NEW YORK, USA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Dry Mortar Market By Industry (Non-Residential And Residential), By Application (Tile Adhesives, Waterproofing, Plaster, Grout, Render, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the global dry mortar market size was valued at around USD 38.05 billion in 2022. The market is expected to grow at a CAGR of 5.65% and is anticipated to reach a value of USD 59.06 billion by 2030.”
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Dry Mortar Market Overview:
Dry mortar is a combining substance with numerous construction and building industry applications. It is used to join masonry in the construction of walls. Dry mortar is comprised of multiple components that work in concert to create a strong bond between blocks, thereby ensuring the construction of a durable structure. Since the quality of the product has become a liability for dry mortar manufacturers, demand for dry mortar has increased dramatically over the past decade.
The material imparting rigidity is composed of cement, sand, hydrated lime, and limestone granules. However, additional components can be added to the dry mortar compound depending on the intended application. Dry mortar is applicable not only to masonry, but also to concrete blocks and tiles, which is one of the material's primary advantages. Among the extended applications of the material are plaster repair, exterior and interior stucco, infill, tile adhesive, and stucco repair. When dry mortar is mixed with water, it must be used within a brief period of time or it will be wasted.
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
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Report Scope:
Report Attribute | Report Details |
Market Size in 2022 | USD 38.05 Billion |
Market Forecast in 2030 | USD 59.06 Billion |
Growth Rate | CAGR of 5.65% |
Base Year | 2022 |
Forecast Years | 2023- 2030 |
Key Companies Covered | Ardex Group, Saint-Gobain Weber, Dow, CEMEX S.A.B. de C.V., Caparol, LafargeHolcim, Sika AG, Dryvit Systems, Mapei SpA, Quick-Mix Group, Knauf, BASF SE, Custom Building Products, Parex Group, Sakrete., and others. |
Segments Covered | By Industry, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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Key Insights from Primary Research
- The dry mortar market is projected to grow at a significant rate due to the rising infrastructure development projects
- Based on industry segmentation, non-residential was predicted to show maximum market share in the year 2022
- Based on application segmentation, plaster was the leading segment in 2022
- On the basis of region, Asia-Pacific was the leading revenue generator in 2022
Dry Mortar Market: Growth Drivers
- Rising infrastructure development projects to create higher demand in the market
The global dry mortar market is anticipated to expand due to the rising number of infrastructure development initiatives. Regional leaders are investing more in projects that not only provide improved living facilities for the general populace but also serve as a lucrative segment to attract foreign investments due to rising population and demand from the commercial world. These initiatives include, among other facilities, road and rail construction lines, new airports, production facilities, and commercial centers.
Dry Mortar Market: Restraints
- Health concerns related to dry mortar inhalation could restrict market growth
In the absence of precautionary measures, dry mortar is not a health hazard; however, the dust that emerges from dried mortar can cause health problems. This factor is anticipated to restrain the growth of the global dry mortar market. Dust inhalation can cause mild to severe breathing difficulties and respiratory tract injury. Therefore, individuals operating with dry mortar should be equipped with masks and other tools that prevent inhalation of dry mortar dust. In addition to this, protracted exposure to the contents of dry mortar has been linked to cases of skin and eye irritation.
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Dry Mortar Market: Segmentation
The global dry mortar market is segmented based on industry, application, and region.
Based on industry, the global market segments are non-residential and residential. In 2022, the highest demand was observed in the non-residential segment mainly due to the massive extent of investments observed in the construction of commercial and infrastructural projects. The last few years have witnessed several investments in projects that cross regional boundaries.
Based on application, the dry mortar industry segments are adhesives, waterproofing, plaster, grout, render, and others. In 2022, the highest application of dry mortar was in the plaster segment followed by render. In the construction industry, plaster refers to the application of a protective coating on masonry to avoid damage from external environmental components.
Regional Analysis:
- Asia-Pacific is the leading region and will continue the trend by 2030
Asia-Pacific currently dominates the global dry mortar market, with China and India being the largest contributors. The region is home to a vast network of suppliers of construction materials, particularly cement and dry mortar. China and India have the requisite manpower and large-scale production facilities to meet the rising demand for dry mortar. In addition to being essential suppliers to international clients, Asian nations have a high domestic demand for dry mortar because infrastructure development rates are increasing rapidly.
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Competitive Players:
The report contains qualitative and quantitative research on the global Dry Mortar market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Dry Mortar market include;
- Ardex Group
- Saint-Gobain Weber
- Dow
- CEMEX S.A.B. de C.V.
- Caparol
- LafargeHolcim
- Sika AG
- Dryvit Systems
- Mapei SpA
- Quick-Mix Group
- Knauf
- BASF SE
- Custom Building Products
- Parex Group
- Sakrete
The global dry mortar market is segmented as follows:
[Segments]
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Questions Answered in This Report:
- What is the Dry Mortar?
- Which key factors will influence Dry Mortar market growth over 2023-2030?
- What will be the value of the Dry Mortar market during 2023-2030?
- What will be the CAGR value of the Dry Mortar market during 2023-2030?
- Which region will contribute notably towards the Dry Mortar market value?
- Which are the major players leveraging the Dry Mortar market growth?
- What can be expected from the global Dry Mortar market report?
Key Offerings:
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market
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