Europe Dry Mix Mortar Market: Industry Analysis and Forecast (2024-2030) by Industry Vertical, Application and Admixture

Europe Dry Mix Mortar Market Definition:

The growth in Europe Dry Mix Mortar Market is due to the increasing focus on residential sector as the Europe region is undergoing urbanisation especially the eastern region due to increase in per capita income and new found economic growth. As Dry Mix Mortar is widely used in the residential complex segment due to its ability to deliver smooth and highly refined external finishing the market is projected to grow at a significant rate during the forecast period. This growth is also due to the increasing focus on eastern European region, for instance Cities such as Budapest, Prague, and Warsaw are showing strong signals of development and attracting purchasers who are willing to take a risk, particularly in Hungary's key markets, where the political atmosphere has created some uncertainty. Hence the Dry Mix Mortar market is projected to witness significant growth rate during the forecast period (2022-2027).

The global pandemic had the least impact on infrastructure construction in the Europe region, which is predicted to have a favourable outlook during the forecast period. The Italian government intends to use a large portion of the EU recovery budget to invest in transportation infrastructure. The building of the Turin-Lyon high-speed railway line has been budgeted at over €1 billion, while the Palermo-Messina-Catania train has been budgeted at €4.5 billion. In addition, the government intends to spend approximately €2.6 billion on a direct high-speed link between Naples and Bari in Southern Italy. All the above infrastructure related work will have high demand for Dry Mix Mortar and hence drive the Dry Mix Mortar Market upwards.

Europe Dry Mix Mortar Market Dynamics:

The Dry Mix Mortar Market in Europe has faced a significantly halt in growth as a result of the pandemic, as it is directly linked to the construction sector, which has suffered major losses as a result of the lockdowns, particularly in regions like Italy. The market trend has been more unclear than ever because there have never been such lockdowns in recent history. Since August 2020, total building output has decreased by 11.5 percent, with a somewhat more positive estimate of 9.1 percent that was estimated earlier during the peak of pandemic impact. The spring lockdown resulted in a significant decrease in COVID-19 instances, which improved in the summer of 2021 that has helped the Dry Mix Mortar Market grow. Reduced limitations made the situation worse in the meantime, with case numbers nearly as high as they were before the lockdown in the spring, prompting the introduction of additional restrictive guidelines. Nonetheless, the construction industry was in good shape before the pandemic, with full order books, so a significant downward revision is unlikely further from the recovery point that occurred in the first half of 2022.

The residential construction segment of the Dry Mix Mortar Market with respect to the Industrial vertical was the worst hit during the pandemic as construction of non-residential buildings is the most vulnerable to the crisis, which is logical given that the commercial building industry includes hotels, restaurants, and recreational facilities, which were among the hardest hit by the pandemic. The crisis had a similar impact on the office construction industry, since investment decisions are heavily reliant on a stable economic environment. Even before the pandemic, some caution prevailed on the market in nations such as the UK and Germany, where office projects were only built if the pre-letting rate was greater than 50% or if they were completely vacant. The UK and Spain had the sharpest declines among the five countries, with GDP declines of about 20% in both. The economic drop was less severe in France, Italy, and, particularly, Germany, where the lockdown time was the shortest. This helps to explain why the building industries in the United Kingdom and Spain were struck the worst, while the other three countries were largely unaffected. In 2020, the total construction volume in the five focal nations was estimated to be approximately 1,000 billion euros. Building construction is the most important segment, accounting for 80% of the overall volume

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Since Dry Mix Mortar Market is closely associated with the construction sector of the European region it is important to analyse the impact of pandemic in order to estimate the growth rate of the Dry Mix Mortar Market during the forecast period. Amongst all the countries in the Europe region, UK and Spain have had the sharpest declines among the five countries, with GDP declines of about 20% in both. In the second quarter of 2020, the economic drop was less severe in France, Italy, and, particularly, Germany, where the lockdown time was the shortest. This is one of the probably reasons why the construction market in the United Kingdom and Spain were struck the worst, while the other three countries were largely unaffected. In 2020, the total construction volume in the five focal nations was estimated to be approximately 1,000 billion euros. Building construction is the most important segment, accounting for 80% of the overall volume.

Europe Dry Mix Mortar Market Segment Analysis:           

On the basis of industry vertical, commercial construction is projected to dominate the Europe Dry Mix Mortar market as it is a growing market in the Europe region. During the forecast period the residential construction segment is also projected to experience significant growth. The reduction in stamp duty on the sale of new homes has fuelled the growing demand for housing among UK citizens, resulting in a far faster increase in new orders which is projected to fuel the Dry Mix Mortar Market in Europe region. In addition, the German market continues to see robust demand for residential building. Building construction improved by 0.7 percent in November 2020 over October 2020 in the EU-27, while civil engineering improved by 3.0 percent. Construction of buildings and civil engineering improved by 1.0 percent and 3.1 percent, respectively, in the eurozone. All these factors are projected to fuel the Dry Mix Mortar Market during the forecast period.

On the basis of application, rendering segment is projected to dominate the Europe Dry Mix Mortar Market as the primary focus of all the countries in the European region is to strengthen the commercial construction segment in terms of industry vertical and this indicates that high quality exterior finishing shall be required to produce visually aesthetic outputs for the civil structures being built. Hence, rendering would the first choice of all the stakeholders involved as it delivers highly smooth and complex finishing texture to the civil structure it is being applied on.  

The objective of the report is to present a comprehensive analysis of the Europe Dry Mix Mortar market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 are existing, who they are, and how their product quality is in the Europe Dry Mix Mortar market. The report also analyses if the Europe 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 Europe Dry Mix Mortar market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Dry Mix Mortar market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Dry Mix Mortar market is aided by legal factors.

Europe Dry Mix Mortar Market Scope:

Europe Dry Mix Mortar Key Players:  

• Sika AG (Switzerland)
• Lafarge (France)
• Ardex Group (Germany)
• Saint-Gobain Weber (France)
• Holcim group (Switzerland)
• MAPEI SpA (Italy)
• Henkel AG & Co. KGaA (Germany)
• BASF (Germany)
• Vinci (France)
• Eiffage (France)