Press release
North America Dry Mix Mortar Market to be valued at over US$ 55 Bn by 2031-end
North America Dry Mix Mortar Market 2022
The North America dry mix mortar market was valued at US$ 34.8 Bn as of 2021. Consumption of dry mix mortar in North America is projected to increase at 4.7% CAGR and be valued at over US$ 55 Bn by 2031-end. Growing urbanization and significant growth in the construction industry, coupled with increase in per capita disposable income to remain key growth factors for the market.
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Key Companies-
• 3M
• Laticrete International Inc.
• Dow Inc
• Redox
• Normet
• Minerals Tech Inc.
• Flexicon Corp
• Wacker
• Ardex Group
• BASF SE
• Henkel AG & Co. KGaA
• Knauf Gips KG
• Nordkalk
• Kourasanit
• WAMGroup S.p.A
• Colmef Monelli
• MAPEI SpA
• Laviosa
• BeriCalce
• Cimprogetti
• Fercalx Group
• HeidelbergCement
• Lafarge
• Ash Grove North
• Lehigh
• Swell Well Minechem
The North America dry mix mortar market is anticipated to witness a growth rate of around 4.7% over the decade. Burgeoning construction sector, increasing urbanization, and rising individual living standards are expected to drive market expansion.
Dry mix mortar is one of the key essential materials used in the construction & infrastructure industry. Growing construction industry, real-estate growth, and infrastructure developments are expected to boost demand for dry mix mortar over the coming years. In various construction and infrastructural projects, the need and demand for these ready-to-use construction materials is increasing.
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Key Market developments:
In 2019, in South Korea, a new WACKER production plant for dispersible polymer powders for the manufacturing of building materials began operations.
In 2020, Laticrete International Inc. launched the Lite mortar series, which helped the company significantly improve safety for installers and improve performance in concrete repairs.
Key Takeaways from Market Study
• Demand for dry mix mortar in North America is forecasted to top a value of US$ 55 Bn by the end of 2031.
• The U.S. is a key market in North America accounting for more than 72% market share.
• Plaster is anticipated to remain a key application segment.
• Market in Mexico is expected to witness a CAGR of 4.3% by the end of the year 2031.
• By end use, the residential sector is a key segment accounting for more than 40% market share.
"Key market players are focusing on heavy investments in R&D, expansions, acquisitions, and joint ventures to cater growing demand from end users and enhance their market footprint," says a Persistence Market Research analyst.
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Key Questions Answered in North America Dry Mix Mortar Market Report -
• How much is the North America market for dry mix mortar currently worth?
• What are the main factors driving demand for dry mix mortar in the region?
• What will be the consumption outlook for dry mix mortar through 2031?
• What are the key trends being witnessed in this space?
• How is U.S. faring in the North American market?
About us: -
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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