North America Dry Mix Mortar Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America)

Description

The North America dry mix mortar market is poised for significant growth, with sales reaching approximately US$ 36 billion by the end of 2024. Projections indicate a robust compound annual growth rate (CAGR) of 6%, with the market expected to surpass US$ 55 billion by 2031. These insights are part of a comprehensive report on the North America dry mix mortar market's outlook from 2024 to 2031.

Key factors driving North America dry mix mortar market growth include the expansion of the construction and infrastructure industries and the adoption of premixed dry mortar technologies. However, the COVID-19 pandemic temporarily impacted market growth in 2020 due to disruptions in the construction sector. Despite this setback, the demand for dry mix mortar is set to continue rising in North America.

Key Opportunities

The North America market presents significant opportunities for dry mix concrete manufacturers. Large-scale public infrastructure programs are expected to gain momentum, fostering public-private partnerships to fund new projects. Initiatives aimed at improving infrastructure, including roads, bridges, and airports, are on the rise in Mexico and Canada. Government support and the growing demand for rendering in dry mix mortar are further driving opportunities in the industry.

Additionally, the adoption of green construction practices is gaining traction in North America, promoting energy-efficient and environmentally friendly building materials. These sustainable approaches are expected to further boost the consumption of dry mix mortar in the region.

Challenges

Despite its promising outlook, the North America dry mix mortar market faces challenges. The cyclical nature of the construction industry and stringent regulatory processes can hinder the growth of new construction projects, resulting in lower demand for dry mix mortar. Furthermore, controversies arising from construction projects near forested areas and the lengthy approval process for construction projects can impact market expansion to some extent.

Trends

Manufacturers in the dry mix mortar market are adapting to new manufacturing trends by strategically positioning themselves in regional and national markets. Key players are expanding their portfolios by establishing new plants in foreign markets and acquiring other manufacturers to enhance their market presence. Additionally, partnerships and collaborations are being prioritized to strengthen market positions.

To meet growing market demands, key dry mix mortar suppliers are investing a significant portion of their revenue in research and development (R&D). Many leading companies allocate 3% to 5% of their annual revenue to R&D efforts, focusing on creating innovative products, technologies, solutions, and processes. The establishment of technical centers is also on the agenda to address research and development challenges and emerging issues in the industry.

Country-wise Analysis

United States: The U.S. remains a dominant market in North America, contributing significantly to the region's dry mix mortar sales. The growth of the manufacturing sector, coupled with increased investments in infrastructure projects, has driven the demand for dry mix mortar products.

Mexico: Mexico is experiencing notable growth in dry mix mortar demand, fueled by the construction of residential, institutional, and commercial buildings. The country's adoption of green building practices is contributing to the industry's expansion.

Competitive Analysis

Key players in the North America Dry Mix Mortar Market including-

Laticrete International Inc.
Dow Inc.
Normet
Minerals Tech Inc.
Wacker
Ardex Group
BASF SE
Knauf Gips KG
Nordkalk GmbH
Kourasanit
WAMGroup S.p.A
Colmef Monelli
MAPEI SpA
Laviosa
Cimprogetti
Colacem Spa
HeidelbergCement
LafargeHolcim Ltd.
Ash Grove North
Lehigh
Graymont
Milman Industries
Votorantimcimentos
CRH
Holcim
Cemolins
LKAB Minerals
Ciaries

Key Segments Covered in Dry Mix Mortar Industry Research

North America Dry Mix Mortar Market by Raw Material:

Binders

Cement

Slag

Pulverised Fuel Ash

Gypsum & Anhydrite

Hydrated Lime

Polymer

Fillers

Silica/Quartz Sand

Limestone Powder

Silica Powder

Bentonite

Perlite

Others

Chemical Additives

Cellulose Ester

Superplasticizer

Thickening Agents

Accelerating Agents

Retarding Agents

Pigments

North America Dry Mix Mortar Market by Application:

Plaster
Thin Joint Mortar
Floor Scurred
Stuccos
Cement Grout
Tile Adhesives
Water Proofing Slurry
Crack Fillers

North America Dry Mix Mortar Market by End Use:

