Dry Mix Mortar Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

Report Code: CMR 74028 Report Format: PDF + Excel

Dry Mix Mortar Market Overview

Dry Mix Mortar Market size is expected to be valued at US$50.9 billion by the end of the year 2027 and is set to grow at a CAGR of 5.5% during the forecast period from 2022-2027. Dry mix mortar is generally made of three ingredients such as cement, cement grouts, sand, and admixtures such as wall putty, reinforced concrete, and others. Dry mix mortar is high quality premix that is used for plastering and masonry activities. It is originally manufactured with cement such as Portland cement with well graded river sand and some admixtures as per the requirement of dry mix and is used in various applications such as tile adhesives, plastering, tile joint fillers, floor screeds and others. Therefore, the increase in the number of construction activities across the globe is majorly driving the demand for dry mix mortar market.

COVID-19 impact

Amid the Covid-19 pandemic, the growth of dry mix mortar market drastically slowed down. The production of dry mix mortar reduced to a great deal which in turn affected the operation of the dry mix mortar market and disrupted other activities such as marketing, supply chain management and sales of the companies dealing in dry mix mortar products, leaving those companies in huge losses. Furthermore, restrictions on import and export activities due to the economic lockdown across the globe affected the growth of the dry mix mortar market. However, the dry mix mortar industry is set to grow in terms of value by the year end 2021.

Report Coverage

The report: “Dry Mix Mortar Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Dry Mix Mortar Industry.

By Product Type: Cement Grouts, Bonding Mortar, Thin Joint Mortars, Floor Screeds, Gypsum Plaster and Others.
By Application: Tile Adhesive, Water-proofing Slurry, Concrete, Insulation and Others.
By End Use Industry: Residential Construction, Commercial Construction and Industrial Construction.
By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the dry mix mortar market owing to increase in demand from the construction industry in countries like China, India and South Korea in the APAC region.
  • Government initiatives to develop infrastructure is majorly driving the dry mix mortar market.
  • The growing population in developing countries coupled with the increase in demand for infrastructure is driving the dry mix mortar market.
  • Amid the Covid-19 pandemic, the dry mix mortar market witnessed slow growth owing to the ongoing covid-19 pandemic.

Figure: Asia Pacific Dry Mix Mortar Market Revenue, 2021-2027 (US$ Billion)

Asia Pacific Dry Mix Mortar Market Revenue
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Dry Mix Mortar Market Segment Analysis – By Product Type

Cement grouts segment held the largest share in dry mix mortar market in the year 2021. Cement grouts are used in forming pressure to fill forms, voids and cracks while adding cement or reinforced concrete in various establishments. Cement grout is generally made from a mixture of water, cement and sand that is used in filling voids, pressure grouting, connecting sections of pre-cast concrete, embedding rebar in masonry walls and ceiling joints such as those between tiles. Cement grouts can be used in several establishments including dams, bridges, marine applications and rock anchors. The grouted mass has enhanced properties such as enhanced strength, stiffness, and reduced permeability. This is driving the demand for cement grouts segment in the dry mix mortar market.

Dry Mix Mortar Market Segment Analysis – By Application

Tile adhesive segment held the largest share in the dry mix mortar market in the year 2021. The increase in the number of building activities across the globe is majorly driving the demand for tile adhesives segment in the dry mix mortar market. Tile adhesives are a special type of glue that is used in sticking tiles together. Tile adhesives are also used for fixing tiles on wall, floors, swimming pools which may contain all types of cements and admixtures such as cement grouts, floor screeds and others. Tile adhesives are fast and efficient, easy to use, forms thin layer and can be grouted quickly without waiting for the moisture to evaporate. This is majorly driving the demand for tile adhesive segment in the dry mix mortar market.

Dry Mix Mortar Market Segment Analysis – By End Use Industry

Commercial construction industry held the largest share in the dry mix mortar market in the year 2021. The increase in the number of government initiatives and investments in developing the public infrastructure is one of the major factors driving the dry mix mortar market. For instance, according to International Trade Administration, the UK government announced funds for infrastructural development worth US$6.87 billion in September 2020 which will be primarily be spent on the construction of buildings for public hospitals, schools and other local projects. Additionally, the revenue of heavy engineering industry stood at US$92 billion in India alone, which is one of the biggest factors driving the growth and demand of commercial construction sector. This will further increase the demand for dry mix mortar products such as cement grouts, bonding mortar, floor screed and others.

Dry Mix Mortar Market Segment Analysis – By Geography

Asia Pacific region held the largest share of 35% in the dry mix mortar market in the year 2021. The growth in the population in the Asia Pacific region coupled with the increase in government policies and investments related to infrastructure in the region is driving the dry mix mortar market. According to Asian Development Bank, developing countries in Asia will invest US$26 trillion in infrastructure from 2016 to 2030, or US$1.7 trillion per year. This will further lead to an increase in the number of infrastructure projects taking place every year in the region. This will also further increase the demand for the dry mix mortar market for various uses such tile adhesives, plastering, floor screeds, and others in the Asia Pacific region.

Dry Mix Mortar Market Drivers

Government initiatives to develop infrastructure is majorly driving the dry mix mortar market

The government initiatives to develop infrastructure in many countries is one of the major factors driving the dry mix mortar industry. As the economies keep developing, the infrastructure of such economies also keeps expanding, which gives scope to markets such as dry mix mortar. According to Global Infrastructure Hub, the projected investment in the construction of road in the USA between 2016-2040 is estimated at US$3.42 trillion. Furthermore, as per The Trans-European Transport Network (TEN-T) policy, for the implementation and development of a Europe-wide network of railway lines, roads, inland waterways, the plan was resourced with US$31.9 billion. This is further driving the demand for dry mix mortar across the globe. 

