Dry Mix Mortar Market Size
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 350.93 Million Tons |
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Market Volume (2030) | 482.16 Million Tons |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 5.44 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Dry Mix Mortar Market Analysis
The Dry Mix Mortar Market size is estimated at 350.93 million Tons in 2024, and is expected to reach 482.16 million Tons by 2030, growing at a CAGR of 5.44% during the forecast period (2024-2030).
350.93 Million
Market Size in 2024 (Tons)
482.16 Million
Market Size in 2030 (Tons)
3.00 %
CAGR (2018-2023)
5.44 %
CAGR (2024-2030)
Largest Market by Application
38.35 %
volume share, Render, 2023
Owing to the growing usage of renders for finishing concrete and cement surfaces, in the residential, industrial, and infrastructure sectors globally, the segment has dominated the market.
Largest Market by End Use Sector
62.21 %
volume share, Residential, 2023
Due to the increasing usage of dry-mix mortar for applications such as rendering, plastering, waterproofing, and tiling, for housing construction, the residential sector holds the largest share.
Largest Market by Region
40.65 %
volume share, Asia-Pacific, 2023
Owing to the growing construction industrial activity in the region coupled with the increasing demand for dry mix mortar in countries like China, India, Japan, and South Korea, the region has dominated the market.
Fastest Market by Region
6.09 %
Projected CAGR, Asia-Pacific, 2024-2030
Owing to growing investments in infrastructure projects, government initiatives, fast-paced urbanization and industrialization, the Asia Pacific region is expected to witness the fastest growth.
Leading Company
4.36 %
market share, Saint-Gobain, 2022
The company held the largest share in 2022 owing to its large production capacity of around 24.4 million tons of dry mix mortar per year. The company also serves customers across various construction sectors.
Growing commercial constructions in emerging countries, such as India's Grade A office, are expected to reach 1.2 billion square feet by 2030, augmenting the market's growth
- In 2022, global consumption of dry mix mortar saw a modest growth rate of 0.64%, driven by heightened demand from the infrastructure and commercial construction sectors. Notably, the infrastructure and commercial sectors saw growth rates of 3.42% and 1.0%, respectively, in 2022, compared to 2021. The global dry mix mortar market was projected to grow by approximately 4.29% in 2023.
- With a share of 62.34% in 2022, the residential sector stands as the largest consumer of dry mix mortar. Factors such as urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing, leading to a surge in residential building construction. For example, Germany is set to construct a minimum of 4.0 thousand new housing units by 2024, while the Malaysian government aims to build around 500 thousand affordable housing units by 2025. Consequently, the dry mix mortar market for the residential sector is projected to witness a CAGR of 5.43% from 2023 to 2030.
- The commercial sector is poised to be the fastest-growing consumer of dry mix mortar, with a forecasted CAGR of 6.52%. This surge is attributed to the rising demand for shopping malls, office spaces, and other commercial structures. Highlighting this trend, India's Grade A office market in its top seven cities is expected to expand to approximately 1 billion square feet by 2026 and further to 1.2 billion square feet by 2030. In addition, the global commercial new floor area is projected to witness a substantial increase of 2.50 billion sq. ft. in 2030 compared to 2023. As a result, the global dry mix mortar consumption for the commercial sector is estimated to rise by 149 million tons from 2023 to 2030.
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Fast-paced construction activities in the Asia-Pacific and South America predicted to bolster the demand for dry-mix mortar
- Dry-mix mortar plays a crucial role in both commercial and residential construction, finding applications in stucco, grouts, tile adhesives, and joint fillers. In 2022, the global dry-mix mortar market recorded a modest 0.64% growth in volume, a slowdown attributed to factors like inflation, surging raw material costs, and an impending recession. These challenges led to a dip in construction investments and project delays, dampening the demand for dry-mix mortar. However, a rebound was predicted, with the North American market poised to lead the way, projecting a 4.95% growth in volume from 2022 to 2023.
- Asia-Pacific held a dominant position in the dry-mix mortar market in 2022, accounting for a significant 130 million tons of the global share. Notably, countries like China, Japan, and India played pivotal roles in shaping this demand. In 2022, China's public spending on transport infrastructure rose to USD 165.6 billion, up from USD 157.6 billion in 2021. Japan witnessed a surge in manufacturing facility constructions, while India aimed to bolster its transportation network and provide affordable housing, fueling the construction sector's expansion.
- The Asia-Pacific region is poised to witness the highest growth rate, registering a CAGR of 6.09% in dry-mix mortar volume. South America follows closely, registering a CAGR of 5.54% during the forecast period. With governments and foreign investments backing major projects, the residential, infrastructure, and commercial construction sectors are expected to flourish, driving the demand for dry-mix mortar.
