Market Size of north america dry mix mortar Industry
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 78.86 Million Tons |
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Market Volume (2030) | 106.76 Million Tons |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 5.18 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Dry Mix Mortar Market Analysis
The North America Dry Mix Mortar Market size is estimated at 78.86 million Tons in 2024, and is expected to reach 106.76 million Tons by 2030, growing at a CAGR of 5.18% during the forecast period (2024-2030).
78.86 Million
Market Size in 2024 (Tons)
106.76 Million
Market Size in 2030 (Tons)
3.69 %
CAGR (2018-2023)
5.18 %
CAGR (2024-2030)
Largest Market by Application
43.08 %
volume share, Render, 2023
Owing to the growing usage of renders for finishing concrete and cement surfaces, in the residential, industrial, and infrastructure sectors, the segment has dominated the market.
Largest Market by End Use Sector
60.63 %
volume share, Residential, 2023
Due to the increasing usage of dry-mix mortar for applications such as rendering, plastering, waterproofing, tiling, etc. for housing construction, the residential sector holds the largest share.
Largest Market by Country
75.37 %
volume share, United States, 2023
With the increasing demand for dry mix mortar in the industrial and commercial construction sectors coupled with urban infrastructure developments, the country has dominated the market.
Fastest Market by Country
6.50 %
Projected CAGR, Mexico, 2024-2030
Owing to the government initiatives and policies such as affordable housing schemes, and large infrastructural investments in the country, Mexico is expected to be the fastest-growing country in the region.
Leading Company
4 %
market share, Sika AG, 2022
The company holds the largest share in 2022 owing to its large production capacity of around 4.9 million tons of dry mix mortar per year in the region. The company also serves customers across various construction sectors.
Upcoming manufacturing facilities in the US industrial construction sector are expected to drive the demand for dry-mix mortar
- Dry-mix mortar plays a pivotal role in both residential and commercial building projects. It finds extensive use in applications like stucco, grouts, tile adhesives, and joint fillers. In 2022, North America held a significant share of approximately 23% of the global dry-mix mortar market. In 2023, the market was projected to witness a growth of 3.5 million tons, driven by the initiatives of the regional governments aimed at bolstering the construction sector.
- In 2022, the residential segment emerged as the dominant force in the dry-mix mortar market, accounting for a substantial 43.5 million tons. The trend was set to continue in 2023, with factors such as favorable mortgage rates and government-backed affordable housing schemes fueling demand for new residential units. Notably, the forecast for 2023 indicated a projected increase of 132 million square feet in residential floor area, driving a 3.94% growth in the volume of dry-mix mortar used in residential construction.
- Among various construction segments, the industrial sector is poised for the highest growth rate, with a projected CAGR of 7.51% in volume during the forecast period. The United States, in particular, is expected to witness a surge in demand driven by a wave of manufacturing facility construction. This uptick can be attributed to government initiatives like the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act, which offer tax incentives and direct funding for both private and public construction endeavors.
Mexico's fastest-growing residential and commercial construction sectors are predicted to bolster the demand for dry-mix mortar in North America
- Dry-mix mortar comprises a special blend of Portland cement, well-graded mortar sand, and selected admixtures. It is widely used in grouts, plasters, renders, etc. In 2022, the North American dry-mix mortar market grew by 5.95% in volume compared to 2021, with countries like Mexico and the United States recording growth rates of 20.7% and 4.06%, respectively. In 2023, the North American dry-mix mortar market was estimated to grow by 4.95% in value compared to 2022, owing to large-scale construction projects spread across the residential, commercial, infrastructure, and industrial sectors.
- In 2022, the United States dominated the dry-mix mortar landscape, accounting for a sizable 53.4 million tons. Bolstering this growth, the US construction sector attracted investments totaling USD 1792.9 billion, a 10.2% surge from 2021, with a focus on residential, civil engineering, and non-residential projects. This surge in construction fueled a 4.06% uptick in the US dry-mix mortar market in 2022, and the sector was poised to expand by 5.19% in volume in 2023.
