Dry Mix Mortar Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Industry Vertical, Application, Admixtures and Region

Dry Mix Mortar Market Overview:

The Dry Mix Mortar market is segmented into industry vertical, application, admixtures and region. On the basis of industry vertical, the Dry Mix Mortar Market is segmented into Residential Construction, Industrial Construction, Commercial Construction, Institutional Construction, Municipal Construction and Others. On the basis of application, the market is segmented into Plaster, Render, Grout, Waterproofing, Tile Adhesive and Others. On the basis of admixtures, the market is segmented into Methyl Hydroxyethyl Cellulose (MHEC), Methyl hydroxypropyl Cellulose (MHPC), Methyl Cellulose, Re-Dispersible Polymer Powder and Others. Geographically the Dry Mix Mortar Market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America.

 

 

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Dry Mix Mortar Market Dynamics:

Dry Mix Mortar Market is critical to the growth of the construction materials market today. These mortars are important not only for the aesthetic finish of a structure, but they are also becoming increasingly important for thermal insulation and enhancing construction efficiency. New applications are being created all over the world, with the fastest growth rates currently in developing economies. They are aimed at specific targets in the construction industry as well as the general public (e.g., environmental issues). The growing use of Dry Mix Mortar in commercial and institutional applications, particularly in developed regions such as Europe and North America, is likely to boost the industry's overall growth. Rapid growth in commercial construction activity, particularly in the United States, Italy, and Russia, has pushed up demand for building materials, leading to increasing growth rate of the Dry Mix Mortar market. The growing use of dry mix mortar as tile adhesives and renders is expected to drive demand for the product. This mortar has specific additives that serve to limit the possibility of cracks while also improving render workability and background bonding capacity.

 

One of the major advantages of Dry mix mortar is that it is a versatile substance that is widely used and gaining popularity in the construction sector across the world. Cement and sand are mixed together to make mortar. It can be used as an adhesive substance to lay bricks and other masonry blocks, to fix tiles, and to coat buildings as renders, among other things, while not having the same strength as concrete. Despite the fact that concrete is more durable and stronger than mortar, the latter, which is made up of water, cement, and sand, has a higher water-to-cement ratio. In 2020, the render sector had the greatest market share of over 41%, and it is expected to keep growing at a CAGR of around 5.5 percent during the forecast period. Rendering is used in almost every civil structure to generate exceptionally smooth and textured surfaces, which is increasing the use of dry mix mortar for rendering. The render is sucked from the silo via a hose and poured onto the walls using specially constructed equipment. Moreover, the tile adhesives segment is expected to grow at the fastest rate, with a CAGR of more than 6% over the projected period.

 

In terms of market drivers, the high growth rate of Dry Mix Mortar Market is due to the technical advantages that the product offers over other conventional substitutes. Dry Mix Mortar has better features such as open time, slide resistance, workability, and high adhesion; as a result, the increasing use of Dry Mix Mortar as tile adhesives is increasing. Dry mix products have exceptional technical features that allow them to meet the high-performance standards that are prevalent in today's construction environment. Furthermore, using Dry Mix Mortar products is cost effective because they eliminate potential building issues by ensuring the long-term structural integrity of constructions using a simple materials strategy. The Dry Mixed Mortar has a precise balance of components and just needs water to make an appropriate render. Special additives in dry mix mortar increase render workability, assist them attach to the backdrop, and lessen the chance of cracking. They can also be utilized to provide a decorative touch to a room.

 

Moreover, the technical superiority of Dry Mix Mortar is the driving factor of the Dry Mix Mortar Market during the forecast period. Mortar has a heavier consistency, making it an excellent brick and tile adhesive and bonding agent. Dry mix mortar provides various competitive benefits over traditional mortar that is created or mixed on site, such as consistency in quality, convenience of mixing and application, improved flexibility, better finish and surface look, and so on. Furthermore, because dry mix mortar can be accurately metered and measured for the appropriate application, on-site waste of materials and resources can be eliminated. One of the most significant advantages of dry mix mortar is that it saves time because it can be readily mixed, stirred, and pumped by machine, making the entire process more efficient. Another advantage of Dry Mix Mortar is that it can be transported easily either in bags or in silos. Dry Mix Mortar requires water to be mixed only prior to use and no special treatment is required to use it after mixing it with water.

 

The global Dry Mix Mortar market is also being driven by factors such as increasing global population, disposable income, and urbanization. Another key aspect driving global demand for Dry Mix Mortar is the increased usage of green building products for environmental reasons. Although concrete is preferred for structural work such as establishing posts because of its higher strength, mortar and dry mix mortar are a better bonding agent for bricks, stones, and other construction materials because of their stronger adhesive capabilities. Dry mix mortar is often used for laying bricks and other masonry blocks, as well as fastening tiles and rendering buildings. Another factor boosting the growth of Dry Mix Mortar market is governmental regulation. Since the adoption of the Kyoto Protocol in 1997, government rules on pollution and emission limits have been increasingly stringent around the world. Green building materials are becoming more widely used in the construction industry as a solution to issues such as climate change, natural resource depletion, increased air pollution, poisoning of freshwater resources, and biodiversity loss.