Global Dry Mix Mortar Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Dry Mix Mortar Industry Overview
The Dry Mix Mortar Market is fragmented, with the top five companies occupying 11.78%. The major players in this market are HANIL HOLDINGS CO.,LTD., MBCC Group, Saint-Gobain, SCG and Sika AG (sorted alphabetically).
Dry Mix Mortar Market Leaders
HANIL HOLDINGS CO.,LTD.
MBCC Group
Saint-Gobain
SCG
Sika AG
Other important companies include Ardex Group, CEMEX, S.A.B. de C.V., Grupo Puma, Holcim, LATICRETE International, Inc., MAPEI S.p.A., SAMPYO GROUP, SIG, UltraTech Cement Ltd., Votorantim Cimentos.
*Disclaimer: Major Players sorted in alphabetical order.
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Dry Mix Mortar Market News
- August 2023: LATICRETE International, Inc. formulated a high-performance, lightweight, thin-set mortar, 254 Platinum Plus, for tile adhesive applications.
- May 2023: PCI, an affiliate of MBCC Group, formulated a ready-mixed flowable screed mortar, PCI Novoment Flow, offering multiple benefits like quick setting and curing.
- May 2023: MBCC group divested its construction systems business, including its subsidiaries, product portfolio, and advanced technologies, to Sika AG.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Dry Mix Mortar Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Application
- 5.2.1 Concrete Protection and Renovation
- 5.2.2 Grouts
- 5.2.3 Insulation and Finishing Systems
- 5.2.4 Plaster
- 5.2.5 Render
- 5.2.6 Tile Adhesive
- 5.2.7 Water Proofing Slurries
- 5.2.8 Other Applications
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 By Country
- 5.3.1.1.1 Australia
- 5.3.1.1.2 China
- 5.3.1.1.3 India
- 5.3.1.1.4 Indonesia
- 5.3.1.1.5 Japan
- 5.3.1.1.6 Malaysia
- 5.3.1.1.7 South Korea
- 5.3.1.1.8 Thailand
- 5.3.1.1.9 Vietnam
- 5.3.1.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 By Country
- 5.3.2.1.1 France
- 5.3.2.1.2 Germany
- 5.3.2.1.3 Italy
- 5.3.2.1.4 Russia
- 5.3.2.1.5 Spain
- 5.3.2.1.6 United Kingdom
- 5.3.2.1.7 Rest of Europe
- 5.3.3 Middle East and Africa
- 5.3.3.1 By Country
- 5.3.3.1.1 Saudi Arabia
- 5.3.3.1.2 United Arab Emirates
- 5.3.3.1.3 Rest of Middle East and Africa
- 5.3.4 North America
- 5.3.4.1 By Country
- 5.3.4.1.1 Canada
- 5.3.4.1.2 Mexico
- 5.3.4.1.3 United States
- 5.3.5 South America
- 5.3.5.1 By Country
- 5.3.5.1.1 Argentina
- 5.3.5.1.2 Brazil
- 5.3.5.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Ardex Group
- 6.4.2 CEMEX, S.A.B. de C.V.
- 6.4.3 Grupo Puma
- 6.4.4 HANIL HOLDINGS CO.,LTD.
- 6.4.5 Holcim
- 6.4.6 LATICRETE International, Inc.
- 6.4.7 MAPEI S.p.A.
- 6.4.8 MBCC Group
- 6.4.9 Saint-Gobain
- 6.4.10 SAMPYO GROUP
- 6.4.11 SCG
- 6.4.12 SIG
- 6.4.13 Sika AG
- 6.4.14 UltraTech Cement Ltd.
