PUBLISHER: Value Market Research | PRODUCT CODE: 1547767
PUBLISHER: Value Market Research | PRODUCT CODE: 1547767
The global demand for Dry Mortar Market is presumed to reach the market size of nearly USD 69.01 Billion by 2032 from USD 40.78 Billion in 2023 with a CAGR of 6.02% under the study period 2024-2032.
Dry mortar, a mixture of cement, sand, and additives, is used as a building material for bonding bricks, stones, or other construction elements together. It is pre-mixed and packaged in bags for convenient use on construction sites. It offers several advantages over traditional mortar mixing methods, including consistent quality, reduced labor costs, and faster construction times. It is available in various formulations tailored to specific applications, such as masonry work, plastering, tile setting, and repair work. This mixture is widely used in residential, commercial, and industrial construction projects for its ease of use, versatility, and reliability.
The dry mortar industry is experiencing significant growth due to booming construction sector worldwide, which demands high-quality building materials for efficient and durable construction. These products, known for their superior performance and ease of use, are becoming increasingly popular among builders and contractors. The trend towards urbanization and the development of smart cities further propels the demand for such building materials, as these projects require reliable and consistent construction solutions. Technological advancements in manufacturing processes have also enhanced the quality and variety of dry mortar products, making them more versatile and suitable for various applications, including masonry, rendering, and flooring. Environmental sustainability is another critical factor driving this industry. Manufacturers are focusing on producing eco-friendly solutions that reduce carbon footprint and promote green building practices. The ease of transportation and storage of dry mortar products compared to traditional wet mixes adds to their appeal, particularly in remote and urban areas where logistics can be challenging.
Moreover, the rise in renovation and refurbishment activities, especially in developed regions, boosts the demand for dry mortar due to its efficiency and convenience. Additionally, stringent building regulations and quality standards necessitate the use of reliable and compliant construction materials, further driving the adoption of dry mortar. The increasing awareness of its benefits, such as improved workability, consistent quality, and time-saving properties, continues to fuel its growth in the construction industry. As infrastructure development and modernization efforts persist globally, the dry mortar industry is poised for sustained expansion, driven by innovation and a focus on sustainability. However, fluctuations in construction activity and economic downturns may hinder the growth of the dry mortar market in the next few years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Dry Mortar. The growth and trends of Dry Mortar industry provide a holistic approach to this study.
This section of the Dry Mortar market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Dry Mortar market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Dry Mortar market include Ardex Group, Saint-Gobain Weber, Dow, CEMEX S.A.B. De C.V., Caparol, LafargeHolcim, Sika AG, Dryvit Systems, Mapei SpA, Quick-Mix Group, Knauf, BASF SE, Custom Building Products, Parex Group, Sakrete. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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