Market Size of Dry-mix Mortar Additives And Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.52 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dry Mix Mortar Additives and Chemicals Market Analysis
The Dry-mix Mortar Additives And Chemicals Market size is expected to grow from 21.35 million tons in 2023 to 26.63 million tons by 2028, at a CAGR of 4.52% during the forecast period (2023-2028).
The dry-mix mortar additives and chemicals market was adversely impacted by COVID-19 in 2020. However, post-COVID-19 pandemic, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
- Over the short term, increasing construction activities in the Asia-Pacific and long-term cost-effectiveness in the construction industry are the major factors driving the market.
- Conversely, a slowdown of construction activities in the United States and Europe is expected to hinder market growth.
- The increase in demand for eco-friendly construction is likely to act as an opportunity for the market studied over the forecast period.
- Asia-Pacific represents the largest market and is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and ASEAN Countries.
Dry Mix Mortar Additives and Chemicals Industry Segmentation
Dry-mix mortar additives and chemicals are added to the mortar to enhance the chemical properties, thereby improving the performance, such as structural strength, flexibility, bonding strength with various substrates, compressive strength, and abrasion resistance.
The dry-mix mortar additives and chemicals market is segmented by type and geography. By type, the market is segmented into additives, chemicals and accelerators. The additives type is further segmented into re-dispersible polymer powder, plasticizers, defoamers, cellulose ether, air-entraining agents, and other additives. The chemicals segment is divided into shrinkage (anhydrite), retarders, accelerators, and other chemicals. The accelerators segment is segmented into Ca-Formate, Ca-carbonate, Ca-nitrate, Li-Carbonate, and CSH and CSA Accelerators. The market is segmented by geography into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. The report also covers the market size and forecasts in 15 countries across major regions. The market sizing and forecasts have been done for each segment based on volume (tons).
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Dry-mix Mortar Additives And Chemicals Market Size Summary
The dry-mix mortar additives and chemicals market is poised for significant growth, driven by increasing construction activities, particularly in the Asia-Pacific region. This market, which experienced a downturn due to the COVID-19 pandemic, has been on a recovery path since 2021. The Asia-Pacific region, led by countries like China, India, and ASEAN nations, is the largest and fastest-growing market, fueled by rising demand for eco-friendly construction solutions and infrastructural developments. The demand for re-dispersible polymer powders, a crucial component in cement- and gypsum-based dry powder materials, is expected to rise due to its benefits in enhancing mortar performance, such as improved adhesion, weather resistance, and waterproofing properties.
The market landscape is characterized by a mix of established players and new entrants, with companies like Wacker Chemie AG, Dow, BASF SE, Evonik Industries AG, and Sika AG playing pivotal roles. These companies are expanding their production capabilities to meet the growing demand, as evidenced by recent investments in new manufacturing facilities in regions like China, India, and Turkey. The market's growth trajectory is supported by substantial investments in infrastructure projects, particularly in China and India, where government initiatives and private sector investments are driving the demand for dry-mix mortar additives and chemicals. As the construction industry continues to evolve, the market is expected to witness robust growth, with Asia-Pacific maintaining its dominant position.
Dry-mix Mortar Additives And Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Construction Activities in Asia-Pacific
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1.1.2 Long-term Cost-effectiveness in the Construction Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Slowdown of Construction Activities in the United States and Europe
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1.2.2 High Cost of Investments
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Additives
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2.1.1.1 Redispersible Polymer Powder
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2.1.1.2 Plasticizers
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2.1.1.3 Defoamers
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2.1.1.4 Cellulose Ether
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2.1.1.5 Air Entraining Agents
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2.1.1.6 Other Additives
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2.1.2 Chemicals
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2.1.2.1 Shrinkage (Anhydrites)
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2.1.2.2 Retarders
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2.1.2.2.1 Na-citrate
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2.1.2.2.2 Na-tartrate
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2.1.2.2.3 Gypsum
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2.1.2.2.4 Phosphonate-based Retarders
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2.1.2.3 Accelerators
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2.1.2.3.1 Ca-Formate
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2.1.2.3.2 Ca-carbonate
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2.1.2.3.3 Ca-nitrate
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2.1.2.3.4 Li-Carbonate
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2.1.2.3.5 CSH and CSA Accelerators
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East & Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East &Africa
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Dry-mix Mortar Additives And Chemicals Market Size FAQs
What is the current Dry-mix Mortar Additives And Chemicals Market size?
The Dry-mix Mortar Additives And Chemicals Market is projected to register a CAGR of 4.52% during the forecast period (2024-2029)
Who are the key players in Dry-mix Mortar Additives And Chemicals Market?
Wacker Chemie AG, Dow, BASF SE, Evonik Industries AG and Sika AG are the major companies operating in the Dry-mix Mortar Additives And Chemicals Market.
