Dry Mortar Market Size was estimated at 24.91 (USD Billion) in 2022. The Dry Mortar Industry is expected to grow from 26.72 (USD Billion) in 2023 to 50.1 (USD Billion) by 2032. The Dry Mortar Market CAGR (growth rate) is expected to be around 7.24% during the forecast period (2024 - 2032).
Key Dry Mortar Market Trends Highlighted
Key market drivers fueling the growth of the Dry Mortar Market include the rising demand for construction and infrastructure projects, increasing urbanization, and the growing popularity of sustainable building materials. The use of dry mortar in prefabricated construction, which offers faster and more efficient construction methods, is a significant trend driving the market's growth.Opportunities for market players lie in the exploration of eco-friendly and specialized dry mortar formulations, such as those designed for specific applications like fire resistance and insulation. Additionally, the growing focus on energy-efficient and low-carbon construction practices is creating a demand for dry mortars with enhanced thermal properties.Recent trends in the dry mortar market include the adoption of advanced technologies, such as digital mixing and automated application systems, to improve efficiency and quality control. The use of additives and admixtures to enhance performance characteristics, such as strength, durability, and workability, is also gaining prominence. Furthermore, the trend towards modular and off-site construction methods is expected to further drive the demand for dry mortars.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mortar Market Drivers
Rising Demand for Dry Mortar in Construction
The construction industry is a major driver of the dry mortar market. Dry mortar is increasingly being used in construction projects due to its numerous advantages over traditional mortar. It is easier to mix and apply, requires less water, and has a shorter curing time. Additionally, dry mortar is more durable and resistant to cracking and shrinkage. As the construction industry continues to grow, so too will the demand for dry mortar. The growing popularity of dry mortar in construction is also being driven by the increasing adoption of green building practices.Dry mortar is a more environmentally friendly option than traditional mortar, as it produces less waste and emissions. Additionally, dry mortar can be recycled, which further reduces its environmental impact. The rising demand for dry mortar in construction is expected to continue in the coming years. As the construction industry grows and green building practices become more widespread, the demand for dry mortar is likely to increase even further.
Increasing Use of Dry Mortar in Infrastructure Projects
Dry mortar is also increasingly being used in infrastructure projects. Infrastructure projects, such as roads, bridges, and tunnels, require large amounts of mortar. Dry mortar is a more efficient and cost-effective option for these projects than traditional mortar. It is easier to transport and store, and it can be applied more quickly and easily. The use of dry mortar in infrastructure projects is also being driven by the need for durable and long-lasting materials.Dry mortar is more resistant to cracking and shrinkage than traditional mortar, which makes it ideal for use in infrastructure projects that are subject to heavy traffic and wear and tear. The increasing use of dry mortar in infrastructure projects is expected to continue in the coming years. As infrastructure projects become more complex and demanding, the need for durable and efficient materials will increase. Dry mortar is well-positioned to meet this need.
Growing Adoption of Dry Mortar in Developing Countries
The dry mortar market is also growing rapidly in developing countries. Developing countries are experiencing a construction boom as they seek to improve their infrastructure and housing stock. Dry mortar is a more affordable and efficient option for construction projects in developing countries than traditional mortar. It is easier to transport and store, and it can be applied more quickly and easily. The growing adoption of dry mortar in developing countries is also being driven by the increasing availability of local production facilities.In the past, dry mortar was primarily imported from developed countries. However, local production facilities are now being established in developing countries, which is making dry mortar more affordable and accessible. The growing adoption of dry mortar in developing countries is expected to continue in the coming years. As developing countries continue to grow and urbanize, the demand for dry mortar is likely to increase even further.
