Press release
North America Dry Mix Mortar Market to Witness Comprehensive Growth by 2031, PMR Study| at a 4.7% CAGR
North America Dry Mix Mortar Market 2022 to 2032
At the end of 2021, dry mix mortar sales in North America were estimated to be worth about $34.8 billion. By 2031, the market is anticipated to grow at a 4.7% CAGR and reach a value of US$55 billion.
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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The North America dry mix mortar market is expected to experience significant growth in the coming years due to various factors such as rising construction activities and increasing demand for green buildings across the region. North America is an important market for dry mix mortars given that it is one of the largest regions with a large population and vast land area. With a steadily growing construction industry, the North America dry mix mortar market is expected to witness strong growth in the forecast period.
In North America, leading dry mix mortar manufacturers are focusing on introducing innovative products to cater to the rising demand for green buildings. This is creating a huge opportunity for players in the North America dry mix mortar market as they strive to meet the requirements of their consumers. Additionally, North America is home to some of the most technologically advanced companies in the world, which are utilizing cutting-edge technologies to develop high quality dry mix mortars at competitive prices.
Key Players-
• 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 and more
The North America dry mix mortar market also benefits from environmental regulations that have been imposed by various governments across North America. These regulations focus on reducing emissions from the construction sector and promoting sustainability in the North America dry mix mortar market. Furthermore, North American governments are providing incentives to manufacturers of green building materials including dry mix mortars, which is expected to further drive the North America dry mix mortar market in the coming years.
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Overall, North America is an important market for dry mix mortars and is expected to experience significant growth in the forecast period. With rising construction activities, increasing demand for green buildings, and technological advancements, North America is well positioned to benefit from the growth of the North America dry mix mortar market.
This information will help North American players in the dry mix mortar market make informed decisions and capitalize on the opportunities in North America. With the right strategies, North American players can gain a competitive advantage in this growing market.
This article was written to provide an overview of the North America dry mix mortar market and its expected future growth prospects. It has identified the key drivers of North America dry mix mortar market growth and discussed the opportunities that North American players can benefit from. Finally, this article has outlined the strategies North American players should take in order to capitalize on these opportunities and gain a competitive advantage in the North America dry mix mortar market.
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 the North America Dry Mix Mortar Market Report
How is the North America Dry Mix Mortar Market expected to grow over the projected period?
What direction is the North America Dry Mix Mortar Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the North America Dry Mix Mortar Market in future?
What are the key market drivers in the North America Dry Mix Mortar Market?
What are significant opportunities and improvement areas for North America Dry Mix Mortar Market manufacturers?
What are the key developments and trends taking over the North America Dry Mix Mortar Market?
Which are the emerging countries that are expected to create significant growth opportunities in the North America Dry Mix Mortar Market?
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