Dry Mix Mortar Market Overview
Dry Mix Mortar Market size is
expected to be valued at US$50.9 billion by the end of the year 2027 and is set to
grow at a CAGR of 5.5% during the forecast period from 2022-2027. Dry mix mortar
is generally made of three ingredients such as cement, cement grouts, sand, and
admixtures such as wall putty, reinforced concrete, and others. Dry mix mortar
is high quality premix that is used for plastering and masonry activities. It
is originally manufactured with cement such as Portland cement with well graded
river sand and some admixtures as per the requirement of dry mix and is used in
various applications such as tile adhesives, plastering, tile joint fillers,
floor screeds and others. Therefore, the increase in the number of construction
activities across the globe is majorly driving the demand for dry mix mortar
market.
COVID-19 impact
Amid the Covid-19 pandemic, the
growth of dry mix mortar market drastically slowed down. The production of dry
mix mortar reduced to a great deal which in turn affected the operation of the dry
mix mortar market and disrupted other activities such as marketing, supply
chain management and sales of the companies dealing in dry mix mortar products,
leaving those companies in huge losses. Furthermore, restrictions on import and
export activities due to the economic lockdown across the globe affected the
growth of the dry mix mortar market. However, the dry mix mortar industry is
set to grow in terms of value by the year end 2021.
Report Coverage
The report: “Dry Mix Mortar Market – Forecast (2022-2027)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Dry Mix Mortar Industry.
By Product
Type: Cement
Grouts, Bonding Mortar, Thin Joint Mortars, Floor Screeds, Gypsum Plaster and Others.
By Application: Tile
Adhesive, Water-proofing Slurry, Concrete, Insulation and Others.
By End Use Industry: Residential
Construction, Commercial Construction and Industrial Construction.
By Geography:
North America (USA, Canada, Mexico), Europe (Germany, UK,
France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe),
APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia,
Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest
of South America) and RoW (Middle East and Africa).
Key Takeaways
- Asia-Pacific market held the largest share in the dry mix mortar market owing to increase in demand from the construction industry in countries like China, India and South Korea in the APAC region.
- Government initiatives to develop infrastructure is majorly driving the dry mix mortar market.
- The growing population in developing countries coupled with the increase in demand for infrastructure is driving the dry mix mortar market.
- Amid the Covid-19 pandemic, the
dry mix mortar market witnessed slow growth owing to the ongoing covid-19
pandemic.
Figure: Asia Pacific Dry Mix Mortar Market Revenue, 2021-2027 (US$ Billion)
![Asia Pacific Dry Mix Mortar Market Revenue](https://i.imgur.com/pfsupWN.png)
Dry Mix Mortar Market Segment Analysis – By Product Type
Cement
grouts segment held the largest share in dry mix mortar market in the
year 2021. Cement grouts are used in forming pressure
to fill forms, voids and cracks while adding cement or reinforced concrete in
various establishments. Cement grout is generally made from a mixture
of water, cement and sand that is used in filling voids, pressure grouting, connecting
sections of pre-cast concrete, embedding rebar in masonry walls and ceiling
joints such as those between tiles. Cement grouts can be used in several establishments
including dams, bridges, marine applications and rock anchors. The grouted mass
has enhanced properties such as enhanced strength, stiffness, and reduced
permeability. This is driving the demand for cement grouts segment in the dry
mix mortar market.
Dry Mix Mortar Market Segment Analysis – By Application
Tile
adhesive segment held the largest share in the dry mix mortar market in
the year 2021. The increase in the number of building activities across the
globe is majorly driving the demand for tile adhesives segment in the dry mix
mortar market. Tile adhesives are a special type of glue that is used in
sticking tiles together. Tile adhesives are also used for fixing tiles on wall,
floors, swimming pools which may contain all types of cements and admixtures
such as cement grouts, floor screeds and others. Tile adhesives are fast and efficient,
easy to use, forms thin layer and can be grouted quickly without waiting for
the moisture to evaporate. This is majorly driving the demand for tile adhesive
segment in the dry mix mortar market.
Dry Mix Mortar Market Segment Analysis – By End Use Industry
Commercial construction industry held the largest share in the dry
mix mortar market in the year 2021. The increase in the number of government initiatives and
investments in developing the public infrastructure is one of the major factors
driving the dry mix mortar market. For instance, according to International
Trade Administration, the UK government announced funds for infrastructural
development worth US$6.87 billion in September 2020 which will be primarily be
spent on the construction of buildings for public hospitals, schools and other
local projects. Additionally, the revenue of heavy engineering industry stood
at US$92 billion in India alone, which is one of the biggest factors driving
the growth and demand of commercial construction sector. This will further
increase the demand for dry mix mortar products such as cement grouts, bonding mortar, floor screed and others.