Dry Mix Mortar for Residential Use
Dry Mix Mortar for Industrial Use
Dry Mix Mortar for Commercial Use

Educational & Institutional

Medical & Healthcare

Others

Dry Mix Mortar for Infrastructure

North America Dry Mix Mortar Market by Country:

U.S. Dry Mix Mortar Market
Canada Dry Mix Mortar Market
Mexico Dry Mix Mortar Market

1. Executive Summary

1.1. North America Dry Mix Mortar Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. North America Dry Mix Mortar, Production Output, by Country, 2018 - 2023
- 3.1.1. U.S.
- 3.1.2. Canada

4. North America Dry Mix Mortar Market Outlook, 2018 - 2031

4.1. North America Dry Mix Mortar Market Outlook, by Raw Material, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Binders
    - 4.1.1.1.1. Cement
    - 4.1.1.1.2. Slag
    - 4.1.1.1.3. Pulverised Fuel Ash
    - 4.1.1.1.4. Gypsum & Anhydrite
    - 4.1.1.1.5. Hydrated Lime
    - 4.1.1.1.6. Polymer
  - 4.1.1.2. Fillers
    - 4.1.1.2.1. Silica/Quartz Sand
    - 4.1.1.2.2. Limestone Powder
    - 4.1.1.2.3. Silica Powder
    - 4.1.1.2.4. Bentonite
    - 4.1.1.2.5. Perlite
    - 4.1.1.2.6. Others
  - 4.1.1.3. Chemical Additives
    - 4.1.1.3.1. Cellulose Ester
    - 4.1.1.3.2. Superplasticizer
    - 4.1.1.3.3. Thickening Agents
    - 4.1.1.3.4. Accelerating Agents
    - 4.1.1.3.5. Retarding Agents
    - 4.1.1.3.6. Pigments
4.2. North America Dry Mix Mortar Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Plaster
  - 4.2.1.2. Thin Joint Mortar
  - 4.2.1.3. Floor Scurred
  - 4.2.1.4. Stuccos
  - 4.2.1.5. Cement Grout
  - 4.2.1.6. Tile Adhesives
  - 4.2.1.7. Water Proofing Slurry
  - 4.2.1.8. Crack Fillers
4.3. North America Dry Mix Mortar Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S.
  - 4.3.1.2. Canada

5. U.S. Dry Mix Mortar Market Outlook, 2018 - 2031

5.1. U.S. Dry Mix Mortar Market Outlook, by Raw Material, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Binders
    - 5.1.1.1.1. Cement
    - 5.1.1.1.2. Slag
    - 5.1.1.1.3. Pulverised Fuel Ash
    - 5.1.1.1.4. Gypsum & Anhydrite
    - 5.1.1.1.5. Hydrated Lime
    - 5.1.1.1.6. Polymer
  - 5.1.1.2. Fillers
    - 5.1.1.2.1. Silica/Quartz Sand
    - 5.1.1.2.2. Limestone Powder
    - 5.1.1.2.3. Silica Powder
    - 5.1.1.2.4. Bentonite
    - 5.1.1.2.5. Perlite
    - 5.1.1.2.6. Others
  - 5.1.1.3. Chemical Additives
    - 5.1.1.3.1. Cellulose Ester
    - 5.1.1.3.2. Superplasticizer
    - 5.1.1.3.3. Thickening Agents
    - 5.1.1.3.4. Accelerating Agents
    - 5.1.1.3.5. Retarding Agents
  - 5.1.1.4. Pigments
5.2. U.S. Dry Mix Mortar Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Plaster
  - 5.2.1.2. Thin Joint Mortar
  - 5.2.1.3. Floor Scurred
  - 5.2.1.4. Stuccos
  - 5.2.1.5. Cement Grout
  - 5.2.1.6. Tile Adhesives
  - 5.2.1.7. Water Proofing Slurry
  - 5.2.1.8. Crack Fillers
- 5.2.2. BPS Analysis/Market Attractiveness Analysis

