars and customized dry mix mortars according to the type. According to the application, the product can be divided into plaster, render, grout, waterproofing, Tile Adhesives. The render segment occupies the largest market share. Rendering is included in almost every building to achieve an intentionally smooth and textured surface, increasing the use of dry mix mortar for rendering. Renders were sucked out of the silo via hoses and poured onto the wall with specialized equipment designed for the job. Furthermore, the tile adhesives segment is expected to grow at the highest CAGR during the forecast period. Dry mix mortar has excellent properties such as open time, slip resistance, workability and excellent adhesion; therefore, the surge in new construction activity is increasing the consumption of dry mix mortar as a tile adhesive.
The growing popularity of this product in various commercial and industrial sectors, especially in developing countries, is expected to drive the demand in the non-residential segment. Commercial construction is rapidly increasing in many emerging countries as urbanization accelerates, which is one of the key factors affecting the industry outlook.
Dry Mix Mortar Market: Regional Analysis
In terms of geography, the global Dry Mix Mortar market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region dominates the global dry mix mortar market, especially in emerging economies such as China, India, Japan, Indonesia, and South Korea, owing to the rapid development of commerce and infrastructure construction. China will dominate the Asia Pacific market due to huge growth in infrastructure and residential. Rising household income levels in China coupled with population migration from rural to urban areas are expected to continue to drive demand for the country’s residential construction industry. The growing focus on affordable housing in both the public and private sectors is also driving the growth of the residential construction industry. Even non-residential infrastructure is expected to grow substantially. The country’s aging population is creating demand for medical facilities and the construction of new hospitals. In the past few years, China’s economy has undergone structural changes, with the service industry accounting for an increasing proportion of GDP, which has spawned the construction of huge commercial and office spaces. Hence, the aforementioned factors are expected to have a significant impact on the dry mix mortars market in the coming years.
Cagr: 5.66%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Generic Dry Mix Mortars and Customized Dry Mix Mortars
Application:Plaster, Render, Grout, Waterproofing, Tile Adhesives
Leading Company:Sika, Saint-Gobain, Ardex GmbH, 3M, Cemex