Global Dry Mix Mortar Market Overview
The Dry Mix Mortar Market Size was estimated at 21.07 (USD Billion) in 2022. The Dry Mix Mortar Industry is expected to grow from 22.07(USD Billion) in 2023 to 33.49 (USD Billion) by 2032. The Dry Mix Mortar Market CAGR (growth rate) is expected to be around 4.74% during the forecast period (2024 - 2032).
Key Dry Mix Mortar Market Trends Highlighted
Key market drivers for dry mix mortar include increasing construction activities, urbanization, and government infrastructure projects. Additionally, the rising demand for sustainable construction materials and the growing popularity of prefabricated buildings are expected to drive market growth.
Opportunities for exploration in the dry mix mortar market include the development of specialized mortars for specific applications, such as fire-resistant mortars and waterproof mortars. Additionally, the expansion of the market into emerging economies and the adoption of advanced technologies for production and distribution offer potential growth opportunities.Recent trends in the dry mix mortar market indicate a shift towards environmentally friendly products, with manufacturers focusing on reducing the carbon footprint and using sustainable raw materials.
Furthermore, there is a growing adoption of dry-mix mortars in residential and commercial construction projects as they offer convenience, reduce waste, and improve construction speed and efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mix Mortar Market Drivers
Rising Demand for Affordable Housing
The growing need for affordable housing is a major driver of the Dry Mix Mortar Market Industry. As the population continues to grow, the demand for new housing increases and affordable housing options become increasingly important. Dry mix mortar is a cost-effective and efficient building material that can help to meet this demand. It is also well-suited for use in disaster relief and post-conflict reconstruction, as it can be quickly and easily deployed to provide shelter for those in need.Additionally, the increasing popularity of green building practices is driving the demand for sustainable building materials, and dry mix mortar is a more environmentally friendly option than traditional mortar.
Increasing Urbanization
Increasing urbanization Another key driver of the Dry Mix Mortar Market Industry is increasing urbanization. With more people moving to cities, the demand for new construction and infrastructure is increasing. Dry mix mortar is an ideal material for use in urban areas, as it can be used to build a wide variety of structures, including high-rise buildings, bridges, and roads. Dry mix mortar is also a durable and weather-resistant material, making it ideal for use in areas with harsh climates.
Government Regulations and Incentives
Government regulations and incentives are also driving the growth of the Dry Mix Mortar Market Industry. Many governments are implementing regulations that require the use of sustainable building materials, and dry mix mortar is a great option for meeting these requirements. Additionally, governments are offering incentives to encourage the use of dry-mix mortar, such as tax breaks and subsidies.
Dry Mix Mortar Market Segment Insights
Dry Mix Mortar Market Type Insights
The dry mix mortar market is segmented by type into adhesive dry mix mortar, wall and tile dry mix mortar, grout dry mix mortar, and concrete dry mix mortar. Among these, the adhesive dry mix mortar segment is expected to witness the highest growth over the forecast period. The growth of this segment can be attributed to the increasing demand for adhesives in the construction industry. Dry mix mortar is a pre-blended mixture of cementitious materials, aggregates, and additives. It is used in a variety of construction applications, including tiling, plastering, and rendering.Adhesive dry mix mortar is used to bond tiles, stones, and other materials to surfaces. It is a versatile product that can be used in both interior and exterior applications. The market growth is attributed to the increasing construction activities across the globe, particularly in emerging economies. The rising demand for dry mix mortar in the construction industry is driven by several factors, including increasing urbanization, growing population, and government initiatives to promote affordable housing. Dry mix mortar offers several advantages over traditional mortar, such as ease of use, reduced labor costs, and improved quality.These factors are expected to continue to drive the growth of the dry mix mortar market in the coming years. The Asia-Pacific region is expected to dominate the dry mix mortar market over the forecast period. The growth of the market in this region is attributed to the increasing construction activities in countries such as China, India, and Indonesia. The growing disposable income of the population in these countries is also contributing to the growth of the dry mix mortar market. The key players in the dry mix mortar market include Saint-Gobain, BASF, Sika, Mapei, and Bostik.These companies are investing in research and development to develop new and innovative products that meet the evolving needs of the construction industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mix Mortar Market Composition Insights
The segmentation of the Dry Mix Mortar Market can be understood through the composition, which is organically separated into organic and inorganic. According to the research, the inorganic segment had a large share in 2023 and is anticipated to maintain dominance throughout the prediction period. The inorganic dry mix mortars are made of Portland cement, in addition to sand and other inorganic materials. They are both strong and durable and resistant to humidity. Conversely, the organic dry mix mortars are composed of organic binders, such as polymers and resins and are known to be flexible, adhesive, and resistant to cracks.The need for lightweight and tough building materials is propelling the growth of the inorganic segment, whereas the rising consciousness regarding some sustainable and environmental-friendly methods is expected to raise the need for organic dry mix mortars in the coming years. The revenue in 2023 for the Dry Mix Mortar Market of inorganic dry mix mortars was USD 14.89 billion and is anticipated to reach a valuation of USD 22.23 billion and showcase a CAGR of 5.2% by 2032. Additionally, the organic dry mix mortar segment is also expected to reach a valuation of USD 11.26 billion and grow at a CAGR of 4.6% by 2032.