6. Canada Dry Mix Mortar Market Outlook, 2018 - 2031

6.1. Canada Dry Mix Mortar Market Outlook, by Raw Material, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Binders
    - 6.1.1.1.1. Cement
    - 6.1.1.1.2. Slag
    - 6.1.1.1.3. Pulverised Fuel Ash
    - 6.1.1.1.4. Gypsum & Anhydrite
    - 6.1.1.1.5. Hydrated Lime
    - 6.1.1.1.6. Polymer
  - 6.1.1.2. Fillers
    - 6.1.1.2.1. Silica/Quartz Sand
    - 6.1.1.2.2. Limestone Powder
    - 6.1.1.2.3. Silica Powder
    - 6.1.1.2.4. Bentonite
    - 6.1.1.2.5. Perlite
    - 6.1.1.2.6. Others
  - 6.1.1.3. Chemical Additives
    - 6.1.1.3.1. Cellulose Ester
    - 6.1.1.3.2. Superplasticizer
    - 6.1.1.3.3. Thickening Agents
    - 6.1.1.3.4. Accelerating Agents
    - 6.1.1.3.5. Retarding Agents
  - 6.1.1.4. Pigments
6.2. Canada Dry Mix Mortar Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Plaster
  - 6.2.1.2. Thin Joint Mortar
  - 6.2.1.3. Floor Scurred
  - 6.2.1.4. Stuccos
  - 6.2.1.5. Cement Grout
  - 6.2.1.6. Tile Adhesives
  - 6.2.1.7. Water Proofing Slurry
  - 6.2.1.8. Crack Fillers

