Dry Mortar Products Market Forecast: Global Market Trends and Analysis from 2024 to 2031 covered in 110 Pages
The "Dry Mortar Products Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Dry Mortar Products Market Overview and Report Coverage
Dry mortar products are ready-to-use materials used in various construction projects such as bricklaying, flooring, and plastering. These products eliminate the need for onsite mixing of raw materials, thereby improving efficiency and quality.
The Dry Mortar Products Market is expected to grow at a CAGR of 11.1% during the forecasted period (2024 - 2031). This growth is driven by increasing demand for sustainable and cost-effective construction solutions, especially in developing economies. The market is also benefiting from advancements in technology, leading to the development of innovative products with enhanced properties and performance.
With the focus on green building practices and energy-efficient construction, the future outlook for the dry mortar products market looks promising. Rising urbanization, infrastructure development, and government initiatives to promote affordable housing are further fueling market growth. The trend towards prefabrication and modular construction methods is also boosting demand for dry mortar products, as they offer quick and easy installation.
In conclusion, the dry mortar products market is set to witness significant growth in the coming years, driven by the need for efficient and sustainable construction solutions. Market players are focusing on product innovation, strategic collaborations, and geographical expansions to capitalize on emerging opportunities and stay competitive in the market.
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Market Segmentation
The Dry Mortar Products Market Analysis by Types is segmented into:
Bricklaying/ Masonry mortarFloor ScreedsTile Adhesives/GroutsWall Renders and PlastersEIFS Products (major EPS and XPS)Other
Bricklaying/Masonry mortar is used for building walls and other masonry structures. Floor screeds are used to level and smooth concrete or existing floor surfaces. Tile adhesives/grouts are used for fixing tiles to floors and walls. Wall renders and plasters are used for finishing interior and exterior walls. EIFS products, such as EPS and XPS, are used for exterior insulation and finishing systems. Other markets may include specialized mortars for specific applications like waterproofing, repair, or restoration.
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The Dry Mortar Products Market Industry Research by Application is segmented into:
Construction industryHome decoration industryOthers
Dry mortar products are widely used in the construction industry for various applications such as masonry work, plastering, tile fixing, and other building projects. They are also extensively used in the home decoration industry for activities like wall finishing, flooring, and other interior design purposes. Additionally, dry mortar products find applications in other industries such as agriculture, mining, and chemical industries for various purposes. Overall, the versatility of dry mortar products makes them an essential component in a wide range of industries.
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In terms of Region, the Dry Mortar Products Market available by Region are:
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 North America market for dry mortar products is experiencing steady growth due to the rising construction activities in the region. In Europe, countries like Germany, France, the U.K., and Italy are witnessing a surge in demand for dry mortar products, driven by the increasing urbanization and infrastructure development projects. Asia-Pacific, especially in China, Japan, South Korea, and India, holds significant market opportunities for key players like Saint-Gobain Weber, Sika, and Mapei, due to the growing construction industry in these countries. In Latin America, Mexico, Brazil, and Argentina are emerging as key markets for dry mortar products. Middle East & Africa, particularly in Turkey, Saudi Arabia, and UAE, are displaying strong growth potential for companies like Ardex and BASF. Factors such as rapid urbanization, infrastructure development, and increasing investments in construction projects are driving the growth of the global dry mortar products market.
Dry Mortar Products Market Emerging Trends
The global dry mortar products market is experiencing a shift towards eco-friendly and sustainable products, driven by increasing awareness of environmental issues. Manufacturers are focusing on developing innovative products with reduced carbon footprint and lower VOC emissions. Additionally, there is a growing trend towards the use of ready-to-use dry mortar products, as they offer convenience and time savings for construction projects. The market is also witnessing a rise in demand for advanced dry mortar formulations that provide improved performance and durability. Overall, the industry is expected to continue evolving towards more sustainable and efficient solutions in the coming years.
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Major Market Players
Saint-Gobain Weber (FR)Materis (FR)Sika (CH)Henkel (FR)Mapei (IT)Sto (DE)Ardex (DE)BASF (DE)Baumit (AT)Bostik (FR)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)
Among the key players in the global dry mortar products market, companies such as Sika, Mapei, BASF, and Knauf have shown significant growth and competitive advantage.
Sika, a Swiss multinational company, has been at the forefront of innovation in the construction industry. The company offers a wide range of dry mortar products for various applications such as repair, maintenance, and construction. With a focus on sustainable solutions and high-quality products, Sika has established a strong presence in the market.
Mapei, an Italian company, is known for its extensive product portfolio and expertise in the construction chemicals sector. The company has been expanding its market reach through strategic partnerships and acquisitions. With a strong focus on research and development, Mapei continues to introduce new products that cater to the evolving needs of the construction industry.
BASF, a German multinational chemical company, is another key player in the dry mortar products market. The company offers a wide range of innovative solutions for construction materials, including dry mortars. With a focus on sustainability and efficiency, BASF has been able to capture a significant market share in the industry.
Knauf, a German family-owned company, is a leading player in the construction materials sector. The company offers a wide range of dry mortar products that are known for their high quality and performance. With a strong global presence and a focus on customer satisfaction, Knauf has been able to maintain its competitive edge in the market.
In terms of sales revenue, companies like Saint-Gobain Weber, Sika, and Mapei have reported strong financial performance in recent years. Saint-Gobain Weber, for example, reported sales revenue of over $4 billion in 2020, reflecting its market leadership in the industry. Similarly, Sika and Mapei have also shown consistent growth in revenue, indicating their strong market positions and growth potential in the global dry mortar products market.
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