Global Dry Mortar Market Opportunities and Forecast for period from 2024 to 2031
The "Dry Mortar Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Dry Mortar market is anticipated to grow at an annual rate of 11.6% from 2024 to 2031.
This entire report is of 123 pages.
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Dry Mortar Market Analysis
The global dry mortar market is a rapidly growing industry driven by the increasing construction activities worldwide. Dry mortar is a mixture of sand, cement, and additives that are used for fixing tiles, bonding bricks, and plastering walls. Major factors driving revenue growth in the market include the rising demand for high-quality construction materials, urbanization, and infrastructure development. Key players in the market include Sika, Saint-Gobain Weber, Mapei, and BASF among others. The market analysis reveals a competitive landscape with leading companies focusing on product innovations and strategic partnerships to maintain their market position. The report recommends companies to focus on sustainable practices and expanding their product portfolio to capitalize on the growing opportunities in the global dry mortar market.
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Dry mortar market is experiencing significant growth, with various types such as Bricklaying/Masonry Mortar, Floor Screeds (including Thick Floor Screeds and Thin Floor Screeds), Tile Adhesives/Grouts, Wall Renders and Plasters (Interior and Exterior), EIFS Products, and others. These products find extensive applications in the construction industry, home decoration industry, and others.
Regulatory and legal factors play a crucial role in shaping market conditions. Compliance with building codes, environmental regulations, and safety standards are essential for manufacturers and suppliers operating in the dry mortar market. Additionally, government policies related to construction and infrastructure development also influence market dynamics.
Overall, the dry mortar market offers a wide range of products for various applications in different industries. With the right regulatory framework and legal compliance, this market is poised for steady growth in the coming years. Industry players need to stay informed about changing regulations and market trends to capitalize on the opportunities presented by this growing market segment.
Top Featured Companies Dominating the Global Dry Mortar Market
The global dry mortar market is highly competitive, with key players such as Sika, Saint-Gobain Weber, Henkel, Mapei, Sto, Ardex, BASF, Baumit, Bostik, Knauf, CBP, Caparol, Cemex, HB Fuller, Quick-mix, Dryvit Systems, Hanil Cement, AdePlast, Forbo, CPI Mortars, and Grupo Puma. These companies offer a wide range of dry mortar products and solutions for various applications in the construction industry.
Sika, for example, provides high-quality dry mortar products for bonding, grouting, and repairing concrete structures. Saint-Gobain Weber offers innovative dry mortar solutions for tiling, flooring, and facade applications. Henkel specializes in dry mortar adhesives and sealants for the construction industry. Mapei is known for its advanced dry mortar systems for building and maintenance projects.
These companies play a crucial role in driving the growth of the dry mortar market through product innovation, strategic partnerships, and expansion into new markets. By offering reliable and high-performance dry mortar solutions, they help construction professionals achieve efficient and sustainable building practices.
In terms of sales revenue, some of the top players in the dry mortar market include Sika with over $8 billion, BASF with over $62 billion, Cemex with over $14 billion, and Grupo Puma with over $200 million. These companies continue to invest in research and development to meet the growing demand for dry mortar products globally and maintain their competitive edge in the market.
Sika (CH)Saint-Gobain Weber (FR)Henkel (FR)Mapei (IT)Sto (DE)Ardex (DE)BASF (DE)Baumit (AT)Bostik (US)Knauf (DE)CBP (US)Caparol (DE)Cemex (US)HB Fuller (US)Quick-mix (DE)Dryvit Systems (US)Hanil Cement (KR)AdePlast (RO)Forbo (CH)CPI Mortars (UK)Grupo Puma (ES)
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Dry Mortar Segment Analysis
Dry Mortar Market, by Application:
Construction industryHome decoration industryOthers
Dry mortar is used in the construction industry for various applications such as masonry, plastering, and tile fixing. It is also widely used in the home decoration industry for wall finishing and flooring. In addition, dry mortar is utilized in various other industries for repair and renovation projects. The fastest growing application segment in terms of revenue is the construction industry, as the demand for efficient and time-saving construction methods continues to increase. Dry mortar is used in these applications by mixing it with water on site to create a ready-to-use paste, which is then applied to the desired surface.
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Dry Mortar Market, by Type:
Bricklaying/ Masonry MortarFloor Screeds, Include Thick Floor Screeds and Thin Floor Screeds (SLU)Tile Adhesives/ GroutsWall Renders and Plasters (Interior and Exterior)EIFS Products (Major EPS and XPS)Others
Dry mortar comes in various types such as bricklaying/masonry mortar, floor screeds (thick and thin), tile adhesives/grouts, wall renders and plasters (interior and exterior), EIFS products (EPS and XPS), and others. These products cater to different construction needs, providing ease of application, durability, and strength. The diverse range of dry mortar options boosts demand in the market as they offer solutions for a wide range of projects. Contractors and builders can choose the specific type of dry mortar based on the requirements of the job, leading to increased utilization and growth in the industry.
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Regional Analysis:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The dry mortar market is expected to witness substantial growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In North America, the United States and Canada are anticipated to dominate the market, with a market share percentage valuation of around 30%. In Europe, countries like Germany, France, the U.K., Italy, and Russia are expected to hold a significant market share of approximately 25%. In the Asia-Pacific region, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are likely to contribute to around 20% of the market share. Latin American countries such as Mexico, Brazil, Argentina, and Colombia are expected to hold a market share of 15%. In the Middle East & Africa, Turkey, Saudi Arabia, and the UAE are projected to have a market share of 10%.
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