7. Competitive Landscape

7.1. Purity vs Application Heatmap
7.2. Manufacturer vs Application Heatmap
7.3. Company Market Share Analysis, 2022
7.4. Competitive Dashboard
7.5. Company Profiles
- 7.5.1. Laticrete International Inc.
  - 7.5.1.1. Company Overview
  - 7.5.1.2. Product Portfolio
  - 7.5.1.3. Financial Overview
  - 7.5.1.4. Business Strategies and Development
- 7.5.2. Dow Inc.
  - 7.5.2.1. Company Overview
  - 7.5.2.2. Product Portfolio
  - 7.5.2.3. Financial Overview
  - 7.5.2.4. Business Strategies and Development
- 7.5.3. Normet
  - 7.5.3.1. Company Overview
  - 7.5.3.2. Product Portfolio
  - 7.5.3.3. Financial Overview
  - 7.5.3.4. Business Strategies and Development
- 7.5.4. Minerals Tech Inc.
  - 7.5.4.1. Company Overview
  - 7.5.4.2. Product Portfolio
  - 7.5.4.3. Financial Overview
  - 7.5.4.4. Business Strategies and Development
- 7.5.5. Wacker
  - 7.5.5.1. Company Overview
  - 7.5.5.2. Product Portfolio
  - 7.5.5.3. Financial Overview
  - 7.5.5.4. Business Strategies and Development
- 7.5.6. Ardex Group
  - 7.5.6.1. Company Overview
  - 7.5.6.2. Product Portfolio
  - 7.5.6.3. Financial Overview
  - 7.5.6.4. Business Strategies and Development
- 7.5.7. BASF SE
  - 7.5.7.1. Company Overview
  - 7.5.7.2. Product Portfolio
  - 7.5.7.3. Financial Overview
  - 7.5.7.4. Business Strategies and Development
- 7.5.8. Knauf Gips KG
  - 7.5.8.1. Company Overview
  - 7.5.8.2. Product Portfolio
  - 7.5.8.3. Financial Overview
  - 7.5.8.4. Business Strategies and Development
- 7.5.9. Nordkalk GmbH
  - 7.5.9.1. Company Overview
  - 7.5.9.2. Product Portfolio
  - 7.5.9.3. Financial Overview
  - 7.5.9.4. Business Strategies and Development
- 7.5.10. Kourasanit
  - 7.5.10.1. Company Overview
  - 7.5.10.2. Product Portfolio
  - 7.5.10.3. Financial Overview
  - 7.5.10.4. Business Strategies and Development
- 7.5.11. WAMGroup S.p.A
  - 7.5.11.1. Company Overview
  - 7.5.11.2. Product Portfolio
  - 7.5.11.3. Financial Overview
  - 7.5.11.4. Business Strategies and Development
- 7.5.12. Colmef Monelli
  - 7.5.12.1. Company Overview
  - 7.5.12.2. Product Portfolio
  - 7.5.12.3. Financial Overview
  - 7.5.12.4. Business Strategies and Development
- 7.5.13. MAPEI SpA
  - 7.5.13.1. Company Overview
  - 7.5.13.2. Product Portfolio
  - 7.5.13.3. Financial Overview
  - 7.5.13.4. Business Strategies and Development
- 7.5.14. Laviosa
  - 7.5.14.1. Company Overview
  - 7.5.14.2. Product Portfolio
  - 7.5.14.3. Financial Overview
  - 7.5.14.4. Business Strategies and Development
- 7.5.15. Cimprogetti
  - 7.5.15.1. Company Overview
  - 7.5.15.2. Product Portfolio
  - 7.5.15.3. Financial Overview
  - 7.5.15.4. Business Strategies and Development
- 7.5.16. Colacem Spa
  - 7.5.16.1. Company Overview
  - 7.5.16.2. Product Portfolio
  - 7.5.16.3. Financial Overview
  - 7.5.16.4. Business Strategies and Development
- 7.5.17. HeidelbergCement
  - 7.5.17.1. Company Overview
  - 7.5.17.2. Product Portfolio
  - 7.5.17.3. Financial Overview
  - 7.5.17.4. Business Strategies and Development
- 7.5.18. LafargeHolcim Ltd.
  - 7.5.18.1. Company Overview
  - 7.5.18.2. Product Portfolio
  - 7.5.18.3. Financial Overview
  - 7.5.18.4. Business Strategies and Development
- 7.5.19. Ash Grove North
  - 7.5.19.1. Company Overview
  - 7.5.19.2. Product Portfolio
  - 7.5.19.3. Financial Overview
  - 7.5.19.4. Business Strategies and Development
- 7.5.20. Lehigh
  - 7.5.20.1. Company Overview
  - 7.5.20.2. Product Portfolio
  - 7.5.20.3. Financial Overview
  - 7.5.20.4. Business Strategies and Development
- 7.5.21. Graymont
  - 7.5.21.1. Company Overview
  - 7.5.21.2. Product Portfolio
  - 7.5.21.3. Financial Overview
  - 7.5.21.4. Business Strategies and Development
- 7.5.22. Milman Industries
  - 7.5.22.1. Company Overview
  - 7.5.22.2. Product Portfolio
  - 7.5.22.3. Financial Overview
  - 7.5.22.4. Business Strategies and Development
- 7.5.23. Votorantimcimentos
  - 7.5.23.1. Company Overview
  - 7.5.23.2. Product Portfolio
  - 7.5.23.3. Financial Overview
  - 7.5.23.4. Business Strategies and Development
- 7.5.24. CRH
  - 7.5.24.1. Company Overview
  - 7.5.24.2. Product Portfolio
  - 7.5.24.3. Financial Overview
  - 7.5.24.4. Business Strategies and Development
- 7.5.25. Holcim
  - 7.5.25.1. Company Overview
  - 7.5.25.2. Product Portfolio
  - 7.5.25.3. Financial Overview
  - 7.5.25.4. Business Strategies and Development
- 7.5.26. Cemolins
  - 7.5.26.1. Company Overview
  - 7.5.26.2. Product Portfolio
  - 7.5.26.3. Financial Overview
  - 7.5.26.4. Business Strategies and Development
- 7.5.27. LKAB Minerals
  - 7.5.27.1. Company Overview
  - 7.5.27.2. Product Portfolio
  - 7.5.27.3. Financial Overview
  - 7.5.27.4. Business Strategies and Development
- 7.5.28. Ciaries
  - 7.5.28.1. Company Overview
  - 7.5.28.2. Product Portfolio
  - 7.5.28.3. Financial Overview
  - 7.5.28.4. Business Strategies and Development

8. Appendix

8.1. Research Methodology
8.2. Report Assumptions
8.3. Acronyms and Abbreviations