Dry Mix Mortar Market to Grow from $58.55 Billion in 2023 to $82.39 Billion by 2030, Driven by a 5% CAGR

𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐃𝐫𝐲 𝐌𝐢𝐱 𝐌𝐨𝐫𝐭𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 is expected to reach US$ 82.39 Bn. in 2030 from US$ 58.55 Bn. in 2023 at CAGR of 5% during the forecast period

𝐃𝐫𝐲 𝐌𝐢𝐱 𝐌𝐨𝐫𝐭𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The Dry Mix Mortar market is segmented based on industry verticals, applications, admixtures, and regions. By industry vertical, it encompasses Residential Construction, Industrial Construction, Commercial Construction, Institutional Construction, Municipal Construction, and Other sectors. In terms of application, the market is divided into Plaster, Render, Grout, Waterproofing, Tile Adhesive, and Other uses. Admixtures in the market include Methyl Hydroxyethyl Cellulose (MHEC), Methyl Hydroxypropyl Cellulose (MHPC), Methyl Cellulose, Re-Dispersible Polymer Powder, and other additives. Regionally, the market is categorized into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Dry-Mix-Mortar-Market/918

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐃𝐫𝐲 𝐌𝐢𝐱 𝐌𝐨𝐫𝐭𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬?

Dry mix mortar is a crucial component in the modern construction materials market, providing not only aesthetic enhancements but also contributing to thermal insulation and construction efficiency. The product's versatility and effectiveness are leading to its growing use across various sectors, particularly in developing economies where demand is expanding rapidly. The rising adoption of dry mix mortar in commercial and institutional projects, especially in developed regions like Europe and North America, is expected to drive overall market growth. In particular, the increase in commercial construction activities in countries such as the United States, Italy, and Russia has led to a surge in demand for building materials, including dry mix mortar.

Dry mix mortar, which combines cement and sand, serves multiple functions such as adhesive for masonry, tile fixing, and building coatings. Although it is less durable than concrete, its higher water-to-cement ratio makes it suitable for various applications. In 2020, the render sector held the largest market share, accounting for over 41% of the market, and is projected to continue growing at a compound annual growth rate (CAGR) of approximately 5.5% during the forecast period. The rendering process, which involves applying a smooth or textured surface to structures, further boosts the demand for dry mix mortar. Additionally, the tile adhesives segment is anticipated to grow at the fastest rate, with a CAGR exceeding 6% over the projected period.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐃𝐫𝐲 𝐌𝐢𝐱 𝐌𝐨𝐫𝐭𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 ?

The Asia-Pacific region is expected to witness substantial growth throughout the forecast period, driven by burgeoning commercial and infrastructure projects in emerging economies such as China, India, Japan, Indonesia, and South Korea. The rapidly growing populations in these countries are significantly increasing the demand for residential buildings, further boosting the need for dry mix mortar. For example, in November 2021, the Indian government approved the construction of 361,000 houses under the Pradhan Mantri Awas Yojna (PMAY) scheme, bringing the total number of units under this initiative to 11.4 million. Additionally, major infrastructure projects like the Navi Mumbai International Airport (NMIA), one of the largest greenfield airport projects globally, are expected to drive further demand for dry mix mortar. With an anticipated capacity of 60 million passengers annually by 2030, NMIA will cover 11.6 square kilometers and feature two parallel runways and a central terminal building.

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Dry-Mix-Mortar-Market/918

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐃𝐫𝐲 𝐌𝐢𝐱 𝐌𝐨𝐫𝐭𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 ?

By Industry Verticals

Residential Construction
Industrial Construction
Commercial Construction

By Application

Plaster
Render
Grout

By Admixtures

Methyl Hydroxyethyl Cellulose (MHEC)
Methyl hydroxypropyl Cellulose (MHPC)
Methyl Cellulose
Re-Dispersible Polymer Powder
Others

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐫𝐲 𝐌𝐢𝐱 𝐌𝐨𝐫𝐭𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Cemex (Mexico)
Sika AG (Switzerland)
Lafarge (France)
DowDuPont (US)
Ardex Group (Germany)
UltraTech (India)
Saint-Gobain Webe (France)
3M (US)
Conmix (UAE)
Holcim group (Switzerland)
Laticrete International Inc (US)
MAPEI SpA (Italy)
Plaxit (UAE)
Ramco Cements Limited (India)
Henkel AG & Co. KGaA (Germany)
BASF (Germany)

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Dry-Mix-Mortar-Market/918

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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