The growing population in developing countries coupled with the increase in demand for infrastructure is driving the dry mix mortar market

The growing population in developing countries like China and India is one of the main factors driving the dry mix mortar market. As the population increases, the need to expand infrastructure and basic amenities also increase, which in turn is leading to the increase in consumption of products such as dry mix mortar. Multilateral development banks such as Asian Development Bank is scaling up operations for sovereign and non-sovereign infrastructure investment, which will further increase the investment in the building and construction sector. The investment has reached US$20 million as of 2020, an increase of 70% from the year 2014. This will further increase the demand for related products and services such as dry mix mortar market. Therefore, this is one of the major driving factors of the dry mix mortar market.

Dry Mix Mortar Market Challenges

High cost of investment is one of the significant challenges hindering the dry mix mortar market

One of the biggest challenges of dry mix mortar market is the high cost of investment involved. It requires the installation of high-end machinery (such as applications like blending equipment etc.) which increases the cost of operation and maintenance. Small-time businesses and establishments cannot afford to invest in such machinery for mixing concrete, cement grouts and others, which eventually makes them opt for normal concrete than dry mix mortar, which is one of the biggest challenges for the dry mix mortar market. Furthermore, delayed hardening, shrinkage and low tensile strength is also hindering the growth of the dry mix mortar market.

Dry Mix Mortar Industry Outlook

Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in this market. Major players in the Dry Mix Mortar Market include:

  1. Ardex Group
  2. Sika AG
  3. Wacker Chemie AG
  4. Parex Group,
  5. Samex
  6. Colmef Monelli
  7. Mapei SpA SAB de CV
  8. WUENSCH PLASTER
  9. UltraTech Cement Ltd
  10. LafargeHolcim
  11. The Ramco Cements Ltd
  12. CEMEX S.A.B. de C.V.
  13. Saudi Readymix
  14. Saint-Gobain
  15. DowDuPont
  16. MAPEI S.p.A.

Acquisitions/Technology Launches

  • On July 5 2021, ARDEX Group acquired Drymix NZ, a company that deals with Drymix concretes and cements. This acquisition will further strengthen ARDEX Group’s market position in New Zealand.
  • On February 8 2021, Sika acquired Kreps LLC, offering range of mortar products for interior and exterior finishing.
  • On October 3 2019, The ARDEX Group acquired a strategic stake in Ceramfix located in Brazil, a manufacturer of products for the installation of ceramic tiles, including mortars, tile adhesives, grouts, waterproofing and accessories which further strengthen the position of ARDEX Group in mortar manufacturing.

Relevant Reports

Cement & Cement Additives Market – Forecast (2021 - 2026)
Report Code: CMR 0357

Global Cement Board Market – Forecast (2021 - 2026)
Report Code: CMR 63235

For more Chemicals and Materials related reports, please click here

1. Dry Mix Mortar Market- Market Overview
    1.1 Definitions and Scope
2. Dry Mix Mortar Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Dry Mix Mortar Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Dry Mix Mortar Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Dry Mix Mortar Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Dry Mix Mortar Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Dry Mix Mortar Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Dry Mix Mortar Market – By Product Type (Market Size -$Million/Billion)
    8.1 Cement Grouts
    8.2 Bonding Mortar
    8.3 Thin Joint Mortars
    8.4 Floor Screeds
    8.5 Gypsum Plaster
    8.6 Others
9. Dry Mix Mortar Market – By Application (Market Size -$Million/Billion)
    9.1 Tile Adhesive
    9.2 Water-proofing Slurry
    9.3 Concrete
    9.4 Insulation
    9.5 Others 
10. Dry Mix Mortar Market - By End-Use Industry (Market Size -$Million/Billion)
    10.1 Residential construction
        10.1.1 Independent homes
        10.1.2 Row homes
        10.1.3 Large apartment buildings
    10.2 Commercial construction
        10.2.1 Hospitals and Healthcare Infrastructure
        10.2.2 Educational Institutes
        10.2.3 Hotels and Restaurants
        10.2.4 Banks and Financial Institutions
        10.2.5 Airports
        10.2.6 Hyper and Super Market
        10.2.7 Shopping Malls
        10.2.8 Others
    10.3 Industrial Construction
11. Dry Mix Mortar Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Dry Mix Mortar Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Dry Mix Mortar Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Dry Mix Mortar Market – Key Company List by Country Premium Premium
15. Dry Mix Mortar Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"

List of Tables

1 US Dry Mix Mortar Market Size 2018
2 Canada Dry Mix Mortar Market Share 2018
3 Brazil Dry Mix Mortar Market Outlook 2019 - 2023
4 Mexico Dry Mix Mortar Market Research 2018
5 Germany Dry Mix Mortar Market Trends 2019 - 2023 
6 France Dry Mix Mortar Market Growth 2019 - 2023 
7 UK Dry Mix Mortar Market Demand 2019 - 2023 
8 Italy Dry Mix Mortar Market Segmentation 2018
9 Russia Dry Mix Mortar Market Analysis 2019 - 2023
10 China Dry Mix Mortar Market Revenue 2019 - 2023
11 Japan Dry Mix Mortar Market Volume 2019 - 2023
12 South Korea Dry Mix Mortar Market Potential 2019 - 2023
13 India Dry Mix Mortar Market Leaders 2018
14 Saudi Arabia Dry Mix Mortar Market Forecast 2019 - 2023 
15 Kuwait Dry Mix Mortar Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link