The dry mortar market is expected to grow at a CAGR of 5.5% during 2022-2027

0

“Dry Mix Mortar Market | IndustryARC »

Growing population in developing countries coupled with increasing demand for infrastructure is driving the dry mortar market.

Dry mortar market The size is expected to be valued at US$50.9 billion by the end of 2027 and is expected to grow at a CAGR of 5.5% during the forecast period of 2022 to 2027. Dry mortar is usually composed of three ingredients such as cement, cement grouts, sand and admixtures such as wall putty, reinforced concrete and others. Dry mortar is a high quality premix used for plastering and masonry activities. It is originally made with cement such as Portland cement with well graded river sand and some admixtures as per dry mix requirements and is used in various applications such as tile adhesives, plastering, grouting tiles, screeds and others. Hence, the increase in the number of construction activities across the globe is mainly driving the demand for the dry mortar market.

Impact of COVID-19

Amid the Covid-19 pandemic, the growth of the dry mortar market has slowed significantly. The production of dry mortar has been drastically reduced, which in turn has affected the functioning of the dry mortar market and disrupted other activities such as marketing, supply chain management and sales of companies specializing in dry mortar products, leaving these companies in huge losses. Additionally, restrictions on import and export activities due to economic lockdown across the globe have affected the growth of the dry mortar market. However, the dry mortar industry is expected to grow in terms of value by the end of the year 2021.

Dry Mortar Market Segment Analysis – By Product Type

The cement grout segment held the largest share of the dry-mix mortar market in 2021. Cement grouts are used to form pressure to fill formwork, voids and cracks while adding cement or reinforced concrete in various establishments. Cement grout is usually made from a mixture of water, cement and sand which is used for filling voids, grouting under pressure, connecting precast concrete sections, embedding steel bars reinforcement in masonry walls and ceiling joints such as those between tiles. Cement grouts can be used in several establishments including dams, bridges, marine applications and rock anchors. The sealed mass has improved properties such as reduced strength, stiffness and permeability. This is driving the demand for the cement grout segment in the dry mortar market.

Dry Mortar Market Segment Analysis – By Application

Tile adhesives segment held the largest share of the dry mortar market in 2021. Rising number of construction activities across the globe is mainly driving the demand for tile adhesives segment in the dry mortar market. Tile adhesives are a special type of glue that is used to glue tiles together. Tile adhesives are also used for laying tiles on walls, floors, swimming pools which may contain all types of cements and additives such as cement grouts, floor screeds and others. Tile adhesives are fast and effective, easy to use, form a thin film and can be grouted quickly without waiting for moisture to evaporate. This is mainly driving the demand for the tile adhesive segment in the dry mortar market.

Sample Report Request @ https://www.industryarc.com/pdfdownload.php?id=503183

Report price: $4500 (single-user license)

Dry Mix Mortar Market Segment Analysis – By End-Use Industry

The commercial construction industry held the largest share of the dry mortar market in 2021. Rising number of government initiatives and investments in public infrastructure development is one of the major factors driving the dry mortar market. For example, according to the International Trade Administration, the British government announced funds for infrastructure development worth US$6.87 billion in September 2020, which will be mainly spent on the construction of buildings for hospitals. public, schools and other local projects. Moreover, the heavy engineering industry revenue stood at US$92 billion in India alone, which is one of the major drivers for the growth and demand of the commercial construction sector. This will further increase the demand for dry mortar products such as cement grouts, bonding mortars, screeds and others.

Dry Mix Mortar Market Segment Analysis – By Geography

The Asia-Pacific region held the largest share of 35% in the dry mortar market in 2021. Population growth in the Asia-Pacific region, coupled with increasing government policies and infrastructure-related investments in the region, drives the drought mixed mortar market. According to the Asian Development Bank, developing countries in Asia will invest US$26 trillion in infrastructure from 2016 to 2030, or US$1.7 trillion per year. This will further lead to an increase in the number of infrastructure projects that take place each year in the region. It will also increase the demand for dry mortar market for various uses such as tile adhesives, plastering, floor screeds and others in the Asia-Pacific region.