Dry Mix Mortar Market Application Insights
The Dry Mix Mortar Market segmentation by Application comprises Residential, Commercial, and Industrial. Among these, the Residential segment held the largest market share in 2023 and is anticipated to continue its dominance during the forecast period. The growing demand for Dry Mix Mortar in residential construction projects, attributed to its ease of application, cost-effectiveness, and time-saving feature, is propelling the segment's growth. The Commercial segment is expected to exhibit a steady growth rate, driven by rising construction activities in the commercial sector, including offices, retail stores, and hospitality establishments.The Industrial segment is anticipated to witness significant growth, owing to increasing demand for Dry Mix Mortar in industrial construction, such as factories, warehouses, and infrastructure projects.
Dry Mix Mortar Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the Dry Mix Mortar Market. Direct sales, retail sales, and online sales are the primary distribution channels for dry mix mortar. Direct sales involve selling directly to end-users, offering benefits such as personalized service and technical support. Retail sales, on the other hand, involve selling through retail stores and home improvement centers, providing convenience and accessibility to customers. Online sales have gained prominence in recent years, offering a wider product selection and competitive pricing.In 2023, the Dry Mix Mortar Market revenue through direct sales was valued at USD 10.23 billion, while retail sales accounted for USD 7.45 billion. Online sales are projected to grow rapidly, reaching an estimated USD 3.12 billion by 2027. The growth of online sales is attributed to increasing internet penetration and the convenience of online shopping. Manufacturers are focusing on expanding their online presence and offering e-commerce platforms to cater to the growing demand through this channel.
Dry Mix Mortar Market Regional Insights
The Dry Mix Mortar Market is segmented into North America, Europe, APAC, South America, and MEA. In 2023, the market in North America was valued at USD 6.32 billion and is expected to reach USD 9.37 billion by 2032, exhibiting a CAGR of 4.5%. Europe held a market value of USD 5.84 billion in 2023 and is projected to reach USD 8.51 billion by 2032, growing at a CAGR of 4.3%. The APAC region accounted for a market value of USD 7.56 billion in 2023 and is estimated to reach USD 11.27 billion by 2032, showcasing a CAGR of 4.9%. South America's market size was valued at USD 1.23 billion in 2023 and is projected to grow to USD 1.79 billion by 2032, exhibiting a CAGR of 4.2%.The MEA region held a market value of USD 1.12 billion in 2023 and is expected to reach USD 1.65 billion by 2032, growing at a CAGR of 4.4%.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mix Mortar Market Key Players And Competitive Insights
Overall, major players in the Dry Mix Mortar Market are in close competition. They are oriented at a high rate of product innovation productivity in terms of quality and price, technology, and sustainability. These companies are also inclined towards increasing their regional presence by emerging as market participants via varying strategic partnerships and collaborations. In particular, these main market leaders are making considerable investments in research and development to design and manufacture innovative products with improved features and functionality. They are constantly seeking ways to come up with more durable and efficient as well as eco-friendly products. At the same time, major companies are using digital technologies to make their production and distribution processes more productive and cost-effective. Besides, they are engaging in mergers and acquisitions designed to emphasize their positions in the market and obtain innovative technologies and markets. It should be noted that the ongoing rivalry among the leaders of the Dry Mix Mortar Market results in numerous product launches, promotional campaigns, as well as technological advances.CEMEX, S.A.B. de C.V. is a Mexican company that is one of the major players in the Dry Mix Mortar Market industry. Apart from dry-mix mortars, the company is involved in the production of cement, ready-mix concrete and aggregates. It has a presence in more than 50 countries around the world, in North America, Europe, the Middle East, Asia, and Africa. The company is also noteworthy for being innovative and sustainable and has a number of its proprietary dry mix mortar solutions.LafargeHolcim is a Swiss company and another leader operating in the Dry Mix Mortar Market industry. It is one of the world's largest manufacturers of cement, concrete, and aggregates. This major company has well-established positions in more than 80 markets worldwide. At the same time, the organization is a major producer of dry-mix mortars used for diverse applications. Over the past few years, LafargeHolcim has implemented a number of acquisitions to increase its presence in new and emerging markets.