- With a projected CAGR of 6.84% in volume, the Mexican dry-mix mortar market is expected to outpace its North American counterparts. The country's push for affordable housing, supported by programs from the World Bank Group, is expected to drive a surge in residential construction. Additionally, as supply chain dynamics shift due to factors like the United States-Mexico-Canada Agreement (USMCA) and heightened tensions with China, Mexico is witnessing an uptick in warehouse and storage facility construction, further bolstering its dry-mix mortar demand.
North America 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. Canada, Mexico, United States are covered as segments by Country.
- Dry-mix mortar plays a pivotal role in both residential and commercial building projects. It finds extensive use in applications like stucco, grouts, tile adhesives, and joint fillers. In 2022, North America held a significant share of approximately 23% of the global dry-mix mortar market. In 2023, the market was projected to witness a growth of 3.5 million tons, driven by the initiatives of the regional governments aimed at bolstering the construction sector.
- In 2022, the residential segment emerged as the dominant force in the dry-mix mortar market, accounting for a substantial 43.5 million tons. The trend was set to continue in 2023, with factors such as favorable mortgage rates and government-backed affordable housing schemes fueling demand for new residential units. Notably, the forecast for 2023 indicated a projected increase of 132 million square feet in residential floor area, driving a 3.94% growth in the volume of dry-mix mortar used in residential construction.
- Among various construction segments, the industrial sector is poised for the highest growth rate, with a projected CAGR of 7.51% in volume during the forecast period. The United States, in particular, is expected to witness a surge in demand driven by a wave of manufacturing facility construction. This uptick can be attributed to government initiatives like the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act, which offer tax incentives and direct funding for both private and public construction endeavors.
| 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 |
| Country | |
| Canada | |
| Mexico | |
| United States |
North America Dry Mix Mortar Market Size Summary
The North America dry mix mortar market is experiencing significant growth, driven by its essential role in residential and commercial construction projects. This market is characterized by its extensive application in stucco, grouts, tile adhesives, and joint fillers. The region holds a substantial share of the global market, with the United States and Mexico being key contributors. The residential sector has been a dominant force, supported by favorable mortgage rates and government-backed housing schemes, which have spurred demand for new residential units. The industrial sector is also poised for rapid expansion, fueled by government initiatives and a surge in manufacturing facility construction. The market's growth trajectory is further bolstered by large-scale construction projects across various sectors, including infrastructure and commercial spaces.
The dry mix mortar market in North America is projected to continue its upward trend, with Mexico expected to outpace its regional counterparts due to its focus on affordable housing and shifts in supply chain dynamics. The commercial sector is anticipated to witness notable growth, particularly in the United States and Mexico, as businesses expand and the demand for commercial spaces increases. Despite past setbacks due to the COVID-19 pandemic, the market has shown resilience and is on a path of recovery and growth. The market is fragmented, with major players like CEMEX, MAPEI, MBCC Group, Saint-Gobain, and Sika AG leading the charge. Recent innovations, such as high-performance mortars and ready-mixed solutions, are expected to further enhance the market's offerings and drive future growth.
North America Dry Mix Mortar Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Application
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1.2.1 Concrete Protection and Renovation
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1.2.2 Grouts
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1.2.3 Insulation and Finishing Systems
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1.2.4 Plaster
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1.2.5 Render
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1.2.6 Tile Adhesive
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1.2.7 Water Proofing Slurries
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1.2.8 Other Applications
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1.3 Country
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1.3.1 Canada
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1.3.2 Mexico
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1.3.3 United States
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North America Dry Mix Mortar Market Size FAQs
What is the current North America Dry Mix Mortar Market size?
The North America Dry Mix Mortar Market is projected to register a CAGR of 5.18% during the forecast period (2024-2030).
Who are the key players in North America Dry Mix Mortar Market?
CEMEX, S.A.B. de C.V., MAPEI S.p.A., MBCC Group, Saint-Gobain and Sika AG are the major companies operating in the North America Dry Mix Mortar Market.