Dry Mix Mortar Market Segment Analysis – By Geography
Asia Pacific region held the largest share of 35% in the dry mix mortar market in the year 2021. The growth in the population in the Asia Pacific region coupled with the increase in government policies and investments related to infrastructure in the region is driving the dry mix mortar market. According to Asian Development Bank, developing countries in Asia will invest US$26 trillion in infrastructure from 2016 to 2030, or US$1.7 trillion per year. This will further lead to an increase in the number of infrastructure projects taking place every year in the region. This will also further increase the demand for the dry mix mortar market for various uses such tile adhesives, plastering, floor screeds, and others in the Asia Pacific region.
Dry Mix Mortar Market Drivers
Government initiatives to develop infrastructure is majorly driving the dry mix mortar market
The government initiatives to develop infrastructure in many countries is one of the major factors driving the dry mix mortar industry. As the economies keep developing, the infrastructure of such economies also keeps expanding, which gives scope to markets such as dry mix mortar. According to Global Infrastructure Hub, the projected investment in the construction of road in the USA between 2016-2040 is estimated at US$3.42 trillion. Furthermore, as per The Trans-European Transport Network (TEN-T) policy, for the implementation and development of a Europe-wide network of railway lines, roads, inland waterways, the plan was resourced with US$31.9 billion. This is further driving the demand for dry mix mortar across the globe.
The growing population in developing countries coupled with the increase in demand for infrastructure is driving the dry mix mortar market
The growing population in developing countries like China and
India is one of the main factors driving the dry mix mortar market. As the
population increases, the need to expand infrastructure and basic amenities
also increase, which in turn is leading to the increase in consumption of products
such as dry mix mortar. Multilateral development banks such as Asian Development
Bank is scaling up operations for sovereign and non-sovereign infrastructure
investment, which will further increase the investment in the building and
construction sector. The investment has reached US$20 million as of 2020, an
increase of 70% from the year 2014. This will further increase the demand for
related products and services such as dry mix mortar market. Therefore, this is
one of the major driving factors of the dry mix mortar market.
Dry Mix Mortar Market Challenges
High cost of investment is one of the significant challenges hindering the dry mix mortar market
One of the biggest challenges of dry mix mortar
market is the high cost of
investment involved. It requires the installation of high-end machinery (such
as applications like blending equipment etc.) which increases the cost of
operation and maintenance. Small-time businesses and establishments cannot
afford to invest in such machinery for mixing concrete, cement grouts and
others, which eventually makes them opt for normal concrete than dry mix mortar,
which is one of the biggest challenges for the dry mix mortar market.
Furthermore, delayed hardening, shrinkage and low tensile strength is also hindering
the growth of the dry mix mortar market.
Dry Mix Mortar Industry Outlook
Acquisitions and mergers, production expansion, facility
expansion collaborations, partnerships, investments, are some of the key
strategies adopted by players in this market. Major players in the Dry Mix Mortar Market include:
- Ardex Group
- Sika AG
- Wacker Chemie AG
- Parex Group,
- Samex
- Colmef Monelli
- Mapei SpA SAB de CV
- WUENSCH PLASTER
- UltraTech Cement Ltd
- LafargeHolcim
- The Ramco Cements Ltd
- CEMEX S.A.B. de C.V.
- Saudi Readymix
- Saint-Gobain
- DowDuPont
- MAPEI S.p.A.
Acquisitions/Technology Launches
- On July 5 2021, ARDEX Group acquired Drymix NZ, a company that deals with Drymix concretes and cements. This acquisition will further strengthen ARDEX Group’s market position in New Zealand.
- On February 8 2021, Sika acquired Kreps LLC, offering range of mortar products for interior and exterior finishing.
- On October 3 2019, The ARDEX Group acquired a strategic stake in Ceramfix located in Brazil, a manufacturer of products for the installation of ceramic tiles, including mortars, tile adhesives, grouts, waterproofing and accessories which further strengthen the position of ARDEX Group in mortar manufacturing.
Relevant Reports
Cement
& Cement Additives Market – Forecast (2021 - 2026)
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