Dry Mortar Market Segment Insights:
Dry Mortar Market Product Type Insights
The Dry Mortar Market is segmented by Product Type into Standard Dry Mortar, Modified Dry Mortar, and Special Dry Mortar. Standard Dry Mortar is the most common type of Dry Mortar and is used in a wide range of applications, including wall and floor tiling, plastering, and rendering. Standard Dry Mortar is typically made from a blend of cement, sand, and lime and may also include other additives such as polymers or plasticizers. Modified Dry Mortar is a type of Dry Mortar that has been modified with the addition of polymers or other additives to improve its performance.Modified Dry Mortar is often used in applications where higher strength, flexibility, or durability is required, such as in flooring systems or exterior wall coatings. The Global Modified Dry Mortar Market is expected to reach USD 15.63 Billion by 2023, growing at a CAGR of 8.32% from 2023 to 2032. Special Dry Mortar is a type of Dry Mortar that is designed for specific applications, such as fireproofing, waterproofing, or soundproofing. Special Dry Mortar is typically made from a blend of cement, sand, and other additives that are specifically chosen to meet the requirements of the application.The Global Special Dry Mortar Market is expected to reach USD 7.79 Billion by 2023, growing at a CAGR of 9.11% from 2023 to 2032. The Dry Mortar Market is driven by a number of factors, including the growing construction industry, the increasing demand for high-performance building materials, and the rising awareness of the benefits of Dry Mortar. The Asia-Pacific region is expected to be the largest market for Dry Mortar, followed by Europe and North America.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mortar Market Application Insights
The application segment plays a vital role in shaping the dynamics of the Dry Mortar Market. Masonry, Tiling, Rendering, Flooring, Repair and Renovation are the key applications of dry mortar, each with its own unique characteristics and market size. Masonry, accounting for the largest share in the Dry Mortar Market, is primarily driven by the construction of residential and non-residential buildings. Dry mortar's ease of use, durability, and cost-effectiveness make it a preferred choice for bricklaying and blocklaying applications. Tiling, another significant application segment, benefits from the growing demand for ceramic and porcelain tiles in both residential and commercial sectors.The versatility of dry mortar allows for precise tile installation, ensuring a strong bond and aesthetic appeal. Rendering, used to create decorative and protective coatings on exterior walls, is witnessing steady growth due to its ability to enhance the durability and visual appearance of buildings. Dry mortar's resistance to moisture and cracking makes it an ideal choice for rendering applications. Flooring applications of dry mortar are gaining traction in both residential and industrial sectors. Its self-leveling properties and quick setting time make it suitable for large-scale flooring projects, reducing labor costs and downtime.Repair and Renovation applications are expected to drive future market growth as the need for building maintenance and restoration increases. Dry mortar's ability to repair cracks, fill gaps, and restore structural integrity makes it a valuable tool for contractors and homeowners alike. The Dry Mortar Market for the aforementioned applications is poised for significant growth in the coming years. Factors such as rising construction spending, increasing urbanization, and technological advancements are expected to contribute to this growth, making the Dry Mortar Market an attractive investment opportunity.
Dry Mortar Market End User Insights
The end user segment of the Dry Mortar Market is broadly classified into residential, commercial, and industrial sectors. Each segment holds a distinct market share and exhibits unique growth dynamics. The residential sector accounts for a significant portion of the Dry Mortar Market, primarily driven by the rising demand for affordable housing and renovation projects. In 2023, the residential segment held a market share of around 42.5%, valued at approximately USD 11.28 billion. This growth is attributed to increasing urbanization, government initiatives for affordable housing, and rising disposable incomes.The commercial sector is another major end user of dry mortar, with a market share of around 33.2% in 2023, valued at approximately USD 8.81 billion. The growth in this segment is driven by the expanding construction industry, particularly in the commercial real estate sector. The increasing number of commercial projects, such as offices, retail spaces, and hospitality facilities, is fueling the demand for dry mortar in this segment. The industrial sector, though smaller in market size compared to residential and commercial sectors, is expected to witness steady growth in the coming years.In 2023, the industrial segment accounted for a market share of around 24.3%, valued at approximately USD 6.43 billion. This growth is attributed to the rising demand for dry mortar in industrial applications such as manufacturing facilities, warehouses, and power plants.
Dry Mortar Market Distribution Channel Insights
The Dry Mortar Market is segmented by Distribution Channel into Direct Sales, Retail Sales, and Online Sales. Among these, Direct Sales holds the largest market share. The major factor driving the growth of this segment is the increasing demand for dry mortar from construction companies and contractors, who prefer to purchase directly from manufacturers to ensure quality and timely delivery. However, Online Sales are expected to witness the fastest growth during the forecast period, owing to the growing popularity of e-commerce platforms and the convenience they offer.In 2023, the Dry Mortar Market revenue through Direct Sales was valued at USD 15.4 billion, and it is projected to reach USD 25.2 billion by 2032, growing at a CAGR of 7.2%. Retail Sales accounted for a market value of USD 7.8 billion in 2023 and are estimated to grow to USD 12.9 billion by 2032, exhibiting a CAGR of 6.5%. Online Sales are anticipated to grow from USD 3.5 billion in 2023 to USD 12 billion in 2032, registering a CAGR of 14.2%. The growth of the dry mortar market is driven by various factors, including increasing construction activities, rising urbanization, and growing awareness of the benefits of dry mortar over traditional mortar.Dry mortar offers advantages such as ease of use, reduced labor costs, and faster construction time, making it an attractive option for construction projects. The market is also witnessing the emergence of new technologies and innovations, which are further enhancing the performance and efficiency of dry mortar.
Dry Mortar Market Regional Insights
The Dry Mortar Market is segmented into North America, Europe, APAC, South America, and MEA. In 2023, North America held the largest market share, followed by Europe and APAC. The North American market is expected to continue to dominate the global market in the coming years, driven by the increasing construction activities in the region. The European market is also expected to grow steadily, supported by the rising demand for dry mortar in building and construction applications. The APAC market is expected to witness significant growth in the coming years, driven by the increasing urbanization and industrialization in the region.