- 6.4.15 Votorantim Cimentos
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, GLOBAL, 2018 - 2030
- Figure 6:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN COMMERCIAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN COMMERCIAL SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 10:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 12:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN INFRASTRUCTURE SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN INFRASTRUCTURE SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 14:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN RESIDENTIAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN RESIDENTIAL SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 16:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY APPLICATION, TONS, GLOBAL, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY APPLICATION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR CONCRETE PROTECTION AND RENOVATION, TONS, GLOBAL, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR CONCRETE PROTECTION AND RENOVATION BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 20:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR GROUTS, TONS, GLOBAL, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR GROUTS BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 22:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR INSULATION AND FINISHING SYSTEMS, TONS, GLOBAL, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR INSULATION AND FINISHING SYSTEMS BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 24:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR PLASTER, TONS, GLOBAL, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR PLASTER BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 26:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR RENDER, TONS, GLOBAL, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR RENDER BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 28:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR TILE ADHESIVE, TONS, GLOBAL, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR TILE ADHESIVE BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 30:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR WATER PROOFING SLURRIES, TONS, GLOBAL, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR WATER PROOFING SLURRIES BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 32:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR OTHER APPLICATIONS, TONS, GLOBAL, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR OTHER APPLICATIONS BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 34:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY REGION, TONS, GLOBAL, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 36:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 38:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, AUSTRALIA, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 40:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, CHINA, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 42:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, INDIA, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 44:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, INDONESIA, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 46:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, JAPAN, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 48:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, MALAYSIA, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 50:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
- Figure 51:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 52:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, THAILAND, 2018 - 2030
- Figure 53:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 54:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, VIETNAM, 2018 - 2030
- Figure 55:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 56:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 57:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 58:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY COUNTRY, TONS, EUROPE, 2018 - 2030
- Figure 59:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 60:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, FRANCE, 2018 - 2030
- Figure 61:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 62:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, GERMANY, 2018 - 2030
- Figure 63:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 64:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, ITALY, 2018 - 2030
- Figure 65:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 66:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, RUSSIA, 2018 - 2030
- Figure 67:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 68:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, SPAIN, 2018 - 2030
- Figure 69:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 70:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, UNITED KINGDOM, 2018 - 2030
- Figure 71:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 72:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, REST OF EUROPE, 2018 - 2030
- Figure 73:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 74:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY COUNTRY, TONS, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 75:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 76:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, SAUDI ARABIA, 2018 - 2030
- Figure 77:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 78:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 79:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 80:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 81:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 82:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2018 - 2030
- Figure 83:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 84:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, CANADA, 2018 - 2030
- Figure 85:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 86:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, MEXICO, 2018 - 2030
- Figure 87:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 88:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, UNITED STATES, 2018 - 2030
- Figure 89:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 90:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2018 - 2030
- Figure 91:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 92:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, ARGENTINA, 2018 - 2030
- Figure 93:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 94:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, BRAZIL, 2018 - 2030
- Figure 95:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 96:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 97:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 98:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 99:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 100:
- PRODUCTION CAPACITY SHARE OF DRY-MIX MORTAR BY MAJOR PLAYERS, %, GLOBAL, 2022
Dry Mix Mortar Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Concrete Protection and Renovation, Grouts, Insulation and Finishing Systems, Plaster, Render, Tile Adhesive, Water Proofing Slurries are covered as segments by Application. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In 2022, global consumption of dry mix mortar saw a modest growth rate of 0.64%, driven by heightened demand from the infrastructure and commercial construction sectors. Notably, the infrastructure and commercial sectors saw growth rates of 3.42% and 1.0%, respectively, in 2022, compared to 2021. The global dry mix mortar market was projected to grow by approximately 4.29% in 2023.
- With a share of 62.34% in 2022, the residential sector stands as the largest consumer of dry mix mortar. Factors such as urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing, leading to a surge in residential building construction. For example, Germany is set to construct a minimum of 4.0 thousand new housing units by 2024, while the Malaysian government aims to build around 500 thousand affordable housing units by 2025. Consequently, the dry mix mortar market for the residential sector is projected to witness a CAGR of 5.43% from 2023 to 2030.
- The commercial sector is poised to be the fastest-growing consumer of dry mix mortar, with a forecasted CAGR of 6.52%. This surge is attributed to the rising demand for shopping malls, office spaces, and other commercial structures. Highlighting this trend, India's Grade A office market in its top seven cities is expected to expand to approximately 1 billion square feet by 2026 and further to 1.2 billion square feet by 2030. In addition, the global commercial new floor area is projected to witness a substantial increase of 2.50 billion sq. ft. in 2030 compared to 2023. As a result, the global dry mix mortar consumption for the commercial sector is estimated to rise by 149 million tons from 2023 to 2030.
| End Use Sector | Commercial | ||
| Industrial and Institutional | |||
| Infrastructure | |||
| Residential | |||
| Application | Concrete Protection and Renovation | ||
| Grouts | |||
| Insulation and Finishing Systems | |||
| Plaster | |||
| Render | |||
| Tile Adhesive | |||
| Water Proofing Slurries | |||
| Other Applications | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- END-USE SECTOR - Dry mix mortar consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, consumption of dry mix mortar products for plaster, render, tile adhesive, grouts, waterproofing slurries, concrete protection and renovation, insulated and finishing systems along with other applications are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
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