Demand for dry mortar will increase significantly across major end-use industry sectors

The increasing number of residential and non-residential construction activities launched in emerging economies is expected to drive the adoption of dry mortar. The product is used in infrastructure and commercial sectors owing to its superior workability and cost effectiveness, which is expected to propel the growth of the industry in the coming years.

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There is an increasing demand for dry mortar formulations in non-residential and residential buildings due to its excellent properties. Several dry mortar manufacturers are working to expand production capacities in developing countries and are involved in partnerships, acquisitions, joint ventures and collaborations.

In 2021, LafargeHolcim signed an acquisition agreement with Halyps Cement to acquire their business and two ready-mix concrete plants in Greece, with the aim of strengthening key infrastructure projects with sustainable construction solutions in Athens .

Global Market Insights, Inc., estimates that the global dry mortar market size could reach over USD 49.73 billion by 2027. Here are some of the most important trends in favor of this projection.

  • High demand for plaster mortar

A large number of construction activities started in the United States, India and China have fueled the use of dry mortar for plastering and rendering. The rendering application segment held around 41% share in 2020 and is expected to register a CAGR above 5.5% over the forecast period. Rendering is primarily done for waterproofing and to add aesthetic appeal to the surface. The use of a dry mortar provides good flexural and tensile strength and exceptional water resistance.

  • Growing adoption in non-residential applications

Rapid urbanization in developing countries is mainly driving the demand for dry mortar in the non-residential sector. It is used in infrastructural, commercial and industrial activities in emerging and developed countries. The non-residential category is expected to hold approximately 67% of the dry mortar industry share. Meanwhile, the residential category is expected to increase significantly due to booming construction industry and increasing disposable income in developing countries, which will lead to increased use of dry mortars in residential buildings. .

  • Asia-Pacific and North America are emerging as lucrative business grounds

The Asia Pacific dry mortar market has been dominant and is expected to register a CAGR of 6.2% in the coming years owing to escalating infrastructure activities and residential construction in economies such as the India and China. In 2020, Ambuja Cement announced the launch of its four new dry mortar solutions for home builders in India which are ready to use, saving time, reducing workload and provide optimal use of ingredients. The region is also witnessing an increasing application of dry mortar in the commercial category.

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On the other hand, North America is seeing significant demand and adoption of dry mortars, which is expected to grow further given the emerging applications in commercial spaces such as resorts, hotels, and institutions. The number of residential construction activities is also on the rise in the region, providing more business opportunities for suppliers and product manufacturers.

Table of contents (ToC) of the report:

Chapter 1 Methodology and Scope

1.1 Market definition

1.2 Basic estimates and work

1.2.1 North America

1.2.2 Europe

1.2.3 Asia-Pacific

1.2.4 Latin America

1.2.5 Middle East and Africa

1.3 Forecast calculations

1.3.1 Calculations of the impact of COVID-19 on the industry forecast

1.4 Data sources

1.4.1 Secondary

1.4.1.1 Paid

1.4.1.2 Unpaid

1.4.2 Primary

Chapter 2 Executive Summary

2.1 360 Dry Mortar Industry0 summary, 2017 – 2027

2.1.1 Trade trends

2.1.2 Application trends

2.1.3 End user trends

2.1.4 Regional trends

Chapter 3 Industry Overview of Dry Mix Mortar

3.1 Industry Segmentation

3.2 Industry Landscape, 2017 – 2027

3.3 Impact of COVID 19 on the industry landscape

3.4 Industry Ecosystem Analysis

3.4.1 Distribution Channel Analysis

3.4.2 Value Chain Disruption Analysis (COVID 19 Impact)

3.4.3 Supplier Matrix

3.5 Technological landscape

3.6 Tariff trends

3.6.1 North America

3.6.2 Europe

3.6.3 Asia-Pacific

3.6.4 Latin America

3.6.5 AME

3.7 Cost structure analysis

3.8 Regulatory landscape

3.8.1 United States

3.8.2 Europe

3.8.3 China

3.9 Industry impact forces

3.9.1 Engine of growth

3.9.1.1 Strong Growth of Infrastructure Industry

3.9.1.2 Asia Pacific Dry Mortar Consumption Increasing

3.9.2 Industry Pitfalls and Challenges

3.9.2.1 Absence of appropriate norms and standards for dry mortar technology

3.10 Innovation & sustainability

3.11 Growth Potential Analysis, 2020

3.12 Porter’s analysis

3.12.1 Supplier Power

3.12.2 Purchasing power

3.12.3 Threat of new entrants

3.12.4 Industrial rivalry

3.12.5 Threat of Substitutes

3.13 Company Market Share Analysis, 2020

3.13.1 Analysis of top players

3.13.2 Strategy Dashboard

3.14 PESTEL analysis

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