2025-2034 Ready Mix Mortars Market Roadmap: Insights for Competitive Advantage

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How Large Will the Ready Mix Mortars Market Size By 2025?
The market size for ready mix mortars has seen considerable expansion in the past few years. The anticipated growth projects an increase from $46.33 billion in 2024 to $49.74 billion in 2025, manifesting a compound annual growth rate (CAGR) of 7.3%. The significant growth in the historic time can be credited to factors such as urbanization expansion, infrastructural development, rise in residential building projects, an upsurge in renovation activities, and governmental strategies aimed at affordable housing.

How Big Is the Ready Mix Mortars Market Size Expected to Grow by 2029?
The size of the ready mix mortars market is predicted to experience substantial growth in the coming years, expanding to $65.10 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this rise during the projection period include growing knowledge of environmentally friendly building practices, expansion in the commercial real estate market, increased acceptance of prefab construction, broadening of the retail and hospitality industries, and larger investments in the development of smart cities. Key trends during this period are expected to encompass digitalization and automation in construction, the incorporation of BIM, innovative advances in packaging, the creation of self-healing and high-performance mortars, and the implementation of smart technologies within the construction sector.

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Which Key Market Drivers Powering Ready Mix Mortars Market Expansion and Growth?
The surge in construction-oriented tasks is projected to fuel the expansion of the ready-mix mortars market in the future. The term "construction activities" encompasses a variety of procedures associated with the creation, alteration, maintenance, or destruction of structures such as buildings, roads, and other types of infrastructure aimed to produce safer and functional physical environs. The surge in construction tasks is a result of increased government investments in infrastructure developments such as roads, bridges, and public transport systems aimed at bolstering economic growth and enhancing connectivity. Ready-mix mortars prove invaluable to construction projects, significantly reducing time by foregoing the necessity for manual onsite mixing and material prepping, thereby quickening project rollout and enhancing on-site productivity. For instance, as reported by the UK's Office for National Statistics in November 2024, total new construction projects spiked by $7,670 million (£5,628 million) in 2023, stimulated by growth in both the private & public sectors, with private new development rising 2.1% and public new work increasing by 10.2%. Hence, the upsurge in construction-oriented tasks is catalysing the growth of the ready-mix mortars market.

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Which Fast-Growing Trends Are Poised to Disrupt the Ready Mix Mortars Market?
Key players in the ready-mix mortar market are concentrating on the creation of innovative offerings, like ready-mix concrete, to boost construction efficiency and cater to the increasing need for quicker and eco-friendly construction methods. The term ready-mix concrete pertains to a specific concrete type that's formed in a batching plant using a pre-determined engineered mix design, and then sent to a worksite in a fresh, ready-to-use state. For example, in December 2024, JSW One Platforms, a B2B online commerce wing of the JSW Group based in India, introduced JSW One Concrete. This ready-mix concrete (RMC) solution is designed to cater to the expanding requirements of India's construction industry. The solution emphasizes delivering top-quality, consistent, and on-time in-full (OTIF) service, enabling construction and building professionals to adhere to stringent project timelines without sacrificing their quality standards. With the use of JSW Group's internal resources, such as cement, GGBS, and chemical admixtures, JSW One Concrete strives to offer a dependable and credible solution to industry experts.

What Are the Emerging Segments in the Ready Mix Mortars Market?
The ready mix mortars market covered in this report is segmented -

1) By Type: Structural Mortar, Masonry Mortar, Grout, Other Types
2) By Chemical Properties: Standard Mortar, Polymer Modified Mortar, Water Repellent Mortar, Acid Resistant Mortar
3) By Application: Residential Construction, Commercial Construction, Industrial Construction, Infrastructure Development, Other Applications
4) By End-User: Contractors, DIY Enthusiasts, Construction Companies, Architects And Engineers, Other End Users

Subsegments:
1) By Structural Mortar: Repair Mortar, High-Performance Structural Mortar, Polymer-Modified Structural Mortar
2) By Masonry Mortar: Cement-Lime Mortar, Thin-Bed Mortar, Pre-Mixed Lime Mortar
3) By Grout: Tile Grout, Non-Shrink Grout, Cementitious Grout, Epoxy Grout
4) By Other Types: Floor Screeds, Plastering Mortar, Waterproofing Mortar, Fire-Resistant Mortar

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Who Are the Global Leaders in the Ready Mix Mortars Market?
Major Companies operating in the ready mix mortars market are BASF SE, Saint-Gobain Weber GmbH, Holcim Ltd., CEMEX S.A.B. de C.V., Kao Corporation, Sika AG, UltraTech Cement Limited, Mapei S.p.A., Bostik SA, Quikrete Holdings Inc., Tarmac Limited, Pidilite Industries Limited, Tremco CPG Inc., MC-Bauchemie Müller GmbH & Co. KG, JK Cement Limited, Fosroc International Limited, Ardex GmbH, Sievert AG, Heidelberg Cement, CPI EuroMix Limited, KILTO Oy, Instarmac Group plc, ACC Ltd.

Which are the Top Profitable Regional Markets for the Ready Mix Mortars Industry?
Asia-Pacific was the largest region in the ready mix mortars market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ready mix mortars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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