 

In terms of market restraints, the Dry Mix Mortar market growth can be hampered due to its inability to be used for major repairing work or filling major cracks. Dry Mix Mortar is only suitable for application where less thickness is required and hence limits the usage of the products on all types of civil or architectural structures.

 

Dry Mix Mortar Market Segment Analysis:

On the basis of industry vertical, the commercial segment is projected to dominate market during the forecast period due to increase in the construction activity for public infrastructure along with requirement for commercial spaces like shopping malls, entertainment parks, multiplexes. Rising population is also one of the factors that is boosting the Dry Mix Mortar market growth rate during the forecast period.

 

On the basis of application, the render segment is projected to dominate the market during the forecast period because Dry Mix Mortar is one of the basic requirements for rendering buildings and architectural structures as it gives rich shiny look and can be used to execute intricate design on the constructed buildings. Rendering is used in almost every civil structure to generate exceptionally smooth and textured surfaces, which is increasing the use of dry mix mortar for rendering

 

 

Dry Mix Mortar Market Regional Insights:

Asia-Pacific region is projected to experience significant growth during the forecast period due to rising commercial and infrastructural developments in emerging economies such as China, India, Japan, Indonesia, and South Korea. Furthermore, ever-increasing populations of countries like India and China are mainly contributing to a significant rise in residential buildings, which is projected to drive up total demand for Dry Mix Mortar. Very recently in November 2021, the Government of India has approved construction of 3.61 lakh houses under PMAY (Pradhan Mantri Awas Yojna) Scheme and overall, this takes the total number of houses being built under this scheme to 1.14 crore units. Similarly, new projects in commercial segments are being approved. For instance, with a capacity of 60 million passengers per year by 2030, NMIA (Navi Mumbai International Airport) is one of the world's largest greenfield airport projects in India. In its first year of operation, it is expected to carry 10 million passengers. NAMI will cover 11.6 square kilometers when completed, with two parallel runways and a terminal building in the center.

 

The North America region is also projected to witness significant growth rate during the forecast period owing to the rising construction activity due to growth of e-commerce in the Unites States and Canada. Since the outbreak of the COVID-19 pandemic, industrial real estate has proved its strength. This has propelled growth in e-commerce and pushed the need for distribution space to new heights. According to a report released in June 2021, the United States would need to install 330 million square feet of warehouse space dedicated to online fulfilment by 2025 in order to keep up with the predicted increase in e-commerce sales during the same time period. Demand for warehouse space in Canada vastly outnumbers availability, resulting in an increase in industrial construction. Following a 32% increase in online sales in 2020, Canada will need an additional 40 million square feet of warehouse space in the next five years to meet demand by 2025. All these requirements will consume Dry Mix Mortar in large quantity and hence drive the Dry Mix Mortar Market upwards during the forecast period.

 

The objective of the report is to present a comprehensive analysis of the Dry Mix Mortar market to the stakeholders in the industry. The report provides trends that are most dominant in the Dry Mix Mortar market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Dry Mix Mortar Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Dry Mix Mortar market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Dry Mix Mortar market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Dry Mix Mortar market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Dry Mix Mortar market. The report also analyses if the Dry Mix Mortar market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Dry Mix Mortar market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Dry Mix Mortar market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Dry Mix Mortar market is aided by legal factors.

 

Dry Mix Mortar Market Scope:

Dry Mix Mortar Market
Market Size in 2023	USD 58.55 Bn.
Market Size in 2030	USD 82.39 Bn.
CAGR (2024-2030)	5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By  Industry Verticals   Residential Construction Industrial Construction Commercial Construction
	By Application Plaster Render Grout
	By Admixtures   Methyl Hydroxyethyl Cellulose (MHEC) Methyl hydroxypropyl Cellulose (MHPC) Methyl Cellulose Re-Dispersible Polymer Powder Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Dry Mix Mortar Market Key Players

• Cemex (Mexico)
• Sika AG (Switzerland)
• Lafarge (France)
• DowDuPont (US)
• Ardex Group (Germany)
• UltraTech (India)
• Saint-Gobain Webe (France)
• 3M (US)
• Conmix (UAE)
• Holcim group (Switzerland)
• Laticrete International Inc (US)
• MAPEI SpA (Italy)
• Plaxit (UAE)
• Ramco Cements Limited (India)
• Henkel AG & Co. KGaA (Germany)
• BASF (Germany)