What is the global market size of Dry Mix Mortar Market?

Dry Mix Mortar Market size was valued at USD 53.12 Billion in 2021 and is poised to grow from USD 55.77 Billion in 2022 to USD 86.52 Billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

Dry Mix Mortar Market Size, Share, Growth Analysis, By Application(Tile Adhesive, Water-proofing Slurry, Concrete, Insulation and Others.), By End-user(Residential Construction, Commercial Construction, and Industrial Construction), By Type(Cement Grouts, Bonding Mortar, Thin Joint Mortars, Floor Screeds), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Dry Mix Mortar Market?

The competitive landscape of the Global Dry Mix Mortar Market is marked by a diverse array of players, both established manufacturers and emerging entrants. These companies compete in terms of product innovation, quality, and pricing strategies to gain a competitive edge in the market. The emphasis on sustainable and environmentally friendly construction solutions has spurred the integration of advanced technologies and formulations into dry mix mortar offerings. 'Ardex Group (Germany)', 'Sika AG (Switzerland)', 'Wacker Chemie AG (Germany)', 'Parex Group (France)', 'Samex (India)', 'Colmef Monelli (Italy)', 'Mapei SpA (Italy)', 'SAB de CV (Mexico)', 'WUENSCH PLASTER (India)', 'UltraTech Cement Ltd (India)', 'LafargeHolcim (Switzerland)', 'The Ramco Cements Ltd (India)', 'CEMEX S.A.B. de C.V. (Mexico)', 'Saudi Readymix (Saudi Arabia)', 'Saint-Gobain (France)', 'DowDuPont (USA)', 'MAPEI S.p.A. (Italy)', 'ASF SE (Germany)', 'Knauf (Germany)', 'Tarmac (UK)', 'Cemix (New Zealand)'

Q: What is the key market trend for Global Dry Mix Mortar Market?

Sustainability and Green Building Practices: The Global Dry Mix Mortar Market has witnessed a prominent trend focused on sustainability and green building practices. As environmental concerns gain momentum, both consumers and industries are emphasizing eco-friendly construction solutions. Dry mix mortar, with its potential for reduced waste generation, lower carbon emissions, and efficient application, aligns well with these objectives. This trend is driving manufacturers to develop innovative formulations and products that not only meet performance standards but also adhere to sustainable construction principles. As regulations become more stringent and environmental consciousness grows, the adoption of dry mix mortar as a greener alternative is expected to continue shaping the market's trajectory.

Report ID: SQMIG15F2098 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 94 | Figures: 77

Dry Mix Mortar Market News

In January 2024, ICICI Securities recommended a purchase approach for Ramco Cements with an objective cost of Rs 1188. At that point, the Ramco Concretes were exchanged at a market cost of Rs 1011.
In February 2024, the members of the Ramco Concretes approved and supported the appointment of Shri. CK. Ranganathan as a Non-Executive Independent Director.
In December 2023, Holcim Azerbaijan declared plans to develop a cement terminal with a capacity of 2000 tons in the Araz Valley Economic Zone in Jabrayil. The task will be completed in stages, beginning in 2024. Holcim Azerbaijan will present its ECOPlanet Inshaatchi and ECOPlanet Optimal reduced CO2 cement in the local market through this terminal. Moreover, a dry adhesive and prepared blend concrete batching plant will be introduced at the office in a later stage. The complete arranged ventures for the site add up to US$2 million.

Dry Mix Mortar Market Report Snapshots

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Dry Mix Mortar Market size was valued at USD 55.77 Billion in 2022 and is poised to grow from USD 58.56 Billion in 2023 to USD 86.52 Billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

The competitive landscape of the Dry Mix Mortar Market is marked by a diverse array of players, both established manufacturers and emerging entrants. These companies compete in terms of product innovation, quality, and pricing strategies to gain a competitive edge in the market. The emphasis on sustainable and environmentally friendly construction solutions has spurred the integration of advanced technologies and formulations into dry mix mortar offerings. 'Ardex Group (Germany)', 'Sika AG (Switzerland)', 'Wacker Chemie AG (Germany)', 'Parex Group (France)', 'Samex (India)', 'Colmef Monelli (Italy)', 'Mapei SpA (Italy)', 'SAB de CV (Mexico)', 'WUENSCH PLASTER (India)', 'UltraTech Cement Ltd (India)', 'LafargeHolcim (Switzerland)', 'The Ramco Cements Ltd (India)', 'CEMEX S.A.B. de C.V. (Mexico)', 'Saudi Readymix (Saudi Arabia)', 'Saint-Gobain (France)', 'DowDuPont (USA)', 'MAPEI S.p.A. (Italy)', 'ASF SE (Germany)', 'Knauf (Germany)', 'Tarmac (UK)', 'Cemix (New Zealand)'

The growth in population across developing nations like China and India has become a significant catalyst for the expansion of the dry mix mortar market. The rising populace necessitates the augmentation of essential infrastructure and amenities, consequently fostering the demand for products like dry mix mortar. Leading financial institutions such as the Asian Development Bank are augmenting their efforts in both sovereign and non-sovereign infrastructure investments, contributing to the overall development of the construction sector. This enhanced investment is projected to have a considerable positive impact on the demand for products and services within the dry mix mortar market.

Sustainability and Green Building Practices: The Dry Mix Mortar Market has witnessed a prominent trend focused on sustainability and green building practices. As environmental concerns gain momentum, both consumers and industries are emphasizing eco-friendly construction solutions. Dry mix mortar, with its potential for reduced waste generation, lower carbon emissions, and efficient application, aligns well with these objectives. This trend is driving manufacturers to develop innovative formulations and products that not only meet performance standards but also adhere to sustainable construction principles. As regulations become more stringent and environmental consciousness grows, the adoption of dry mix mortar as a greener alternative is expected to continue shaping the market's trajectory.

Asia Pacific stands out as the largest and dominating market segment in the dry mix mortar industry due to a confluence of factors. The region's rapid urbanization and burgeoning construction activities have fueled an unprecedented demand for efficient and time-saving construction solutions. As countries like China, India, and Southeast Asian nations experience substantial population growth and infrastructural development, the need for cost-effective and high-quality building materials such as dry mix mortar has soared. Additionally, the availability of skilled labor, favorable government initiatives, and growing investments in real estate and infrastructure projects have contributed to the region's dominance.

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What is the market size of Dry Mix Mortar Market?

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