The South American market is expected to grow at a moderate pace, while the MEA market is expected to witness steady growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mortar Market Key Players And Competitive Insights:
Major players in the Dry Mortar Market industry are constantly striving to gain a competitive edge in the dynamic market landscape. Key players are focusing on product innovation and expansion into new markets. Leading Dry Mortar Market players are actively involved in mergers and acquisitions to bolster their market position. The competitive landscape is characterized by intense rivalry, with players implementing strategic initiatives to differentiate themselves. Dry Mortar Market development is fueled by technological advancements and evolving consumer preferences. Companies are investing heavily in research and development to enhance the functionality and efficiency of their products. The Dry Mortar Market Competitive Landscape is expected to remain competitive in the foreseeable future as players continue to optimize their strategies and offerings to cater to evolving market needs.A prominent player in the Dry Mortar Market is Saint-Gobain, a global leader in the construction materials industry. The company has a strong presence in the market, offering a comprehensive portfolio of dry mortar solutions. Saint-Gobain's focus on innovation and sustainability has helped it maintain its position as a key player. Another leading competitor is HeidelbergCement, a multinational building materials company with a significant presence in the dry mortar market. HeidelbergCement emphasizes operational efficiency and customer satisfaction, making it a formidable player in the Dry Mortar Market industry.LafargeHolcim, a global leader in building materials, is another major player in the Dry Mortar Market. The company offers a wide range of dry mortar products and has a well-established distribution network. LafargeHolcim's commitment to innovation and sustainability has contributed to its success in the market.
Key Companies in the Dry Mortar Market Include:
Knauf International GmbH
Weber SaintGobain
Sika AG
LafargeHolcim
BASF
CEMEX
SaintGobain
Parex
HeidelbergCement
Ardex Group
Tarmac Group
RPM International
Mapei Group
MTek International LLC
Fosroc International
Dry Mortar Market Industry Developments
The Dry Mortar Market is projected to reach USD 50.1 billion by 2032, exhibiting a CAGR of 7.24% during the forecast period 2024-2032. Increasing construction activities, particularly in developing economies, are driving market growth. Rising demand for energy-efficient buildings and the growing popularity of lightweight construction methods further contribute to market expansion. Key industry players are focusing on product innovation and sustainability to meet evolving customer needs and environmental regulations. Mergers and acquisitions are also shaping the market landscape, with companies seeking to expand their geographical reach and product portfolios. Recent developments include Saint-Gobain's acquisition of Chryso SAS, a global leader in construction chemicals, and BASF's investment in advanced 3D printing technologies for construction applications.
Dry Mortar Market Segmentation Insights
Dry Mortar Market Product Type Outlook
Standard Dry Mortar
Modified Dry Mortar
Special Dry Mortar
Dry Mortar Market Application Outlook
Masonry
Tiling
Rendering
Flooring
Repair and Renovation
Dry Mortar Market End User Outlook
Residential
Commercial
Industrial
Dry Mortar Market Distribution Channel Outlook
Direct Sales
Retail Sales
Online Sales
Dry Mortar Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 24.91 (USD Billion) |
| Market Size 2023 | 26.72 (USD Billion) |
| Market Size 2032 | 50.1 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.24% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Knauf International GmbH, Weber SaintGobain, Sika AG, LafargeHolcim, BASF, CEMEX, SaintGobain, Parex, HeidelbergCement, Ardex Group, Tarmac Group, RPM International, Mapei Group, MTek International LLC, Fosroc International |
| Segments Covered | Product Type, Application, End User, Distribution Channel, Regional |
| Key Market Opportunities | Energy Efficiency RetrofitsIncreasing Infrastructure InvestmentGrowth of Green Building InitiativesRising Demand in Developing EconomiesTechnological Advancements |
| Key Market Dynamics | Rising construction activitiesIncreasing urbanizationGovernment initiatives for affordable housingGrowing demand for sustainable building materialsTechnological advancements |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Dry Mortar Market is projected to reach a valuation of USD 26.72 Billion in 2023.
The Dry Mortar Market is projected to reach a valuation of USD 50.1 Billion by 2032, exhibiting a CAGR of 7.24% during the forecast period from 2024 to 2032.
The growth of the Dry Mortar Market is primarily attributed to the increasing demand for construction activities, particularly in developing regions, along with the growing popularity of dry mortar products due to their convenience, cost-effectiveness, and ease of application.
The North America region is expected to dominate the Dry Mortar Market, accounting for a significant share due to the presence of emerging economies with rapidly growing construction industries, such as Canada and the US.
Dry mortar finds applications in various construction activities, including tiling, plastering, rendering, and grouting. It is widely used in both residential and commercial construction projects.
The key competitors in the Dry Mortar Market include Sika AG, Saint-Gobain Weber, BASF SE, Mapei S.p.A., and Fosroc International Limited.
The COVID-19 pandemic had a moderate impact on the Dry Mortar Market, causing temporary disruptions in construction activities. However, the market is expected to recover as construction activities resume and government initiatives to support infrastructure development gain momentum.
Emerging trends in the Dry Mortar Market include the development of sustainable and eco-friendly dry mortar products, as well as the adoption of advanced technologies such as automation and digitalization to enhance production efficiency and product quality.
The Dry Mortar Market faces challenges such as fluctuations in raw material prices, intense competition, and regulatory compliance requirements. Additionally, the availability of skilled labor and the impact of weather conditions on construction activities can also pose challenges.
The future outlook for the Dry Mortar Market is positive, driven by the increasing demand for construction activities, particularly in developing regions. The growing adoption of sustainable building practices and government initiatives to support infrastructure development are expected to further fuel market growth.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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