Dry Mortar Market Drivers

Government initiatives to develop infrastructure are mainly driving the dry mortar market

One of the major drivers of the dry mortar industry is government initiatives to develop infrastructure in many countries. As economies continue to develop, the infrastructure in those economies also continues to develop, paving the way for markets such as dry mortar. According to Global Infrastructure Hub, projected investment in road construction in the United States between 2016 and 2040 is estimated at US$3.42 trillion. In addition, in accordance with the Trans-European Transport Network (TEN-T) policy, for the implementation and development of a European network of railway lines, roads and inland waterways, the plan was endowed with 31, 9 billion US dollars. This is further boosting the demand for dry mortar across the globe.

Growing population in developing countries coupled with increasing demand for infrastructure is driving the dry mortar market

Growing population in developing countries like China and India is one of the major drivers of the dry mortar market. As the population grows, the need for expanding basic infrastructure and amenities also increases, which in turn leads to increased consumption of products such as dry mortar. Multilateral development banks such as the Asian Development Bank are stepping up their sovereign and non-sovereign investment operations in infrastructure, which will further increase investment in the building and construction sector. The investment reached US$20 million in 2020, an increase of 70% from the year 2014. This will further increase the demand for related products and services such as the dry mortar market. Hence, it is one of the major driving factors of the dry mortar market.

Buy direct @ https://www.industryarc.com/purchasereport.php?id=503183

Dry Mortar Market Challenges

High cost of investment is one of the prominent challenges hampering the dry mortar market

One of the biggest challenges in the dry mortar market is the high investment cost involved. This requires the installation of high-end machinery (such as applications such as mixing equipment, etc.), which increases operation and maintenance costs. Small businesses and establishments cannot afford to invest in such machines for mixing concrete, grout and the like, which ultimately makes them opt for normal concrete than dry mortar, which is the one of the biggest challenges for the dry mortar market. Additionally, delayed hardening, shrinkage, and low tensile strength are also hampering the growth of the dry mortar market.

Prospects of the dry mortar industry

Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in this market. Major players in the Dry Mortar Market include:

Ardex Group
Sika S.A.
Wacker Chemie AG
Parex Group,
Samex
Colmef Monelli
Mapei SpA SAB de CV
WUENSCH PLASTER
UltraTech Cement Ltd
Lafarge Holcim
Ramco Cements Ltd.
CEMEX SAB de CV
Saudi Readymix
Saint Gobain
DowDuPont
MAPEI Spa

Acquisitions/Technology launches

On July 5, 2021, ARDEX Group acquired Drymix NZ, a company that deals in Drymix concretes and cements. This acquisition will further strengthen ARDEX Group’s market position in New Zealand. On February 8, 2021, Sika acquired Kreps LLC, offering a line of mortar products for interior and exterior finishing.

On October 3, 2019, ARDEX Group acquired a strategic stake in Ceramfix located in Brazil, a manufacturer of products for the installation of ceramic tiles, including mortars, tile adhesives, grouts, waterproofers and accessories. which further strengthen the position of the ARDEX group in mortar manufacturing.

Key points to remember

The Asia-Pacific market held the largest share of the dry mortar market owing to the increase in demand from the construction industry in countries like China, India, and South Korea in the APAC region .

Government initiatives to develop infrastructure are mainly driving the dry mortar market.

Growing population in developing countries coupled with increasing demand for infrastructure is driving the dry mortar market.

Amid the Covid-19 pandemic, the dry mortar market has witnessed slow growth due to the ongoing covid-19 pandemic.

Relevant report:

Cement and Cement Additives Market

https://www.industryarc.com/Report/15584/cement-and-cement-additives-market.html

For more Chemicals and Materials Reports, please click here

About IndustryARC: IndustryARC mainly focuses on market research on advanced technologies and new applications. Our custom research services are designed to provide insights into the constant flow of the global supply and demand gap in markets. Our strong team of analysts allows us to respond quickly to client research needs, with a variety of options for your business. Any other custom requirements can be discussed with our team, email [email protected] to learn more about our consulting services.

Media Contact
Company Name: IndustryCRA
Contact: Mr Venkat Reddy
E-mail: Send an email
Call: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/

Share.

Comments are closed.