Key Companies in the Dry Mix Mortar Market Include
- Mapei
- BASF
- Sika
- Sopro
- SaintGobain
- Chryso
- Quickmix
- Weber
- Henkel
- Laticrete
- Wacker Chemie
- Ardex
- Parex
- mtec
Dry Mix Mortar Market Industry Developments
The dry mix mortar market is projected to reach USD 33.49 billion by 2032, exhibiting a CAGR of 4.74% during the forecast period. Rising construction activities in emerging economies, increasing urbanization, and growing demand for sustainable building materials are key factors driving market growth. Government initiatives promoting green building practices and infrastructure development are further fueling demand. Key players are focusing on product innovation, expanding their geographical presence, and forming strategic partnerships to gain a competitive edge. Recent developments include the launch of eco-friendly dry mix mortars with reduced carbon footprints and the adoption of advanced technologies for improved performance and efficiency.
Dry Mix Mortar Market Segmentation Insights
Dry Mix Mortar Market Type Outlook
- Adhesive Dry Mix Mortar
- Wall and Tile Dry Mix Mortar
- Grout Dry Mix Mortar
- Concrete Dry Mix Mortar
Dry Mix Mortar Market Composition Outlook
- Organic Dry Mix Mortar
- Inorganic Dry Mix Mortar
Dry Mix Mortar Market Application Outlook
- Residential
- Commercial
- Industrial
Dry Mix Mortar Market Distribution Channel Outlook
- Direct Sales
- Retail Sales
- Online Sales
Dry Mix Mortar Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
21.07(USD Billion) |
| Market Size 2023 |
22.07(USD Billion) |
| Market Size 2032 |
33.49(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.74% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Mapei ,BASF ,Sika ,Sopro ,SaintGobain ,Chryso ,Quickmix ,Weber ,Henkel ,Laticrete ,Wacker Chemie ,Ardex ,Parex ,mtec |
| Segments Covered |
Type, Composition, Application, Distribution Channel, Regional |
| Key Market Opportunities |
Renovation and repair in existing buildings Growing demand for prefabricated construction Rise in disposable income Expanding construction industry in developing countries Increased focus on sustainable construction |
| Key Market Dynamics |
Rising construction industry Urbanization Increasing demand for sustainable building materials Technological advancements Government regulations. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
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Frequently Asked Questions (FAQ) :
The Dry Mix Mortar Market is anticipated to reach a valuation of approximately 22.07 billion USD in 2023.
The Dry Mix Mortar Market is projected to exhibit steady growth, with a CAGR of around 4.74% over the period from 2024 to 2032.
The Asia-Pacific region is anticipated to maintain its dominance in the Dry Mix Mortar Market due to rapid urbanization, increasing construction activities, and government initiatives promoting sustainable building practices.
The primary applications fueling the growth of the Dry Mix Mortar Market include residential construction, commercial construction, and infrastructure development, as these sectors require large quantities of dry mix mortar for various applications such as tiling, plastering, and masonry work.
Key players in the Dry Mix Mortar Market include Sika AG, Saint-Gobain Weber, BASF SE, Mapei S.p.A., and HeidelbergCement AG, among others.
The growth of the Dry Mix Mortar Market is primarily driven by factors such as rising urbanization, increasing demand for sustainable building materials, growing construction activities in emerging economies, and government regulations promoting energy efficiency in buildings.
The Dry Mix Mortar Market may face challenges related to fluctuating raw material prices, stringent environmental regulations, and intense competition from traditional construction materials such as cement and concrete.
Opportunities for growth in the Dry Mix Mortar Market lie in the increasing adoption of green building practices, rising demand for prefabricated construction, and technological advancements leading to the development of innovative products with enhanced properties.
Key trends shaping the Dry Mix Mortar Market include the growing popularity of lightweight and sustainable dry mix mortars, the integration of advanced technologies such as nanotechnology and automation, and the increasing emphasis on product innovation and customer-centric solutions.
The Dry Mix Mortar Market is projected to reach a substantial valuation of approximately 33.49 billion USD by 2032, driven by the aforementioned growth factors and trends.
